Group Cap definition
Group Cap. With respect to any Loan Group and Distribution Date, a per annum rate equal to the weighted average Net Mortgage Interest Rate for the Mortgage Loans in such Loan Group (weighted on the basis of the principal balances of the related Mortgage Loans as of the first day of the related Collection Period); such result to be adjusted as necessary to an effective rate reflecting the accrual of interest on an actual/360 basis with respect to the Class 1AV-1, Class 2AV, Class AF-1 and Class M Certificates and on a 30/360 basis with respect to the Class AF Certificates (other than the Class AF-1 Certificates).
Group Cap. With respect to any Loan Group and Distribution Date, a per annum rate equal to the weighted average Net Mortgage Interest Rate for the Mortgage Loans in such Loan Group (weighted on the basis of the principal balances of the related Mortgage Loans as of the first day of the related Collection Period); such result to be adjusted as necessary to an effective rate reflecting the accrual of interest on an actual/360 basis with respect to the Class AV Certificates and on a 30/360 basis with respect to the Class AF Certificates.
Group Cap. With respect to any Loan Group and Distribution Date, a per annum rate equal to the excess of (i) the weighted average Net Mortgage Interest Rate for the Mortgage Loans in such Loan Group (weighted on the basis of the principal balances of the related Mortgage Loans as of the first day of the related Collection Period) over (ii) a fraction, expressed as a percentage, (A) the numerator of which is the product of (1) 12 and (2) the Group Class A-IO Component Amount for such Loan Group and Distribution Date and (B) the denominator of which is the Group Balance for such Loan Group as of the first day of the related Collection Period; such result to be adjusted as necessary to an effective rate reflecting the accrual of interest on an actual/360 basis.
Examples of Group Cap in a sentence
By: /s/ John Higgins ----------------------------- Name: John Higgins Title: ▇▇▇▇▇▇▇▇-▇▇-fact Address: Gabelli Group Cap Partners Attn: Henry Kiernan, CFO 140 ▇▇▇▇▇▇▇▇▇ ▇▇▇nue, 4th Floor ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇) ▇▇ted as of: Securityholder: /s/ John Higgins, Attorney-in-fact ---------------------------------- Jay D.
Notwithstanding anything to the contrary contained in this Agreement, in no event shall the same Loss be taken into account more than once for purposes of calculations in connection with, or application of, the MH Deductible or CME Group Deductible, as applicable, or the applicable MH Cap or the applicable CME Group Cap, as applicable.