{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "class-of", "type": "definition", "offset": [8, 16]}, {"key": "libor-certificates", "type": "definition", "offset": [17, 35]}, {"key": "distribution-date", "type": "definition", "offset": [44, 61]}, {"key": "sum-of", "type": "clause", "offset": [67, 73]}], "size": 21, "snippet": "For any Class of LIBOR Certificates and any Distribution Date, the sum of:", "samples": [{"hash": "a2Su7Ja96ci", "uri": "/contracts/a2Su7Ja96ci#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Sequoia Mortgage Funding Corp)", "score": 24.4579055441, "published": true}, {"hash": "cocW2Oq6fxw", "uri": "/contracts/cocW2Oq6fxw#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Sequoia Residential Funding Inc)", "score": 23.1656399726, "published": true}, {"hash": "jxupFfLzq77", "uri": "/contracts/jxupFfLzq77#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Sequoia Mortgage Trust 2007-3)", "score": 21.0, "published": true}], "hash": "0a25052e4c9d54ca206e932bd2a7084e", "id": 1}, {"snippet_links": [{"key": "not-applicable", "type": "definition", "offset": [0, 14]}], "size": 15, "snippet": "Not applicable.", "samples": [{"hash": "hfUtMNbDxK9", "uri": "/contracts/hfUtMNbDxK9#net-wac-shortfall", "label": "Pooling and Servicing Agreement (J.P. 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Distribution Date at the related Net WAC Cap.", "samples": [{"hash": "lcZkeOqBLli", "uri": "/contracts/lcZkeOqBLli#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset-Backed Trust, Series Inabs 2007-B)", "score": 21.0, "published": true}, {"hash": "jr36z9weMlb", "uri": "/contracts/jr36z9weMlb#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Indymac Abs Inc)", "score": 19.0, "published": true}, {"hash": "iddvBSqHmrn", "uri": "/contracts/iddvBSqHmrn#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset Backed Trust, Series INABS 2007-A)", "score": 19.0, "published": true}], "hash": "216ff716d28dddfa3f2f58434583df4c", "id": 3}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "class-of-certificates", "type": "definition", "offset": [20, 41]}, {"key": "the-libor-certificates", "type": "clause", "offset": [54, 76]}, {"key": "the-class-a", "type": 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Distributable Amount for such Class calculated using the Net WAC Rate.", "samples": [{"hash": "6vaDjbznBhC", "uri": "/contracts/6vaDjbznBhC#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Indymac MBS Residential Asset Securitization Trust 2002 A5)", "score": 18.0, "published": true}, {"hash": "5Td4dzFGkoo", "uri": "/contracts/5Td4dzFGkoo#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Securitization Tr 2002-A4)", "score": 18.0, "published": true}, {"hash": "2p3FyUd0gsK", "uri": "/contracts/2p3FyUd0gsK#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Securitization Tr 2002-A7)", "score": 18.0, "published": true}], "hash": "c07f4d4ea232665db8c7b8109b87f17c", "id": 4}, {"snippet_links": [{"key": "offered-certificates", "type": "clause", "offset": [17, 37]}, {"key": "distribution-date", "type": "definition", "offset": [46, 63]}, {"key": "through-rate", "type": "clause", "offset": 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"published": true}, {"hash": "kmzFVZfDDSd", "uri": "/contracts/kmzFVZfDDSd#net-wac-shortfall", "label": "Pooling and Servicing Agreement (IndyMac ABS Inc. 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September 2007, the product of (x) 1/12th of the excess of the Fixed Interest Rate for such Class over the weighted average of the Pass-Through Rates on the Mortgage Loans as of the second preceding Due Date, (y) the Class Principal Balance for such Class immediately before such Distribution Date and (z) the excess of 1 over the Interest Loss and Shortfall Fraction for such Distribution Date.", "samples": [{"hash": "iBZt1xAE1NH", "uri": "/contracts/iBZt1xAE1NH#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2002-Ar15)", "score": 18.0, "published": true}], "hash": "cff8ca6686b7c14e4b6c016de0347f43", "id": 7}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "libor-certificates", "type": "definition", "offset": [29, 47]}, {"key": "through-rate", "type": "clause", "offset": [92, 104]}, {"key": "class-of-certificates", "type": "definition", "offset": [114, 135]}, {"key": "group-1-net-wac", "type": "definition", "offset": [154, 169]}, {"key": "equal-to", "type": "definition", "offset": [181, 189]}, {"key": "sum-of", "type": "clause", "offset": [194, 200]}, {"key": "the-excess", "type": "clause", "offset": [205, 215]}, {"key": "amount-of-interest", "type": "definition", "offset": [227, 245]}, {"key": "to-receive", "type": "definition", "offset": [298, 308]}, {"key": "applicable-to", "type": "clause", "offset": [371, 384]}, {"key": "subject-to", "type": "definition", "offset": [423, 433]}, {"key": "rate-of", "type": "clause", "offset": [444, 451]}, {"key": "per-annum", "type": "clause", "offset": [459, 468]}, {"key": "interest-accrued", "type": "clause", "offset": [492, 508]}, {"key": "distribution-dates", "type": "definition", "offset": [611, 629]}, {"key": "with-interest", "type": "definition", "offset": [657, 670]}, {"key": "certificates-for-the", "type": "clause", "offset": [746, 766]}, {"key": "most-recently-ended", "type": "definition", "offset": 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maximum per annum Pass-Through Rate of 11.50%).", "samples": [{"hash": "har5KRDEDPk", "uri": "/contracts/har5KRDEDPk#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-3ar)", "score": 18.0, "published": true}, {"hash": "euXbtEbYoF9", "uri": "/contracts/euXbtEbYoF9#net-wac-shortfall", "label": "Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar)", "score": 18.0, "published": true}], "hash": "49b5afe0695d4f68de633b090b9d1a8c", "id": 8}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "payment-date", "type": "definition", "offset": [20, 32]}, {"key": "class-of-notes", "type": "definition", "offset": [41, 55]}, {"key": "note-interest-rate", "type": "definition", "offset": [88, 106]}, {"key": "based-on", "type": "clause", "offset": [110, 118]}, {"key": "the-applicable", "type": "clause", "offset": [119, 133]}, {"key": "net-wac-rate", "type": "definition", "offset": [134, 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the Note Interest Rate applicable to such Class for such date, determined without regard to the Net WAC Rate for such date but subject to a cap equal to the Weighted Average Cap Strike Rate over (ii) the sum of interest calculated at the Net WAC Rate for such Payment Date and any amount allocated to such Class under the Yield Maintenance Agreements.", "samples": [{"hash": "aN0nSQ8xIaA", "uri": "/contracts/aN0nSQ8xIaA#net-wac-shortfall", "label": "Sale and Servicing Agreement (Greenwich Capital Acceptance Thornburg Sec Tr 2003-4)", "score": 19.0, "published": true}, {"hash": "k4c46cfVtDA", "uri": "/contracts/k4c46cfVtDA#net-wac-shortfall", "label": "Sale and Servicing Agreement (Thornburg Mortgage Inc)", "score": 18.0, "published": true}], "hash": "c8ff517cb6f09c287f786e134cabad98", "id": 9}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "libor-certificates", "type": "definition", "offset": [29, 47]}, {"key": "distribution-date", "type": "definition", "offset": [55, 72]}, {"key": "class-of-certificates", "type": "definition", "offset": [113, 134]}, {"key": "the-excess", "type": "clause", "offset": [136, 146]}, {"key": "accrued-certificate-interest", "type": "definition", "offset": [175, 203]}, {"key": "definition-of", "type": "clause", "offset": [296, 309]}, {"key": "through-rate", "type": "clause", "offset": [315, 327]}, {"key": "net-wac-rate", "type": "definition", "offset": [427, 439]}], "size": 2, "snippet": "With respect to any Class of LIBOR Certificates on any Distribution Date, as determined separately for each such Class of certificates, the excess, if any, of (x) the related Accrued Certificate Interest thereon for such Distribution Date calculated without regard to clause (iii) of the related definition of Pass-Through Rate over (y) Accrued Certificate Interest thereon for such Distribution Date calculated at the related Net WAC Rate.", "samples": [{"hash": "cmlw6rpkZwT", "uri": 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such written direction, all funds in the <strong>Net WAC Shortfall</strong> Reserve Fund shall remain uninvested.", "The Trustee on behalf of the Trust shall be the nominal owner of the <strong>Net WAC Shortfall</strong> Reserve Fund.", "All amounts earned on amounts on deposit in the <strong>Net WAC Shortfall</strong> Reserve Fund shall be taxable to the Holders of the Class C Certificates.", "Amounts held in the <strong>Net WAC Shortfall</strong> Reserve Fund from time to time shall continue to constitute assets of the Trust Fund, but not of the REMICs, until released from the <strong>Net WAC Shortfall</strong> Reserve Fund pursuant to this Section 4.", "In addition, on the Closing Date, the Company shall deposit into the <strong>Net WAC Shortfall</strong> Reserve Fund an amount equal to the <strong>Net WAC Shortfall</strong> Reserve Fund Deposit.", "Any payments to the Holders of the Class A, Class M and Class B Certificates in respect of <strong>Net WAC Shortfall</strong> Amounts pursuant to the second preceding sentence shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Code Section 860G(a)(1).", "Amounts in the <strong>Net WAC Shortfall</strong> Reserve Fund shall, at the written direction of the Holders of the Class C Certificates be invested in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date.", "In addition, pursuant to such notional principal contract, the Holder of the Class C Certificates shall be treated as having agreed to pay <strong>Net WAC Shortfall</strong> Amounts to the Holders of the Certificates (other than the Class C, Class P and Class R Certificates) in accordance with the terms of this Agreement."], "related": [["available-funds-shortfall", "Available Funds Shortfall", "Available Funds Shortfall"], ["available-funds-shortfall-amount", "Available Funds Shortfall Amount", "Available Funds Shortfall Amount"], ["class-a-p-collection-shortfall", "Class A-P Collection Shortfall", "Class A-P Collection Shortfall"], ["finance-charge-shortfall", "Finance Charge Shortfall", "Finance Charge Shortfall"], ["collateral-shortfall-amount", "Collateral Shortfall Amount", "Collateral Shortfall Amount"]], "related_snippets": [], "updated": "2025-07-07T00:16:48+00:00"}, "json": true, "cursor": ""}}