Definition of Pool Cap


Pool Cap means two percent (2%).
Sample 1

Examples of Pool Cap in a sentence

The Certificate Interest Rate for this Certificate for each Distribution Date will be the lesser of (i) the Pass-Through Rate thereon and (ii) the Pool Cap.
For federal income tax purposes, each application of the Pool Cap shall be an application of the Upper-Tier II REMIC Net WAC Cap for purposes of calculating the Cap Carryover Amount.
Interest will accrue on the Class M-1 Certificates during each Interest Accrual Period at a rate equal to the lesser of: (i) the Class M-1 Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.
Interest will accrue on the Class B-1 Certificates during each Interest Accrual Period at a rate equal to the lesser of: (i) the Class B-1 Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.
Interest will accrue on the Class B-2 Certificates during each Interest Accrual Period at a rate equal to the lesser of: (i) the Class B-2 Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.