REMIC 2 Interest Loss Allocation Amount definition
REMIC 2 Interest Loss Allocation Amount. With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA minus the Marker Rate, divided by (b) 12.
REMIC 2 Interest Loss Allocation Amount. With respect to any Distribution Date, an amount (subject to adjustment based on the actual number of days elapsed in the respective Accrual Period) equal to (a) the sum of (x) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and the REO Properties then outstanding, minus the Certificate Principal Balance of the Class P Certificates, and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest AA minus the Marker Rate, and (y) the accrued interest on REMIC 2 Regular Interest P, divided by (b) 12.
REMIC 2 Interest Loss Allocation Amount. With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LT2A minus two (2) times the weighted average of the Uncertificated REMIC 3 Pass-Through Rates for REMIC 3 Regular Interest LT3B, REMIC 3 Regular Interest LT3C, REMIC 3 Regular Interest LT3D, REMIC 3 Regular Interest LT3E and REMIC 3 Regular Interest LT3F, with the rate on REMIC 3 Regular Interest LT3F subject to a cap of zero for purposes of this calculation, divided by (b) 12.