REMIC II Net WAC Rate. With respect to any Distribution Date, a per annum rate equal to the weighted average of (x) with respect to REMIC I Regular Interests ending with the designation "B," the weighted average of the Uncertificated REMIC I Pass-Through Rates for such REMIC I Regular Interests, weighted on the basis of the Uncertificated Principal Balance of such REMIC I Regular Interests for each such Distribution Date, (y) with respect to REMIC I Regular Interest A-I, the Uncertificated REMIC I Pass-Through Rate for such REMIC I Regular Interest, and (z) with respect to REMIC I Regular Interests ending with the designation "A," for each Distribution Date listed below, the weighted average of the rates listed below for each such REMIC I Regular Interest listed below, weighted on the basis of the Uncertificated Principal Balance of each such REMIC I Regular Interest for each such Distribution Date: DISTRIBUTION DATE REMIC I REGULAR INTEREST RATE
REMIC II Net WAC Rate. With respect to any Distribution Date, a per annum rate equal to the weighted average of the related Uncertificated REMIC II Pass-Through Rates on the REMIC II Regular Interests (other than REMIC II Regular Interest MT-IO), weighted on the basis of the respective Uncertificated Principal Balances thereof immediately preceding such Distribution Date.
REMIC II Net WAC Rate. With respect to any Distribution Date, a per annum rate equal to the weighted average of (x) the Uncertificated REMIC I Pass-Through Rate for REMIC I Regular Interest I-1-B, (y) the Uncertificated REMIC I Pass-Through Rate for REMIC I Regular Interest A-I, and (z) with respect to REMIC I Regular Interest I-1-A, two (2) multiplied by Swap LIBOR, subject to a maximum rate equal to its Uncertificated REMIC I Pass-Through Rate, weighted on the basis of the Uncertificated Principal Balance of each such REMIC I Regular Interest for such Distribution Date.
Examples of REMIC II Net WAC Rate in a sentence
REMIC II Net WAC Rate: With respect to any Distribution Date, a per annum rate equal to the weighted average of the related Uncertificated REMIC II Pass-Through Rates on the REMIC II Regular Interests (other than REMIC II Regular Interest MT-IO), weighted on the basis of the respective Uncertificated Principal Balances thereof immediately preceding such Distribution Date.
Group II REMIC II Net WAC Rate: With respect to any Distribution Date, a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group II Loans reduced by the REMIC II Net WAC Rate.
Group I REMIC II Net WAC Rate: With respect to any Distribution Date, a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group I Loans reduced by the REMIC II Net WAC Rate.
More Definitions of REMIC II Net WAC Rate
REMIC II Net WAC Rate. With respect to any Distribution Date, a per annum rate equal to the excess, if any, of the Uncertificated REMIC I Pass-Through Rate for REMIC I Regular Interest A-I over the weighted average of (v) with respect to REMIC I Regular Interests ending with the designation "B," the weighted average of the Uncertificated REMIC I Pass-Through Rates for such REMIC I Regular Interests, weighted on the basis of the Uncertificated Principal Balance of such REMIC I Regular Interests for each such Distribution Date, (w) with respect to REMIC I Regular Interest A-I, the Uncertificated REMIC I Pass-Through Rate for such REMIC I Regular Interest, (x) with respect to REMIC I Regular Interest I, the Uncertificated REMIC I Pass-Through Rate for such REMIC I Regular Interest, (y) with respect to REMIC I Regular Interest II, the Uncertificated REMIC I Pass-Through Rate for such REMIC I Regular Interest, and (z) with respect to REMIC I Regular Interests ending with the designation "A," for each Distribution Date listed below, the weighted average of the rates listed below for each such REMIC I Regular Interest listed below, weighted on the basis of the Uncertificated Principal Balance of each such REMIC I Regular Interest for each such Distribution Date:
REMIC II Net WAC Rate. For each Distribution Date, the weighted average of (a) the Certificate Interest Rate on each REMIC I Regular Interest beginning with the class designation “LTB”, (b) the Certificate Interest Rate on the Class LT-A-I Regular Interest and (c) the rate listed below for such Distribution Date for each REMIC I Regular Interest beginning with the class designation “LTA”, in each case, weighted according to Class Principal Balance: Distribution Date REMIC I Regular Interest Rate 2 Class LTA2 through Class LTA80 Class LTA1 (1) (2) 3 Class LTA3 through Class LTA80 Class LTA1 and Class LTA2 (1) (2) 4 Class LTA4 through Class LTA80 Class LTA1 through Class LTA3 (1) (2) 5 Class LTA5 through Class LTA80 Class LTA1 through Class LTA4 (1) (2) 6 Class LTA6 through Class LTA80 Class LTA1 through Class LTA5 (1) (2) 7 Class LTA7 through Class LTA80 Class LTA1 through Class LTA6 (1) (2) 8 Class LTA8 through Class LTA80 Class LTA1 through Class LTA7 (1) (2) 9 Class LTA9 through Class LTA80 Class LTA1 through Class LTA8 (1) (2) 10 Class LTA10 through Class LTA80 Class LTA1 through Class LTA9 (1) (2) 11 Class LTA11 through Class LTA80 Class LTA1 through Class LTA10 (1) (2) 12 Class LTA12 through Class LTA80 Class LTA1 through Class LTA11 (1) (2) 13 Class LTA13 through Class LTA80 Class LTA1 through Class LTA12 (1) (2) 14 Class LTA14 through Class LTA80 Class LTA1 through Class LTA13 (1) (2) 15 Class LTA15 through Class LTA80 Class LTA1 through Class LTA14 (1) (2) 16 Class LTA16 through Class LTA80 Class LTA1 through Class LTA15 (1) (2) 17 Class LTA17 through Class LTA80 Class LTA1 through Class LTA16 (1) (2) 18 Class LTA18 through Class LTA80 Class LTA1 through Class LTA17 (1) (2) 19 Class LTA19 through Class LTA80 Class LTA1 through Class LTA18 (1) (2) 20 Class LTA20 through Class LTA80 Class LTA1 through Class LTA19 (1) (2) 21 Class LTA21 through Class LTA80 Class LTA1 through Class LTA20 (1) (2) 22 Class LTA22 through Class LTA80 Class LTA1 through Class LTA21 (1) (2) 24 Class LTA24 through Class LTA80 Class LTA1 through Class LTA23 (1) (2) 25 Class LTA25 through Class LTA80 Class LTA1 through Class LTA24 (1) (2) 26 Class LTA26 through Class LTA80 Class LTA1 through Class LTA25 (1) (2) 27 Class LTA27 through Class LTA80 Class LTA1 through Class LTA26 (1) (2) 28 Class LTA28 through Class LTA80 Class LTA1 through Class LTA27 (1) (2) 29 Class LTA29 through Class LTA80 Class LTA1 through Class LTA28 (1) (2) 30 Class LTA30 through Class LTA80 Class LTA1 through Class LTA29 (1) (2...