Subordinate Adjusted Cap Rate. With respect to any Distribution Date and any Class of the Subordinate Certificates, the weighted average of the Group 1 Adjusted Cap Rate and the Group 2 Adjusted Cap Rate for that Distribution Date, weighted in each case based on the applicable Subordinate Component for the related Loan Group.
Subordinate Adjusted Cap Rate. For any Distribution Date and the Subordinate Certificates, the Net WAC cap for such distribution date, computed for this purposes by (a) first reducing the Net WAC for Loan Group 1 by a per annum rate equal to the product of (i) the Net Deferred Interest for Loan Group 1 for that Distribution Date multiplied by (ii) 12, divided by the Pool Balance for Loan Group 1 for such Distribution Date, and (b) by first reducing the Net WAC for Loan Group 2 by a per annum rate equal to the product of (i) the Net Deferred Interest for Loan Group 2 for that Distribution Date multiplied by (ii) 12, divided by the Pool Balance for Loan Group 2 for such Distribution Date.
Subordinate Adjusted Cap Rate. For any Distribution Date and the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8, Class B-9, Class B-10, Class B-11 and Class B-12 Certificates, the weighted average of the Group 1 Adjusted Cap Rate and the Group 2 Adjusted Cap Rate (computed for this purpose without regard to the adjustment applicable to the Class 1-A1B and Class 2-A1C1 Certificates), weighted on the basis of the Group Subordinate Amount for Loan Group 1 and Loan Group 2.
More Definitions of Subordinate Adjusted Cap Rate
Subordinate Adjusted Cap Rate. With respect to any Distribution Date and the Subordinate Certificates, shall equal the Subordinate Net WAC Cap, computed for this purpose by first reducing the weighted average of the Net Loan Rates of the Mortgage Loans by a per annum rate equal to (i) the product of (a) the Net Deferred Interest, if any, on the Mortgage Loans for that Distribution Date and (b) 12, divided by (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the first day of the month before such Distribution Date (or, in the case of the first Distribution Date, as of the Cut-Off Date).
Subordinate Adjusted Cap Rate. With respect to any Distribution Date and the Subordinate Certificates, shall equal the Subordinate Net WAC Cap, computed for this purpose by first reducing (A) the weighted average of the net loan rates of the Group 1 Mortgage Loans by a per annum rate equal to (i) the product of the Net Deferred Interest, if any, on the Group 1 Mortgage Loans for that Distribution Date and (b) 12, divided by (ii) the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the first day of the month before such Distribution Date (or, in the case of the first Distribution Date, as of the Cut-Off Date) and (B) the weighted average of the net loan rates of the Group 2 Mortgage Loans by a per annum rate equal to (i) the product of the Net Deferred Interest, if any, on the Group 2 Mortgage Loans for that Distribution Date and (b) 12, divided by (ii) the aggregate Stated Principal Balance of the Group 2 Mortgage Loans as of the first day of the month before such Distribution Date (or, in the case of the first Distribution Date, as of the Cut-Off Date).
Subordinate Adjusted Cap Rate. With respect to any Distribution Date and the Subordinate Certificates, shall equal the Subordinate Net WAC Cap, computed for this purpose by first reducing (A) the weighted average of the net loan rates of the Group 1 Mortgage Loans by a per annum rate equal to (i) the product of the Net Deferred Interest, if any, on the Group 1 Mortgage Loans for that Distribution Date and (b) 12, divided by (ii) the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the first day of the month before such Distribution Date (or, in the case of the first Distribution Date, as of the Cut-Off Date), (B) the weighted average of the net loan rates of the Group 2 Mortgage Loans by a per annum rate equal to (i) the product of the Net Deferred Interest, if any, on the Group 2 Mortgage Loans for that Distribution Date and (b) 12, divided by (ii) the aggregate Stated Principal Balance of the Group 2 Mortgage Loans as of the first day of the month before such Distribution Date (or, in the case of the first Distribution Date, as of the Cut-Off Date) and (C) the weighted average of the net loan rates of the Group 3 Mortgage Loans by a per annum rate equal to (i) the product of the Net Deferred Interest, if any, on the Group 3 Mortgage Loans for that Distribution Date and (b) 12, divided by (ii) the aggregate Stated Principal Balance of the Group 3 Mortgage Loans as of the first day of the month before such Distribution Date (or, in the case of the first Distribution Date, as of the Cut-Off Date).
Subordinate Adjusted Cap Rate. With respect to any Distribution Date and the Subordinate Certificates, shall equal the Subordinate Net WAC, computed for this purpose by substituting the Group 1 Adjusted Cap Rate and the Group 2 Adjusted Cap Rate for the Net WAC of the Group 1 Mortgage Loans and the Net WAC of the Group 2 Mortgage Loans, respectively.
Subordinate Adjusted Cap Rate. For any Distribution Date and the Subordinate Certificates, the Net WAC cap for such Distribution Date, computed for this purposes by first reducing the Net WAC by a per annum rate equal to the product of (i) the Net Deferred Interest for that Distribution Date multiplied by (ii) 12, divided by the Pool Balance for such Distribution Date.
Subordinate Adjusted Cap Rate. With respect to any Distribution Date and the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 and Class B-9 Certificates, the weighted average of the Group 1 Adjusted Cap Rate, the Group 2 Adjusted Cap Rate, the Group 3 Adjusted Cap Rate and the Group 4 Adjusted Cap Rate (computed for this purpose without regard to the adjustment applicable to the Insured Certificates, provided, with respect to the Group 4 Adjusted Cap Rate, such rate multiplied by the quotient of 30 divided by the actual number of days in the accrual period), weighted on the basis of the Subordinate Components for Loan Group 1, Loan Group 2, Loan Group 3 and Loan Group 4.
Subordinate Adjusted Cap Rate. With respect to any Distribution Date and the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8, Class B-9, Class B-10, Class B-11 and Class B-12 Certificates, the weighted average of the Group 1A1 Adjusted Cap Rate, the Group 1A2 Adjusted Rate Cap, the Group 2 Adjusted Rate Cap and the Group 3 Adjusted Cap Rate (computed for this purpose without regard to the adjustment applicable to the Insured Certificates), weighted on the basis of the Subordinate Components for Loan Group 1A1, Loan Group 1A2, Loan Group 2 and Loan Group 3.