Subordinate Net WAC Cap. With respect to any Distribution Date and for each Class of Subordinate Certificates, the per annum rate equal to the weighted average of (i) the product of (a) the Group I Net WAC Cap and (b) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Interest Period and (ii) the Group II Net WAC Cap, weighted on the basis of the related Group Subordinate Amount for such Distribution Date.
Subordinate Net WAC Cap. With respect to the Subordinate Certificates and any Distribution Date, the product of (i) the Subordinate Net WAC for such Distribution Date multiplied by (ii) the quotient of 30 divided by the actual number of days in the Accrual Period.
Subordinate Net WAC Cap. For any Distribution Date and the Subordinate Certificates, the weighted average of the Net Loan Rates of the Group 1 and Group 2 Mortgage Loans, weighted on the basis of the related Group Subordinate Amounts, multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related interest Accrual Period for such Certificates.
Examples of Subordinate Net WAC Cap in a sentence
We adopt the Armington assumption that goods produced in different regions are qualitatively distinct for all commodities.
The Group I Net WAC Cap, Group II Net WAC Cap, and Subordinate Net WAC Cap are calculated using the above noted assumptions.
Any of the Fixed Rate Net WAC Cap, the Variable Rate Net WAC Cap or the Subordinate Net WAC Cap, as applicable.
Net Maximum Rate Cap: The “Net Maximum Rate Cap” for the Subordinate Certificates is equal to the Subordinate Net WAC Cap, computed for this purpose only, by assuming each mortgage loan accrued interest at its Net Maximum Rate.
Purchaser acknowledges that it will have the opportunity to inspect the Property and Assets during the Inspection Period, and during such period, observe its physical characteristics and existing conditions and the opportunity to conduct such investigation and study on and of the Property and adjacent areas as Purchaser deems necessary.
More Definitions of Subordinate Net WAC Cap
Subordinate Net WAC Cap. With respect to (i) the Class M Certificates as of any Distribution Date, the weighted average of the Group 1 Net WAC Cap and the Group 2 Net WAC Cap (expressed on the basis of an assumed 360-day year and the actual number of days elapsed during the related Interest Accrual Period) weighted on the basis of the Group Subordinate Amount for the Group 1 Mortgage Loans and the Group 2 Mortgage Loans and (ii) Class B Certificates as of any Distribution Date, the weighted average of the Group 1 Net WAC Cap and the Group 2 Net WAC Cap (expressed on the basis of an assumed 360-day year consisting of twelve 30-day months) weighted on the basis of the Group Subordinate Amount for the Group 1 Mortgage Loans and Group 2 Mortgage Loans, respectively.
Subordinate Net WAC Cap. With respect to any Distribution Date, the weighted average of the Group 1 Net WAC Cap and the Group 2 Net WAC Cap, weighted in each case based on the applicable Group Subordinate Amount for such Distribution Date.
Subordinate Net WAC Cap. With respect to the Subordinate Certificates and any Distribution Date, the weighted average of the Group 1 Net WAC Cap, the Group 2 Net WAC Cap and the Group 3 Net WAC Cap; provided, that the Group 1 Net WAC Cap is computed without regard to the adjustments applicable to the Class 1-A1B Certificates, weighted on the basis of the Subordinate Component for each Loan Group.
Subordinate Net WAC Cap. For any Distribution Date and (x) with respect to the Class M Certificates and the Adjustable Rate Class B Certificates will be a per annum rate equal to the weighted average (weighted in proportion to the results of subtracting from the aggregate Principal Balance of each Loan Group, the current Certificate Principal Balance of the Class A-1 Certificates, in the case of Loan Group I, or the Class A-2 Certificates, in the case of Loan Group II) of (i) the Class A-1 Net WAC Cap and (ii) the Class A-2 Net WAC Cap multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Interest Accrual Period and (y) with respect to the Class B-4 and Class B-5 Certificates will be a per annum rate equal to the weighted average (weighted in proportion to the results of subtracting from the aggregate Principal Balance of each Loan Group, the current Certificate Principal Balance of the Class A-1 Certificates, in the case of Loan Group I, or the Class A-2 Certificates, in the case of Loan Group II) of (i) the Class A-1 Net WAC Cap multiplied by a fraction, the numerator of which is the actual number of days in the related Interest Accrual Period and the denominator of which is 30 and (ii) the Class A-2 Net WAC Cap.
Subordinate Net WAC Cap. With respect to (i) the Class M, Class B-1, Class B-2 and Class B-3 Certificates as of any Distribution Date, a per annum rate equal to the product of (A) the weighted average of the Group I Net WAC Cap and the Group II Net WAC Cap, weighted on the basis of the Group Subordinate Amount for Group I and the Group Subordinate Amount for Group II, respectively and (B) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Interest Accrual Period and (ii) the Class B-4 and Class B-5 Certificates as of any Distribution Date, a per annum rate equal to the weighted average of the Group I Net WAC Cap and the Group II Net WAC Cap, weighted on the basis of the Group Subordinate Amount for Group I and the Group Subordinate Amount for Group II, respectively.
Subordinate Net WAC Cap. With respect to each Class of Subordinate LIBOR Certificates and any Distribution Date, the weighted average of the Net WACs for both Loan Groups as of such Distribution Date, with each such Net WAC being weighted on the basis of the related Subordinated Loan Group Balances as of such Distribution Date.
Subordinate Net WAC Cap. With respect to any Distribution Date, the per annum rate, adjusted to reflect the length of the related Accrual Period, equal to the weighted average of the Group One Available Funds Cap, the Group Two Available Funds Cap and the Group Three Net WAC Cap, in each case weighted based on the related Group Subordinate Amount.