Examples of WAC Cap in a sentence
To the extent a class of Rated Notes becomes subject to the Net WAC Cap, the corresponding shortfall will be deferred and non-payment of such amounts shall not be deemed an Event of Default under any circumstances.
To the extent that the amount of interest payable on a Class of Rated Notes (other than the Class A Notes) as calculated under paragraph (b) of the definition of "Rate of Interest" exceeds the amount calculated by reference to the Net WAC Cap, such Net WAC Additional Amounts may be deferred.
It is not necessary for us to come to a final view on whether detrimental reliance is an essential element of the doctrine of substantive legitimate expectations.
As a matter of practice, the Tribe shall retain all original Bid Bonds furnished and submitted with Proposal Forms, and will not be returned to the respective Bidder/Contractor.
Interest Shortfall: For the purposes of calculating the Expected Interest Amount, and notwithstanding any other provision herein, the Reference Obligation Coupon shall be deemed to include any cap stated in the Underlying Instrument that is not a Limitation Provision and, where WAC Cap Interest Provision is specified as not applicable in the relevant Confirmation, is not a WAC Cap.