Weighted Average Available Funds Cap definition

Weighted Average Available Funds Cap. With respect to a Distribution Date, the per annum rate equal to the weighted average of the Class A-1 Available Funds Cap and the Class A-2 Available Funds Cap (weighted in proportion to the results of subtracting from the aggregate Stated Principal Balance of each Mortgage Group, the current Certificate Principal Balance of the Class A-1 and Class R Certificates, in the case of Group One, or the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, in the case of Group Two).

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Weighted Average Available Funds Cap. With respect to a Distribution Date, the per annum rate equal to the weighted average of the Class A-1 Available Funds Cap and the Class A-2 Available Funds Cap (weighted in proportion to the results of subtracting from the aggregate stated principal balance of each mortgage group, the current certificate principal balance of the class A-1 and class R certificates, in the case of group one, or the class A-2 certificates, in the case of group two) and, only with respect to the Class B-1, Class B-2 and Class B-3 Certificates, multiplied by the actual number of days in the accrual period divided by 30.

Weighted Average Available Funds Cap. With respect to a Distribution Date, the per annum rate equal to the weighted average of the Class A-1 Available Funds Cap and the Class A-2 Available Funds Cap, as calculated with respect to the Class A-2A Certificates, (weighted in proportion to the results of subtracting from the aggregate Stated Principal Balance of each Mortgage Group, the current Certificate Principal Balance of the Class A-1 and Class R Certificates, in the case of Group One, or the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, in the case of Group Two) and, only with respect to the Class B-2 Certificates, multiplied by the actual number of days in the Accrual Period divided by 30.

Examples of Weighted Average Available Funds Cap in a sentence

For federal income tax purposes, the pass-through rate on the REMIC regular interest represented by the Class B-3 Certificates shall be subject to a cap equal to the Weighted Average Available Funds Cap.
For federal income tax purposes, the pass-through rate on the REMIC regular interest represented by the Class B-2 Certificates shall be subject to a cap equal to the Weighted Average Available Funds Cap.
For federal income tax purposes, the pass-through rate on the REMIC regular interest represented by the Class B-1 Certificates shall be subject to a cap equal to the Weighted Average Available Funds Cap.
For federal income tax purposes, the pass-through rate on the REMIC regular interest represented by the Class M-3 Certificates shall be subject to a cap equal to the Weighted Average Available Funds Cap.
For federal income tax purposes, the pass-through rate on the REMIC regular interest represented by the Class M-2 Certificates shall be subject to a cap equal to the Weighted Average Available Funds Cap.
Available Funds Cap: Any of the Class A-1 Available Funds Cap, the Class A-2 Available Funds Cap or the Weighted Average Available Funds Cap.
For federal income tax purposes, the pass-through rate on the -61- REMIC regular interest represented by the Class M-6 Certificates shall be subject to a cap equal to the Weighted Average Available Funds Cap.
For federal income tax purposes, the pass-through rate on the REMIC regular interest represented by the Class M-4 Certificates shall be subject to a cap equal to the Weighted Average Available Funds Cap.
For federal income tax purposes, the pass-through rate on the REMIC regular interest represented by the Class M-5 Certificates shall be subject to a cap equal to the Weighted Average Available Funds Cap.

More Definitions of Weighted Average Available Funds Cap

Weighted Average Available Funds Cap. With respect to a Distribution Date, the per annum rate equal to the weighted average (weighted in proportion to the results of subtracting from the aggregate Stated Principal Balance of each Loan Group as of the immediately preceding Distribution Date (or, in the case of the first Distribution Date, as of the Cut-off Date), the current Certificate Principal Balance of the Class A-1 and Class R Certificates, in the case of Group One, the Class A-2 Certificates, in the case of Group Two or the Class A-3 Certificates in the case of Group Three) of the Group One Net WAC Cap, the Group Two Available Funds Cap and the Group Three Available Funds Cap; provided that for purposes of calculating the Weighted Average Available Funds Cap, the Group One Net WAC Cap shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period.

Weighted Average Available Funds Cap. With respect to a Distribution Date, the per annum rate equal to the weighted average of the Class A-1 Available Funds Cap, the Class A-2 Available Funds Cap and the Class A-3 Available Funds Cap (weighted in proportion to the results of subtracting from the aggregate Stated Principal Balance of the related Loan Group, the current Class Certificate Balance of the Class A-1 and Class R certificates, in the case of Loan Group 1, the Class A-2A and Class A-2B certificates, in the case of Loan Group 2 or the Class A-3A, Class A-3B, Class A-3C and Class A-3D Certificates, in the case of Loan Group 3).