Weighted Average Maximum Rate Cap definition
Weighted Average Maximum Rate 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 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) of the Class A-1 Maximum Rate Cap and the Class A-2 Maximum Rate Cap.
Weighted Average Maximum Rate 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 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) of the Class A-1 Maximum Rate Cap and the Class A-2 Maximum Rate Cap, 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 Maximum Rate 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 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) of the Class A-1 Maximum Rate Cap and the Class A-2 Maximum Rate Cap, as calculated with respect to the Class A-2A Certificates, and, only with respect to the Class B-2 Certificates, multiplied by the actual number of days in the Accrual Period divided by 30.
More Definitions of Weighted Average Maximum Rate Cap
Weighted Average Maximum Rate 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
Weighted Average Maximum Rate Cap. With respect to any 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 Maximum Rate Cap and the Group Three Maximum Rate Cap; provided that for purposes of calculating the Weighted Average Maximum Rate 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. The Weighted Average Maximum Rate Cap shall relate only to the Subordinate Certificates.
Weighted Average Maximum Rate 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 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, 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) of the Class A-1 Maximum Rate Cap, the Class A-2 Maximum Rate Cap and the Class A-3 Maximum Rate Cap.