Weighted Average Net Mortgage Pass-Through Rate. With respect to any Distribution Date, the rate per annum equal to the weighted average, expressed as a percentage and rounded to six decimal places, of the respective Net Mortgage Pass-Through Rates applicable to the Trust Mortgage Loans and any Trust REO Loans for such Distribution Date, weighted on the basis of their respective Stated Principal Balances immediately following the preceding Distribution Date (or, in the case of the initial Distribution Date, as of the Closing Date).
Weighted Average Net Mortgage Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to the fraction (expressed as a percentage) the numerator of which is the sum of the products of (i) the Net Mortgage Pass-Through Rate of each Mortgage Loan and (ii) the Stated Principal Balance of each Mortgage Loan and the denominator of which is the sum of the Stated Principal Balances of each Mortgage Loan, as of the Due Date occurring in the month preceding the month in which such Distribution Date occurs.
Weighted Average Net Mortgage Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to the fraction (expressed as a percentage) the numerator of which is the sum of the products for each Mortgage Loan other than the Comsat Junior Loan and the SC Junior Portion of the Sxxx Centers Retail Pool Loan of (i) the Net Mortgage Pass-Through Rate for such Mortgage Loan and (ii) the Stated Principal Balance of such Mortgage Loan and the denominator of which is the sum of the Stated Principal Balances of all such Mortgage Loans, as of their respective Due Date preceding the prior Distribution Date.
Examples of Weighted Average Net Mortgage Pass-Through Rate in a sentence
The rate of interest for each Class of Lower-Tier Regular Interests is a per annum rate equal to the Weighted Average Net Mortgage Pass-Through Rate.
The interest rate for each Class of Lower-Tier Regular Interests is a per annum rate equal to the Weighted Average Net Mortgage Pass-Through Rate.
The pass-through rate of the Class A Certificates will be subject to a pass-through rate cap equal to the Weighted Average Net Mortgage Pass-Through Rate (as defined in the Offering Documents) minus the Guarantee Fee Rate (as defined in the Offering Documents).
The interest rate for each Class of Lower-Tier Regular Interests (other than the Class A-8Z-L Interest and the Class B-3SC-L Interest) is a per annum rate equal to the Weighted Average Net Mortgage Pass-Through Rate.
With respect to each Class of Lower-Tier Regular Interests, the Weighted Average Net Mortgage Pass-Through Rate.
More Definitions of Weighted Average Net Mortgage Pass-Through Rate
Weighted Average Net Mortgage Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to a fraction (expressed as a percentage) the numerator of which is the sum of the products of (i) the Net Mortgage Pass-Through Rate and (ii) the Stated Principal Balance of each Mortgage Loan and the denominator of which is the sum of the Stated Principal Balances of each Mortgage Loan as of the Due Date occurring in the month preceding the month in which such Distribution Date occurs or, with respect to any Distribution Date occurring after a Special Distribution Date and any Class that received a distribution on such Special Distribution Date, as of the last day of the related Interest Accrual Period.
Weighted Average Net Mortgage Pass-Through Rate. With respect to any Distribution Date, the rate per annum equal to the weighted average, expressed as a percentage and rounded to six decimal places, of the respective Net Mortgage Pass-Through Rates applicable to the Trust Mortgage Loans and any Trust REO Loans for such Distribution Date (without regard to the Additional Interest distributable to, and excluding amounts payable to, the Class Y or Class Z Certificates), weighted on the basis of their respective Stated Principal Balances immediately following the preceding Distribution Date (or, in the case of the initial Distribution Date, as of the Closing Date).
Weighted Average Net Mortgage Pass-Through Rate. As to any Distribution Date, the weighted average of the Net Mortgage Pass-Through Rates of all the Trust Mortgage Loans and REO Mortgage Loans in the Mortgage Pool, weighted based on their respective Stated Principal Balances immediately prior to such Distribution Date.
Weighted Average Net Mortgage Pass-Through Rate means, for each distribution date, the weighted average of the respective Net Mortgage Pass-Through Rates with respect to all of the mortgage loans in the issuing entity for that distribution date, weighted on the basis of their respective Stated Principal Balances immediately prior to that distribution date.
Weighted Average Net Mortgage Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to the fraction (expressed as a percentage), the numerator of which is the sum of the products obtained by multiplying for each Mortgage Loan, (i) the Net Mortgage Pass-Through Rate for such Mortgage Loan and (ii) the Stated Principal Balance of such Mortgage Loan as of the day immediately preceding such Distribution Date, and the denominator of which is the sum of the Stated Principal Balances of all such Mortgage Loans immediately preceding such Distribution Date; provided, that in the case of the Geneva Crossing Loan and the Xxxxx X. Xxxxxx Loan, "Mortgage Loan" shall refer to the related Loan REMIC Regular Interest.
Weighted Average Net Mortgage Pass-Through Rate. With respect to any Distribution Date (and with respect to the Villas Parkmerced Mortgage Loan, only with respect to the Villas Parkmerced Pooled Trust Component), a per annum rate equal to the fraction (expressed as a percentage) the numerator of which is the sum for all Mortgage Loans (excluding the Villas Parkmerced Non-Pooled Trust Component) of the product of (i) the Net Mortgage Pass-Through Rate for each such Mortgage Loan (excluding the Villas Parkmerced Non-Pooled Trust Component) as of the immediately preceding Distribution Date and (ii) the Stated Principal Balance of each such Mortgage Loan (excluding the Villas Parkmerced Non-Pooled Trust Component) and the denominator of which is the sum of the Stated Principal Balances of all such Mortgage Loans (excluding the Villas Parkmerced Non-Pooled Trust Component) as of the immediately preceding Distribution Date.
Weighted Average Net Mortgage Pass-Through Rate. With respect to any Distribution Date, the rate per annum equal to the weighted average, expressed as a percentage and rounded to six decimal places, of the respective Net Mortgage Pass-Through Rates applicable to the Trust Mortgage Loans and any Trust REO Loans for such Distribution Date, weighted on the basis of their respective Stated Principal Balances immediately following the preceding Distribution Date (or, in the case of the initial Distribution Date, as of the Closing Date). For purposes of calculating Pass-Through Rates with respect to any Distribution Date for federal income tax purposes, such rate shall be the rate per annum equal to the weighted average, expressed as a percentage and rounded to six decimal places, of the respective REMIC I Remittance Rates applicable to the REMIC I Regular Interests, weighted on the basis of their respective REMIC I Principal Balances immediately preceding such Distribution Date (or, in the case of the initial Distribution Date, as of the Closing Date).