Weighted Average Pass-Through Rate. For any Distribution Date, the weighted average of the Pass-Through Rates on the Mortgage Loans as of the second preceding Due Date (after giving effect to the payments due on the Mortgage Loans on that Due Date).
Weighted Average Pass-Through Rate. For any Distribution Date, the weighted average of the Pass-Through Rates on the Mortgage Loans as of the second preceding Due Date (after giving effect to the payments due on the Mortgage Loans on that Due Date), as determined for the accrual period for the related Class of Certificates. Withdrawal Date: Any day during the period commencing on the 18th day of the month of the related Distribution Date (or if such day is not a Business Day, the immediately preceding Business Day) and ending on the last Business Day prior to the 21st day of the month of such Distribution Date. The “related Due Date” for any Withdrawal Date is the Due Date immediately preceding the related Distribution Date.
Weighted Average Pass-Through Rate. With respect to any Distribution Date and Loan Group a rate equal to the weighted average of the Net Mortgage Rates on the Mortgage Loans in such Loan Group as of the second preceding Due Date (excluding any such Mortgage Loans that were subject to a Payoff, the principal of which was distributed on the Distribution Date preceding the current Distribution Date) after giving effect to payments due on such Due Date, whether or not received, weighted on the basis of the Stated Principal Balances as of such date. Xxxxx Fargo: Xxxxx Fargo Bank, X.X.
Examples of Weighted Average Pass-Through Rate in a sentence
For any Distribution Date, the product of (i) the Weighted Average Pass-Through Rate for such Distribution Date and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related No-Delay Accrual Period.
For any Distribution Date, the product of (i) the Loan Group 2 Weighted Average Pass-Through Rate for such Distribution Date and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related No-Delay Accrual Period.
For any Distribution Date, the product of (i) the Loan Group 1 Weighted Average Pass-Through Rate for such Distribution Date and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related No-Delay Accrual Period.
For any Distribution Date, the Adjusted Loan Group 1 Weighted Average Pass-Through Rate and Adjusted Loan Group 2 Weighted Average Pass-Through Rate, respectively, modified as follows: for purposes of calculating the Pass-Through Rate for each related Mortgage Loan, the Rate Ceiling for such Mortgage Loan will be substituted for the Mortgage Interest Rate for such Mortgage Loan.
For any Distribution Date, the product of (i) the Net Weighted Average Pass-Through Rate for such Distribution Date and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related No-Delay Accrual Period.
More Definitions of Weighted Average Pass-Through Rate
Weighted Average Pass-Through Rate. As to the Class A Certificates and any Payment Date, the weighted average of the Class A-1 Pass-Through Rate, the Class A-2 Pass-Through Rate, the Class A-3 Pass-Through Rate, the Class A-4 Pass-Through Rate, the Class A-5 Pass-Through Rate and the Class A-6 Pass-Through Rate, the Class A-7 Pass-Through Rate and the Class A-8 Pass-Through Rate weighted by, respectively, the Class A-1 Certificate Principal Balance, the Class A-2 Certificate Principal Balance, the Class A-3 Certificate Principal Balance, the Class A-4 Certificate Principal Balance, the Class A-5 Certificate Principal Balance, the Class A-6 Certificate Principal Balance, the Class A-7 Certificate Principal Balance and the Class A-8 Certificate Principal Balance as of such Payment Date prior to taking into account any distributions to be made on such Payment Date.
Weighted Average Pass-Through Rate means the weighted average (calculated on the basis of the outstanding principal amounts) of the Class A Pass-Through Rate and the Class B Pass- Through Rate.
Weighted Average Pass-Through Rate. As to the Class A Certificates and any Distribution Date, the weighted average of the Class A-1 Pass-Through Rate, Class A-2 Pass-Through Rate, Class A-3 Pass-Through Rate, Class A-4 Pass-Through Rate, Class A-5 Pass Through Rate and Class A-6 Pass Through Rate (such rate calculated for this purpose on the basis of a 360-day year assumed to consist of twelve 30 day months) weighted by the respective Certificate Principal Balances of the related Class, as of such Distribution Date prior to taking into account any distributions to be made on such Distribution Date.
Weighted Average Pass-Through Rate. With respect to any Interest Accrual Period, a fraction (expressed as a percentage), the numerator of which is the sum of (i) the sum of the products of (A) the Pass-Through Rate with respect to each class of Certificates having a Pass-Through Rate (other than the Class PS-1 and Class A-CS1 Certificates) and (B) the Certificate Balance of such Class as of the first day of such Interest Accrual Period and (ii) the product of (A) the Pass-Through Rate on the Class A-CS1 Certificates and (B) the Notional Balance of such class as of such date and the denominator of which is the sum of the Certificate Balances of each class included in clause (i)(A) above as of such date (provided in the case of clauses (i) and (ii), any reductions in Certificate Balance as a result of distributions or allocations of Realized Losses to such class, respectively, occurring in an Interest Accrual Period shall be deemed to have been made on the first day of such Interest Accrual Period).
Weighted Average Pass-Through Rate. With respect to any Distribution Date, the average of the pass-through rates of all outstanding GNMA Securities weighted on the basis of their Stated Principal Balances immediately following the preceding Distribution Date (or, in the case of the initial Distribution Date, weighted on the basis of their Issue Date Principal Balances).
Weighted Average Pass-Through Rate means the average of the Class A Pass Through Rate and Class B Pass Through Rate weighted on the basis of the Class A Certificate Balance and the Class B Certificate Balance as of the first day of the relevant Interest Period.
Weighted Average Pass-Through Rate. With respect to any Interest Accrual Period, a fraction (expressed as a percentage), the numerator of which is the sum of the products of (i) the Pass-Through Rate with respect to each Class of Certificates having a Pass-Through Rate (other than the Class PS-1 Certificates) and (ii) the Certificate Balance of such Class as of the first day of such Interest Accrual Period and the denominator of which is the sum of the Certificate Balances of each Class included in clause (i) above as of such date (provided, in each case, any reductions in Certificate Balance as a result of distributions or allocations of Realized Losses to such Class occurring in an Interest Accrual Period shall be deemed to have been made on the first day of such Interest Accrual Period).