Net WAC Rate. For a Distribution Date, a per annum rate equal to the weighted average of the Pass-Through Rates of the Mortgage Loans as of the beginning of business on the first day of the Collection Period related to such Distribution Date (weighted on the basis of the respective Loan Balances of the Mortgage Loans as of the beginning of business on such day).
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2006-2), Pooling Agreement (Citicorp Residential Mortgage Trust Series 2007-2), Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2007-1)
Net WAC Rate. For a As to any Distribution Date, a per annum rate equal to the weighted average of the Pass-Through Rates Adjusted Net Mortgage Rate of the Mortgage Loans as of the beginning of business on the first day of the Collection Due Period related to for such Distribution Date (weighted Date, calculated on the basis of the respective Loan Balances actual number of days in the Mortgage Loans as of the beginning of business on such day)related Interest Accrual Period and a 360-day year.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First NLC Securitization, Inc.)
