Common use of Net WAC Clause in Contracts

Net WAC. As to any Distribution Date, the weighted average of the Net Mortgage Rates of the Mortgage Loans (or any Mortgage Pool) as of the first day of the calendar month preceding the month of such Distribution Date, weighted on the basis of their outstanding Stated Principal Balances (after giving effect to the Scheduled Payments due on or before such date and Principal Prepayments received prior to such date) at such time.

Net WAC. As to any Distribution Date, the weighted average of the Net Mortgage Rates of the Mortgage Loans (or any Mortgage Pool) as of the first day of the calendar month preceding the month of such Distribution Date, weighted on the basis of their outstanding Stated Principal Balances (after giving effect to the Scheduled Payments due on or before such date and Principal Prepayments received on or prior to such date) at such time.

Net WAC. As to any Distribution Date, the weighted average of the Net Mortgage Rates of the Mortgage Loans (or any Mortgage Pool) as of the first day Due Date of the calendar month preceding the month of such Distribution Date, weighted on the basis of their outstanding Stated Principal Balances (after giving effect to the Scheduled Payments due on or before such date Due Date and Principal Prepayments received prior to such dateDue Date) at such time. Net WAC Shortfall: Not applicable.

Net WAC. As to any Distribution Date, the weighted average of the Net Mortgage Rates of the Pool 2 Mortgage Loans (or any Mortgage Pool) as of the first day of the calendar month preceding the month of such Distribution Date, weighted on the basis of their outstanding Stated Principal Balances (after giving effect to the Scheduled Payments due on or before such date and Principal Prepayments received prior to such date) at such time.

Net WAC. As to any Distribution Date, the weighted average of the Net Mortgage Rates of the Mortgage Loans (or any Mortgage Pool) as of the first day of the calendar month preceding the month of such Distribution Date, weighted on the basis of their outstanding Stated Principal Balances (after giving effect to the Scheduled Payments due on or before such date and Principal Prepayments received prior to such date) at such time. Net WAC Shortfall: Not applicable.

Net WAC. As to any Distribution Date, the weighted average of the Net Mortgage Rates of the Mortgage Loans (or any Mortgage Group or Pool) as of the first day of the calendar month preceding the month of such Distribution Date, weighted on the basis of their outstanding Stated Principal Balances (after giving effect to the Scheduled Payments due on or before such date and Principal Prepayments received prior to such date) at such time.

Net WAC. As to any Distribution Date, the weighted average of the Net Mortgage Rates of the Mortgage Loans (or any Mortgage Pool) as of the first day of the calendar month preceding the month of such Distribution Date, weighted on the basis of their outstanding Stated Principal Balances (after giving effect to the Scheduled Payments due on or before such date and Principal Prepayments received prior to such date) at such time.

Net WAC. As to For any Distribution Date, the weighted average of the Adjusted Net Mortgage Rates of the Mortgage Loans, based on the Stated Principal Balances of such Mortgage Loans (or any Mortgage Pool) as of the close of business on the first day of the calendar month preceding the month of such the applicable Distribution Date, weighted on the basis of their outstanding Stated Principal Balances (after giving effect adjusted to the Scheduled Payments due on or before such date and Principal Prepayments received prior to such date) at such timereflect differences in day count conventions.

Net WAC. As to any Distribution Date, the weighted average of the Net Mortgage Rates of the Mortgage Loans (or any Mortgage Pool) as of the first day Due Date of the calendar month preceding the month of such Distribution Date, weighted on the basis of their outstanding Stated Principal Balances (after giving effect to the Scheduled Payments due on or before such date Due Date and Principal Prepayments received prior to such dateDue Date) at such time.

Net WAC. As to For any Distribution Date, the weighted average of the Net Mortgage Rates Rate of the each Mortgage Loans (or any Mortgage Pool) as of the first day of the calendar month preceding the month of such Distribution DateLoan, weighted on the basis of their outstanding its Stated Principal Balances Balance as of the Due Date occurring in the month preceding the month of that Distribution Date (after giving effect to principal prepayments in the Scheduled Payments due on or before such date and Principal Prepayments received Prepayment Period related to that prior to such date) at such timeDue Date).