Adjusted Net WAC Cap Rate definition

Adjusted Net WAC Cap Rate means, for any Remittance Date, the Net WAC Cap Rate minus a fraction expressed as a percentage,

Adjusted Net WAC Cap Rate means, for any Payment Date, the Net WAC Cap Rate minus a fraction, expressed as a percentage, the numerator of which is the product of

Adjusted Net WAC Cap Rate means, with respect to a Payment Date, the weighted average of the Adjusted Group I Net WAC Cap Rate and the Adjusted Group II Net WAC Cap Rate, based on the Intermediate Interest Principal Balance of the Uncertificated Intermediate Group I Interests and Uncertificated Intermediate Group II Interests.

Examples of Adjusted Net WAC Cap Rate in a sentence

• In order to illustrate these effects, IMS provides the magnitude of changes in revenues and operating income in constant-dollar terms.

• If any section or question is not applicable, this should be clearly stated with a full explanation as to why it is not applicable.B4.1. For solar photovoltaic projects not located on a landfill or sand and gravel pit, attest that no portion of the Project Site is on slopes greater than 15% and that there will be no grading before, during, or after construction to achieve this slope requirement.

• Remaining Unpaid Class M-2 Interest Carry Forward Amount $ 0.00 ------------- * If the purchase option is not exercised pursuant to Section 8.06 of the Pooling and Servicing Agreement, the Class A-5 Pass-Through Rate shall increase to 7.75%, or the Adjusted Net WAC Cap Rate, if less.

• WORLDWIDE CAPITAL PARTNER COMPUTATIONAL MATERIALS FOR RAMP SERIES 2002-RS5 TRUST ________________________________________________________________________________ PASS-THROUGH RATES: Group I: Pass-Through Rates: o On each Distribution Date, the Class A-I-1 Pass-Through Rate will be a per annum rate equal to the lesser of (x) One-Month LIBOR plus __% (the "Class A-I-1 Margin"), and (y) the Group I Adjusted Net WAC Cap Rate.

• The "Basis Risk Carryover Shortfall" with respect to any Group II Certificate (other than the Class AV-IO Certificates) and any Payment Date will be the excess of (i) that amount of interest that such class of Certificates would have received on such Payment Date had the related pass-through rate not been calculated based the related Adjusted Net WAC Cap Rate (but not in excess of 15% per annum) over (ii) the amount of interest that such class of Certificates received on such Payment Date.

More Definitions of Adjusted Net WAC Cap Rate

Adjusted Net WAC Cap Rate. For the January 2003 Distribution Date through the May 2005 Distribution Date, a per annum rate equal to (1) the Net WAC Cap Rate minus (2) the Pass-Through Rate for the Class A-IO Certificates for such Distribution Date multiplied by a fraction, the numerator of which is (x) the Notional Amount of the Class A-IO Certificates immediately prior to such Distribution Date, and the denominator of which is (y) the aggregate Stated Principal Balance of the Mortgage Loans as determined immediately prior to such Distribution Date. For federal income tax purposes, however, the equivalent of the foregoing, expressed as a per annum rate (but not less than zero) equal to the weighted average of (x) with respect to REMIC I Regular Interest LT- A-1, the Uncertificated REMIC I Pass-Through Rate for such REMIC I Regular Interest for such Distribution Date and, (y) with respect to REMIC I Regular Interest LT-A-2 through REMIC I Regular Interest LT-A-30 the excess, if any, of (1) the Uncertificated REMIC I Pass-Through Rate with respect to such REMIC I Regular Interest for such Distribution Date over (2) in the case of each such REMIC I Regular Interest, (A) from the Closing Date to but not including the Rate Change Date for the Corresponding Interest relating to such REMIC I Regular Interest, 2.000% per annum and (B) thereafter, 0.00% per annum; weighted on the basis of the Uncertificated Principal Balance of each REMIC I Regular Interest.

Adjusted Net WAC Cap Rate. With respect to any Distribution Date, a per annum rate (but not less than zero) equal to the weighted average of (x) the Net WAC Cap Rate with respect to REMIC I Regular Interest LT-ZZ for such Distribution Date and (y)(1) from the Closing Date to the Distribution Date in August 2003, with respect to REMIC I Regular Interest LT-wrap the excess, if any of the Net WAC Cap Rate for such Distribution Date over 0.10% per annum and (2) thereafter, the Net WAC Cap Rate; weighted according to the Uncertificated Principal Balance for each REMIC I Regular Interest.

Adjusted Net WAC Cap Rate means, for any Payment Date, the Net WAC ------------------------- Cap Rate minus a fraction, expressed as a percentage, the numerator of which is the product of (x) the Class A-IO Interest Rate for such Payment Date times (y) (i) the sum of the Subsidiary Interest Adjusted Principal Balance of (1) for each Payment Date through the March 2003 Payment Date, the Class S-2(1) Interest, (2) for each Payment Date through the September 2003 Payment Date, the Class S-2(2) Interest, (3) for each Payment Date through the March 2004 Payment Date, the Class S-2(3) Interest, and (4) for each Payment Date through the September 2004 Payment Date, the Class S-2(4) Interest, and (ii) 0 after the September 2004 Payment Date, and the denominator of which is the sum of the Subsidiary Interest Adjusted Principal Balance of the Class S-1 and Class S-2 Interests.

Adjusted Net WAC Cap Rate. The Group 5 Adjusted Net WAC Cap Rate, the Group 6 Adjusted Net WAC Cap Rate or the Aggregate Group II Subordinated Adjusted Net WAC Cap Rate, as the context requires.

Adjusted Net WAC Cap Rate. With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the Net WAC Cap Rate adjusted for (x) the payment of the Yield Maintenance Agreement Fee and (y) payments made in respect of the Class A-IO Certificates. The adjustments described in clauses (x) and (y) shall result in a reduction of the Net WAC Cap Rate by an amount equal to the product of (i) a fraction, expressed as a percentage, the numerator of which is the sum of the Yield Maintenance Agreement Fee and payments made in respect of the Class A-IO Certificates on such Distribution Date, and the denominator of which is the Pool Principal Balance as of the first day of the related due Period, and (ii) a fraction, the numerator of which is 360 and the denominator of which is the actual number of days in the related Accrual Period.

Adjusted Net WAC Cap Rate means, for any Payment Date, the Net WAC Cap Rate minus a fraction, expressed as a percentage,

Adjusted Net WAC Cap Rate means, for any Payment Date, the Net WAC Cap Rate minus a fraction, expressed as a percentage, the numerator of which is the sum of (a) the product of (x) the Class A-IO Interest Rate for such Payment Date times (y) (i) the sum of the Subsidiary Interest Adjusted Principal Balance of the (1) Class S-2(1) Interest through and including the January 2003 Payment Date, (2) Class S-2(2) Interest through and including the June 2003 Payment Date, (3) Class S-2(3) Interest through and including the January 2004 Payment Date and (4) Class S-2(4) Interest through and including the July 2004 Payment Date, and (ii) 0 after the July 2004 Payment Date, plus (b) the product of (x) the Class X-IO Interest Rate for such Payment Date times (y) (i) the sum of the Subsidiary Interest Adjusted Principal Balance of the Class S-3 Interest through and including the August 2004 Payment Date, and (ii) 0 after the August 2004 Payment Date, and the denominator of which is the sum of the Subsidiary Interest Principal Balance of the Class S-1, Class S-2 and Class S-3 Interests.