Allocable Premium Rate definition
Allocable Premium Rate. For the Class 2-A2 Certificates and the Subgroup 2C Net WAC Cap and the related Pass-Through Rate and any Distribution Date, the product of (i)(a) the product of (x) the Aggregate Premium Amount for such Distribution Date multiplied by (y) 12, divided by (b) the Class Principal Balance of such Class immediately prior to such Distribution Date and (ii) the quotient obtained by dividing 360 by the actual number of days in the related Accrual Period for such Class.
Allocable Premium Rate. For the Class 1-A-1B and Class 2-A-1C Certificates and the related Group 1 Net WAC Cap or Group 2 Net WAC Cap and Pass-Through Rate and any Distribution Date, the product of (i)(a) the product of (x) the Aggregate Premium Amount for such Distribution Date multiplied by (y) 12 and multiplied by (z) a fraction the numerator of which is the Class Certificate Principal Balance of such Class immediately prior to such Distribution Date and the denominator of which is the aggregate Class Certificate Principal Balance of the Class 1-A-1B and the Class 2-A-1C Certificates immediately prior to such Distribution Date, divided by (b) the Class Certificate Principal Balance of such Class immediately prior to such Distribution Date, multiplied by (ii) the quotient obtained by dividing 360 by the actual number of days in the related Accrual Period for such Class.