Examples of Available Funds Cap Rate in a sentence
Pass-Through Rate: The "Pass-Through Rate" on each Class of Offered Certificates will be equal to the lesser of (i) the related Formula Rate and (ii) the related Available Funds Cap Rate.
If either (a) the aggregate principal balance of the Group I Mortgage Loans and Group II Mortgage Loans has been reduced to zero on a prior Distribution Date or (b) the aggregate principal balance of the Group III Mortgage loans has been reduced to zero on a prior Distribution Date, the related Available Funds Cap Rate for a Class of Certificates is equal to the Available Funds Cap Rate related to the Group or Groups with an aggregate principal balance greater than zero.
Subordinate Available Funds Cap Rate: The "Subordinate Available Funds Cap Rate" on any Distribution Date is equal to the weighted average of the Class A-1/A-2 Available Funds Cap Rate and the Class A-3 Available Funds Cap Rate weighted by the related sub component principal balance.
All of the Certificates are subject to the Available Funds Cap Rate (as described herein).
The Certificates will accrue interest at a variable rate equal to the lesser of (i) One-Month LIBOR plus the related margin and (ii) the Available Funds Cap Rate.