Class A-2 Available Funds Cap Rate. For any Payment Date, a per annum rate equal to the product of (1) the excess of (A) a fraction, expressed as a percentage, equal to (i) the product of (a) the mortgage interest due with respect to the Mortgage Loans in Group II for that Payment Date, less the Note Insurer Premium and Servicing Fees allocated to Group II and (b) 12, divided by (ii) the Principal Balance of the Class A-2 Notes as of the first day of the related Accrual Period, over (B) 0.25% and (2) a fraction, expressed as a percentage, the numerator of which is 30 and the denominator of which is the number of days in the related Accrual Period.
Class A-2 Available Funds Cap Rate. A per annum rate equal to the Net Weighted Average Mortgage Interest Rate with respect to the Mortgage Loans, less the rate at which the Indenture Trustee Fee is then calculated, less 0.75%.
Class A-2 Available Funds Cap Rate. Is a per annum rate equal to, with respect to any Due Period, the Net Weighted Average Mortgage Interest Rate for the Mortgage Loans in Mortgage Loan Group II for such Due Period, minus the product of (x) the Class A-IO Pass-through Rate and (y) a fraction, the numerator of which is the Class A-IO Notional Amount on such Distribution Date and the denominator of which is the outstanding Aggregate Principal Balance of the Mortgage Loans in Mortgage Loan Group I and Mortgage Loan Group II as of such date.
More Definitions of Class A-2 Available Funds Cap Rate
Class A-2 Available Funds Cap Rate. With respect to the Class A-2 Certificates for any Payment Date is a rate per annum equal to the fraction, expressed as a percentage, the numerator and denominator of which are as follows:
Class A-2 Available Funds Cap Rate. With respect to any Accrual Period and any Payment Date, a rate per annum equal to the fraction, expressed as a percentage, the numerator of which is (i) an amount equal to (A) the weighted average of the Net Coupon Rates of the Home Equity Loans in Group II (by outstanding principal balance) at the beginning of the related Remittance Period, times the aggregate Loan Balance of the Home Equity Loans in Group II as of the beginning of the Remittance Period minus (B) the Premium Amount for Group II for such Payment Date, and the denominator of which is (ii) the outstanding Class A-2 Certificate Principal Balance at the beginning of such Accrual Period such rate, as calculated on the basis of a 360 day year and the actual number of days elapsed in the related Accrual Period.
Class A-2 Available Funds Cap Rate. With respect to any Accrual Period and any Distribution Date, a rate per annum equal to the fraction, expressed as a percentage, the numerator of which is an amount equal to (i) the product of (A) the weighted average of the Net Coupon Rates (net of the Minimum Spread) of the Home Equity Loans in Group II (by outstanding principal balance) at the beginning of the related Remittance Period, and (B) the aggregate Loan Balance of the Home Equity Loans in Group II as of the beginning of the Remittance Period, minus (ii) the product of (A) the Class A-3 Certificate Rate and (B) the outstanding Class A-3 Certificate Principal Balance before giving effect to payments of principal on such Distribution Date, and the denominator of which is the outstanding Class A-2 Certificate Principal Balance before giving effect to payments of principal on such Distribution Date such rate, as calculated on the basis of a 360 day year and the actual number of days elapsed in the related Accrual Period.
Class A-2 Available Funds Cap Rate. On any Distribution Date, the weighted average of the Mortgage Rates of the Mortgage Loans in the Adjustable Rate Group as of the first day of the related Due Period minus (i) the Expense Rate and (ii) on any Distribution Date on and after the seventh Distribution Date, 0.50% per annum.
Class A-2 Available Funds Cap Rate. For any Payment Date, a per annum rate equal to the product of (1) the excess of (A) a fraction, expressed as a percentage, equal to (i) the product of (a) the mortgage interest due with respect to the Mortgage Loans in Group II for that Payment Date, less the Note Insurer Premium, Master Servicing Fees and Backup Servicing Fees allocated to Group II and (b) 12, divided by (ii) the Principal Balance of the Class A-2 Notes as of the first day of the related Accrual Period, over (B) % and (2) a fraction, expressed as a percentage, the numerator of which is 30 and the denominator of which is the number of days in the related Accrual Period.
Class A-2 Available Funds Cap Rate. As of any Payment Date, amount, expressed as a per annum rate, equal to (a)(i) the aggregate amount of interest due and collected (or advanced) on all of the Mortgage Loans in Group II for the related Remittance Period minus (ii) the aggregate of the Servicing Fee and the Trustee's Fee and the premiums due to the Certificate Insurer, in each case relating to Group II, on such Payment Date and minus (iii) commencing on the seventh Payment Date following the Closing Date, an amount equal to 0.75% per annum times the aggregate Principal Balance of the Mortgage Loans in Group II as of the beginning of such related Remittance Period, divided by (b) the aggregate Principal Balance of the Mortgage Loans in Group II immediately prior to such Payment Date calculated on the basis of a 360 day year and the actual number of days elapsed.
Class A-2 Available Funds Cap Rate. A per annum rate equal to the Weighted Average Mortgage Interest Rate with respect to the Mortgage Loans in Loan Group 2, less the rate at which the Indenture Trustee Fee is then calculated, less the rate at which the Owner Trustee Fee is the calculated, less the Servicing Fee Rate, less the Backup Servicing Fee Rate, less the Primary Mortgage Insurance Premium Percentage, less the Premium Percentage, each with respect to the Class A-2 Notes only, less 0.75%.