Class C Distributable Interest Rate. The excess, if any, of (a) the weighted average of the interest rates on the Lower Tier REMIC Regular Interests (other than the Class LT-IO Interest) over (b) two times the weighted average of the interest rates on the Lower Tier REMIC I Marker Interests and the Class LTIX Interest (treating for purposes of this clause (b) the interest rate on each of the Lower Tier REMIC I Marker Interests as being subject to a cap and a floor equal to the interest rate of the Corresponding REMIC Regular Interest of the Corresponding Certificates (as adjusted, if necessary, to reflect the length of the Accrual Period for the LIBOR Certificates) and treating the Class LTIX Interest as being capped at zero). The averages described in the preceding sentence shall be weighted on the basis of the respective principal balances of the Lower Tier REMIC Regular Interests immediately prior to any date of determination.

Examples of Class C Distributable Interest Rate in a sentence

The Uncertificated Class C Interest shall accrue interest on a notional balance set forth in the definition of Class C Current Interest at a rate equal to the Class C Distributable Interest Rate.

More Definitions of Class C Distributable Interest Rate

Class C Distributable Interest Rate. The excess, if any, of (a) the weighted average of the interest rates on the Lower Tier REMIC Regular Interests (other than the Class LT-IO Interest) over (b) two times the weighted average of the interest rates on the Lower Tier REMIC Regular Interests (other than the Class LT-IO Interest) (treating for purposes of this clause (b) the interest rate on each of the Lower Tier REMIC Marker Interests as being capped at the interest rate of the Corresponding REMIC Regular Interest of the Corresponding Certificates and treating the Class LTX Interest as being capped at zero). The averages described in the preceding sentence shall be weighted on the basis of the respective principal balances of the Lower Tier REMIC Regular Interests immediately prior to any date of determination.

Class C Distributable Interest Rate. The excess, if any, of (a) the weighted average of the interest rates on the REMIC 3 Regular Interests over (b) two times the weighted average of the interest rates on the REMIC 3 Regular Interests (treating for purposes of this clause (b) the interest rate on each of the REMIC 3 Marker Interests as being subject to a cap equal to the interest rate of the Corresponding Certificate and treating the interest rate on the Class LT3-X Interest as being capped at zero). The averages described in the preceding sentence shall be weighted on the basis of the respective principal balances of the REMIC 3 Regular Interests immediately prior to any date of determination.

Class C Distributable Interest Rate. The excess, if any, of (a) the weighted average of the interest rates on the Lower Tier REMIC Regular Interests over (b) two times the weighted average of the interest rates on the Lower Tier REMIC I Marker Interests and the Class LTIX Interest (treating for purposes of this clause (b) the interest rate on each of the Lower Tier REMIC I Marker Interests with an "A" in its designation as being subject to a cap and a floor equal to the sum of (i) the interest rate of the Corresponding REMIC Regular Interest of the Corresponding Certificates and (ii) the Class A Certificate Guaranty Insurance Premium Rate (as adjusted, if necessary, for the length of the Accrual Period for the LIBOR Certificates) and treating the interest rate on each of the other Lower Tier REMIC I Marker Interests as being subject to a cap and a floor equal to the interest rate of the Corresponding REMIC Regular Interest of the Corresponding Certificates (as adjusted, if necessary, for the length of the Accrual Period for the LIBOR Certificates) and treating the Class LTIX Interest as being capped at zero). The averages described in the preceding sentence shall be weighted on the basis of the respective principal balances of the Lower Tier REMIC Regular Interests immediately prior to any date of determination.

Class C Distributable Interest Rate. The excess, if any, of (a) the weighted average of the interest rates on the Lower Tier REMIC Side One Regular Interests over (b) two times the weighted average of the interest rates on the Lower Tier REMIC Marker Interests after converting the interest rate on the Class LT-A3B Interest to an equivalent rate based on the actual number of days in the related Accrual Period and the Class LT-Z Interest (treating for purposes of this clause (b) the interest rate on each of the Lower Tier REMIC Marker Interests as being subject to a cap and a floor equal to the interest rate of the Corresponding Certificate after, in the case of the Class LT-A3B Interest, converting the rate on the Class A-3B Certificates to an equivalent rate based on the actual number of days in the related Accrual Period and treating the interest rate on the Class LT-Z Interest as being capped at zero). The averages described in the preceding sentence shall be weighted on the basis of the respective principal balances of the Lower Tier REMIC Regular Interests immediately prior to any date of determination.

Class C Distributable Interest Rate. The excess, if any, of (a) the weighted average of the interest rates on the Subsidiary REMIC Regular Interests over (b) two times the weighted average of the interest rates on the Subsidiary REMIC Regular Interests (treating for purposes of this clause (b) the interest rate on each of the Marker Classes as being capped at the REMIC Pass-Through Rate of the Related Certificate or Related Certificates of such Marker Class and treating the Class X Interest as being capped at zero). The averages described in the preceding sentence shall be weighted on the basis of the respective principal balances of the Subsidiary REMIC Regular Interests immediately prior to any date of determination.