Class M-2 Remittance Rate definition

Class M-2 Remittance Rate means a floating rate (determined each Due ------------------------- Period as of each Remittance Date) equal to the Weighted Average Contract Rate, but in no event greater than 8.20% per annum.
Sample 1
Class M-2 Remittance Rate means a rate equal to the lesser of -------------------------
Sample 1
Class M-2 Remittance Rate means 7.535% per annum (computed on the basis of a 360-day year of twelve 30-day months.
Sample 1

Examples of Class M-2 Remittance Rate in a sentence

  • Class M-2 Remittance Rate 7.970%, unless Weighted Average Contract Rate is below 7.970%) 7.97000% ------------- b.

  • Interest (28) Aggregate interest (a) Class M-2 Remittance Rate 8.26%, unless Weighted Average Contract Rate is below 8.26%) 8.26% -------------- (b) Class M-2 Interest 275,333.33 6.88333325 -------------- -------------- (29) Amount applied to Class M-2 Interest Deficiency Amount 0.00 -------------- (30) Remaining unpaid Class M-2 Interest Deficiency Amount 0.00 -------------- (31) Amount applied to: a.

  • Class M-2 Remittance Rate 8.26%, unless Weighted Average Contract Rate is below 8.26%) 8.26000% --------------- b.

  • Class M-2 Remittance Rate (8.13%, unless Weighted Average Contract Rate is below 8.13%) 8.13000% ------------------ b.

  • Class M-2 Remittance Rate (7.970%, unless Weighted Average Contract Rate is below 7.970%) 7.97000% ---------------- b.

  • Class M-2 Remittance Rate 8.13%, unless Weighted Average Contract Rate is below 8.13%) 8.13000% ------------- b.

  • Class M-2 Remittance Rate (7.44%, unless Weighted Average Contract Rate is below 7.44%) 7.44000% -------------- b.

  • Interest (45) Aggregate interest (a) Class M-2 Remittance Rate 7.34%, unless the Weighted Average Contract Rate is less than 7.34%) 7.34% ---------------- (b) Class M-2 Interest 128,450.00 6.11666667 ---------------- --------------- (c) Interest on Class M-2 Adjusted Principal Balance 0.00 ---------------- (46) Amount applied to Class M-2 Interest Deficiency Amount 0.00 ---------------- (47) Remaining unpaid Class M-2 Interest Deficiency Amount 0.00 ---------------- (48) Amount applied to: a.

  • Interest (45) Aggregate interest (a) Class M-2 Remittance Rate 7.34%, unless the Weighted Average Contract Rate is less than 7.34%) 7.34% -------------- (b) Class M-2 Interest 85,633.33 4.07777762 -------------- ------------- (c) Interest on Class M-2 Adjusted Principal Balance 0.00 -------------- (46) Amount applied to Class M-2 Interest Deficiency Amount 0.00 -------------- (47) Remaining unpaid Class M-2 Interest Deficiency Amount 0.00 -------------- (48) Amount applied to: a.

  • Class M-2 Remittance Rate 7.970%, unless Weighted Average Contract Rate is below 7.970%) 7.97000% --------------- b.


More Definitions of Class M-2 Remittance Rate

Class M-2 Remittance Rate. The annual rate of interest payable to the Class M-2 Certificateholders, which shall be equal to 8.070%.
Sample 1

Related to Class M-2 Remittance Rate

  • Class M-2 Pass-Through Rate For the first Distribution Date, _____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-2 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class M-5 Pass-Through Rate For the first Distribution Date, 5.7700% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class M-5 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.

  • Class M-4 Pass-Through Rate For the first Distribution Date, 4.790% per annum, and for any Distribution Date thereafter, the lesser of (i) One-Month LIBOR for the related Accrual Period plus the Class M-4 Margin for such Distribution Date and (ii) the Interest Rate Cap for such Distribution Date.

  • Class M-3 Pass-Through Rate For the first Distribution Date, _____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-3 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class M-1 Margin For any Distribution Date (i) on or prior to the Optional Termination Date, 0.700% per annum and (ii) thereafter, 1.050% per annum.

  • Class M-1 Pass-Through Rate For the first Distribution Date, ____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-1 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class M-2 Margin For any Distribution Date on or prior to the Optional Termination Date, 0.900% per annum and, for any Distribution Date after the Optional Termination Date, 1.350% per annum.

  • Class M-2 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-2 Pass-Through Rate on the Class M-2 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or Class M-2 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-2 Certificates.

  • Class M-1 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-1 Pass-Through Rate on the Class M-1 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or Class M-1 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-1 Certificates.

  • REMIC Remittance Rate The REMIC I Remittance Rate or the REMIC II Remittance Rate.

  • REMIC II Remittance Rate The per annum rate at which interest accrues in respect of any REMIC II Regular Interest during any Interest Accrual Period, as set forth in or otherwise calculated in accordance with Section 2.13(f).

  • Class M-4 Margin With respect to any Distribution Date prior to the second Distribution Date after the first possible Optional Termination Date, 0.520% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.780% per annum.

  • REMIC I Remittance Rate The per annum rate at which interest accrues in respect of any REMIC I Regular Interest during any Interest Accrual Period, as set forth in or otherwise calculated in accordance with Section 2.11(f).

  • Class M-3 Margin As of any Distribution Date up to and including the Initial Optional Termination Date, 0.3300% per annum and, as of any Distribution Date after the Initial Optional Termination Date, 0.4950% per annum.

  • Class M-2 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class M-2 Certificates.

  • Class M-1 Interest Carry Forward Amount As of any Distribution Date, the sum of (1) the excess of (A) the Class M-1 Current Interest with respect to prior Distribution Dates over (B) the amount actually distributed to the Class M-1 Certificates with respect to interest on such prior Distribution Dates and (2) interest on such excess (to the extent permitted by applicable law) at the Class M-1 Pass-Through Rate for the related Accrual Period.

  • Class M-2 Interest Carry Forward Amount As of any Distribution Date, the sum of (1) the excess of (A) the Class M-2 Current Interest with respect to prior Distribution Dates over (B) the amount actually distributed to the Class M-2 Certificates with respect to interest on such prior Distribution Dates and (2) interest on such excess (to the extent permitted by applicable law) at the Class M-2 Pass-Through Rate for the related Accrual Period.

  • CLASS M PRINCIPAL BALANCE As of any Distribution Date, (a) the Class M Principal Balance for the immediately preceding Distribution Date less (b) amounts distributed to the Class M Certificateholders on such preceding Distribution Date allocable to principal (including the principal portion of Advances of the Servicer made pursuant to Section 6.03 and Realized Losses allocated to the Class M Certificates pursuant to Section 6.04); provided that the Class M Principal Balance on the first Distribution Date shall be the Original Class M Principal Balance, and provided further that if the aggregate Outstanding Certificate Principal Balance of the Class B Certificates has been reduced to zero, as of any Distribution Date, the Class M Principal Balance will equal the excess of the Mortgage Pool Principal Balance (together with the portion of any Monthly Payment due but not paid with respect to which an Advance has not been made) over the Class A Principal Balance.

  • Class M-6 Certificates All Certificates bearing the class designation of "Class M-6".

  • Class M-2 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class M-2 Certificates.

  • Class M-2 Certificates All Certificates bearing the class designation of "Class M-2".

  • Class M-1 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class M-1 Certificates.

  • Class M-1 Certificates All Certificates bearing the class designation of "Class M-1".

  • Class M-5 Certificates All Certificates bearing the class designation of "Class M-5".

  • Class M-4 Certificates All Certificates bearing the class designation of "Class M-4".

  • Class M-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class M-1 Certificates.