Component Class X-2 Strip Rate definition

Component Class X-2 Strip Rate. As to each of the Class XX-0-0, XX-0X-0X, XX-0X-0X, XX-0X-0X, XX-0X-0X, XX-0X-0X, XX-0X-0X, LA-1A-2G, LA-1A-2H, LA-1A-2I, LA-1A-2J, LA-1A-2K, LA-1A-2L, LA-1A-2M, XX-0-X, XX-0-X, XX-0-X, XX-0-X, XX-0-X, XX-0-X, LA-2-G, LA-3-A, LA-3-B, LA-4-A, LA-4-B, LA-5-A, LA-5-B, LA-5-C, LA-5-D, LA-5-E, LA-M, LA-J, LB, LC, LD-A, LD-B, LE-A, LE-B, LE-C, LF-A, LF-B, LF-C, LG-A, LG-B, LG-C, LH-A, LH-B, LJ-A, LJ-B, LK, LL-A and LL-B Components, the Class LA-1-2 Component Class X-2 Strip Rate, the Class LA-1A-2A Component Class X-2 Strip Rate, the Class LA-1A-2B Component Class X-2 Strip Rate, the Class LA-1A-2C Component Class X-2 Strip Rate, the Class LA-1A-2D Component Class X-2 Strip Rate, the Class LA-1A-2E Component Class X-2 Strip Rate, the Class LA-1A-2F Component Class X-2 Strip Rate, the Class LA-1A-2G Component Class X-2 Strip Rate, the Class LA-1A-2H Component Class X-2 Strip Rate, the Class LA-1A-2I Component Class X-2 Strip Rate, the Class LA-1A-2J Component Class X-2 Strip Rate, the Class LA-1A-2K Component Class X-2 Strip Rate, the Class LA-1A-2L Component Class X-2 Strip Rate, the Class LA-2-A Component Class X-2 Strip Rate, the Class LA-2-B Component Class X-2 Strip Rate, the Class LA-2-C Component Class X-2 Strip Rate, the Class LA-2-D Component Class X-2 Strip Rate, the Class LA-2-E Component Class X-2 Strip Rate, the Class LA-2-F Component Class X-2 Strip Rate, the Class LA-2-G Component Class X-2 Strip Rate, the Class LA-3-A Component Class X-2 Strip Rate, the Class LA-3-B Component Class X-2 Strip Rate, the Class LA-4-A Component Class X-2 Strip Rate, the Class LA-4-B Component Class X-2 Strip Rate, the Class LA-5-A Component Class X-2 Strip Rate, the Class LA-5-B Component Class X-2 Strip Rate, the Class LA-5-C Component Class X-2 Strip Rate, the Class LA-5-D Component Class X-2 Strip Rate, the Class LA-5-E Component Class X-2 Strip Rate, the Class LA-M Component Class X-2 Strip Rate, the Class LA-J Component Class X-2 Strip Rate, the Class LB Component Class X-2 Strip Rate, the Class LC Component Class X-2 Strip Rate, the Class LD-A Component Class X-2 Strip Rate, the Class LD-B Component Class X-2 Strip Rate, the Class LE-A Component Class X-2 Strip Rate, the Class LE-B Component Class X-2 Strip Rate, the Class LE-C Component Class X-2 Strip Rate, the Class LF-A Component Class X-2 Strip Rate, the Class LF-B Component Class X-2 Strip Rate, the Class LF-C Component Class X-2 Strip Rate, the Class LG-A Component Class X-2 Strip Rate, the Class LG-B Com...
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Component Class X-2 Strip Rate. As to each of the Class LA-2-2, LB, LC, LD, LE, LF and LG Components, the Class LA-2-2 Component Class X-2 Strip Rate, the Class LB Component Class X-2 Strip Rate, the Class LC Component Class X-2 Strip Rate, the Class LD Component Class X-2 Strip Rate, the Class LE Component Class X-2 Strip Rate, the Class LF Component Class X-2 Strip Rate or the Class LG Component Class X-2 Strip Rate, as applicable.
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Component Class X-2 Strip Rate. As to each of the Class XX-0-0, XX-0-0, XX-0-0, XX, XX, XX, XX, XX, XX-0, LG-2, LH, LJ and LK Components, the Class LA-2-2 Component Class X-2 Strip Rate, the Class LA-3-1 Component Class X-2 Strip Rate, the Class LA-3-2 Component Class X-2 Strip Rate, the Class LB Component Class X-2 Strip Rate, the Class LC Component Class X-2 Strip Rate, the Class LD Component Class X-2 Strip Rate, the Class LE Component Class X-2 Strip Rate, the Class LF Component Class X-2 Strip Rate, the Class LG-1 Component Class X-2 Strip Rate, the Class LG-2 Component Class X-2 Strip Rate, the Class LH Component Class X-2 Strip Rate, the Class LJ Component Class X-2 Strip Rate or the Class LK Component Class X-2 Strip Rate, as applicable.
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Related to Component Class X-2 Strip Rate

  • Class X-1 Strip Rate With respect to any Distribution Date, the amount, if any, by which (i) the Weighted Average Net Mortgage Rate for such Distribution Date exceeds (ii) the sum of the Class LA-1-2-A Component Class X-2 Strip Rate and the Class A-1 Pass-Through Rate for such Distribution Date.

  • Class X Strip Rate With respect to each Component for any Distribution Date, a rate per annum equal to: (i) the WAC Rate for such Distribution Date, minus (ii) the Pass-Through Rate for the Corresponding Certificates.

  • Class C Component The Component having such designation.

  • Class X-D Pass-Through Rate For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-D Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Class D Component The Component having such designation.

  • Class X-B Pass-Through Rate For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-B Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Class X-A Pass-Through Rate For any Distribution Date, the weighted average of Class X Strip Rates for the Class X-A Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Class A-2 Component The Component having such designation.

  • Class A-S Component The Component having such designation.

  • Class X-A Components The Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.

  • Class A-4 Component The Component having such designation.

  • Class B Component The Component having such designation.

  • Class A-1 Component The Component having such designation.

  • Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.

  • Class E Component The Component having such designation.

  • Corresponding Lower-Tier Regular Interest As identified in the Preliminary Statement with respect to any Class of Regular Certificates, Class PEZ Regular Interest or Component.

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • REMIC 2 Overcollateralization Target Amount 1.00% of the Overcollateralization Target Amount.

  • Component Principal Balance As of any date of determination, either the PO-1 Component Principal Balance on such date or the PO-2 Component Principal Balance on such date as applicable.

  • Class C Pass-Through Rate For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date.

  • Class D Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.00000%.

  • Upper-Tier Regular Interest As described in the Preliminary Statement.

  • Lower-Tier Regular Interest Each of the Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-A-4, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-M-4, Class LT-M-5, Class LT-M-6, Class LT-B-1, Class LT-B-2, Class LT-B-3, Class LT-IO and Class LT-Accrual Interests as described in the Preliminary Statement.

  • Class A-AB Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.313%.

  • Class X Notional Balance With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the regular interests in REMIC 3 as specified in the Preliminary Statement hereto.

  • Class B-1 Pass-Through Rate For the first Distribution Date, 6.3300% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-1 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.