Group 1 Net WAC Cap. For any Distribution Date, the Weighted Average Adjusted Net Mortgage Rate of the Mortgage Loans for that Distribution Date, minus the product of (x) the Pass-Through Rate of the Class A-X-1 Certificates for the Interest Accrual Period for that Distribution Date and (y) a fraction, the numerator of which is the Notional Amount of the Class A-X-1 IO-1 Component immediately prior to that Distribution Date, and the denominator of which is the Class Certificate Balance of the Class 1-A-1 Certificates immediately prior to that Distribution Date, such result multiplied by a fraction, the numerator of which is 30 and the denominator of which is the number of days in the related Interest Accrual Period.
Group 1 Net WAC Cap. For any Distribution Date and the Class 1-A-1A and Class 1-A-1B Certificates, the excess, if any, of (a) the product of (i) the Group 1 Net WAC and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period for such Certificates over (b) only in the case of the Class 1-A-1B Certificates, the Allocable Premium Rate for such Class of Certificates.
Group 1 Net WAC Cap. With respect to any Distribution Date, and the Group 1 Certificates, a rate per annum equal to the product of (i) the excess, if any, of (a) the weighted average of the Net Coupon Rates on the Group 1 Home Equity Loans as of the beginning of the related Remittance Period over (b) the Swap Expense Fee Rate and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related interest period.
Examples of Group 1 Net WAC Cap in a sentence
The Net WAC Cap for the Subordinate Certificates (the “Subordinate Net WAC Cap”) for any Distribution Date equals the weighted average of the Group 1 Net WAC Cap and the Group 2 Net WAC Cap (computed without regard to the adjustments applicable to the Class 1-A1B and Class 2-A1C Certificates) weighted on the basis of the Group Subordinate Amounts for each loan group.
The originals should be sent to the Mental Health Act administrator (health records) at Wotton Lawn for adults of working age, children and young people and people with learning disabilities or Charlton Lane Centre for people aged over 65.
For any Interest Accrual Period and (x) for the Class A-[*] Certificates, their Certificate Rate, calculated without regard to the Group 1 Net WAC Cap, and (y) for each Subclass of the Class AV and Class [M] Certificates, the applicable Certificate Rate, calculated without regard to the Group 2 Net WAC Cap.
Figure 11 outlines the proposed Health buildings investment program.
More Definitions of Group 1 Net WAC Cap
Group 1 Net WAC Cap. For any Distribution Date and the Class A-1A and Class A-1B Certificates, the product of (i) the excess of (a) the weighted average of the Net Loan Rates of the Group 1 Mortgage Loans as of the first day of the month prior to the month of that Distribution Date (or, in the case of the first Distribution Date, as of the Cut-Off Date) after giving effect to payments due on that date, weighted on the basis of their related Stated Principal Balances as of the first day of the related Due Period over (b) the product of (I) the Pass-Through Rate for the Class X-1 Certificates and (II) a fraction, the numerator of which is the X-1 IO-1 Component Notional Amount for that Distribution Date and denominator of which is the aggregate Certificate Principal Balances of the Class A-1A and Class A-1B Certificates immediately prior to that Distribution Date and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related interest Accrual Period for such Certificates.
Group 1 Net WAC Cap. With respect to Group 1 Mortgage Loans as of any Distribution Date, a per annum rate equal to the product of (i) 12 times the quotient of (x) the total scheduled interest on the Group 1 Mortgage Loans for the related Interest Accrual Period, net of Expense Fees related to the Group 1 Mortgage Loans for that Distribution Date and (y) the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the first day of the related Collection Period, expressed on the basis of an assumed 360-day year and the actual number of days elapsed during the related Interest Accrual Period.
Group 1 Net WAC Cap. For each Class of Group 1 Certificates as of any Distribution Date, the product of:
Group 1 Net WAC Cap. For any Distribution Date, the Weighted Average Adjusted Net Mortgage Rate of the Group 1 Mortgage Loans for that Distribution Date, minus the product of (x) the Pass-Through Rate of the Class A-X-1 Certificates for the Interest Accrual Period for that Distribution Date and (y) a fraction, the numerator of which is the Notional Amount of the Class A-X-1 IO-1 Component immediately prior to that Distribution Date, and the denominator of which is the aggregate Class Certificate Balance of the Class 1-A-1A and Class 1-A-1B Certificates immediately prior to that Distribution Date, such result multiplied by a fraction, the numerator of which is 30 and the denominator of which is the number of days in the related Interest Accrual Period.
Group 1 Net WAC Cap. For any Distribution Date, the Weighted Average Adjusted Net Mortgage Rate of the Group 1 Mortgage Loans for that Distribution Date minus the Class 1-A-3B Policy Premium Rate, such result multiplied by a fraction, the numerator of which is 30 and the denominator of which is the number of days in the related Interest Accrual Period.
Group 1 Net WAC Cap. For any Distribution Date and the Class 1-A1A Certificates, the product of (i) the Group 1 Net WAC multiplied by (ii) the quotient of 30 divided by the actual number of days in the Accrual Period. For any Distribution Date and the Class 1-A1B Certificates, (a) the product of (i) the Group 1 Net WAC multiplied by (ii) the quotient of 30 divided by the actual number of days in the Accrual Period less (b) the related insurance premium rate for such Distribution Date. For the Class 1-A1B Certificates and the related Group 1 Net WAC Cap and Pass-Through Rate, the per annum “insurance premium rate” for any Distribution Date is the product of (i)(a) the Premium Amount for the Class 1-A1B Certificates for such Distribution Date, divided by (b) the Class Principal Balance of such Class immediately prior to such Distribution Date, multiplied by (ii) the quotient obtained by dividing 360 by the actual number of days in the related Accrual Period for such Class.
Group 1 Net WAC Cap. As to any Distribution Date, the weighted average of the Adjusted Net Mortgage Rates on the Group 1 Mortgage Loans (adjusted to take into account Principal Prepayments received during the preceding Prepayment Period) as of the last day of the Remittance Period for the preceding Distribution Date, or, in the case of the first Distribution Date, as of the Initial Cut-off Date (in the case of the Class AF-1 Certificates, adjusted to the actual number of days in the related Interest Accrual Period and a year consisting of 360 days).