Group 2 Maximum Cap definition
Group 2 Maximum Cap. With respect to the Mortgage Loans in Loan Group 2 as of any Distribution Date, the weighted average of the Maximum Rates on the Mortgage Loans in Loan Group 2 less the Expense Fee Rate.
Group 2 Maximum Cap. For the Mortgage Loans in Loan Group 2 as of any Distribution Date, the weighted average of the Maximum Rates on the Mortgage Loans in Loan Group 2 less the Expense Fee Rate, and minus for the first 35 distribution dates only, the product of (1) 7.00 % and (2) the Group 2 IO Component notional balance divided by the Group 2 aggregate Stated Principal Balances as of the opening of business on the first day of the related Remittance Period.
Group 2 Maximum Cap. For each Class of Group 2 Certificates as of any Distribution Date, the product of:
More Definitions of Group 2 Maximum Cap
Group 2 Maximum Cap. For any Distribution Date: