Group II Marker Rate. With respect to the Class SB-II Certificates and any Distribution Date, a per annum rate equal to two (2) multiplied by the weighted average of the Pass-Through Rates for each REMIC III Group II Regular Interest (other than REMIC III Regular Interest II-AA), with the rates on each such REMIC III Regular Interest (other than REMIC III Regular Interest II-ZZ) subject to a cap equal to the Pass-Through Rate for the Corresponding Class for such REMIC III Regular Interest, and the rate on REMIC III Regular Interest II-ZZ subject to a cap of zero, in each case for purposes of this calculation.
Group II Marker Rate. With respect to the Class II-C Interest and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the Uncertificated REMIC III Pass-Through Rates for the REMIC III Group II Regular Interests (other than REMIC III Regular Interests II-AA and II-IO), with the rate on each such REMIC III Group II Regular Interest (other than REMIC III Regular Interest II-ZZ) subject to a cap equal to the lesser of (i) the Pass-Through Rate for the Corresponding Certificate determined without regard to the related Net WAC Cap Rate and (ii) the Net WAC Cap Rate for the REMIC IV Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date, and with the rate on REMIC III Regular Interest II-ZZ subject to a cap of zero for the purpose of this calculation; provided, however, that solely for this purpose, the related cap with respect to each REMIC III Group II Regular Interest (other than REMIC III Regular Interests II-AA, II-ZZ and II-IO) shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period.
Group II Marker Rate. With respect to the Class II-CE Interest and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the Uncertificated REMIC III Pass-Through Rates for the REMIC III Group II Regular Interests (other than REMIC III Regular Interests II-AA, II-IO, II-P, II-1-Sub, II-1-Grp, II-2-Sub, II-2-Grp and II-XX), with the rate on each such REMIC III Group II Regular Interest (other than REMIC III Regular Interest II-ZZ) subject to a cap equal to the lesser of (i) the One-Month LIBOR Pass-Through Rate for the Corresponding Certificate and (ii) the Net Rate Cap for the REMIC IV Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date, and with the rate on REMIC III Regular Interest II-ZZ subject to a cap of zero for the purpose of this calculation; provided, however, that solely for this purpose, the related cap with respect to each REMIC III Group II Regular Interest (other than REMIC III Regular Interests II-AA, II-ZZ, II-IO, II-P, II-1-Sub, II-1-Grp, II-2-Sub, II-2-Grp and II-XX) shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period.
More Definitions of Group II Marker Rate
Group II Marker Rate. With respect to the Class B-IO Certificates and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the Uncertificated REMIC II Pass-Through Rates for REMIC II Regular Interest LT2-AII, REMIC II Regular Interest LT2-2MI, REMIC II Regular Interest LT2-2M2, REMIC II Regular Interest LT2-2B and REMIC II Regular Interest LT2-2ZZ; with the rate on REMIC II Regular Interest LT2-AII subject to a cap equal to (A) in the case of any Distribution Date up to and including the Optional Termination Date, the lesser of (x) 7.000% per annum and (y) the Class II-A Rate Cap and (B) in the case of any Distribution Date after the Optional Termination Date, the lesser of (x) 7.500% per annum and (y) the Class II-A Rate Cap for the purpose of this calculation; with the rate on REMIC II Regular Interest LT2-2MI subject to a cap equal to (A) in the case of any Distribution Date up to and including the Optional Termination Date, the lesser of (x) 6.850% per annum and (y) the Subordinated Certificates Rate Cap and (B) in the case of any Distribution Date after the Optional Termination Date, the lesser of (x) 7.350% per annum and (y) the Subordinated Certificates Rate Cap for the purpose of this calculation; with the rate on REMIC II Regular Interest LT2-2M2 subject to a cap equal to (A) in the case of any Distribution Date up to and including the Optional Termination Date, the lesser of (x) 7.000% per annum and (y) the Subordinated Certificates Rate Cap and (B) in the case of any Distribution Date after the Optional Termination Date, the lesser of (x) 7.500% per annum and (y) the Subordinated Certificates Rate Cap for the purpose of this calculation; with the rate on REMIC II Regular Interest LT2-2B subject to a cap equal to (A) in the case of any Distribution Date up to and including the Optional Termination Date, the lesser of (x) 7.000% per annum and (y) the Subordinated Certificates Rate Cap and (B) in the case of any Distribution Date after the Optional Termination Date, the lesser of (x) 7.500% per annum and (y) the Subordinated Certificates Rate Cap for the purpose of this calculation; and with the rate on REMIC II Regular Interest LT2-2ZZ subject to a cap of zero for the purpose of this calculation.
Group II Marker Rate. With respect to the Class II REMIC A3 Regular Interest and any Distribution Date, a per annum rate equal to two times the weighted average of the Pass-Through Rates for the Corresponding REMIC A2 Marker Interests and REMIC A2 Regular Interest II-LTZZ, with the rate on each Corresponding REMIC A2 Marker Interest subject to a cap equal to the lesser of (i) LIBOR plus the applicable Pass-Through Rate of its Corresponding Class and (ii) the Group II REMIC Cap for such Distribution Date for purposes of this calculation and with the rate on REMIC A2 Regular Interest II-LTZZ subject to a cap of zero for the purpose of this calculation; provided, however, that solely for this purpose, calculations of the Pass-Through Rate and related caps with respect to each Corresponding REMIC A2 Marker Interest shall be multiplied by a fraction, the numerator of which is the actual number of days in the Accrual Period and the denominator of which is 30.
Group II Marker Rate. With respect to the Class SB-II Certificates and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the Uncertificated REMIC III Pass- Through Rates for REMIC III Regular Interest MT-II-2, REMIC III Regular Interest MT-II-3, REMIC III Regular Interest MT-II-4, REMIC III Regular Interest MT-II-5 and REMIC III Regular Interest MT-II-6, with the rate on REMIC III Regular Interest MT-I-2 subject to a cap equal to the least of (a) (i) before the second Distribution Date after the first possible Group II Optional Termination Date, LIBOR plus 0.29% or (ii) on or after the second Distribution Date after the first possible Group II Optional Termination Date, LIBOR plus 0.58%, (b) 14.00% per annum and (c) the Group II Net WAC Cap Rate for the purpose of this calculation; with the rate on REMIC III Regular Interest MT-I-3 subject to a cap equal to the least of (a) (i) before the second Distribution Date after the first possible Group II Optional Termination Date, LIBOR plus 0.80% or (ii) on or after the second Distribution Date after the first possible Group II Optional Termination Date, LIBOR plus 1.20%, (b) 14.00% per annum and (c) the Group II Net WAC Cap Rate for the purpose of this calculation; with the rate on REMIC III Regular Interest MT-I-4 subject to a cap equal to the least of (a) (i) before the second Distribution Date after the first possible Group II Optional Termination Date, LIBOR plus 1.35% or (ii) on or after the second Distribution Date after the first possible Group
Group II Marker Rate. With respect to the Class C Certificates and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the Uncertificated REMIC 1 Pass-Through Rates for REMIC 1 Regular Interest LT1G, REMIC 1 Regular Interest LT1H, REMIC 1 Regular Interest LT1I and REMIC 1 Regular Interest LT1J, with the rate on REMIC 1 Regular Interest LT1G subject to a cap equal to the lesser of (i) LIBOR plus the Certificate Margin of the Class A-2 Certificates and (ii) the related Maximum Cap Rate for the purpose of this calculation, with the rate on REMIC 1 Regular Interest LT1H subject to a cap equal to the lesser of (i) LIBOR plus the Certificate Margin of the Class M-1 Certificates and (ii) the related Maximum Cap Rate for the purpose of this calculation, with the rate on REMIC 1 Regular Interest LT1I subject to a cap equal to the lesser of (i) LIBOR plus the Certificate Margin of the Class M-2 Certificates and (ii) the related Maximum Cap Rate for the purpose of this calculation and with the rate on REMIC 1 Regular Interest LT1J subject to a cap of zero for the purpose of this calculation.
Group II Marker Rate. With respect to the Class CE-II Interest and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the REMIC I Remittance Rate for each of the REMIC I Group II Regular Interests (other than REMIC I Regular Interest II-LTAA), with the rate on each such REMIC I Group II Regular Interest subject to a cap equal to the related Formula Rate for the purpose of this calculation for such Distribution Date and with the rate on REMIC I Regular Interest II-LTZZ subject to a cap of zero for the purpose of this calculation; provided however, each cap and the REMIC I Remittance Rate shall be multiplied by a fraction, the numerator of which is the actual number days in the related Interest Accrual Period and the denominator of which is 30.
Group II Marker Rate. With respect to the Class CE-2 Interest and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the REMIC II-A Remittance Rate for REMIC II-A Regular Interest II-LTAV1, REMIC II-A Regular Interest II-LTAV2, REMIC II-A Regular Interest II-LTAV3, REMIC II-A Regular Interest II-LTMV1, REMIC II-A Regular Interest II-LTMV2, REMIC II-A Regular Interest II-LTMV3, REMIC II-A Regular Interest II-LTMV4, REMIC II-A Regular Interest II-LTMV5, REMIC II-A Regular Interest II-LTMV6, REMIC II-A Regular Interest II-LTMV7 and REMIC II-A Regular Interest II-LTZZ, with the rate on each such REMIC II-A Regular Interest (other than REMIC II-A Regular Interest II-LTZZ) subject to a cap equal to the lesser of (i) One-Month LIBOR plus the related Certificate Margin for the related Corresponding Certificate and (ii) the related Net WAC Pass-Through Rate for the related Corresponding Certificate for the purpose of this calculation for such Distribution Date and with the rate on REMIC II-A Regular Interest II-LTZZ subject to a cap of zero for the purpose of this calculation; provided, however, the caps on each such REMIC II-A Regular Interest shall be multiplied by a fraction, the numerator of which is the actual number of days elapsed in the related Interest Accrual Period and the denominator of which is 30.
Group II Marker Rate. With respect to the Class II-CE Certificates and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the Uncertificated REMIC III Pass-Through Rate for each of REMIC III Regular Interest LTIII-2AR1, REMIC III Regular Interest LTIII-2AR2, REMIC III Regular Interest LTIII-2MR1, REMIC III Regular Interest LTIII-2MR2, REMIC III Regular Interest LTIII-2MR3 and REMIC III Regular Interest LTIII-2ZZ, with the rate on each such REMIC III Regular Interest (other than REMIC III Regular Interest LTIII-2ZZ) subject to a cap equal to Pass-Through Rate for the Corresponding Certificate, and with the rate on REMIC III Regular Interest LTIII-2ZZ subject to a cap of zero for the purpose of this calculation; provided however, each such cap for each REMIC III Regular Interest (other than REMIC III Regular Interest LTIII-2ZZ) shall be multiplied by a fraction the numerator of which is the actual number of days in the related Interest Accrual Period and the denominator of which is 30.