Subordinate Adjusted Net WAC definition
Subordinate Adjusted Net WAC. For any Distribution Date, the weighted average of the Group 1 Adjusted Net WAC and the Group 2 Adjusted Net WAC for such Distribution Date, weighted on the basis of the Subordinate Component for Loan Group 1 and Loan Group 2 for such Distribution Date.
Subordinate Adjusted Net WAC means for any Distribution Date, a per annum rate not less than zero, expressed as a percentage, equal to the weighted average of the Group M Adjusted Net WAC and Group H Adjusted Net WAC for such Distribution Date, weighted based on the product of the aggregate Unpaid Principal Balance of each Mortgage Group as of the preceding Distribution Date multiplied by the Subordinate Percentage for the related Mortgage Group for such Distribution Date.
Subordinate Adjusted Net WAC. With respect to any Distribution Date, the weighted average of the Group 1 Adjusted Net WAC and Group 2 Adjusted Net WAC for such Distribution Date, weighted on the basis of the Subordinate Component for Loan Group 1 and Loan Group 2 for such Distribution Date. For purposes of the REMIC Provisions, for any Distribution Date, the Subordinate Adjusted Net WAC shall also equal the product of (i) 2 multiplied by (ii) the weighted average of the interest rates on the MT-ZB and MT-YB Interests weighted on the basis of their principal balances after taking into account distributions on such Distribution Date and computed for this purpose by subjecting the interest rate on the MT-YB Interest to a cap of 0.00%.
More Definitions of Subordinate Adjusted Net WAC
Subordinate Adjusted Net WAC. With respect to any Distribution Date, the weighted average of the Subgroup 2A Adjusted Cap Rate, the Subgroup 2B Adjusted Cap Rate and the Subgroup 2C Adjusted Cap Rate (without regard to the adjustment applicable to the Class 2-A2 Certificates)for such Distribution Date, weighted on the basis of the Subordinate Component for Subgroup 2A, Subgroup 2B and Subgroup 2C for such Distribution Date. For purposes of the REMIC Provisions and for computing the interest rate on the Class 2-X and Class 2-PO Certificates, the Subordinate Net WAC also equals the product of (i) 2 and (ii) the weighted average of the rates on the MT2-BZ and MT2-BY Interests, computed for these purposes by first subjecting the interest rate on the MT2-BY Interest to a cap of 0.00%, and weighted on the basis of their principal balances after taking into account distributions on the MT2-BZ and MT2-BY Interests on such Distribution Date.