Examples of Subordinate Net WAC in a sentence

For any Distribution Date on which the difference between (a) the Subordinate Net WAC Cap for such date, and (b) the weighted average of the rates on the Offered Certificates is less than 0.25%, an amount that would cause the balance held in the Basis Risk Reserve Fund to equal 0.50% of the Assumed Principal Balance of the Mortgage Loans for such date, and, for any other Distribution Date, the amount that would cause the balance held in the Basis Risk Reserve Fund to equal $1,000.
The Class B-1, Class B-2 and Class B-3 Certificates will initially have an interest rate equal to the least of (i) one-month LIBOR plus [ ] bps (which margin is multiplied by [1.5] after the Clean-Up Call Date (as described herein)), (ii) the Subordinate Net WAC and (iii) 11.75%.
The Group I Net WAC Cap, Group II Net WAC Cap, and Subordinate Net WAC Cap are calculated using the above noted assumptions.
Any of the Fixed Rate Net WAC Cap, the Variable Rate Net WAC Cap or the Subordinate Net WAC Cap, as applicable.
Subordinate Net WAC Rate: The weighted average (weighted on the basis of the results of subtracting from the aggregate principal balance of each loan group the sum of the current certificate principal balances of the related classes of the Class A Certificates) of (1) the Group I Net WAC Rate and (2) the Group II Net WAC Rate less the related cap fee rate.

More Definitions of Subordinate Net WAC

Subordinate Net WAC. With respect to any Distribution Date, will equal the weighted average of the Net WAC of the Group 1 Mortgage Loans and the Net WAC of the Group 2 Mortgage Loans, in each case, weighted on the basis of the Subordinate Component for the Group 1 and Group 2 Mortgage Loans, respectively.

Subordinate Net WAC. For any Distribution Date, the weighted average of the Pool 1 Net WAC, the Pool 2 Net WAC, the Pool 3 Net WAC, the Pool 4 Net WAC and the Pool 5 Net WAC, in each case weighted on the basis of the relative Pool Subordinate Amounts for Pool 1, Pool 2, Pool 3, Pool 4 and Pool 5, respectively, for such Distribution Date. For federal income tax purposes, Subordinate Net WAC will equal the Calculation Rate following the allocation of Principal Amounts or Principal Relocation Payments for such Distribution Date as provided in the Preliminary Statement.

Subordinate Net WAC. For any Distribution Date, a per annum rate equal to the weighted average of the Loan Group I Net WAC and the Loan Group II Net WAC, weighted in proportion to the results of subtracting from the aggregate Stated Principal Balance of the Mortgage Loans of each Loan Group as of the beginning of the Due Period immediately preceding such Distribution Date, the aggregate Class Certificate Balance of the Senior Certificates related to each such Loan Group.

Subordinate Net WAC. With respect to any Distribution Date, the weighted average of the Group 1 Net WAC, the Group 2 Net WAC, the Group 3 Net WAC and the Group 4 Net WAC (in the case of the Group 4 Net WAC, multiplied by the quotient obtained by dividing 30 by the actual number of days in the related Accrual Period) for such Distribution Date, calculated without regard to any insurance premium rate and weighted on the basis of the Subordinate Components for Loan Group 1, Loan Group 2, Loan Group 3 and Loan Group 4 for such Distribution Date.

Subordinate Net WAC. With respect to any Distribution Date, the weighted average of the Group 1A1 Net WAC, Group 1A2 Net WAC, Group 2 Net WAC and the Group 3 Net WAC for such Distribution Date, and weighted on the basis of the Subordinate Components for Loan Group 1A1, Loan Group 1A2, Loan Group 2 and Loan Group 3, respectively, 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%.

Subordinate Net WAC. For any Distribution Date, the weighted average of the Pool 1 Net WAC, the Pool 2 Net WAC, Pool 3 Net WAC, Pool 4 Net WAC, the Pool 5 Net WAC, Pool 6 Net WAC and Pool 7 Net WAC, in each case weighted on the basis of the related Pool Subordinate Amounts for Pool 1, Pool 2, Pool 3, Pool 4, Pool 5, Pool 6 and Pool 7, respectively, for such Distribution Date. For federal income tax purposes, the Subordinate Net WAC will equal the Calculation Rate following the allocation of principal amounts or Principal Relocation Payments for such Distribution Date as provided in the Preliminary Statement.

Subordinate Net WAC. For any Distribution Date, the weighted average of the Pool [ ] Net WAC, the Pool [ ] Net WAC, Pool [ ] Net WAC, Pool [ ] Net WAC, Pool [ ] Net WAC and Pool [ ] Net WAC, in each case weighted on the basis of the related Pool Subordinate Amounts for Pool [ ], Pool [ ], Pool [ ], Pool [ ], Pool [ ] and Pool [ ], respectively, for such Distribution Date. For federal income tax purposes, the Subordinate Net WAC will equal the Calculation Rate following the allocation of principal amounts or Principal Relocation Payments for such Distribution Date as provided in the Preliminary Statement.