Weighted Average Net Mortgage Interest Rate definition

Weighted Average Net Mortgage Interest Rate. As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

Weighted Average Net Mortgage Interest Rate. As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans. WFHM: Wells Fargo Home Mortgage, Inc., or its successor in interest.

Weighted Average Net Mortgage Interest Rate. The weighted average (based on Principal Balance as of the first calendar day of the related Collection Period or, in the case of the first Distribution Date, the Cut-Off Date) of the Net Mortgage Interest Rates of the Mortgage Loans, expressed as an annual rate and calculated on the basis of twelve months consisting of 30 days each and a 360-day year.

Examples of Weighted Average Net Mortgage Interest Rate in a sentence

• Interest will accrue on the Class A-WIO Certificates during each month in an amount equal to the product of (A) 1/12th of (i) the Weighted Average Net Mortgage Interest Rate of the Premium Mortgage Loans on the first day of such month minus (ii) 7.500% and (B) the Class A-WIO Notional Amount as of the related Distribution Date.

• Interest will accrue on the Class A-WIO Certificates during each month in an amount equal to the product of (A) 1/12th of (i) the Weighted Average Net Mortgage Interest Rate of the Premium Mortgage Loans on the first day of such month minus (ii) 7.250% and (B) the Class A-WIO Notional Amount as of the related Distribution Date.

• Interest will accrue on the Class A-WIO Certificates during each month in an amount equal to the product of (A) 1/12th of (i) the Weighted Average Net Mortgage Interest Rate of the Premium Mortgage Loans on the first day of such month minus (ii) 7.00% and (B) the Class A-WIO Notional Amount as of the related Distribution Date.

• Interest will accrue on the Class A-WIO Certificates during each month in an amount equal to the product of (A) 1/12th of (i) the Weighted Average Net Mortgage Interest Rate of the Premium Mortgage Loans on the first day of such month minus (ii) 6.750% and (B) the Class A-WIO Notional Amount as of the related Distribution Date.

• Interest will accrue on the Class A-WIO Certificates during each month in an amount equal to the product of (A) 1/12th of (i) the Weighted Average Net Mortgage Interest Rate of the Premium Mortgage Loans on the first day of such month minus (ii) 7.50% and (B) the Class A-WIO Notional Amount as of the related Distribution Date.

More Definitions of Weighted Average Net Mortgage Interest Rate

Weighted Average Net Mortgage Interest Rate. The weighted average (based on the unpaid principal balance of the Mortgage Loans as of the first day of the related Collection Period or, in the case of the initial Distribution Date, the applicable Cut-off Date) of the Net Mortgage Interest Rates of the Mortgage Loans expressed for each such Mortgage Loan as an annual rate and calculated on the basis of twelve months consisting of 30 days each and a 360 day year. "Wells Fargo Bank" Wells Fargo Bank, N.A., a national banking associatxxx, or its succesxxx xn interest.

Weighted Average Net Mortgage Interest Rate. With respect to any Distribution Date, the average of the Net Mortgage Interest Rates of all Outstanding Mortgage Loans weighted on the basis of their Stated Principal Balances immediately following the preceding Distribution Date (or, in the case of the initial Distribution Date, weighted on the basis of their Issue Date Principal Balances).

Weighted Average Net Mortgage Interest Rate. The weighted average (based on the unpaid principal balance of the related Mortgage Loans as of the first day of the related Collection Period or, in the case of the first Distribution Date, the applicable Cut-off Date) of the Net Mortgage Interest Rates of the Mortgage Loans, the Group I Mortgage Loans or the Group II Mortgage Loans, as applicable, expressed for each such Mortgage Loan as an annual rate and calculated on the basis of twelve months consisting of 30 days each and a 360 day year. "Xxxxx Fargo Bank" Xxxxx Fargo Bank, N.A., a national banking association, or its successor in interest.

Weighted Average Net Mortgage Interest Rate. The weighted average (based on Principal Balance as of the first day of the related Collection Period or, in the case of the first Distribution Date, the Cut-Off Date) of the Net Mortgage Interest Rates of the Mortgage Loans, the Group 1 Mortgage Loans, the Group 2 Mortgage Loans or the Group 3 Mortgage Loans, as applicable, expressed for each such Mortgage Loan as an annual rate and calculated on the basis of twelve months consisting of 30 days each and a 360-day year. With respect to the Distribution Date in September 2006, the Weighted Average Net Mortgage Interest Rate of the Group 3 Mortgage Loans shall be multiplied by a fraction, the numerator of which is 528,008,647 and the denominator of which is 622,143,497.

Weighted Average Net Mortgage Interest Rate. The weighted average (based on the unpaid principal balance of the related Mortgage Loans as of the first day of the related Collection Period or, in the case of the first Distribution Date, the applicable Cut-Off Date) of the Net Mortgage Interest Rates of the Mortgage Loans, the Group I Mortgage Loans or the Group II Mortgage Loans, as applicable, expressed for each such Mortgage Loan as an annual rate and calculated on the basis of twelve months consisting of 30 days each and a 360 day year. "Wells Fargo Bank" Wells Fargo Bank, N.A., a national banking associatiox, xx its successox xx interest.

Weighted Average Net Mortgage Interest Rate. The weighted average (based on the unpaid principal balance as of the first day of the related Collection Period or, in the case of the first Distribution Date, the applicable Cut-Off Date) of the Net Mortgage Interest Rates of the Mortgage Loans, the Group I Mortgage Loans or the Group II Mortgage Loans, as applicable, expressed for each such Mortgage Loan as an annual rate and calculated on the basis of twelve months consisting of 30 days each and a 360 day year. "Wells Fargo Bank" Wells Fargo Bank, N.A., a national banking associatiox, xx its successox xx interest.

Weighted Average Net Mortgage Interest Rate. For any Distribution Date, a per annum rate (expressed on the basis of a 360-day year consisting of twelve 30-day months) equal to the average of the Net Mortgage Interest Rates of the Mortgage Loans (weighted on the basis of the Stated Principal Balances of the Mortgage Loans as of the first day of the related Collection Period).