REMIC II Overcollateralization Amount When it comes to people time out-of dedication, (i) 0

Regular Delivery Times setting each Summer 15 and every ; offered, although not, you to definitely, if any instance date shall never be a corporate Time, the fresh associated shipment are produced towards the 2nd thriving Organization Day rather than additional desire

Every quarter Drifting Price Months mode that time of and you will and additionally good Quarterly Beginning Go out to help you but excluding next thriving Every quarter Commencement Date.

Limitation I-LTZZ Uncertificated Focus Deferral Amount With regards to any Shipments Go out, the extra out of (i) accrued desire on REMIC I Remittance Rates appropriate so you’re able to REMIC I Normal Attract I-LTZZ to possess eg Delivery Big date to the a balance comparable to the brand new Uncertificated Balance off REMIC I Normal Desire We-LTZZ minus the REMIC I Overcollateralized Number, into the for each situation to have particularly Distribution Day, more than (ii) Uncertificated Appeal to your REMIC I Regular Attract We-LTA1, REMIC We Normal Notice We-LTA2, REMIC I Regular Notice I-LTA3, REMIC I Normal Desire We-LTA4, REMIC We Normal Attention We-LTM1, REMIC I Typical Attract We-LTM2, REMIC I Normal Attention I-LTM3, REMIC We Regular best personal loans in Hawai banks Appeal I-LTM4, REMIC I Normal Focus We-LTM5, REMIC I Normal Attention We-LTM6, REMIC I Typical Interest We-LTM7, REMIC I Normal Interest I-LTM8, REMIC We Normal Notice I-LTM9 and you will REMIC We Typical Focus We-LTM10 to have such Shipments Date, toward rate on every such as for example REMIC We Normal Attract subject to help you a limit equal to the new lower from (i) One-Month LIBOR in addition to related Margin to your related Corresponding Certification and you will (ii) the net WAC Citation-Owing to Rate into the related Corresponding Certificate; considering, not, for every cover are increased by the a fraction, the numerator at which ‘s the genuine amount of months elapsed regarding related Interest Accrual Period while the denominator of which try 31.

Revolving Interest function an interest rate per year equal to (a) the whole Option Foot Price therefore the Relevant Margin with regards to Home-based Price Financing and you may (b) the sum of the Eurodollar Speed as well as the Relevant Margin having value so you’re able to Eurodollar Rates Fund

Corresponding Lower-Tier Regular Appeal While the identified from the Preliminary Declaration relating to virtually any Group of Prominent Equilibrium Licenses otherwise Role.

Floating Quarterly Bonus Speed setting, for all the Every quarter Drifting Speed Months, the interest rate (expressed because the a portion speed round right down to the new nearest that hundred-thousandth of one percent (having 0.000005% becoming rounded up)) equivalent to the entire T-Bill Rate on applicable Floating Rate Computation Time along with step 1.60% (computed using the actual number of weeks elapsed such Every quarter Drifting Rates Period divided because of the 365).

CB Floating Rates means the top Price; provided new CB Drifting Rate shall not lower than new Modified 30 days LIBOR Speed on such as big date (or if such as for instance go out isnt a corporate Time, the newest instantly preceding Business day).

Category X Notional Harmony In terms of people Shipments Date (and associated Accrual Several months) the latest aggregate principal balance of your own typical passion when you look at the REMIC step three as the given about Initial Report hereto.

50% of one’s aggregate Uncertificated Balance of your REMIC II Regular Welfare (besides REMIC II Typical Interest P) without (ii) new aggregate of one’s Uncertificated Stability from REMIC II Normal Focus A-step 1, REMIC II Typical Focus A beneficial-2A, REMIC II Regular Attention A-2B, REMIC II Normal Attention A good-2C, REMIC II Regular Desire A good-2D, REMIC II Normal Desire M-step one, REMIC II Normal Attention Yards-2, REMIC II Typical Attention M-step 3, REMIC II Regular Appeal Meters-cuatro, REMIC II Typical Attention M-5, REMIC II Typical Desire Meters-6, REMIC II Normal Notice M-7, REMIC II Typical Interest Yards-8, REMIC II Regular Interest Yards-nine, REMIC II Typical Notice Meters-10 and you can REMIC II Typical Attention M-eleven, into the each circumstances as of instance day out of commitment.