Common use of Weighted Average Pass-Through Rate Clause in Contracts

Weighted Average Pass-Through Rate. For any Distribution Date, the weighted average of the Pass-Through Rates on the Group 1 and Group 2 Mortgage Loans as of the second preceding Due Date (after giving effect to (i) payments due on the Mortgage Loans on such Due Date and (ii) except for the first Distribution Date, any Payoffs on WMB Loans received on or before the 14th day of the calendar month of such Due Date).

Weighted Average Pass-Through Rate. For any Distribution Date, the weighted average of the Pass-Through Rates on the Group 1 3, Group 4 and Group 2 5 Mortgage Loans as of the second preceding Due Date (after giving effect to (i) payments due on the Mortgage Loans on such Due Date and (ii) except for the first Distribution Date, any Payoffs on WMB Loans received on or before the 14th day of the calendar month of such Due Date).