Class A-S Pass-Through Rate definition
Class A-S Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to the lesser of (i) the Weighted Average Net Mortgage Rate for such Distribution Date and (ii) 3.752%.
Examples of Class A-S Pass-Through Rate in a sentence
Interest on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating to such Distribution Date at the Class A-S Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.
More Definitions of Class A-S Pass-Through Rate
Class A-S Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to a fixed rate of 4.1095%.
Class A-S Pass-Through Rate. As set forth in “Description of the Certificates—Distributions—Pass-Through Rates” in the Prospectus Supplement; provided that such Pass-Through Rate for the initial Distribution Date shall be as set forth in the Preliminary Statement hereto.
Class A-S Pass-Through Rate. With respect to the Class A-S Components: related to Loan Group I, the Adjusted Weighted Average Net Mortgage Rate; related to Loan Group II, the Group II Certificate Interest Rate; and related to Loan Group III, the Group III Certificate Interest Rate; provided, however, for federal income tax purposes, the interest rate on the Class A-S Certificates will equal, on any Distribution Date, a per annum rate equal to the weighted average of the Uncertificated Pass-Through Rates of Uncertificated REMIC 2 Regular Interest MTAS-I, the Uncertificated REMIC 2 Regular Interest MTAS-II and the Uncertificated REMIC 2 Regular Interest MTAS-III, weighted based on their respective Uncertificated Principal Balances.