Class B Pass-Through Rate definition

Class B Pass-Through Rate. As to any Distribution Date, 6.500% per annum.
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Class B Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to the Weighted Average Net Mortgage Rate for such Distribution Date.
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Class B Pass-Through Rate. For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date.
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Examples of Class B 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 B Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.

  • Interest will accrue on the Class B Certificates during each Interest Accrual Period at a rate equal to the lesser of (i) the Class B Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.

  • The pass-through rate with respect to the Class B-L1 Interest, Class B-L2 Interest, Class B-L3 Interest, Class B-L4 Interest, Class B-L5 Interest and Class B-L6 Interest shall be equal to the Class B Pass-Through Rate.

  • 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 [B] Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.

  • Moreover, if the Class B Pass-Through Rate exceeds the Class A Pass-Through Rate, the Seller and the Certificateholders (by accepting a beneficial interest in a Certificate) agree to (i) treat the Certificates as representing undivided beneficial ownership interests in the Receivables (other than the Retained Yield), and (ii) treat the Class A Certificateholders as having sold, and the Class B Certificateholders as having purchased, the Class B Stripped Coupon.


More Definitions of Class B Pass-Through Rate

Class B Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to 3.9990%.
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Class B Pass-Through Rate. For any Distribution Date, a per annum rate equal to the lesser of (a) 3.984% and (b) the WAC Rate for such Distribution Date.
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Class B Pass-Through Rate. As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.
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Class B Pass-Through Rate. The per annum rate set forth in the Introductory Statement hereto with respect to the Class B Certificates.
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Class B Pass-Through Rate. A per annum rate equal to the WAC Rate minus 0.25%.
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Class B Pass-Through Rate. With respect to any Distribution Date, a fixed rate per annum equal to ___%.
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Class B Pass-Through Rate. For any Distribution Date, the lesser of (i) One-Month LIBOR plus the Class B Margin and (ii) the Net Rate Cap for such Distribution Date.
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