Class M-1 Reference Tranche definition

Class M-1 Reference Tranche means a Reference Tranche associated with the Reference Pool that is pro rata with the Class M-1H Reference Tranche, with an Initial Class Notional Amount as set forth in Annex 1, and which, together with the Class M-1H Reference Tranche, has an Initial Subordination and Credit Enhancement in respect of the Reference Pool as set forth in Annex 1.
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Class M-1 Reference Tranche means a Reference Tranche associated with the Covered Pool, with an Initial Class Notional Amount and an Initial Subordination and Credit Enhancement as set forth in Article VI(B)(3) and Annex 1 respectively.
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Class M-1 Reference Tranche means a Reference Tranche associated with the Reference Pool, with an Initial Class Notional Amount and an Initial Subordination and Credit Enhancement as set forth in Annex 1.
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Examples of Class M-1 Reference Tranche in a sentence

  • With respect to (i) the Class M-1 Notes, the Class M-1 Reference Tranche, (ii) the Class M-2 Notes, the Class M-2 Reference Tranche, (iii) the Class M-3A Notes, the Class M-3A Reference Tranche, (iv) the Class M-3B Notes, the Class M-3B Reference Tranche and (v) the Class B Notes, the Class B Reference Tranche.

  • With respect to (i) the Class M-1 Notes, the Class M-1 Reference Tranche, (ii) the Class M-2 Notes, the Class M-2 Reference Tranche, (iii) the Class M-3 Notes, the Class M-3 Reference Tranche, and (iv) the Class B Notes, the Class B Reference Tranche.

  • With respect to (i) the Class M-1 Notes, the Class M-1 Reference Tranche, (ii) the Class M-2 Notes, the Class M-2 Reference Tranche, (iii) the Class M-3 Notes, the Class M-3 Reference ▇▇▇▇▇▇▇, and (iv) the Class B Notes, the Class B Reference Tranche.

  • Corresponding Class of Reference Tranches: With respect to (i) the Class M-1 Notes, the Class M-1 Reference Tranche, (ii) the Class M-2 Notes, the Class M-2 Reference Tranche, (iii) the Class M-3 Notes, the Class M-3 Reference Tranche, and (iv) the Class B Notes, the Class B Reference Tranche.

  • With respect to (i) the Class M-1 Notes, the Class M-1 Reference Tranche; and (ii) the Class M-2 Notes, the Class M-2 Reference Tranche.

  • Corresponding Class of Reference Tranches: With respect to (i) the Class M-1 Notes, the Class M-1 Reference Tranche, (ii) the Class M-2 Notes, the Class M-2 Reference Tranche, (iii) the Class M-3 Notes, the Class M-3 Reference ▇▇▇▇▇▇▇, and (iv) the Class B Notes, the Class B Reference Tranche.

Related to Class M-1 Reference Tranche

  • Class M-1 Margin As of any Distribution Date up to and including the Initial Optional Termination Date, 0.300% per annum and, as of any Distribution Date after the Initial Optional Termination Date, 0.450% per annum.

  • Class M-2 Margin For any Distribution Date on or prior to the Optional Termination Date, 1.150% per annum and, for any Distribution Date after the Optional Termination Date, 1.725% per annum.

  • Class M-3 Margin As of any Distribution Date up to and including the Initial Optional Termination Date, 0.3300% per annum and, as of any Distribution Date after the Initial Optional Termination Date, 0.4950% per annum.

  • Class M-4 Pass-Through Rate For the first Distribution Date, ____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-4 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class M-3 Pass-Through Rate For the first Distribution Date, _____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-3 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.