Class M Swap Rate definition

Class M Swap Rate means [•]% per annum.]
View Source
Class M Swap Rate means, with respect to any Distribution Date, the fixed rate per annum indicated on Schedule I to the ISDA confirmation for the Class M Swap for the period end date falling on such Distribution Date.
View Source
Class M Swap Rate means, with respect to any Distribution Date, the fixed rate per annum indicated on Schedule I to the ISDA confirmation for the Class M Swap for the period end date falling on such Distribution Date.]
View Source

More Definitions of Class M Swap Rate

Class M Swap Rate means 3.275% per annum.
View Source
Class M Swap Rate means 3.275% per annum. “Closing Date” means September 12, 2008.
View Source

Related to Class M Swap Rate

  • 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.

  • Class M-2 Pass-Through Rate For the first Distribution Date, 5.6800% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class M-2 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.

  • 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-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.