Pass-Through Margin. With respect to each Class of Offered Certificates (except as set forth in the following sentence), the following percentages: Class A-1 Certificates, 0.1700%; Class A-2a Certificates, 0.0700%; Class A-2b Certificates, 0.1200%; Class A-2c Certificates, 0.1800%; Class A-2d Certificates, 0.2700%; Class M-1 Certificates, 0.3300%; Class M-2 Certificates, 0.3500%; Class M-3 Certificates, 0.3700%; Class M-4 Certificates, 0.4800%; Class M-5 Certificates, 0.4900%; Class M-6 Certificates, 0.5700%; Class B-1 Certificates, 1.1000%; Class B-2 Certificates, 1.2000%; and Class B-3 Certificates, 2.1500%. On the first Distribution Date after the Optional Termination Date, the Pass-Through Margins shall increase to: Class A-1 Certificates, 0.3400%; Class A-2a Certificates, 0.1400%; Class A-2b Certificates, 0.2400%; Class A-2c Certificates, 0.3600%; Class A-2d Certificates, 0.5400%; Class M-1 Certificates, 0.4950%; Class M-2 Certificates, 0.5250%; Class M-3 Certificates, 0.5550%; Class M-4 Certificates, 0.7200%; Class M-5 Certificates, 0.7350%; Class M-6 Certificates, 0.8550%; Class B-1 Certificates, 1.6500%; Class B-2 Certificates, 1.8000%; and Class B-3 Certificates, 3.2250%.
Pass-Through Margin. With respect to each Class of Regular Certificates, the following percentages: Class A-1A Certificates, 0.220%; Class A-1B Certificates, 0.280%; Class A-2A Certificates, 0.070%; Class A-2B Certificates, 0.180%; Class A-2C Certificates, 0.290%; Class M-1 Certificates, 0.400%; Class M-2 Certificates, 0.540%; Class M-3 Certificates, 0.640%; Class B-1 Certificates, 1.180%; Class B-2 Certificates, 1.400%; Class B-3 Certificates, 1.900% and Class B-4 Certificates, 1.900%. On the first Distribution Date after the Optional Termination Date, the Pass-Through Margins shall increase to: Class A-1A Certificates, 0.440%; Class A-1B Certificates, 0.560%; Class A-2A Certificates, 0.140%; Class A-2B Certificates, 0.360%; Class A-2C Certificates, 0.580%; Class M-1 Certificates, 0.600%; Class M-2 Certificates, 0.810%; Class M-3 Certificates, 0.960%; Class B-1 Certificates, 1.770%; Class B-2 Certificates, 2.100%; Class B-3 Certificates, 2.850% and Class B-4 Certificates, 2.850%.
Pass-Through Margin. With respect to each Class of Regular Certificates, the following percentages: Class A-1 Certificates, 0.370%; Class A-2A Certificates, 0.200%; Class A-2B Certificates, 0.600%; Class M-1 Certificates, 0.850%; Class M-2 Certificates, 1.600%; Class B-1 Certificates, 2.100%; and Class B-2 Certificates, 2.400%. On the first Distribution Date after the Optional Termination Date, the Pass-Through Margins shall increase to: Class A-1 Certificates, 0.740%; Class A-2A Certificates, 0.400%; Class A-2B Certificates, 1.200%; Class M-1 Certificates, 1.275%; Class M-2 Certificates, 2.400%; Class B-1 Certificates, 3.150%; and Class B-2 Certificates, 3.600%.
Examples of Pass-Through Margin in a sentence
LIBOR plus the applicable Pass-Through Margin, and (ii) the WAC Cap.
Pass-Through Margin: Any of the Class A-1 Pass-Through Margin, the Class A-2 Pass-Through Margin, the Class A-3 Pass-Through Margin, the Class M-1 Pass-Through Margin, the Class M-2 Pass-Through Margin, the Class M-3 Pass-Through Margin, the Class M-4 Pass-Through Margin, the Class M-5 Pass-Through Margin, the Class M-6 Pass-Through Margin, the Class B-1 Pass-Through Margin, the Class B-2 Pass-Through Margin, the Class B-3 Pass-Through Margin or the Class R Pass-Through Margin.
Pass-Through Rate: With respect to any class of the LIBOR Certificates on any Distribution Date, the lesser of (1) One-Month LIBOR plus the related Pass-Through Margin for such class of Certificates, (2) the Available Funds Cap and (3) the Maximum Rate Cap.
More Definitions of Pass-Through Margin
Pass-Through Margin. With respect to the Interest Accrual Period for any Distribution Date and Class of LIBOR Certificates, the per annum rate indicated in the following table:
Pass-Through Margin. With respect to each Class of Regular Certificates, the following percentages: Class A-1, 0.050%; Class A-2, 0.160%; Class A-3, 0.220%; Class M-1, 0.230%; Class M-2, 0.310%; Class M-3, 0.330%; Class M-4, 0.410%; Class M-5, 0.500%; Class B-1, 0.850%; Class B-2, 2.000%; Class B-3, 2.250%; and Class B-4, 2.250%. On the first Distribution Date after the Optional Termination Date, the Pass-Through Margins shall increase to: Class A-1, 0.100%; Class A-2, 0.320%; Class A-3, 0.440%; Class M-1, 0.345%; Class M-2, 0.465%; Class M-3, 0.495%; Class M-4, 0.615%; Class M-5, 0.750%; Class B-1, 1.275%; Class B-2, 3.000%; Class B-3, 3.375%; and Class B-4, 3.375%.
Pass-Through Margin. For each Class of LIBOR Certificates for the Interest Accrual Period related to any Distribution Date, as follows:
Pass-Through Margin. With respect to each Class of Regular Certificates, the following percentages: Class A-1 Certificates, 0.400%, Class A-2 Certificates, 0.390%, Class M-1 Certificates, 0.650%, Class M-2 Certificates, 1.300% and Class M-3 Certificates, 2.250%. On the first Distribution Date after the Optional Termination Date, the Pass-Through Margins shall increase to: Class A-1 Certificates, 0.800%; Class A-2 Certificates, 0.780%, Class M-1 Certificates, 0.975%, Class M-2 Certificates, 1.950% and Class M-3 Certificates, 3.300%.
Pass-Through Margin. For each Class of Certificates and the Interest Accrual Period related to each Distribution Date, as follows:
Pass-Through Margin. With respect to the Interest Accrual Period for any Distribution Date and Class of LIBOR Certificates, the per annum rate indicated in the following table: Class of LIBOR Certificates Pass-Through Margin --------------------------- ------------------- (1) (2) --------- --------- Class A-1 0.120%(3) 0.240%(3) Class A-2 0.210% 0.420% Class A-3 0.250% 0.500% Class M-1 0.290% 0.435% Class M-2 0.300% 0.450% Class M-3 0.320% 0.480% Class M-4 0.350% 0.525% Class M-5 0.400% 0.600% Class M-6 0.440% 0.660% Class M-7 0.500% 0.750% Class M-8 1.000% 1.500% Class M-9 1.150% 1.725% Class M-10 2.000% 3.000% Class M-11 2.250% 3.375%
Pass-Through Margin. With respect to each Class of Regular Certificates, on or prior to the Optional Termination Date the following percentages: Class A-1, 0.3700%; Class A-2, 0.1900%; Class A-3, 0.3400%; Class A-4, 0.5100%; Class M-1, 0.6300%; Class M-2, 1.1500%; Class M-3, 1.2500%; Class B-1, 1.7500%; Class B-2, 1.8500%; Class B-3, 3.1100%; and Class B-4, 3.7500%. On the first Distribution Date after the Optional Termination Date, the Pass-Through Margins shall increase to the following percentages: Class A-1, 0.7400%; Class A-2, 0.3800%; Class A-3, 0.6800%; Class A-4, 1.0200%; Class M-1, 0.9450%; Class M-2, 1.7250%; Class M-3, 1.8750%; Class B-1, 2.6250%; Class B-2, 2.7750%; Class B-3, 4.6650%; and Class B-4, 5.6250%.