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-4 Pass-Through Rate. For each Distribution Date, the lesser of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the Class M-4 Certificate Margin and (b) the Pool Maximum Rate Cap.
Class M-4 Pass-Through Rate means (i) on any Distribution Date which occurs on or prior to the Optional Termination Date, the lesser of (1) One-Month LIBOR plus 0.480% per annum and (ii) 11.00% per annum and (ii) for each Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus 0.720% per annum and (ii) 11.00% per annum, in each case subject to a cap equal to the related Net Rate Cap for such Distribution Date.
More Definitions of Class M-4 Pass-Through Rate
Class M-4 Pass-Through Rate. For any Distribution Date, the lesser of (i) One-Month LIBOR plus the Class M-4 Margin and (ii) the Net Rate Cap for such Distribution Date.
Class M-4 Pass-Through Rate. With respect to each Distribution Date thereafter, a per annum rate equal to the least of (i) the sum of One-Month LIBOR for that Distribution Date plus (A) on or prior to the first possible Optional Termination Date, 1.850 % or (B) after the first possible Optional Termination Date, 2.350%, (ii) the applicable Net Funds Cap, (iii) the Maximum Interest Rate and (iv) the applicable Cap Rate.
Class M-4 Pass-Through Rate. With respect to each Distribution Date, the least of:
Class M-4 Pass-Through Rate. With respect to the initial Interest Accrual Period, based on a LIBOR determination date of March 24, 2005, 3.48% per annum. With respect to any Interest Accrual Period thereafter, will be a per annum rate equal to the lesser of (i) the sum of LIBOR plus the related Certificate Margin and (ii) the Net Funds Cap.
Class M-4 Pass-Through Rate. With respect to the initial Interest Accrual Period (a) on or prior to the Optional Termination Date, the lesser of (i) [__________]% per annum and (ii) the Net Funds Cap, and (b) after the Optional Termination Date, the lesser of (i) [__________]% per annum and (ii) the Net Funds Cap.
Class M-4 Pass-Through Rate. As of any Distribution Date up to and including the Optional Termination Date for the Class M-4 Certificates, the least of (1) 5.95455% per annum, (2) the Subordinated Available Funds Cap for such Distribution Date and (3) the Subordinated Maximum Rate Cap for such Distribution Date and, as of any Distribution Date after the Optional Termination Date, the least of (1) 6.45455% per annum, (2) the Subordinated Available Funds Cap for such Distribution Date and (3) the Subordinated Maximum Rate Cap for such Distribution Date.
Class M-4 Pass-Through Rate. With respect to any Interest Accrual Period, will be a per annum rate equal to the lesser of (i) the sum of LIBOR plus the related Certificate Margin and (ii) the Subordinate Net Funds Cap.