Certificate Margin Clause Samples
Certificate Margin. Reference to any of the Class A Margin, Class M-1 Margin, Class M-2 Margin or Class B Margin.
Certificate Margin. 7 Certificateholder...........................................................................................8
Certificate Margin. 6 Certificateholder" or "Holder........................................................7
Certificate Margin. Not Applicable.
Certificate Margin. 18 Certificateholder..........................................................................................19
Certificate Margin. The certificate margin ("Certificate Margin") shall be 150.0 basis points per annum adjusted as follows:
(i) prior to the Initial Certificate Margin Adjustment Date, plus zero (0) basis points per annum; or
(ii) as of the most recent Adjustment Date on or preceding the date of determination, for the Return Period which begins on such Adjustment Date and for each subsequent Return Period until the next succeeding Adjustment Date occurs:
(1) if the R&B Usage Ratio is less than 0.5, the product of the Inverse R&B Usage Ratio and five (5.0) basis points per annum (which product shall be a negative number) applied in reduction of the 150 basis points in clause (A) above;
(2) if the R&B Usage Ratio is equal to 0.5, plus zero (0) basis points per annum; or
(3) if the R&B Usage Ratio is greater than 0.5, plus the product of the R&B Usage Ratio and 12.5 basis points per annum.
Certificate Margin. 1.450%; provided, however, that in the event the Index is replaced, the Certificate Margin will be increased or decreased by the amount by which the Mortgage Loan Margin for each Mortgage Loan is increased or decreased (before rounding of the replacement Mortgage Loan Margin pursuant to the related Mortgage Note).
Certificate Margin. 3 Certificateholder...............................................................................4 Holder..........................................................................................4