Common use of Certificate Rate Clause in Contracts

Certificate Rate. As to each Class of Senior Certificates, the per annum rate set forth as follows: Class IA-1: 6.50%, Class IA-2: 6.84%, Class IA-3: 7.23%, Class IIA: 6.98%, Class IS: 0.45% and Class IIS: 0.50%; provided, however, with respect to any Distribution Date after the first Distribution Date and each Class of Group IA Certificates, if the Maximum Rate for such Distribution Date is less than the rate designated to such Class in the immediately preceding clause, the Certificate Rate for such Distribution Date shall be the Maximum Rate. Certificate Register and Certificate Registrar. The register established, and the registrar appointed, pursuant to Section 5.02.