Examples of Class A-5 Pass-Through Rate in a sentence
Aggregate current interest (a) Class A-1 Pass-Through Rate (7.52%) ---------- (b) Class A-1 Interest ---------- (c) Class A-2 Pass-Through Rate (7.67%) ---------- (d) Class A-2 Interest ---------- (e) Class A-3 Pass-Through Rate (7.89%) ---------- (f) Class A-3 Interest ---------- (g) Class A-4 Pass-Through Rate (8.17%) ---------- (h) Class A-4 Interest ---------- (i) Class A-5 Pass-Through Rate (8.41%) ---------- (j) Class A-5 Interest ---------- M-1 8.
The percentage (by outstanding principal balance as of the Cut-Off Date) of the Contracts having a Net Contract Rate that is less than the Class A-5 Pass-Through Rate is approximately 22.5%.
The Class A-5 Pass-Through Rate with respect to each Distribution Date prior to the Distribution Date in July 2013 will be a per annum rate equal to the Net WAC minus 0.500%.
The percentage (by outstanding principal balance as of the Cut-Off Date) of the Initial Contracts having a Net Contract Rate that is less than the Class A-5 Pass-Through Rate is approximately 6%.
The Class A-5 Pass-Through Rate on each Distribution Date will be a rate per annum equal to the lesser of (i) the sum of one month LIBOR plus the Class A-5 Certificate Margin and (ii) the Rate Cap for such Distribution Date.