Class B-1 Pass-Through Rate definition

Class B-1 Pass-Through Rate. For the first Distribution Date, 4.83000% per annum. For any Distribution Date thereafter, the lesser of (i) One-Month LIBOR plus the Class B-1 Margin, and (ii) the Net Rate Cap for such Distribution Date.
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Class B-1 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 1.000% per annum and (2) 11.00% per annum and (ii) for each Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus 1.500% per annum and (2) 11.00% per annum, in each case subject to a cap equal to the related Net Rate Cap for such Distribution Date.
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Class B-1 Pass-Through Rate. For each Distribution Date, LIBOR as of the related LIBOR Determination Date, plus the Class B-1 Certificate Margin.
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Examples of Class B-1 Pass-Through Rate in a sentence

  • Interest will accrue on the Class B-1 Certificates during each Interest Accrual Period at the Class B-1 Pass-Through Rate.

  • The Class B-1 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 B-1 Certificate Margin and (ii) the related Rate Cap for such Distribution Date.

  • Interest will accrue on the Class B-1 Certificates during each Interest Accrual Period at a rate equal to the lesser of (i) the Class B-1 Pass-Through Rate and (ii) the WAC Cap for such Distribution Date.

  • The Class B-1 Pass-Through Rate on each Distribution Date will be a rate per annum equal to the sum of one month LIBOR plus the Class B-1 Certificate Margin.

  • Current Interest (a) Class B-1 Pass-Through Rate (7.77%) (b) Class B-1 Interest _______ 38.


More Definitions of Class B-1 Pass-Through Rate

Class B-1 Pass-Through Rate. For each Distribution Date, the least of (i) LIBOR as of the related LIBOR Determination Date, plus the Class B-1 Certificate Margin, (ii) the Subordinate Rate Cap and (iii) the Subordinate Maximum Rate Cap.
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Class B-1 Pass-Through Rate. For any Distribution Date on or before the Initial Optional Termination Date, the least of (1) 6.250%, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date; and for any Distribution Date after the Initial Optional Termination Date, the least of (1) 6.750%, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.
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Class B-1 Pass-Through Rate. A per annum rate equal to 6.93000%.
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Class B-1 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.
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Class B-1 Pass-Through Rate means (i) on any Distribution Date which occurs on or prior to the Optional Termination Date, One-Month LIBOR plus 1.75% per annum and (ii) for each Distribution Date thereafter, One-Month LIBOR plus 2.625% per annum, in each case subject to a cap equal to the related Net WAC Rate Cap for such Distribution Date; for federal income tax purposes, however, the equivalent of the foregoing, stated as the weighted average of the Uncertificated REMIC II Pass-Through Rate for REMIC II Regular Interest B-1, weighted on the basis of the Uncertificated Principal Balance thereof immediately prior to such Distribution Date.
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Class B-1 Pass-Through Rate. With respect to the initial Interest Accrual Period, based on a LIBOR determination date of August 25, 2004, 3.4300% 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.
Sample 1
Class B-1 Pass-Through Rate. For each Distribution Date, a per annum rate equal to the sum of (i) LIBOR as of the related LIBOR Determination Date and (ii) the Class B-1 Certificate Margin for such Distribution Date.
Sample 1