Class J Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to the Weighted Average Net Mortgage Rate.
Examples of Class J Pass-Through Rate in a sentence
Interest on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating to such Distribution Date at the Class J Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.
More Definitions of Class J Pass-Through Rate
Class J Pass-Through Rate. For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date minus 1.00000%.
Class J Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to the lesser of (i) 5.0810% and (ii) the Pool WAC Rate.
Class J Pass-Through Rate. With respect to any Distribution Date, a rate per annum equal to the lesser of (i) 5.7650% and (ii) the Weighted Average Net Mortgage Rate.
Class J Pass-Through Rate. With respect to any Distribution Date, a fixed rate per annum equal to 6.34%.
Class J Pass-Through Rate. With respect to any Interest Accrual Period, a per annum rate equal to the Weighted Average REMIC I Remittance Rate.
Class J Pass-Through Rate. With respect to any Distribution Date, a rate per annum equal to the lesser of (a) 5.64% and (b) the Weighted Average Net Mortgage Rate; provided, however, that for purposes of defining the Weighted Average Net Mortgage Rate in the preceding clause (b), the Net Mortgage Rates of the Mortgage Loans shall be determined without taking into account any reductions thereto resulting from modifications of the Mortgage Loans or otherwise following the Cut-off Date.
Class J Pass-Through Rate. With respect to the initial Distribution Date, 6.989%, and thereafter, a per annum rate equal to the WAC Rate.