Class L Pass-Through Rate definition

Class L Pass-Through Rate. With respect to any Distribution Date, a rate per annum equal to the lesser of (i) 5.1310% and (ii) the Weighted Average Net Mortgage Rate.
Class L Pass-Through Rate. A per annum rate equal to 5.3470%; provided, however, that the Class L Pass-Through Rate shall not exceed the Weighted Average Adjusted Net Mortgage Rate for the related Distribution Date.
Class L Pass-Through Rate. A per annum rate equal to the lesser of 4.997% per annum and the Weighted Average Net Mortgage Pass-Through Rate.

Examples of Class L 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 L Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.

DEUTSCHE MORTGAGE & ASSET RECEIVING CORPORATION COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-C1, CLASS L Class L Pass-Through Rate: A per annum rate equal to the lesser of 6.2200% and the Weighted Average Net Mortgage Pass-Through Rate.


More Definitions of Class L Pass-Through Rate

Class L Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to 2.0000%.
Class L Pass-Through Rate. As to any Distribution Date, a per annum rate equal to the lesser of (i) 5.5880% and (ii) the Weighted Average Net Mortgage Pass-Through Rate for such Distribution Date.
Class L Pass-Through Rate. With respect to any Distribution Date, a fixed rate per annum equal to 5.8000%.
Class L Pass-Through Rate. A per annum rate equal to the lesser of (i) 5.282% and (ii) the WAC Rate.
Class L Pass-Through Rate. With respect to any Distribution Date, a rate per annum equal to the lesser of (i) 5.0810% and (ii) the Pool WAC Rate.
Class L Pass-Through Rate. With respect to the initial Distribution Date, a per annum rate equal to __________%, and thereafter, the lesser of such per annum rate and the WAC Rate.
Class L Pass-Through Rate. As to any Distribution Date, a per annum rate equal to 6.2940%.