Class M-4 Pass-Through Rate definition

Class M-4 Pass-Through Rate. For the first Distribution Date, ____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-4 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.
Class M-4 Pass-Through Rate. For each Distribution Date, the lesser of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the Class M-4 Certificate Margin and (b) the Pool Maximum Rate Cap.
Class M-4 Pass-Through Rate means (i) with respect to each Distribution Date which occurs on or prior to the Optional Termination Date, 6.700% per annum and (ii) with respect to each Distribution Date which occurs thereafter, 7.300% per annum, in each case subject to a cap equal to the Net WAC Rate Cap for such Distribution Date.

More Definitions of Class M-4 Pass-Through Rate

Class M-4 Pass-Through Rate. With respect to the initial Interest Accrual Period, based on a LIBOR determination date of August 25, 2004, 2.6800% 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.
Class M-4 Pass-Through Rate. With respect to each Distribution Date, the least of:
Class M-4 Pass-Through Rate. With respect to the initial Interest Accrual Period, based on a LIBOR determination date of June 25, 2004, 2.73000% 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.
Class M-4 Pass-Through Rate. With respect to each Distribution Date thereafter, a per annum rate equal to the least of (i) the sum of One-Month LIBOR for that Distribution Date plus (A) on or prior to the first possible Optional Termination Date, 1.90% or (B) after the first possible Optional Termination Date, 2.40%, (ii) the applicable Net Funds Cap, (iii) the Maximum Interest Rate and (iv) the applicable Cap Rate.
Class M-4 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.
Class M-4 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 0.500% per annum and (2) 11.00% per annum and (ii) for each Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus 0.750% 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.
Class M-4 Pass-Through Rate. For any Distribution Date, a per annum rate equal to the lesser of (a) the related Class M-4 Formula Rate and (b) the Mezzanine Cap.