Class M-6 Pass-Through Rate definition

Class M-6 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-6 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

Class M-6 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-6 Certificate Margin and (b) the Pool Maximum Rate Cap.

Class M-6 Pass-Through Rate. For any Distribution Date, the lesser of (i) One-Month LIBOR plus the Class M-6 Margin and (ii) the Net Rate Cap for such Distribution Date.

Examples of Class M-6 Pass-Through Rate in a sentence

• The Class M-6 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 M-6 Certificate Margin and (ii) the Rate Cap for such Distribution Date.

• Interest will accrue on the Class M-6 Certificates during each Interest Accrual Period at a rate equal to the lesser of (i) the Class M-6 Pass-Through Rate and (ii) the Pool Cap for such Distribution Date.

• The Class M-6 Pass-Through Rate for each Distribution Date will be the lesser of (i) One-Month LIBOR as of the related LIBOR Determination Date, plus the Class M-6 Certificate Margin and (ii) the Pool Maximum Rate Cap.

• Class M-6 Pass-Through Rate: With respect to the initial Interest Accrual Period, based on a LIBOR determination date of July 26, 2005, 4.78125% per annum.

• Class M-6 Pass-Through Rate: With respect to the initial Interest Accrual Period (a) on or prior to the Optional Termination Date, the lesser of (i) 5.7216% per annum and (ii) the Net Funds Cap, and (b) after the Optional Termination Date, the lesser of (i) 6.2216% per annum and (ii) the Net Funds Cap.

More Definitions of Class M-6 Pass-Through Rate

Class M-6 Pass-Through Rate. With respect to each Distribution Date, the least of:

Class M-6 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-6 Pass-Through Rate. With respect to the initial Interest Accrual Period, based on a LIBOR determination date of March 24, 2005, 3.61% 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-6 Pass-Through Rate. As of any Distribution Date up to and including the Optional Termination Date for the Class M-6 Certificates, the least of (1) 6.00000% per annum, (2) the Subordinated Available Funds Cap for such Distribution Date and (3) the Subordinated Maximum Rate Cap for such Distribution Date and, as of any Distribution Date after the Optional Termination Date, the least of (1) 6.50000% per annum, (2) the Subordinated Available Funds Cap for such Distribution Date and (3) the Subordinated Maximum Rate Cap for such Distribution Date.

Class M-6 Pass-Through Rate. With respect to any Interest Accrual Period, will be a per annum rate equal to the lesser of (i) the sum of LIBOR plus the related Certificate Margin and (ii) the Subordinate Net Funds Cap.

Class M-6 Pass-Through Rate. For the first Distribution Date, 7.500% per annum. As of any Distribution Date thereafter, the least of (1) (x) as of any Distribution Date up to and including the Initial Optional Termination Date, 7.500% per annum or (y) as of any Distribution Date after the Initial Optional Termination Date, 8.000% per annum, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.

Class M-6 Pass-Through Rate. For any Distribution Date, a per annum rate equal to the lesser of (a) the Class M-6 Formula Rate and (b) the Net WAC Cap.