Class N 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 N Pass-Through Rate. A per annum rate equal to 4.5510%; provided, however, the Class N Pass-Through Rate shall not exceed the Weighted Average Adjusted Net Mortgage Rate for the related Distribution Date.
Class N Pass-Through Rate. With respect to any Distribution Date, a rate per annum equal to the lesser of (i) 5.0870% and (ii) the Pool WAC Rate.
Examples of Class N 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 N Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.
More Definitions of Class N Pass-Through Rate
Class N Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to [_____]%.
Class N Pass-Through Rate. For each Distribution Date, 8.00% per annum.
Class N Pass-Through Rate. A per annum rate equal to the lesser of 5.085% per annum and the Weighted Average Net Mortgage Pass-Through Rate.
Class N Pass-Through Rate means the lesser of (i) 5.6430% per annum and (ii) the Weighted Average Net Mortgage Rate.
Class N Pass-Through Rate means 4.7500% per annum.
Class N Pass-Through Rate. A per annum rate equal to 6.21000%, not to exceed the Weighted Average REMIC I Remittance Rate with respect to any Distribution Date.