Class P 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 P Pass-Through Rate. With respect to any Distribution Date and the Class P Certificates, a per annum rate equal to the Net Funds Cap. For federal income tax purposes, however, with respect to any Distribution Date, the Class P Certificates will be entitled to 100% of the interest accrued on REMIC 1 Regular Interest MT-P.
Class P Pass-Through Rate. A fixed per annum rate equal to 5.0000%; provided, however, the Class P Pass-Through Rate shall not exceed the Weighted Average Adjusted Net Mortgage Rate for the related Distribution Date.
Examples of Class P 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 P Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.
Class P Pass-Through Rate: With respect to the Class P Certificates and the Distribution Dates for October 2005, November 2005 and December 2005 a per annum rate equal to the Initial Mortgage Loan Net WAC Rate, and with respect to any Distribution Date thereafter, a per annum rate equal to the Net Funds Cap.
More Definitions of Class P Pass-Through Rate
Class P Pass-Through Rate. With respect to the Class P Certificates and the Distribution Dates, for January 2004, February 2004 and March 2004 a per annum rate equal to the Initial Mortgage Loan Net WAC Rate, and with respect to any Distribution Date thereafter, a per annum rate equal to the Net Funds Cap. For federal income tax purposes, however, with respect to any Distribution Date, the Class P Certificates will be entitled to 100% of the interest accrued on REMIC 3 Regular Interest MTII-P.
Class P 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.
Class P Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to [_____]%.
Class P Pass-Through Rate. With respect to the Class P Certificates and the Distribution Dates for January 2007, February 2007 and March 2007, a per annum rate equal to the Initial Group 2 Loan Net WAC Rate, and with respect to any Distribution Date thereafter, a per annum rate equal to the Net Funds Cap.
Class P Pass-Through Rate means 5.0500% per annum.
Class P Pass-Through Rate. A per annum rate equal to 6.79%, not to exceed the Weighted Average REMIC I Remittance Rate with respect to any Distribution Date.