Class X-A Pass-Through Rate definition

Class X-A Pass-Through Rate. For any Distribution Date, the weighted average of Class X Strip Rates for the Class X-A Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).
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Class X-A Pass-Through Rate. The Pass-Through Rate for Class X-A Certificates for any Distribution Date will equal the excess, if any of (a) the Weighted Average Net Mortgage Rate for the related Distribution Date, over (b) the weighted average of the Pass-Through Rates on the Class A Certificates for such Distribution Date, weighted on the basis of their respective Certificate Balances (calculated without giving effect to any exchange and conversion of any Class A-S Certificates for Class EC Certificates) immediately prior to the Distribution Date. The Pass-Through Rate applicable to the Class X-A Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.
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Class X-A Pass-Through Rate. As set forth in “Description of the Certificates—Distributions—Pass-Through Rates” in the Prospectus Supplement; provided that such Pass-Through Rate for the initial Distribution Date shall be as set forth in the Preliminary Statement hereto.
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Examples of Class X-A 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 X-A Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.


More Definitions of Class X-A Pass-Through Rate

Class X-A Pass-Through Rate. A variable rate that for each Distribution Date shall be equal to the Class X Strip Rate for the Class A Certificates for such Distribution Date.
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Class X-A Pass-Through Rate. As set forth in the Introductory Statement hereto.
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Class X-A Pass-Through Rate. For each Distribution Date (i) on or prior to the Distribution Date in March 2010, 1.500% per annum on each Component of the Class X-A Certificates, subject, (A) in the case of Component X-A-1, to (x) the Component X-A-1 Available Funds Cap and (y) the Component X-A-1 Maximum Rate Cap, and (B) in the case of Component X-A-2, to (x) the Component X-A-2 Available Funds Cap and (y) the Component X-A-2 Maximum Rate Cap, and (ii) after the Distribution Date in March 2010, 0.000%. Closing Date: October 9, 2007.
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Related to Class X-A Pass-Through Rate

  • Class X-D Pass-Through Rate For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-D Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Class X-B Pass-Through Rate For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-B Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Class A Pass-Through Rate As to the Class A-12, Class A-13, Class A-14, Class A-R and Class A-LR Certificates, the Class A Fixed Pass-Through Rate. As to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-8 and Class A-11 Certificates, 6.000% per annum. As to the Class A-7 Certificates, 6.400% per annum. As to the Class A-10 Certificates, 6.750% per annum. As to the Class A-9 Certificates, 7.000% per annum. As to the Class A-5 Certificates, the Class A-5 Pass-Through Rate. As to the Class A-6 Certificates, the Class A-6 Pass-Through Rate. The Class A-PO Certificates are not entitled to interest and have no Class A Pass-Through Rate.

  • Class C Pass-Through Rate For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date.

  • Class A-5 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.1156%.

  • Class A-AB Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.0420%.

  • Class D Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.00000%.

  • Class A-1 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.2557%.

  • Class A-S Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.4150%.

  • Class H Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to the Weighted Average Net Mortgage Rate.

  • Class G Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.25000%.

  • Class F Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.7500%.

  • Class A-4 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.1020%.

  • Class A-2 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.743%.

  • Class E Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.00000%.

  • Class B Pass-Through Rate As to any Distribution Date, 6.500% per annum.

  • Class A-3 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.8600%.

  • Pass-Through Rate For any interest bearing Class of Certificates or Component, the per annum rate set forth or calculated in the manner described in the Preliminary Statement.