Class X-E Pass-Through Rate definition

Class X-E Pass-Through Rate. The Pass-Through Rate for Class X-E 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 Pass-Through Rate of the Class E Certificates. The Pass-Through Rate applicable to the Class X-E Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.
Class X-E Pass-Through Rate. With respect to any Distribution Date, the Class X-E Strip Rate for the Class X-E Component for such Distribution Date. The Class X-E Pass-Through Rate for the initial Distribution Date is 2.048% per annum.
Class X-E Pass-Through Rate. With respect to any Distribution Date, the weighted average of the Class X-E Strip Rates for the respective Class X-E Components for such Distribution Date, weighted on the basis of the respective Class X Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date. The Class X-E Pass-Through Rate for the initial Distribution Date is 1.3961% per annum.

Examples of Class X-E 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-E Pass-Through Rate specified above on the Notional Amount of this Certificate immediately prior to each Distribution Date.

  • 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-E Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.

  • 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-E] Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.


More Definitions of Class X-E Pass-Through Rate

Class X-E Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to 2.000%.
Class X-E Pass-Through Rate. For any Distribution Date, the Class X Strip Rate for the Class X-E Component for such Distribution Date.

Related to Class X-E Pass-Through Rate

  • Class X Pass-Through Rate With respect to each Class of Class X Certificates, for any Distribution Date, the excess, if any of (a) the Weighted Average Net Mortgage Rate for such Distribution Date, over (b) the weighted average of the Pass-Through Rates on the Underlying Classes of Principal Balance Certificates for such Distribution Date, weighted on the basis of their respective Certificate Balances immediately prior to such Distribution Date (or, with respect to any Class of Class X Certificates with one Underlying Class of Principal Balance Certificates, the Pass-Through Rate of such Underlying Class for such Distribution Date).

  • Class X-H Pass-Through Rate The Pass-Through Rate for Class X-H 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 Pass-Through Rate of the Class H Certificates for such Distribution Date. The Pass-Through Rate applicable to the Class X-H Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

  • Class X-D Pass-Through Rate The Pass-Through Rate for Class X-D 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 Pass-Through Rate of the Class D Certificates. The Pass-Through Rate applicable to the Class X-D Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

  • Class X-G Pass-Through Rate The Pass-Through Rate for Class X-G 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 Pass-Through Rate of the Class G Certificates. The Pass-Through Rate applicable to the Class X-G Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

  • Class X-F Pass-Through Rate The Pass-Through Rate for Class X-F 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 Pass-Through Rate of the Class F Certificates. The Pass-Through Rate applicable to the Class X-F Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

  • 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 (other than the Class A-S Certificates) for such Distribution Date, weighted on the basis of their respective Certificate Balances 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.

  • Class X-C Pass-Through Rate The Pass-Through Rate for Class X-C Certificates for any Distribution Date will be a per annum rate equal to 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 of the Class C and Class D Certificates for such Distribution Date, weighted on the basis of their respective Certificate Balances immediately prior to that Distribution Date. The Pass-Through Rate applicable to the Class X-C Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

  • Class X-B Pass-Through Rate The Pass-Through Rate for Class X-B 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 of the Class A-S, Class B and Class C Certificates for such Distribution Date, weighted on the basis of their respective aggregate Certificate Balances immediately prior to the Distribution Date. The Pass-Through Rate applicable to the Class X-B Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

  • Class HRR Pass-Through Rate As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.

  • Class E Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 2.5000%.

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

  • Class H Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.5400%.

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

  • Class A Pass-Through Rate As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.

  • Class A-M Pass-Through Rate A per annum rate equal to the lesser of (i) the WAC Rate and (ii) 3.561%.

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

  • Class G Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.2390%.

  • Class D Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.0000%.

  • Class NR Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to the lesser of (i) 3.1920% and (ii) the Weighted Average Net Mortgage Rate for such Distribution Date.

  • Class J Pass-Through Rate With respect to any Distribution Date, a rate per annum equal to the lesser of (i) 5.437% and (ii) the Weighted Average Net Mortgage Rate.

  • Class A-SB Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.3660%.

  • Class A-5 Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 2.37720%.

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

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

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