Pass-Through Margin. With respect to each Class of Offered Certificates (except as set forth in the following sentence), the following percentages: Class A-1 Certificates, 0.1250%; Class A-2a Certificates, 0.0700%; Class A-2b Certificates, 0.1000%; Class A-2c Certificates, 0.1400%; Class A-2d Certificates, 0.2500%; Class M-1 Certificates, 0.3000%; Class M-2 Certificates, 0.3300%; Class M-3 Certificates, 0.3400%; Class M-4 Certificates, 0.4000%; Class M-5 Certificates, 0.4300%; Class M-6 Certificates, 0.4700%; Class B-1 Certificates, 0.9700%; Class B-2 Certificates, 1.1000%; and Class B-3 Certificates, 1.9500%. On the first Distribution Date after the Optional Termination Date, the Pass-Through Margins shall increase to: Class A-1 Certificates, 0.2500%; Class A-2a Certificates, 0.1400%; Class A-2b Certificates, 0.2000%; Class A-2c Certificates, 0.2800%; Class A-2d Certificates, 0.5000%; Class M-1 Certificates, 0.4500%; Class M-2 Certificates, 0.4950%; Class M-3 Certificates, 0.5100%; Class M-4 Certificates, 0.6000%; Class M-5 Certificates, 0.6450%; Class M-6 Certificates, 0.7050%; Class B-1 Certificates, 1.4550%; Class B-2 Certificates, 1.6500%; and Class B-3 Certificates, 2.9250%.
Pass-Through Margin. With respect to each Class of Regular Certificates, the following percentages: Class A-1 Certificates, 0.410%; Class A-2 Certificates, 0.450%; Class A-3 Certificates, 0.130%; Class A-4 Certificates, 0.360%; Class M-1 Certificates, 0.570%; Class M-2 Certificates, 1.200%; Class M-3 Certificates, 1.450%; Class B-1 Certificates, 1.750%; Class B-2 Certificates, 1.900%; and Class B-3 Certificates, 3.500%. On the first Distribution Date after the Optional Termination Date, the Pass-Through Margins shall increase to: Class A-1 Certificates, 0.820%; Class A-2 Certificates, 0.900%; Class A-3 Certificates, 0.260%; Class A-4 Certificates, 0.720%; Class M-1 Certificates, 0.855%; Class M-2 Certificates, 1.800%; Class M-3 Certificates, 2.175%; Class B-1 Certificates, 2.625%; Class B-2 Certificates, 2.850%; and Class B-3 Certificates, 5.250%.
Pass-Through Margin. With respect to the Interest Accrual Period for any Distribution Date and Class of LIBOR Certificates, the per annum rate indicated in the following table:
Examples of Pass-Through Margin in a sentence
LIBOR plus the applicable Pass-Through Margin, and (ii) the WAC Cap.
The Pass-Through Rate on the Class A Certificates on each Distribution Date after the first Distribution Date will be a rate per annum equal to the lesser of (i) One-Month LIBOR plus the applicable Pass-Through Margin and (ii) the Available Funds Pass-Through Rate for such Distribution Date.
Experience in Minnesota and around the country demonstrates that a great number of landowners are interested in voluntarily protecting their land with conservation easements if the terms and process of participation meet their needs and expectations as well as those of the easement holder.
The Pass-Through Rate on the Class M-2 Certificates on each Distribution Date after the first Distribution Date will be a rate per annum equal to the lesser of (i) One-Month LIBOR plus the applicable Pass-Through Margin and (ii) the Available Funds Pass-Through Rate for such Distribution Date.
Pass-Through Rate: With respect to the Class X-0, Xxxxx X-0X, Xxxxx X-0X and Class M-1 Certificates, a rate per annum equal to the lesser of (i) LIBOR plus the related Pass-Through Margin and (ii) the WAC Cap.
More Definitions of Pass-Through Margin
Pass-Through Margin. With respect to each Class of Regular Certificates (except as set forth in the following sentence), the following percentages: Class A-1, 0.0700%; Class A-2, 0.1100%; Class A-3, 0.1700%; Class A-4, 0.2800%; Class M-1, 0.3400%; Class M-2, 0.3600%; Class M-3, 0.3800%; Class M-4, 0.4700%; Class M-5, 0.5000%; Class M-6, 0.5800%; Class B-1, 1.1000%; Class B-2, 1.2500%; and Class B-3, 2.1500%. On the first Distribution Date after the Optional Termination Date, the Pass-Through Margins shall increase to: Class A-1, 0.1400%; Class A-2, 0.2200%; Class A-3, 0.3400%; Class A-4, 0.5600%; Class M-1, 0.5100%; Class M-2, 0.5400%; Class M-3, 0.5700%; Class M-4, 0.7050%; Class M-5, 0.7500%; Class M-6, 0.8700%; Class B-1, 1.6500%; Class B-2, 1.8750%; and Class B-3, 3.2250%.
Pass-Through Margin. With respect to each Class of Regular Certificates, the following percentages: Class A-1 Certificates, 0.400%, Class A-2 Certificates, 0.390%, Class M-1 Certificates, 0.650%, Class M-2 Certificates, 1.300% and Class M-3 Certificates, 2.250%. On the first Distribution Date after the Optional Termination Date, the Pass-Through Margins shall increase to: Class A-1 Certificates, 0.800%; Class A-2 Certificates, 0.780%, Class M-1 Certificates, 0.975%, Class M-2 Certificates, 1.950% and Class M-3 Certificates, 3.300%.
Pass-Through Margin. For each Class of LIBOR Certificates for the Interest Accrual Period related to any Distribution Date, as follows:
Pass-Through Margin. For each Class of Certificates and the Interest Accrual Period related to each Distribution Date, as follows:
Pass-Through Margin. With respect to the Interest Accrual Period for any Distribution Date and each Class of LIBOR Certificates, the per annum rate indicated in the following table: Pass-Through Pass-Through Class Margin (1) Margin (2) Class A-1-A 0.090% 0.180% Class A-1-B 0.200% 0.400% Class A-1-C 0.270% 0.540% Class A-1-D 0.210% 0.420% Class A-2-A 0.110% 0.220% Class A-2-B 0.250% 0.500% Class A-2-C 0.310% 0.620% Class A-2-D 0.250% 0.500% Class A-3 0.330% 0.660% Class M-1 0.500% 0.750% Class M-2 0.550% 0.825% Class M-3 0.850% 1.275% Class M-4 1.500% 2.250% Class M-5 1.750% 2.625% Class M-6 1.750% 2.625% Class M-7 1.750% 2.625% Class M-8 1.750% 2.625% Class M-9 1.750% 2.625% Class B-1 1.750% 1.750% Class B-2 1.750% 1.750% Class B-3 1.750% 1.750%
Pass-Through Margin. With respect to any Accrual Period and Class of Interest-Bearing Certificates, the per annum rate indicated in the following table: Pass-Through Pass-Through Class Margin (1) Margin (2) -------------------------------------------- --------------- ----------------- Class 1-A............................... 0.140% 0.280% Class 2-A-1............................. 0.050% 0.100% Class 2-A-2............................. 0.110% 0.220% Class 2-A-3............................. 0.160% 0.320% Class 2-A-4............................. 0.220% 0.440% Class M-1............................... 0.230% 0.345% Class M-2............................... 0.270% 0.405% Class M-3............................... 0.310% 0.465% Class M-4............................... 0.380% 0.570% Class M-5............................... 0.390% 0.585% Class M-6............................... 0.450% 0.675% Class M-7............................... 0.850% 1.275% Class M-8............................... 1.450% 2.175% Class M-9............................... 2.000% 3.000%
Pass-Through Margin. With respect to any Accrual Period and Class of Interest-Bearing Certificates, the per annum rate indicated in the following table: