Pass-Through Rates means with respect to any Class of REMIC I Regular Interests, REMIC II Regular Interests or REMIC Regular Certificates, other than the Class X, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class O, Class P and Class Q Certificates, for the first Distribution Date, the rate set forth in the Preliminary Statement hereto (subject to the calculations set forth in the following sentence). For any Distribution Date occurring thereafter (and with respect to the Class X, Class B, Class C, Class E, Class H, Class J, Class K, Class L, Class M, Class N, Class O, Class P and Class Q, for each Distribution Date), the Pass-Through Rates for (i) the 000 Xxxxxx Xxxxxx Pari Passu Loan REMIC Regular Interest is the 000 Xxxxxx Xxxxxx Pari Passu Loan REMIC Net Mortgage Rate for such Distribution Date, (ii) the REMIC I Regular Interests shall equal the REMIC I Net Mortgage Rate on the related Mortgage Loan for such Distribution Date, (iii) the REMIC II Regular Interests shall equal the Weighted Average REMIC I Net Mortgage Rate for such Distribution Date, (iv) the Class A-1, Class A-2, Class A-3, Class A-AB and Class A-4 Certificates, the fixed rate corresponding to such Class set forth in the Preliminary Statement hereto, (v) the Class A-J Certificates Certificates shall equal the lesser of (A) 5.242% per annum and (B) the Weighted Average REMIC I Net Mortgage Rate for such Distribution Date, (vi) the Class B Certificates shall equal the lesser of (A) 5.272% per annum and (B) the Weighted Average REMIC I Net Mortgage Rate for such Distribution Date, (vii) the Class C Certificates shall equal the lesser of (A) 5.302% per annum and (B) the Weighted
Pass-Through Rates means: (a) with respect to any REMIC I Regular Interest for any Distribution Date, the related REMIC I Net Mortgage Rate for such Distribution Date; (b) with respect to any REMIC II Regular Interest for any Distribution Date, the Weighted Average REMIC I Net Mortgage Rate for such Distribution Date; (c) with respect to any Class X REMIC III Regular Interest for any Distribution Date, the Class X Strip Rate with respect to the Corresponding REMIC II Regular Interest for such Distribution Date; (d) with respect to any Class of Class X Certificates for any Distribution Date, the weighted average of the Pass-Through Rates with respect to the related Class X REMIC III Regular Interests for such Distribution Date, weighted on the basis of the respective Notional Amounts of such Class X REMIC III Regular Interests immediately prior to such Distribution Date; (e) with respect to the Class A-1 Certificates for any Distribution Date, 1.313% per annum; (f) with respect to the Class A-2 Certificates for any Distribution Date, 3.001% per annum; (g) with respect to the Class A-SB Certificates for any Distribution Date, 3.824% per annum; (h) with respect to the Class A-3 Certificates, 3.973% per annum; (i) with respect to the Class A-4 Certificates for any Distribution Date, the lesser of 4.259% and the Weighted Average REMIC I Net Mortgage Rate; (j) with respect to the Class A-S Certificates, the Class A-S REMIC III Regular Interest and the Class PST Component A-S for any Distribution Date, the lesser of 4.482% and the Weighted Average REMIC I Net Mortgage Rate; (k) with respect to the Class B Certificates, the Class B REMIC III Regular Interest and the Class PST Component B for any Distribution Date, the Weighted Average REMIC I Net Mortgage Rate; (l) with respect to the Class C Certificates, the Class C REMIC III Regular Interest and the Class PST Component C for any Distribution Date, the Weighted Average REMIC I Net Mortgage Rate; (m) with respect to the Class D and Class E Certificates for any Distribution Date, the Weighted Average REMIC I Net Mortgage Rate; and (n) with respect to the Class F, Class G and Class H Certificates for any Distribution Date, 3.709% per annum.
Pass-Through Rates means with respect to any Class of REMIC I Regular Interests, REMIC II Regular Interests or REMIC III Regular Certificates, other than the Class F, Class G and Class X Certificates, for the first Distribution Date, the rate set forth in the Preliminary Statement hereto. For any Distribution Date occurring thereafter (and with respect to the Class F, Class G and Class X Certificates, for each Distribution Date), the Pass-Through Rates for (i) (A) the Group PB REMIC I Regular Interests shall equal the REMIC I Net Mortgage Rate and (B) the Group X-Y REMIC I Regular Interests, their respective Class X-Y Strip Rates on the related Mortgage Loan for such Distribution Date, (ii) (A) the REMIC II Regular Interests (other than REMIC I Regular Interest X-Y) shall equal the Weighted Average REMIC I Net Mortgage Rate and (B) the REMIC II Regular Interest X-Y, the Weighted Average Class X-Y Strip Rate, for such Distribution Date, (iii) the Class A-1, Class A-2, Class A-3, Class A-4, Class B, Class C, Class D and Class E Certificates shall equal the fixed rate corresponding to such Class set forth in the Preliminary Statement hereto, (iv) the Class F Certificates shall equal the Weighted Average REMIC I Net Mortgage Rate for such Distribution Date less 0.63%%, (vi) the Class G Certificates shall equal the Weighted Average REMIC I Net Mortgage Rate for such Distribution Date less 0.20%, (vii) the Class H, Class J, Class K, Class L, Class M, Class N and Class O Certificates shall equal the lesser of (A) the fixed rate corresponding to such Class set forth in the Preliminary Statement hereto and (B) the Weighted Average REMIC I Net Mortgage Rate for such Distribution Date, (viii) the Class X-1 Certificates, shall equal the per annum rate equal to (A) the product of (y) the Accrued Certificate Interest thereon for such Distribution Date and (z) 12, divided by (B) the Class X-1 Notional Amount; (ix) the Class X-2 Certificates, shall equal the per annum rate equal to (A) the product of (y) the Accrued Certificate Interest thereon for such Distribution Date and (z) 12, divided by (B) the Class X-2 Notional Amount; and (x) the Class X-Y Certificates shall equal the per annum rate equal to (A) the product of (y) the Accrued Certificate Interest thereon for such Distribution Date and (z) 12, divided by (B) the Class X-Y Notional Amount. The Pass-Through Rate for the Class A-1A Component, the Class A-1B Component and the Class A-1C Component shall equal the Pass-Through Rate of th...
Examples of Pass-Through Rates in a sentence
Except as provided below, the Index to be used in determining the respective Pass-Through Rates for the COFI Certificates for a particular Interest Accrual Period shall be COFI for the second calendar month preceding the Outside Reference Date for such Interest Accrual Period.
The foregoing provisions are intended to distribute to each Class of Regular Certificates any accrued and unpaid interest and principal to which they are entitled based on the Pass-Through Rates and actual Class Certificate Balances or Notional Amounts set forth in the Preliminary Statement upon liquidation of the Trust Fund.
Except as provided below, the Index to be used in determining the respective Pass-Through Rates for the COFI Certificates for a particular Interest Accrual Period shall be COFI for the second calendar month preceding such Interest Accrual Period.
Accrued interest on any Certificate shall be calculated based upon a 360-day year consisting of twelve 30-day months and Pass-Through Rates shall be carried out to eight decimal places, rounded if necessary.
After a Rate Determination Date, the Trustee shall provide the Pass-Through Rates of the LIBOR Certificates for the related Distribution Date to Beneficial Owners or Holders of LIBOR Certificates who place a telephone call to the Trustee at (301) 815-6600 and make a request therefor.
More Definitions of Pass-Through Rates
Pass-Through Rates means with respect to any Class of REMIC I Regular Interests, REMIC II Regular Interests or REMIC Regular Certificates, other than the Class X Certificates, for the first Distribution Date, the rate set forth in the
Pass-Through Rates means: (a) with respect to any REMIC I Regular Interest for any Distribution Date, the related REMIC I Net Mortgage Rate for such Distribution Date, (b) with respect to any REMIC II Regular Interest for any Distribution Date, the Weighted Average REMIC I Net Mortgage Rate for such Distribution Date, (c) with respect to any Class X REMIC III Regular Interest for any Distribution Date, the Class X Strip Rate with respect to the Corresponding REMIC II Regular Interest for such Distribution Date; (d) with respect to any Class of Class X Certificates for any Distribution Date, the weighted average of the Pass-Through Rates with respect to the related Class X REMIC III Regular Interests for such Distribution Date, weighted on the basis of the respective Notional Amounts of such Class X REMIC III Regular Interests immediately prior to such Distribution Date; (e) with respect to the Class A-1 Certificates for any Distribution Date, 2.178% per annum; (f) with respect to the Class A-2 Certificates for any Distribution Date, 3.224% per annum; (g) with respect to the Class A-3 Certificates for any Distribution Date, 4.054% per annum; (h) with respect to the Class A-4 Certificates for any Distribution Date, 4.118% per annum; and (i) with respect to the Class A-J, Class B, Class C, Class D, Class E, Class F, Class G and Class H Certificates for any Distribution Date, the Weighted Average REMIC I Net Mortgage Rate for such Distribution Date.
Pass-Through Rates means initially with respect to any Class of REMIC I Regular Interests, REMIC II Regular Interests or REMIC Regular Certificates, other than the X Certificates, for any Distribution Date, the rate set forth in the Preliminary Statement hereto. For any Distribution Date occurring thereafter, the Pass-Through Rates for (i) the REMIC I Regular Interests (other than the REMIC I Excess Interest) shall equal the REMIC I Net Mortgage Rate on the related Mortgage Loan for such Distribution Date, (ii) the REMIC II Regular Interests (other than the REMIC II Excess Interest) shall equal the
Pass-Through Rates. Class A-1: [6.12%] Class A-2: [6.34%] Class B: [6.54%] Class C: [6.64%] Class D: [6.93%] Class E: [7.22%] Class F: [7.22%] Class G: [6.12%] Class H: [6.12%] Class J: [6.12%] Class K: [6.12%] Class L: [6.12%] Class X-1: See note (1) on page T-3. Class X-2: See note (1) on page T-3.
Pass-Through Rates. Any one of the Class [A-1A], Class [A-1B], Class [S], Class [A-2], Class [A-3], Class [A-4], Class [B-1], Class [B-2], Class [B-3], Class [B-4], Class [B-5], Class [B-6], Class [B-7], Class [B-8], Class [C] or Class [D] Pass-Through Rates as defined herein. The Class [E] Certificates and the Residual Certificates do not have Pass-Through Rates.
Pass-Through Rates. Any one of the Class A-1A, Class A-1B, Class S, Class A-2, Class A-3, Class A-4, Class B-1, Class B-2, Class B-3, Class B-