REMIC Pass-Through Rate definition

REMIC Pass-Through Rate. In the case of a Class of the Class A, Class M and Class B Certificates, the Upper Tier REMIC Net WAC Cap for the Corresponding REMIC Regular Interest.

REMIC Pass-Through Rate. The Pass-Through Rate for a Class of Related Certificates calculated by replacing "Available Funds Cap" in such definition with "Net Rate."

REMIC Pass-Through Rate. With respect to each Uncertificated Class A-V REMIC Regular Interest, 100% of the interest payable on the related Uncertificated REMIC I IO Regular Interest.

Examples of REMIC Pass-Through Rate in a sentence

• The following table irrevocably sets forth the designation, the Uncertificated Shifting Interest Middle-Tier REMIC Pass-Through Rate, the initial Uncertificated Balance, and solely for purposes of satisfying Treasury Regulations Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated Shifting Interest Middle-Tier Regular Interests.

• The following table irrevocably sets forth the designation, the Uncertificated Shifting Interest Lower-Tier REMIC Pass-Through Rate, the initial Uncertificated Balance, and solely for purposes of satisfying Treasury Regulations Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated Shifting Interest Lower-Tier Regular Interests.

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• The following table irrevocably sets forth the designation, the Lower Tier REMIC Pass-Through Rate and the initial Uncertificated Balance for each of the Lower Tier Regular Interests.

• The following table irrevocably sets forth the designation, the Uncertificated Lower-Tier REMIC Pass-Through Rate, the initial Uncertificated Balance, and solely for purposes of satisfying Treasury Regulations Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated Lower-Tier Regular Interests.

More Definitions of REMIC Pass-Through Rate

REMIC Pass-Through Rate. The Class A-1 Available Funds Cap (in the case of a Class included in Certificate Group One), the Class A-2 Available Funds Cap (in the case of a Class included in Certificate Group Two) or the Subordinated Certificate Available Funds Cap (in the case of the Subordinated Certificates).

REMIC Pass-Through Rate. As defined in Exhibit J hereof.

REMIC Pass-Through Rate. For any Distribution Date, the applicable Net Funds Cap for such Distribution Date (as adjusted, in the case of any Class of Certificates or REMIC 2 Interest that accrues interest on the basis of a 360-day year consisting of twelve 30-day months, to reflect accruals on such basis).

REMIC Pass-Through Rate. As defined in Exhibit K hereof.

REMIC Pass-Through Rate. With respect to each Uncertificated Class I-A-V REMIC Regular Interest, the related Uncertificated REMIC I Pass-Through Rate. For federal income tax purposes, an amount equal to 100% of the interest paid on the related Uncertificated REMIC I Group I IO Regular Interest.

REMIC Pass-Through Rate. As defined in Section 2.09 hereof.

REMIC Pass-Through Rate. With respect to each Uncertificated Class A-V REMIC Regular Interest, a per annum rate equal to the Pool Strip Rate with respect to the related Mortgage Loan. For federal income tax purposes, however, each Uncertificated Class A-V REMIC Regular Interest will not have a pass-through rate and Uncertificated Class A-V REMIC Accrued Interest therefor will be equal to 100% of the interest distributed with respect to the related REMIC I IO Regular Interest.