Uncertificated Pass-Through Rate definition

Uncertificated Pass-Through Rate. The Uncertificated REMIC I Pass-Through Rate or Uncertificated REMIC II Pass-Through Rate.

Uncertificated Pass-Through Rate. With respect to each of the Uncertificated REMIC I Regular Interests the per annum rate specified in the definition of Uncertificated REMIC I Regular Interests. With respect to each Uncertificated REMIC I Regular Interest Z and each Uncertificated REMIC II Regular Interest Z, the Pool Strip Rate for the related Mortgage Loan.

Uncertificated Pass-Through Rate. With respect to each Uncertificated REMIC Regular Interest, the related Uncertificated REMIC Regular Interest Pool Strip Rate.

Examples of Uncertificated Pass-Through Rate in a sentence

• The main driver of the increase was net interest income, rising due to higher lending and the general upward trend in interest rates, with Danmarks Nationalbank raising interest rates on four occasions in H1 2023.

• The following table irrevocably sets forth the designation, the Uncertificated Pass-Through Rate (as defined herein) and the initial Uncertificated Principal Balance (as defined herein) for each of the Uncertificated REMIC I Regular Interests (as defined herein), which are hereby designated as the "regular interests" in REMIC I.

• Uncertificated Pass-Through Rate: The Uncertificated REMIC I Pass-Through Rate or Uncertificated REMIC II Pass-Through Rate.

• Uncertificated Pass-Through Rate: The Uncertificated REMIC I Pass-Through Rate and Uncertificated REMIC II Pass-Through Rate.

• REMIC II Interest Loss Allocation Amount: With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans then outstanding and (ii) the Uncertificated Pass-Through Rate for REMIC II Regular Interest LT-1 minus the Marker Rate, divided by (b) 12.

More Definitions of Uncertificated Pass-Through Rate

Uncertificated Pass-Through Rate. The Uncertificated REMIC 1 Pass-Through Rate.

Uncertificated Pass-Through Rate. With respect to any Distribution Date and REMIC Interest, the pass-through rate of each such REMIC Interest set forth in Section 5.01(c).

Uncertificated Pass-Through Rate. With respect to each REMIC I Regular Interest and any Distribution Date, a per annum rate equal to the weighted average of the Net Mortgage Rates on each mortgage loan as of the Due Date in the related Due Period, weighted on the basis of the respective Stated Principal Balances of such Mortgage Loans as of the day immediately preceding such Distribution Date (or, with respect to the initial Distribution Date, at the close of business on the Cut-off Date).

Uncertificated Pass-Through Rate. With respect to each of the Uncertificated REMIC I Regular Interest, other than the Uncertificated REMIC I Regular Interests Z, the per annum rate specified in the definition of Uncertificated REMIC I Regular Interests. With respect to each Uncertificated REMIC I Regular Interest Z, the Pool Strip Rate for the related Mortgage Loan, and with respect to each Uncertificated REMIC II Regular Interest Z, 100% of the Uncertificated Pass-Through Rate on the related identically numbered Uncertificated REMIC I Regular Interest Z.

Uncertificated Pass-Through Rate. For any REMIC I Regular Interest, REMIC II Regular Interest or REMIC III Regular Interest, the per annum rate set forth or calculated in the manner described in the Preliminary Statement under “REMIC I,” “REMIC II” or “REMIC III,” respectively.

Uncertificated Pass-Through Rate. With respect to each of the Uncertificated REMIC I Regular Interests, other than the Uncertificated REMIC I Regular Interests Z, the per annum rate specified in the definition of Uncertificated REMIC I Regular Interests. With respect to each Uncertificated REMIC I Regular Interest Z and each Uncertificated REMIC III Regular Interest Z1, the Pool Strip Rate for the related Mortgage Loan. With respect to each of the Uncertificated REMIC II Regular Interests, other than the Uncertificated REMIC II Regular Interests Z, the per annum rate specified in the definition of Uncertificated REMIC II Regular Interests. With respect to each Uncertificated REMIC II Regular Interest Z and each Uncertificated REMIC III Regular Interest Z2, the Pool Strip Rate for the related Mortgage Loan.

Uncertificated Pass-Through Rate. The Uncertificated REMIC IA Pass-Through Rate, the Uncertificated REMIC IB Pass-Through Rate, the Uncertificated REMIC IC Pass-Through Rate, the Uncertificated REMIC IIA Pass-Through Rate and the Uncertificated REMIC IIB Pass-Through Rate.