Determination of Pass-Through Rates for Variable Rate Certificates. On each Determination Date, and so long as any Class of Variable Rate Certificates is outstanding, the Trustee will ascertain the Pass-Through Rate for the Variable Rate Certificates based on information provided to the Trustee by the Master Servicer. The Trustee's determination of each Pass-Through Rate for the Variable Rate Certificates for the related Interest Accrual Period will (in the absence of manifest error) be final and binding upon each Holder of a Certificate and the Trustee.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Mellon Residential Funding Corp Mort Pas THR Ser 2000 TBC 3), Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Cer Ser 1999-Tbc2), Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Tr Ser 1999-Tbc3)
