Common use of Through Rate Clause in Contracts

Through Rate. As to any Pool of Mortgage Loans and any Distribution Date, the per annum rate of interest that is used to calculate the Certificate Interest Distribution Amount for the applicable one-month period, which per annum rate is either (a) as to a Pool of Fixed- Rate Mortgage Loans, the rate specified as such in the Issue Supplement, or (b) as to a Pool of Adjustable-Rate Mortgage Loans, the rate equal to the weighted average of the Net Rates applicable to payments due during the related Due Period for all of the Mortgage Loans in the Pool, weighted on the basis of their respective Stated Principal Balances as of that Distribution Date before giving effect to any distribution of principal on that Distribution Date. Unless otherwise provided in the related Issue Supplement, the Pass-Through Rate will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Through Rate. As to any Pool of Mortgage Loans and any Distribution Date, the per annum rate of interest that is used to calculate the Certificate Interest Distribution Amount for the applicable one-month period, which per annum rate is either (a) as to a Pool of Fixed- Fixed-Rate Mortgage Loans, the rate specified as such in the Issue Supplement, or (b) as to a Pool of Adjustable-Rate Mortgage Loans, the rate equal to the weighted average of the Net Rates applicable to payments due during the related Due Period for all of the Mortgage Loans in the Pool, weighted on the basis of their respective Stated Principal Balances as of that Distribution Date before giving effect to any distribution of principal on that Distribution Date. Unless otherwise provided in the related Issue Supplement, the Pass-Through Rate will be calculated on the basis of a 360-day year consisting of twelve 30-day months.