Class A-1 Pass-Through Rate definition

Class A-1 Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to a fixed rate of 4.16800%.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Class A-1 Pass-Through Rate. For the first Distribution Date, 5.4600% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class A-1 Margin, (2) the Class A-1 Available Funds Cap for such Distribution Date and (3) the Class A-1 Maximum Rate Cap for such Distribution Date.

Class A-1 Pass-Through Rate. A per annum rate equal to 6.001%.

Examples of Class A-1 Pass-Through Rate in a sentence

Interest on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating to such Distribution Date at the Class A-1 Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.
The Class A-1 Pass-Through Rate will be a per annum rate equal to the lesser of (i) the lesser of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the Class A-1 Certificate Margin and (b) the Maximum Cap Rate, and (ii) the Net WAC Cap.
Interest will accrue on the Class A-1 Certificates during each Interest Accrual Period at a rate equal to the lesser of (i) the Class A-1 Pass-Through Rate and (ii) the Class A-1 Net WAC Cap for such Distribution Date.
On and after the Distribution Date in August 2011, the Class A-1 Pass-Through Rate will be a per annum rate equal to the Net WAC.
Series 1996-LB2, Class A-1 Pass-Through Rate: ____% per annum Date of Pooling and Servicing Agreement and Cut-off Date: October 1, 1996 First Distribution Date: November 25, 1996 No.

More Definitions of Class A-1 Pass-Through Rate

Class A-1 Pass-Through Rate. For each Distribution Date, a rate per annum equal to the lesser of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the Class A-1 Certificate Margin and (b) the Group 1 Maximum Rate Cap.

Class A-1 Pass-Through Rate. With respect to the Class A-1 Certificates, for any Distribution Date, a per annum rate equal to 5.088%.

Class A-1 Pass-Through Rate. For any Distribution Date, a per annum fixed rate equal to [___]%.

Class A-1 Pass-Through Rate. With respect to any Interest Accrual Period, will be a per annum rate equal to the lesser of (i) the sum of LIBOR plus the related Certificate Margin and (ii) the Net Funds Cap.

Class A-1 Pass-Through Rate per annum.

Class A-1 Pass-Through Rate. As set forth in “Description of the Certificates—Distributions—Pass-Through Rates” in the Prospectus Supplement; provided that such Pass-Through Rate for the initial Distribution Date shall be as set forth in the Preliminary Statement hereto.

Class A-1 Pass-Through Rate. With respect to any Distribution Date, One-Month LIBOR plus 0.20% per annum, subject to a cap equal to the Net WAC Rate Cap for such Distribution Date.