Class A-3 Pass-Through Rate definition

Class A-3 Pass-Through Rate. For any Distribution Date, a per annum rate equal to 2.8600%.

Class A-3 Pass-Through Rate. A per annum fixed rate equal to 3.2361%.

Class A-3 Pass-Through Rate. For the first Distribution Date, 5.750% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class A-3 Margin, (2) the Available Funds Cap for such Distribution Date and (3) the Maximum Rate Cap for such Distribution Date.

Examples of Class A-3 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-3 Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.

• The Auction Agent shall promptly give written notice to the Trustee and the Depository of the Class A-3 Pass-Through Rate and the Auction Rate when such rate is not the Class A-3 Pass-Through Rate.

• For each Interest Accrual Period, interest at the Class A-3 Pass-Through Rate shall accrue daily and shall be computed for the actual number of days elapsed on the basis of a year consisting of 360 days.

• SECTION 2.1.1 Determining the Class A-3 Pass-Through Rate for the Class A-3 Certificates.

• The Trustee shall notify the Certificateholders of the Class A-3 Pass-Through Rate applicable to the Class X- 0 Certificates for each Interest Accrual Period on the second Business Day of such Interest Accrual Period.

More Definitions of Class A-3 Pass-Through Rate

Class A-3 Pass-Through Rate. With respect to any Payment Date, 6.17% per annum.

Class A-3 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-3 Certificate Margin and (b) the Maximum Rate Cap.

Class A-3 Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to the Weighted Average Net Mortgage Rate.

Class A-3 Pass-Through Rate per annum.

Class A-3 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-3 Pass-Through Rate. 6.68% per annum.

Class A-3 Pass-Through Rate. With respect to the Distribution Date occurring in August 2002, 6.110% per annum. With respect to each succeeding Distribution Date, a per annum rate, determined by the Trustee on the applicable Rate Determination Date, equal to 7.950% minus LIBOR subject to a minimum rate of 0.000% and a maximum rate of 7.950%.