Class A-5 Pass-Through Rate definition

Class A-5 Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to a fixed rate of 5.58600%, subject to a maximum rate equal to the Weighted Average Net Mortgage Rate for such Distribution Date.

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Class A-5 Pass-Through Rate. For any Distribution Date, a per annum rate equal to 3.616%.

Class A-5 Pass-Through Rate. For any Distribution Date, a per annum rate equal to the lesser of (a) 3.37400% and (b) the WAC Rate for such Distribution Date.

Examples of Class A-5 Pass-Through Rate in a sentence

The percentage (by outstanding principal balance as of the Cut-Off Date) of the Contracts having a Net Contract Rate that is less than the Class A-5 Pass-Through Rate is approximately 22.5%.
The Class A-5 Pass-Through Rate on each Distribution Date will be a rate per annum equal to the lesser of (i) the sum of one month LIBOR plus the Class A-5 Certificate Margin and (ii) the Rate Cap for such Distribution Date.
Series 1996-LB2, Class A-5 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.
If the Class C Certificateholder (or its assignee) has not delivered to the Trustee the notice of exercise of its purchase option required by subsection (b) by the Payment Date occurring in the month following the Determination Date specified in subsection (d), then on the following Payment Date the Class A-5 Pass-Through Rate will increase to a floating rate equal to the Expense Adjusted Weighted Average Loan Rate, but in no event greater than 9.02%.
The Class A-5 Pass-Through Rate with respect to each Distribution Date prior to the Distribution Date in July 2013 will be a per annum rate equal to the Net WAC minus 0.500%.

More Definitions of Class A-5 Pass-Through Rate

Class A-5 Pass-Through Rate. With respect to any Payment Date the lesser of (x) 6.37% per annum and (y) the Group I Available Funds Cap.

Class A-5 Pass-Through Rate per annum.

Class A-5 Pass-Through Rate. A per annum rate equal to the Weighted Average Net Mortgage Pass-Through Rate minus 1.08%.

Class A-5 Pass-Through Rate. With respect to the Distribution Date occurring in June 1999, 5.235% 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 0.300% plus LIBOR subject to a minimum rate of 0.300% and a maximum rate of 8.000%.

Class A-5 Pass-Through Rate means 6.41% per annum; provided, however, the per annum rate shall be increased by 0.50% on and after the Clean-Up Call Date, if the Class IC Certificateholder does not exercise its right to purchase the corpus of the Trust on the Clean-Up Call Date as described in Section 16.02.

Class A-5 Pass-Through Rate with respect to any Remittance Date prior to the Optional Termination Date, will be equal to a ____% per annum rate and with respect to any other Remittance Date, will be equal to a ____% per annum rate (in each case calculated on the basis of an assumed month of 30 days and an assumed year of 360 days).

Class A-5 Pass-Through Rate means (i) with respect to any Distribution Date which occurs on or prior to the Optional Termination Date, 6.257% per annum and (ii) with respect to each Distribution Date which occurs thereafter, 6.757% per annum, in each case, subject to a cap equal to the Net WAC Rate Cap for such Distribution Date.