Class A Pass-Through Rate definition

Class A Pass-Through Rate. As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.

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Class A Pass-Through Rate. As to the Class A-1 and Class A-R Certificates, the Class A Fixed Pass-Through Rate. The Class A-PO Certificates are not entitled to interest and have no Class A Pass-Through Rate.

Class A Pass-Through Rate. As to the Class A-12, Class A-13, Class A-14, Class A-R and Class A-LR Certificates, the Class A Fixed Pass-Through Rate. As to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-8 and Class A-11 Certificates, 6.000% per annum. As to the Class A-7 Certificates, 6.400% per annum. As to the Class A-10 Certificates, 6.750% per annum. As to the Class A-9 Certificates, 7.000% per annum. As to the Class A-5 Certificates, the Class A-5 Pass-Through Rate. As to the Class A-6 Certificates, the Class A-6 Pass-Through Rate. The Class A-PO Certificates are not entitled to interest and have no Class A Pass-Through Rate.

Examples of Class A Pass-Through Rate in a sentence

Moreover, if the Class B Pass-Through Rate exceeds the Class A Pass-Through Rate, the Seller and the Certificateholders (by accepting a beneficial interest in a Certificate) agree to (i) treat the Certificates as representing undivided beneficial ownership interests in the Receivables (other than the Retained Yield), and (ii) treat the Class A Certificateholders as having sold, and the Class B Certificateholders as having purchased, the Class B Stripped Coupon.
Interest will accrue on the Class A Certificates during each Interest Accrual Period at a rate equal to the lesser of (i) the Class A Pass-Through Rate and (ii) the WAC Cap for such Distribution Date.
The Class A Pass-Through Rate on each Distribution Date will be a rate per annum equal to the sum of one month LIBOR plus the Class A Certificate Margin.
Date of Pooling and Original Denomination: Servicing Agreement and $____________________ Cut-off Date: March 1, 1997 Initial Class A-__ Principal Balance: Class A-_ Pass-Through Rate: ____%, $____________________ computed on the basis of a 360-day year [and the actual number of days in the applicable Final Distribution Date: accrual period] [of twelve 30-day months].
The Class A-7 Component D shall accrue interest at the related Group II Class A Pass-Through Rate on its related Notional Amount but shall not be entitled to any distributions of principal.

More Definitions of Class A Pass-Through Rate

Class A Pass-Through Rate. For the first Distribution Date, 2.940% per annum, and on any Distribution Date thereafter, the lesser of (i) One-Month LIBOR for the related Accrual Period plus the Class A Margin for such Distribution Date and (ii) the Interest Rate Cap for such Distribution Date.

Class A Pass-Through Rate. The per annum rate set forth in the Introductory Statement hereto with respect to the Class A Certificates.

Class A Pass-Through Rate. As to the Class A-1, Class A-2 and Class A-R Certificates, the Class A Fixed Pass-Through Rate. The Class A-PO Certificates are not entitled to interest and have no Class A Pass-Through Rate.

Class A Pass-Through Rate. As to the Class I-A-1 Certificates, 5.000% per annum. As to the Class II-A-1, Class II-A-R and Class II-A-LR Certificates, 4.750% per annum. The Class A-PO Certificates are not entitled to interest and do not have Class A Pass-Through Rates.

Class A Pass-Through Rate means ___% per annum, calculated on the basis of a 360-day year consisting of twelve 30-day months.

Class A Pass-Through Rate means [ ]% per annum.

Class A Pass-Through Rate. As to any Distribution Date, the Class A Pass-Through Rate will be a per annum rate equal to the weighted average of the Net Mortgage Interest Rates of the Mortgage Loans (based on Scheduled Principal Balances of the Mortgage Loans on the first day of the month preceding the month of such Distribution Date).