Class A-S Pass-Through Rate definition

Class A-S Pass-Through Rate. For any Distribution Date, a per annum rate equal to 3.4150%.
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Class A-S Pass-Through Rate. For any Distribution Date, a per annum rate equal to the lesser of (a) 3.4188% and (b) the WAC Rate for such Distribution Date.
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Class A-S Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to the lesser of (i) the Weighted Average Net Mortgage Rate for such Distribution Date and (ii) 3.752%.
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Examples of Class A-S 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-S Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.


More Definitions of Class A-S Pass-Through Rate

Class A-S Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to a fixed rate of 3.9965%.
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Class A-S 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.
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Class A-S Pass-Through Rate. A per annum rate equal to the lesser of 4.0532% and the WAC Rate.
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Class A-S Pass-Through Rate. With respect to the Class A-S Components: related to Loan Group I, the Adjusted Weighted Average Net Mortgage Rate; related to Loan Group II, the Group II Certificate Interest Rate; and related to Loan Group III, the Group III Certificate Interest Rate; provided, however, for federal income tax purposes, the interest rate on the Class A-S Certificates will equal, on any Distribution Date, a per annum rate equal to the weighted average of the Uncertificated Pass-Through Rates of Uncertificated REMIC 2 Regular Interest MTAS-I, the Uncertificated REMIC 2 Regular Interest MTAS-II and the Uncertificated REMIC 2 Regular Interest MTAS-III, weighted based on their respective Uncertificated Principal Balances.
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Related to Class A-S Pass-Through Rate

  • Class A-1 Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 2.222%.

  • Class A-2 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.1030%.

  • Class A-3 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.356%.

  • Class A-4 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.1020%.

  • Class C Pass-Through Rate For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date.

  • Class D Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.00000%.

  • Class X-A Pass-Through Rate For any Distribution Date, the weighted average of Class X Strip Rates for the Class X-A Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Class B Pass-Through Rate As to any Distribution Date, 6.500% per annum.

  • Class X-B Pass-Through Rate For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-B Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Pass-Through Rate For any interest bearing Class of Certificates or Component, the per annum rate set forth or calculated in the manner described in the Preliminary Statement.