Class B-2 Pass-Through Rate definition

Class B-2 Pass-Through Rate. For the first Distribution Date, 6.850% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-2 Margin,

Class B-2 Pass-Through Rate. For each Distribution Date, the lesser of (i) LIBOR as of the related LIBOR Determination Date, plus the Class B-2 Certificate Margin and (ii) the related Rate Cap for such Distribution Date.

Class B-2 Pass-Through Rate. With respect to each Distribution Date, a per annum rate equal to the lesser of (i) the sum of One-Month LIBOR for that Distribution Date plus (A) on or prior to the first possible Optional Termination Date, 2.500% or (B) after the first possible Optional Termination Date, 3.750% and (ii) the Net Funds Cap.

Examples of Class B-2 Pass-Through Rate in a sentence

• Interest will accrue on the Class B-2 Certificates during each Interest Accrual Period at the Class B-2 Pass-Through Rate.

• Interest will accrue on the Class B-2 Certificates during each Interest Accrual Period at a rate equal to the lesser of (i) the Class B-2 Pass-Through Rate and (ii) the WAC Cap for such Distribution Date.

• Class B-2 Pass-Through Rate: The Pass-Through Rate for the Class B-2 Certificates for the Interest Accrual Period related to any Distribution Date on or prior to the first related Initial Optional Termination Date will be a per annum rate equal to the lesser of (i) one-month LIBOR + 2.2500% and (ii) the Aggregate Net WAC Cap.

• The Class B-2 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 B-2 Certificate Margin and (ii) the related Rate Cap for such Distribution Date.

• The Class B-2 Pass-Through Rate on each Distribution Date will be a rate per annum equal to the sum of one month LIBOR plus the Class B-2 Certificate Margin.

More Definitions of Class B-2 Pass-Through Rate

Class B-2 Pass-Through Rate. For any Distribution Date on or before the Initial Optional Termination Date, the least of (1) 6.250%, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date; and for any Distribution Date after the Initial Optional Termination Date, the least of (1) 6.750%, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.

Class B-2 Pass-Through Rate. For each Distribution Date, LIBOR as of the related LIBOR Determination Date, plus the Class B-2 Certificate Margin.

Class B-2 Pass-Through Rate. A per annum rate equal to 7.525%.

Class B-2 Pass-Through Rate. With respect to the initial Interest Accrual Period (a) on or prior to the Optional Termination Date, the lesser of (i) [__________]% per annum and (ii) the Net Funds Cap, and (b) after the Optional Termination Date, the lesser of (i) [__________]% per annum and (ii) the Net Funds Cap.

Class B-2 Pass-Through Rate means (i) on any Distribution Date which occurs on or prior to the Optional Termination Date, the LIBOR Rate and (ii) for each Distribution Date thereafter, the LIBOR Rate plus 0.50% per annum, in each case subject to a cap equal to the Net WAC Rate Cap for such Distribution Date.

Class B-2 Pass-Through Rate means (i) on any Distribution Date which occurs on or prior to the Optional Termination Date, One-Month LIBOR plus 1.90% per annum and (ii) for each Distribution Date thereafter, One-Month LIBOR plus 2.85% per annum, in each case subject to a cap equal to the related Net WAC Rate Cap for such Distribution Date; for federal income tax purposes, however, the equivalent of the foregoing, stated as the weighted average of the Uncertificated REMIC II Pass-Through Rate for REMIC II Regular Interest B-2, weighted on the basis of the Uncertificated Principal Balance thereof immediately prior to such Distribution Date.

Class B-2 Pass-Through Rate. For each Distribution Date, the least of (i) (a) on or prior to the Optional Termination Date, 7.000% per annum and (b) following the Optional Termination Date, 7.500% per annum, (ii) the Net WAC Cap and (iii) the Maximum Rate Cap.