Class B Pass-Through Rate definition

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

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

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

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

• The pass-through rate with respect to the Class B-L1 Interest, Class B-L2 Interest, Class B-L3 Interest, Class B-L4 Interest, Class B-L5 Interest and Class B-L6 Interest shall be equal to the Class B Pass-Through Rate.

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

• 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 [B] Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.

• The Class B Pass-Through Rate on the Class B Certificates on each Distribution Date will be the per annum rate specified above.

More Definitions of Class B Pass-Through Rate

Class B Pass-Through Rate. With respect to any Distribution Date, a per annum rate equal to 3.9990%.

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

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

Class B Pass-Through Rate. With respect to the Class B Certificates, for any Distribution Date, a per annum rate equal to (i) the lesser of 6.308% and (ii) the WAC Rate for such Distribution Date.

Class B Pass-Through Rate. A per annum rate equal to the WAC Rate minus 0.25%.

Class B Pass-Through Rate means ___% per annum.

Class B Pass-Through Rate. For any Distribution Date, a per annum fixed rate equal to [___]%.