Class M Margin. With respect to the Class M-1 Certificates, initially 0.390% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.585% per annum. With respect to the Class M-2 Certificates, initially 0.400% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.600% per annum. With respect to the Class M-3 Certificates, initially 0.430% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.645% per annum. With respect to the Class M-4 Certificates, initially 0.510% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.765% per annum. With respect to the Class M-5 Certificates, initially 0.570% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.855% per annum. With respect to the Class M-6 Certificates, initially 0.660% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.990% per annum. With respect to the Class M-7 Certificates, initially 1.300% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 1.950% per annum. With respect to the Class M-8 Certificates, initially 1.500% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 2.250% per annum. With respect to the Class M-9 Certificates, initially 2.500% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 3.750% per annum. Class M-1 Certificate: Any one of the Class M-1 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class SB and Class R Certificates with respect to distributions and the allocation of Realized Losses as set forth in Section 4.05, and evidencing (i) an interest designated as a "regular interest" in REMIC II for purposes of the REMIC Provisions and (ii) the right to receive the Class M Basis Risk Sho...
Class M Margin. With respect to the Class M-1 Certificates, initially 0.400% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.600% per annum. With respect to the Class M-2 Certificates, initially 0.550% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.825% per annum. With respect to the Class M-3 Certificates, initially 1.250% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 1.875% per annum. With respect to the Class M-4 Certificates, initially 1.550% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 2.325% per annum. With respect to the Class M-5 Certificates, initially 1.900% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 2.850% per annum.
Class M Margin. With respect to the Class M-1 Certificates, initially 0.500% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.750% per annum. With respect to the Class M-2 Certificates, initially 0.520% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.780% per annum. With respect to the Class M-3 Certificates, initially 0.540% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.810% per annum. With respect to the Class M-4 Certificates, initially 0.650% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.975% per
More Definitions of Class M Margin
Class M Margin means in respect of the Class M Notes, 1.00 per cent. per annum up to and excluding the relevant Step-Up Date and thereafter 2.00 per cent. per annum.
Class M Margin. With respect to the Class M-1S Certificates, initially [___]% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, [___]% per annum. With respect to the Class M-2S Certificates, initially [___]% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, [___]% per annum. With respect to the Class M-3S Certificates, initially [___]% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, [___]% per annum. With respect to the Class M-4 Certificates, initially [___]% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, [___]% per annum. With respect to the Class M-5 Certificates, initially 0.380% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, [___]% per annum. With respect to the Class M-6 Certificates, initially [___]% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, [___]% per annum. With respect to the Class M-7 Certificates, initially [___]% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, [___]% per annum. With respect to the Class M-8 Certificates, initially [___]% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, [___]% per annum. With respect to the Class M-9 Certificates, initially [___]% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, [___]% per annum.
Class M Margin. The Class M-1 Margin, Class M-2 Margin, Class M-3 Margin, Class M-4 Margin, Class M-5 Margin, Class M-6 Margin, Class M-7 Margin, Class M-8 Margin, Class M-9 Margin or Class M-10 Margin, as applicable.
Class M Margin. With respect to the Class M-1 Certificates, initially 0.480% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.720% per annum. With respect to the Class M-2 Certificates, initially 0.550% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.825% per annum. With respect to the Class M-3 Certificates, initially 0.650% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.975% per annum. With respect to the Class M-4 Certificates, initially 0.950% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 1.425% per annum. With respect to the Class M-5 Certificates, initially 2.000% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 3.000% per annum. With respect to the Class M-6 Certificates, initially 2.000% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 3.000% per annum. With respect to the Class M-7 Certificates, initially 2.000% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 3.000% per annum. Class M-1 Certificate: Any one of the Class M-1 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class SB and Class R Certificates with respect to distributions and the allocation of Realized Losses as set forth in Section 4.05, and evidencing (i) an interest designated as a "regular interest" in REMIC II for purposes of the REMIC Provisions and (ii) the right to receive the Class M Basis Risk Shortfall Carry-Forward Amount from the Excess Cash Flow, the Supplemental Interest Trust Account and the Swap Agreement to the extent described herein.
Class M Margin. With respect to the Class M-1 Certificates, initially % per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, % per annum. With respect to the Class M-2 Certificates, initially % per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, % per annum. With respect to the Class M-3 Certificates, initially % per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, % per annum. With respect to the Class M-4 Certificates, initially % per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, % per annum. With respect to the Class M-5 Certificates, initially % per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, % per annum. With respect to the Class M-6 Certificates, initially % per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, % per annum.
Class M Margin. With respect to the Class M-1 Certificates, initially 0.4200% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.6300% per annum. With respect to the Class M-2 Certificates, initially 0.4500% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.6750% per annum. With respect to the Class M-3 Certificates, initially 0.4800% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.7200% per annum. With respect to the Class M-4 Certificates, initially 0.6200% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.9300% per annum. With respect to the Class M-5 Certificates, initially 0.6500% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.9750% per annum. With respect to the Class M-6 Certificates, initially 0.7100% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 1.0650% per annum. With respect to the Class M-7 Certificates, initially 1.2000% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 1.8000% per annum. With respect to the Class M-8 Certificates, initially 1.3000% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 1.9500% per annum. With respect to the Class M-9 Certificates, initially 1.7500% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 2.6250% per annum.