Subordinate Certificate Upper Collar definition

Subordinate Certificate Upper Collar. With respect to each Distribution Date with respect to which payments are received on the Subordinate Certificate Cap Contract, a rate equal to the lesser of One-Month LIBOR and 8.970% per annum.
Subordinate Certificate Upper Collar. With respect to each Distribution Date with respect to which payments are received on the Subordinate Certificate Corridor Contract, a rate equal to the lesser of One-Month LIBOR and 8.540% per annum. Subordinate Certificates: The Class M and Class B Certificates.
Subordinate Certificate Upper Collar. With respect to each Distribution Date with respect to which payments are received on the Subordinate Certificate Corridor Contract, a rate equal to the lesser of One-Month LIBOR and (x) 7.110% per annum for the Distribution Dates from October 2007 through September 2008 and (y) 12.000% per annum for the Distribution Dates from January 2012 through June 2013.

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