CLASS X2 PASSTHROUGH RATE

CLASS X2 PASSTHROUGH RATE. On any Distribution Date, the weighted average of the excess of (a) the Net Mortgage Rate on each Non-Discount Mortgage Loan in Loan Group II over (b) 8.00% per annum. For federal income tax purposes, however, the Class X-2 Certificates will not have a Class X-2 Pass-Through Rate, and the Accrued Certificate Interest for the Class X-2 Certificates and any Distribution Date will be deemed to be 100% of the amount distributed on -3- REMIC I Regular... Interest LTI-XII for such Distribution Date. View More