PassThrough Rate

PassThrough Rate. With respect to the Class A-4 Certificates and the Distribution Date in September 2005, 5.50% per annum, and with respect to any Distribution Date thereafter, a per annum rate equal to the lesser of (a) 5.50% per annum in the case of each Distribution Date through and including the Optional Termination Date, or 6.00% per annum in the case of any Distribution Date following the Optional Termination Date and (b) the Net WAC Pass-Through Rate for the related Distribution Date. For federal income... tax purposes, the Pass-Through Rate on the Class A-4 Certificates will be a per annum rate equal to the lesser of (a) 5.50% per annum in the case of each Distribution Date through and including the Optional Termination Date and 6.00% per annum in the case of each Distribution Date thereafter and (b) the Uncertificated REMIC II Pass-Through Rate on REMIC II Regular Interest MT-A4. View More