Calculation of the Note Rate. On the second LIBOR Business Day preceding each Payment Date, the Indenture Trustee shall determine LIBOR for the Interest Period commencing on the Payment Date and inform the Master Servicer (at the facsimile number given to the Indenture Trustee in writing) of the rate. On each Determination Date, the Indenture Trustee shall determine the applicable Note Rate on the related Payment Date.
Appears in 15 contracts
Samples: Indenture (Cwabs Inc), Indenture (Cwabs Inc Revolving Hm Equ Ln Asst Back NTS Ser 2003-B), Indenture (Cwabs Inc)
Calculation of the Note Rate. On With respect to the Notes, on the second LIBOR Business Day immediately preceding each Payment Date, the Indenture Trustee shall determine LIBOR for the Interest Period commencing on the such Payment Date and inform the Master Servicer (at the facsimile number given to the Indenture Trustee in writing) of the ratesuch rates. On or prior to each Determination Payment Date, the Indenture Trustee shall determine the applicable Note Rate on for the related Payment Datefollowing Interest Accrual Period.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H4), Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2007-H1), Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H2)
Calculation of the Note Rate. On With respect to the Notes, on the second LIBOR Business Day immediately preceding each Payment Date (or as of the second LIBOR Business Day prior to the Closing Date, in the case of the first Payment Date), the Indenture Trustee shall determine LIBOR for the Interest Accrual Period commencing on the such Payment Date and inform the Master Servicer (at the facsimile number given to the Indenture Trustee in writing) of the ratesuch rates. On or prior to each Determination Date, the Indenture Trustee shall determine the applicable Note Rate on for the related Payment Date.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (First Horizon Asset Sec HELOC Notes Ser 2006-He2), Sale and Servicing Agreement (First Horizon Asset Sec HELOC Notes Ser 2007-He1)
Calculation of the Note Rate. On With respect to the Notes, on the second LIBOR Business Day immediately preceding each Payment Date (or as of the second LIBOR Business Day prior to the Closing Date, in the case of the first Payment Date), the Indenture Trustee shall determine LIBOR for the Interest Period commencing on the such Payment Date and inform the Master Servicer (at the facsimile number given to the Indenture Trustee in writing) of the ratesuch rates. On or prior to each Determination Payment Date, the Indenture Trustee shall determine the applicable Note Rate on for the related Payment Date.
Appears in 1 contract
Samples: Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H1)
