Delinquency Rate. The “Delinquency Rate”“ shall be defined as that annual interest rate which is the greater of (a) nine percent (9.0%) per annum, or (b) that variable rate which is equal to the Prime Rate (as hereinafter defined) in effect on such date or during such period, plus four percent (4.0%), compounded monthly from the date so advanced; provided, however, that such rate shall be in no event higher than the maximum rate which, when compounded monthly, is prohibited by applicable law. The “Prime Rate” shall mean the rate per annum as stated in the Money Rates Section in The Wall Street Journal for the period for which such rate applies.
Delinquency Rate. 14 Depository..............................................................................................14
Delinquency Rate. All Rents and Charges shall incur a "Delinquency Charge" at the rate of eighteen percent (18%) per annum or the maximum rate of interest allowed by law, whichever is less (the "Delinquency Rate"), from the date such Rents and Charges are due until same are paid in full. The Delinquency Rate is subject to periodic change by the Authority. No change in the Delinquency Rate shall occur, however, without at least thirty (30) days prior written notice to Xxxxxx. Imposition of a Delinquency Charge shall not constitute a waiver of any other remedies available to the Authority for failure to timely pay Rents and Charges.
Delinquency Rate. Borrowers shall have and maintain at all times ---------------- a Delinquency Rate (as defined below), measured monthly as of the last day of each calendar month, of no greater than seven percent (7.0%) of the Net Lease Receivables comprising of Borrowers' entire combined lease portfolio. "Net Lease Receivables" shall mean the aggregate of the scheduled future lease payments comprising of Borrowers' entire combined lease portfolio
Delinquency Rate. Not applicable.
Delinquency Rate. In addition to the late payment charge, all Rents and Charges not paid within ten
Delinquency Rate. With respect to any calendar month, the fraction, expressed as a percentage, the numerator of which is the aggregate outstanding principal balance of all Mortgage Loans which are 60 days Delinquent or more (including all foreclosures, bankruptcies and REO Properties) as of the close of business on the last day of such month, and the denominator of which is the Aggregate Loan Balance as of the close of business on the last day of such month.
Delinquency Rate. For each unpaid Advance there will be a charge equal to Prime Rate plus 6.50% on the ADB beginning on the applicable Payment Due Date to and including the date IBM Credit receives payment thereof.
Delinquency Rate. For any Due Period, the fraction, expressed as a percentage, the numerator of which is the aggregate outstanding principal balance of all Mortgage Loans that are 60 or more days delinquent (including all foreclosures and REO Properties) as of the close of business on the last day of such Due Period, and the denominator of which is the aggregate principal balance of the Mortgage Loans as of the close of business on the last day of such Due Period. Depositor: FBR Securitization, Inc., a Delaware corporation, or its successors in interest. Depository: The initial Depository shall be The Depository Trust Company, the nominee of which is Cede & Co., as the registered Holder of the Book-Entry Notes. The Depository shall at all times be a “clearing corporation” as defined in Section 8-102(a)(5) of the UCC of the State of New York and registered as a “clearing agency” pursuant to Section 17A of the Exchange Act as amended.
Delinquency Rate. The Borrower shall not permit the Delinquency ---------------- Rate for all mortgage loans in the Borrower's servicing portfolio to be 12.5% or greater.
