DETERMINATION OF NOTE INTEREST RATE. On the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period and (ii) the first day of each succeeding Interest Period, the Indenture Trustee shall determine LIBOR and the Note Interest Rate for such Interest Period and shall inform the Issuer, the Master Servicer and the Depositor at their respective facsimile numbers given to the Indenture Trustee in writing thereof.
Appears in 26 contracts
Samples: Indenture (National City Mortgage Capital LLC), Indenture (Long Beach Securities Corp), Indenture (Painewebber Mortgage Acceptance Corporation Iv)
DETERMINATION OF NOTE INTEREST RATE. On the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period and (ii) the first day of each succeeding Interest Period, the Indenture Trustee shall determine LIBOR and the Note Interest Rate for such Interest Period and shall inform the IssuerIssuing Entity, the Master Servicer and the Depositor at their respective facsimile numbers given to the Indenture Trustee in writing thereof.
Appears in 9 contracts
Samples: Indenture (Shellpoint Mortgage Acceptance LLC), Indenture (Opteum Mortgage Acceptance CORP), Indenture (Impac Secured Assets Corp)
DETERMINATION OF NOTE INTEREST RATE. On the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period and (ii) the first day of each succeeding Interest Period, the Indenture Trustee shall determine LIBOR and the Note Interest Rate for such Interest Period and shall inform the IssuerIssuing Entity, the Master Servicer and the Depositor at their respective facsimile numbers given to the Indenture Trustee in writing thereof.
Appears in 3 contracts
Samples: Indenture (Structured Asset Mortgage Investments Ii Inc), Indenture (American Home Mortgage Assets LLC), Indenture (American Home Mortgage Securities LLC)
DETERMINATION OF NOTE INTEREST RATE. On the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period and (ii) the first day of each succeeding Interest Period, the Indenture Trustee shall determine LIBOR and the Note Interest Rate for such Interest Period and shall inform the Issuer, the Master Servicer and the Depositor at their respective facsimile numbers given to the Indenture Trustee in writing thereof.
Appears in 2 contracts
Samples: Indenture (WaMu Asset Acceptance Corp.), Indenture (WaMu Asset Acceptance Corp.)
DETERMINATION OF NOTE INTEREST RATE. On the second LIBOR Business Day immediately preceding each Payment Date (i) or the second LIBOR Business Day immediately preceding the Closing Date in the case of with respect to the first Interest Period and (ii) the first day of each succeeding Interest Period), the Indenture Trustee shall determine One-Month LIBOR and the Note Interest Rate for such the following Interest Period and shall inform the Issuer, the Master Servicer and the Depositor Company at their respective facsimile numbers given to the Indenture Trustee in writing thereof.
Appears in 2 contracts
Samples: Indenture (Merrill Lynch Mortgage Investors Inc), Indenture (Pacificamerica Money Center Inc)
DETERMINATION OF NOTE INTEREST RATE. On the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period and (ii) the first day of each succeeding Interest PeriodPayment Date, the Indenture Trustee shall determine One-Month LIBOR and the Note Interest Rate for such the following Interest Period and shall inform the Issuer, the Master Servicer and the Depositor Company at their respective facsimile numbers given to the Indenture Trustee in writing thereof.
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