Common use of Determination of Note Rate Clause in Contracts

Determination of Note 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 applicable Note Rate for such Interest Period and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.

Appears in 22 contracts

Samples: Indenture (GMACM Home Equity Loan Trust 2006-He1), Indenture (Residential Asset Mortgage Products Inc), Indenture (Greenpoint Mortgage Securities LLC)

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Determination of Note 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 applicable Note Rate for such Interest Period and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online serviceDepositor.

Appears in 3 contracts

Samples: Indenture (Residential Asset Mortgage Products Inc), Indenture (Residential Asset Mortgage Products Inc), Indenture (Residential Asset Mortgage Products Inc)

Determination of Note 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 applicable Note Rate for such Interest Period and shall inform provide the Issuer, the Servicer and the Depositor with the rates of LIBOR and the Note Rate by means of making such rates available on the Indenture Trustee's online serviceinternet website, as set forth in Section 3.26.

Appears in 3 contracts

Samples: Indenture (Morgan Stanley ABS Capital I Inc. MSDWCC HELOC Trust 2005-1), Indenture (Heloc Asset-Backed Notes Series 2003-2), Indenture (Morgan Stanley Abs Capital I Inc MSDWCC Heloc Trust 2003-1)

Determination of Note Rate. On The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Notes and (ii) the first day of each succeeding Interest PeriodPeriod for the Notes, the Indenture Trustee shall determine LIBOR and the applicable Note Rate for such Interest Period and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.

Appears in 3 contracts

Samples: Indenture (Residential Asset Mort Prods Inc Gmacm Mort Ln Tr 03 Gh2), Indenture (GMACM Mortgage Loan Trust 2004-Gh1), Indenture (Residential Asset Mortgage Prod Inc Gmacm Mor Ln Tr 2003-Gh1)

Determination of Note Rate. On The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Notes and (ii) the first day of each succeeding Interest PeriodPeriod for the Class A-1 Notes, the Indenture Trustee shall determine LIBOR and the applicable Note Rate for such Interest Period and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.

Appears in 2 contracts

Samples: Indenture (GMACM Home Equity Loan Trust 2006-He3), Indenture (GMACM Home Equity Loan Trust 2007-He1)

Determination of Note Rate. On As long as the Class A-1 Notes are Outstanding, 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 One-Month LIBOR and the applicable Note Rate for the Class A-1 Notes for such Interest Period and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.

Appears in 2 contracts

Samples: Indenture (GMACM Home Loan Trust 2006-Hltv1), Indenture (GMACM Home Loan Trust 2004-Hltv1)

Determination of Note Rate. (a) 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 applicable Note Rate for such Interest Period and shall inform the Issuer, the Servicer and the Depositor by means of at their respective facsimile numbers given to the Indenture Trustee's online serviceTrustee in writing thereof.

Appears in 1 contract

Samples: Indenture (Ucfc Acceptance Corp)

Determination of Note 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 applicable Note Rate (for each Class of Notes) for such Interest Period and shall inform the Issuer, the Master Servicer and the Depositor by means of at their respective facsimile numbers given to the Indenture Trustee's online serviceTrustee in writing thereof.)

Appears in 1 contract

Samples: Indenture (Merrill Lynch Mortgage Investors Inc)

Determination of Note 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 applicable Note Rate for such Interest Period and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online servicefacsimile transmission, in writing or other electronic means.

Appears in 1 contract

Samples: Indenture (Wachovia Asset Securitization Inc 2002 He2 Trust)

Determination of Note 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 applicable Note Rate for such Interest Period and shall inform provide the Issuer, the Servicer and the Depositor with the rates of LIBOR and the Note Rate by means of making such rates available on the Indenture Trusteetrustee's online website, electronic bulletin board and fax-on-demand service, as set forth in Section 3.26.

Appears in 1 contract

Samples: Indenture (Morgan Stanley Abs Capital I Inc)

Determination of Note 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 applicable Note Rate for such Interest Period and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's ’s online service.

Appears in 1 contract

Samples: Indenture (Gmacm Home Equity Loan Trust 2005-He1)

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Determination of Note 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 applicable Note Rate for such Interest Period and shall inform the Issuer, the Master Servicer and the Depositor by means of at their respective facsimile numbers given to the Indenture Trustee's online serviceTrustee in writing thereof.]

Appears in 1 contract

Samples: Indenture (Beneficial Mortgage Services Inc)

Determination of Note Rate. On The Indenture Trustee shall determine LIBOR and the applicable Note Rate for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Class A-I-1 Notes and (ii) the first day of each succeeding Interest PeriodPeriod for the Class A-I-1 Notes, the Indenture Trustee shall determine LIBOR and the applicable Note Rate for such Interest Period and shall inform the Issuer, the Servicer and the Depositor by means not later than the Business Day next preceding the first day of the Indenture Trustee's online serviceeach such Interest Period.

Appears in 1 contract

Samples: Indenture (Residential Asset Mortgage Products Inc)

Determination of Note 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 Servicer shall determine LIBOR and the applicable Note Rate for such Interest Period and shall inform the Issuer, the Servicer Paying Agent and the Depositor by means of the Indenture Trustee's online servicefacsimile transmission, in writing or other electronic means.

Appears in 1 contract

Samples: Indenture (Wachovia Asset Sec Series 2004 - HE1)

Determination of Note Rate. On the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Accrual Period and (ii) the first day of each succeeding Interest Accrual Period, the Indenture Trustee shall determine LIBOR and the applicable Note Rate for such Interest Accrual Period and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online serviceDepositor.

Appears in 1 contract

Samples: Indenture (Residential Asset Mortgage Products Inc)

Determination of Note 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 applicable Note Rate for such Interest Period and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.

Appears in 1 contract

Samples: Indenture (Bear Stearns Asset Back Sec Inc Gmacm Rev Ho Eq Lo Tr 1998-2)

Determination of Note 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 applicable Note Rate for such Interest Period and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online servicefacsimile transmission, in writing or other electronic means.

Appears in 1 contract

Samples: Indenture (Wachovia Asset Sec Inc Asst Back Notes Ser 2002 He1)

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