MORTGAGE RATE Sample Clauses

MORTGAGE RATE. 25 MORTGAGOR....................................................................................................25
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MORTGAGE RATE. 5.1 Subject to Clauses 5.2, 5.5 and 5.6, each Seller, the Issuer and the Trustee grant the Administrators full right, liberty and authority from time to time, in accordance with the relevant Mortgage Conditions, to determine and set the rate or rates of interest chargeable to Borrowers. Each of the Sellers, the Issuer and the Trustee shall be bound by any rate or rates of interest set in accordance with this Agreement.
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MORTGAGE RATE. 13 Mortgagor.................................................................... 13
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MORTGAGE RATE. 4.1 The Issuer and the Trustee grant the Mortgage Manager full right, liberty and authority (and the Origination Agent acknowledges such grant) to determine and set the rate or rates of interest applicable to the Loans on each date on which such rate or rates may be re-set thereunder in accordance with the terms of such Loans and in compliance with any applicable requirements of the Financial Regulator. The Origination Agent, SF1, the Issuer and the Trustee shall be bound by any rate or rates of interest applicable to the Loans set in accordance with this Mortgage Management Agreement.
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MORTGAGE RATE. 7.1 Subject to the terms of the Mortgage Sale Agreement, the Seller and the Issuer (as applicable) hereby grants the Servicer full right, liberty and authority from time to time, in accordance with the relevant Mortgage Conditions, to take all steps which are necessary to set the Floating Mortgage Rates in respect of the Floating Rate Loans sold by the Seller to the Issuer, which have not at the relevant date of determination been repurchased by the Seller, provided that the interest due on the Floating Rate Loans is set by reference to BBR or XXXXX as determined in accordance with the relevant Mortgage Conditions. 7.2 The Servicer shall take the steps rendered necessary by the relevant Mortgage Conditions and applicable law to bring each change in Floating Mortgage Rates to the attention of the relevant Borrowers.
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MORTGAGE RATE. 18 SECTION PAGE ------- ----
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MORTGAGE RATE. 32 Mortgagor...................................................................32 Net Aggregate Prepayment Interest Shortfall.................................32
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MORTGAGE RATE. 7.1 Subject to the terms of the Mortgage Sale Agreement, the Seller and the Issuer (as applicable) hereby grants the Servicer full right, liberty and authority from time to time, in accordance with the relevant Mortgage Conditions, to take all steps which are necessary to set the Floating Mortgage Rates in respect of the Floating Rate Loans sold by the Seller to the Issuer, which have not at the relevant date of determination been repurchased by the Seller, provided that the interest due on the Floating Rate Loans is set by reference to BBR or XXXXX as determined in accordance with the relevant Mortgage Conditions.
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MORTGAGE RATE. 7.1 Subject to the terms of the Mortgage Sale Agreement, the Seller and the Issuer (as applicable) hereby grants the Servicer full right, liberty and authority from time to time, in accordance with the relevant Mortgage Conditions, to take all steps which are necessary to set the Standard Variable Rate (including publishing any notice which is required in accordance with the Mortgage Conditions to effect such change in the Standard Variable Rate) to a rate not less than Compounded Daily XXXXX as at the previous Interest Determination Date plus 3 per cent., and for these purposes if Compounded Daily XXXXX is less than zero, Compounded Daily XXXXX, shall be deemed to be zero.
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Related to MORTGAGE RATE

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Contract Rate Subject to Sections 2.2 and 3.9, interest payable on the outstanding principal amount of this Note (the “Principal Amount”) shall accrue at a rate per annum equal to the “prime rate” published in The Wall Street Journal from time to time (the “Prime Rate”), plus two percent (2%) (the “Contract Rate”). The Contract Rate shall be increased or decreased as the case may be for each increase or decrease in the Prime Rate in an amount equal to such increase or decrease in the Prime Rate; each change to be effective as of the day of the change in the Prime Rate. The Contract Rate shall not at any time be less than eight percent (8%). Interest shall be (i) calculated on the basis of a 360 day year, and (ii) payable monthly, in arrears, commencing on March 1, 2008, on the first business day of each consecutive calendar month thereafter through and including the Maturity Date, and on the Maturity Date, whether by acceleration or otherwise.

  • Maximum Interest Rate In no event shall any interest rate provided for hereunder exceed the maximum rate legally chargeable under applicable law with respect to loans of the Type provided for hereunder (the “Maximum Rate”). If, in any month, any interest rate, absent such limitation, would have exceeded the Maximum Rate, then the interest rate for that month shall be the Maximum Rate, and, if in future months, that interest rate would otherwise be less than the Maximum Rate, then that interest rate shall remain at the Maximum Rate until such time as the amount of interest paid hereunder equals the amount of interest which would have been paid if the same had not been limited by the Maximum Rate. In the event that, upon payment in full of the Obligations, the total amount of interest paid or accrued under the terms of this Agreement is less than the total amount of interest which would, but for this Section 3.3, have been paid or accrued if the interest rate otherwise set forth in this Agreement had at all times been in effect, then the Borrower shall, to the extent permitted by applicable law, pay the Agent, for the account of the applicable Lenders, an amount equal to the excess of (a) the lesser of (i) the amount of interest which would have been charged if the Maximum Rate had, at all times, been in effect or (ii) the amount of interest which would have accrued had the interest rate otherwise set forth in this Agreement, at all times, been in effect over (b) the amount of interest actually paid or accrued under this Agreement. If a court of competent jurisdiction determines that the Agent and/or any Lender has received interest and other charges hereunder in excess of the Maximum Rate, such excess shall be deemed received on account of, and shall automatically be applied to reduce, the Obligations other than interest, and if there are no Obligations outstanding, the Agent and/or such Lender shall refund to the Borrower such excess.

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