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. 5.2 The Administrators shall take the steps rendered necessary by the relevant Mortgage Conditions to bring each change in such rate or rates of interest to the attention of the Borrowers in accordance with the Mortgage Conditions and shall take similar steps to bring each such change to the attention of any relevant guarantor. Information regarding any change in the rate or rates of interest chargeable to Borrowers, shall be made available to the Issuer and the Trustee in accordance with Clause 12. 9.1. All costs arising in relation to a notification of a change in such rate or rates of interest shall be paid by the relevant Administrator and recovered from the Issuer in accordance with Clause 11 (Costs and Expenses). 5.3 The Administration Agreement will require the Administrators to determine the interest rates of the Mortgages in the Mortgage Portfolio so that the weighted average interest rate of such Mortgages is not less than the Compounded Daily XXXXX or the Alternative Base Rate, as applicable, plus 3 per cent. after taking into account any payments due to be made or received under the hedging arrangements, Mortgage Margin Reserve Fund and the Interest Rate Converted Mortgage Release Amounts expected on the immediately following Interest Payment Date. 5.4 For the purposes of this Clause 5: 5.4.1 the rate or rates of interest chargeable to Borrowers in respect of the Mortgages shall be "set" on any day on which any change in the rate or rates charged to Borrowers becomes effective in accordance with the Mortgage Conditions; and 5.4.2 the rate or rates of interest chargeable to Borrowers in respect of the Mortgages shall be "permitted to remain in effect" on each Interest Payment Date. 5.5.1 The Trustee may, in any of the circumstances described in Clause 5.5.2 and without prejudice to the rights of the Trustee under Clause 20.1, terminate the authority of the Administrators under Clause 5.1 to determine and set the rate or rates of interest charged to Borrowers under Clause 5.1 and the authority of the Administrators under Clause 5.7...
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MORTGAGE RATE. 19 MORTGAGOR................................................................19
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MORTGAGE RATE. 13 Mortgagor.................................................................... 13
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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. 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, the Originators, 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. 4.2 The Mortgage Manager shall, no later than two Business Days prior to the date on which any change of interest rate made in accordance with Clause 4.1 is to become effective, advise the Mortgage Administrator in writing of such change.
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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 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. 7.2 The Servicer shall take the steps rendered necessary by the relevant Mortgage Conditions and applicable law (including the Guidance Note on Interest Variation Terms issued by the Office of Fair Trading in February 2000, the Statement of Good Practice on fairness of terms in consumer contracts issued by the FSA in May 2005 and any successor guideline or applicable additional guidelines) to bring each change in Standard Variable Rates to the attention of the relevant Borrowers. Any change in the Standard Variable Rates shall be notified by the Servicer in writing to the Issuer and (where the Seller is not the Servicer) the Seller as soon as reasonably practicable (in each case, following a request from the Issuer or the Seller (as applicable) to receive any such notification) and the Servicer shall, as soon as reasonably practicable thereafter, notify the relevant Borrower of any changes in the Monthly Instalments in relation to the relevant Loans. The Servicer shall bear all costs arising in relation to such notification of a change in the Standard Variable Rates in relation to the relevant Loans up to (and excluding) the date on which the perfection of the sale of the Loans and their Related Security to the Issuer is completed, in accordance with Clause 6 (Perfection of the Sale) of the Mortgage Sale Agreement. For the avoidance of doubt, the Issuer shall bear all costs arising in relation to such notification of a change in the Standard Variable Rates in relation to the relevant Loans from (and including) the date on which the perfection of the sale of the Loans and their Related Security to the Issuer is completed.
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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.

  • Mortgage Loan The appraisal was conducted by an appraiser who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof; and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the appraisal and the appraiser both satisfy the applicable requirements of Title XI of the Financial Institution Reform, Recovery, and Enforcement Act of 1989 and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated;

  • Mandate Rate The Mandate Rate shall be based upon the monthly average of the net assets of the funds in the Equity asset class, as indicated on Master Schedule A to Management Contracts, as may be updated from time to time, which is hereby incorporated by reference into this Contract, (computed in the manner set forth in the Trust’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month. The Mandate Rate may vary by class. The Mandate Rate shall be determined on a cumulative basis pursuant to the schedule set forth in Schedule 1 of this Contract.

  • Wage Rates Contractor shall post a copy of the wage rates at the job site and shall pay the adopted prevailing wage rates as a minimum. Pursuant to the provisions of Section 1773 of the Labor Code of the State of California, the Board of Supervisors has obtained the general prevailing rate of per diem wages and the general prevailing rate for holiday and overtime work in this locality for each craft, classification, or type of xxxxxxx needed to execute this Contract from the Director of the Department of Industrial Relations. These rates are on file with the Clerk of the Board of Supervisors. Copies may be obtained at cost at the office of County's OC Public Works/OC Facilities & Asset Management/A&E Project Management or visit the website of the Department of Industrial Relations, Prevailing Wage Unit at xxx.xxx.xx.xxx/XXXX/XXX. The Contractor shall comply with the provisions of Sections 1774, 1775, 1776 and 1813 of the Labor Code.

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