Adjustable Rate Group definition

Adjustable Rate Group. The Mortgage Loan Group comprised of all Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to the Adjustable Rate Group, including any Qualified Replacement Mortgage Loans delivered in replacement thereof.
Sample 1Sample 2Sample 3
Adjustable Rate Group. The group of Mortgage Loans indicated on the Mortgage Loan Schedule as belonging to the Adjustable Rate Group.
Sample 1Sample 2Sample 3
Adjustable Rate Group. The pool of Home Equity Loans identified in the related Schedule of Home Equity Loans as having been assigned to the Adjustable Rate Group in Schedule I-B hereto or Schedule I-B of a Subsequent Transfer Agreement, including any Qualified Replacement Mortgage delivered in replacement thereof.
Sample 1Sample 2Sample 3

Examples of Adjustable Rate Group in a sentence

  • In making the deposits set forth in clauses (i) through (iv) (inclusive) above, the Trustee shall note in its records (if applicable) the respective amounts deposited with respect to the Fixed Rate Group and the Adjustable Rate Group.

  • With respect to each Distribution Date, not later than the fifth Business Day prior to the related Deposit Date the Servicer shall deliver to the Trustee a computer-readable magnetic tape containing the Servicer Remittance Report relating to the Fixed Rate Group and the Servicer Remittance Report relating to the Adjustable Rate Group detailing the payments and collections received in respect of the Mortgage Loans in the related Mortgage Loan Group during the immediately preceding Collection Period.

  • The Trustee shall hold the Fixed Rate Group Capitalized Interest Account Deposit for the benefit of the Fixed Rate Group Certificateholders and the Adjustable Rate Group Capitalized Interest Account Deposit for the benefit of the Adjustable Rate Group Certificateholders.

  • On such first Distribution Date, such amounts will be deemed to be available in respect of Monthly Interest for the Fixed Rate Group or Adjustable Rate Group, as appropriate, and will be distributable to the Certificateholders.

  • No later than the Closing Date, the Trustee will deposit in the Prefunding Account: (i) the Fixed Rate Group Prefunding Account Deposit from the proceeds of the sale of the Fixed Rate Group Certificates and (ii) the Adjustable Rate Group Prefunding Account Deposit from the proceeds of the sale of the Adjustable Rate Group Certificates.

  • On each Pre-Funding Payment Date, the Trustee shall transfer from the Capitalized Interest Account to the Certificate Account, the Fixed Rate Group Capitalized Interest Requirement and Adjustable Rate Group Capitalized Interest Requirement for such Pre-Funding Payment Date.

  • In making the withdrawals set forth in clauses (i) through (x) (inclusive) above, the Servicer shall note (when applicable) in its records the respective amounts withdrawn with respect to the Fixed Rate Group and the Adjustable Rate Group.

  • In making the withdrawals set forth in clauses (i) through (v) (inclusive) above, the Trustee shall note in its records (if applicable) the respective amounts withdrawn with respect to the Fixed Rate Group and the Adjustable Rate Group.

  • All calculations of interest on the Adjustable Rate Group Certificates will be computed on the basis of the actual number of days elapsed in the related Interest Period and a year of 360 days.

  • The Trust shall be divided into two separate sub-trusts; one for the Adjustable Rate Group and any Trust assets allocable to such Adjustable Rate Group and the other for the Fixed Rate Group and any Trust assets allocable to such Fixed Rate Group.


More Definitions of Adjustable Rate Group

Adjustable Rate Group. The pool of Mortgage Loans identified in the related Schedule of Mortgage Loans as having been assigned to the Adjustable Rate Group in Schedule I-B hereto, including any Qualified Replacement Mortgage Loans delivered in replacement thereof.
Sample 1Sample 2Sample 3
Adjustable Rate Group. Either Adjustable Rate Group I or Adjustable Rate Group II, as the case may be.
Sample 1
Adjustable Rate Group means the Mortgage Loan Group consisting of Adjustable Rate Mortgage Loans.
Sample 1
Adjustable Rate Group. The pool of Mortgage Loans identified in the related Schedule of Mortgage Loans as having been assigned to the Adjustable Rate Group in Schedule I-B hereto, including any Qualified Replacement Mortgages delivered in replacement thereof. The beneficial ownership of the Adjustable Rate Group is evidenced by Subsidiary REMIC Interest 2 and the SR Interest.
Sample 1
Adjustable Rate Group. The Subsidiary REMIC Interest 4, which is comprised of the pool of Mortgage Loans identified in the related Schedule of Mortgage Loans as having been assigned to the Adjustable Rate Group in Schedule I-B hereto, including any Qualified Replacement Mortgages delivered in replacement thereof.
Sample 1

Related to Adjustable Rate Group

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.68%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Applicable Rate means a percentage per annum equal to:

  • Maximum Applicable Rate with respect to APS, has the meaning set forth in Section 11.10(a)(vii) of these Bylaws.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Applicable Rating Level at any time and for any Borrower shall be determined in accordance with the then-applicable S&P Rating and the then-applicable Xxxxx’x Rating for such Borrower as follows: S&P Rating A or higher or Xxxxx’x Rating A2 or higher 1 S&P Rating A- or higher or Xxxxx’x Rating A3 or higher 2 S&P Rating BBB+ or Xxxxx’x Rating Baa1 3 S&P Rating BBB or Xxxxx’x Rating Baa2 4 S&P Rating BBB- or Xxxxx’x Rating Baa3 5 S&P Rating BB+ or below or Xxxxx’x Rating Ba1 or below, or no S&P Rating or Xxxxx’x Rating 6 The Applicable Rating Level for any Borrower and for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating for such Borrower in effect on such day. If the S&P Rating and the Xxxxx’x Rating are not the same (i.e., a “split rating”), the higher of such ratings shall control, unless (i) the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control, or (ii) either rating is below BBB- or Baa3 (as applicable), in which case the lower of the two ratings shall control.

  • Taxable Rate means, with respect to a Taxable Period, the product of (i) the average interest rate on the Bonds during such period and (ii) 1.54.

  • Variable Rate Indebtedness means any portion of indebtedness or other payment obligations, the interest rate on which is not established at the time of incurrence and has not at some subsequent date been established at a single numerical rate for the entire term thereof.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Comparable Rates means rates payable by the Comparison Group for Comparable Services so as to be fair comparable rate with the Framework Prices;

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Applicable Margins means collectively the Applicable L/C Margin, the Applicable Unused Line Fee Margin, the Applicable Revolver Index Margin and the Applicable Revolver LIBOR Margin.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Hurdle Rate means the minimum annual rate of return over the Net Asset Value at launch, or the beginning of the relevant Performance Period, as applicable, that must be achieved before an Equalisation Performance Fee is applied (details of which are set out in the section headed “Unit Class Information” in the Supplement for the relevant Fund where applicable). This rate is accrued at each Valuation Point.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Rating means the rating assigned to each Class of the Series 2016-T1 Notes by the Note Rating Agency, upon the issuance of such Class as set forth below: