Adjusted Net Rate definition

Adjusted Net Rate. For any Distribution Date (and the related Accrual Period), the product of (i) 2 and (ii) the weighted average of the interest rates on each of the Corresponding REMIC 4 P&I Interests and the Class LT4-D Interest, computed for this purpose by subjecting the interest rate payable on the Class LT4-D Interest to a cap equal to a per annum rate of 0% and the rate payable on each of the Corresponding REMIC 4 P&I Interests to a cap that corresponds to the per annum rate payable for such Distribution Date on its Corresponding Class of Certificates.
Sample 1Sample 2Sample 3
Adjusted Net Rate. For any Distribution Date (and the related Accrual Period), the product of (i) 4 and (ii) the weighted average of the interest rates on each of the Corresponding REMIC 6 P&I Interests, the Class LT6-I Senior, the Class LT6-I PSA, the Class LT6-II Senior, the Class LT6-II PSA and the Class LT6-D Interest, computed for this purpose by subjecting the interest rate payable on the Class LT6-I Senior, the Class LT6-I PSA, the Class LT6-II Senior, the Class LT6-II PSA and the Class LT6-D Interest to a cap equal to a per annum rate of 0% and the rate payable on each of the Corresponding REMIC 6 P&I Interests to a cap that corresponds to the per annum rate payable for such Distribution Date on its Corresponding Class of Certificates.
Sample 1Sample 2
Adjusted Net Rate. For any Distribution Date (and the related Accrual Period), a per annum rate equal to the product of (i) two and (ii) the REMIC 3 Net WAC, computed for this purpose by subjecting the interest rate on the Class LT3-Q Interest to a cap equal to 0% and subjecting the interest rate on each of the other REMIC 3 Regular Interest (other than the LT3-CIO and LT3-SIO Interests) to a cap equal to the Pass-Through Rate for such Distribution Date on the Corresponding Class of Certificates.
Sample 1Sample 2

Examples of Adjusted Net Rate in a sentence

  • On each Distribution Date, to the extent that any such Certificates receive interest in excess of the applicable Adjusted Net Rate Cap, such interest will be treated as distributed to the Class CE Certificates in respect of interest on the Class CE Interest and then paid to the respective Class Certificates entitled to Net WAC Cap Carryover Amounts pursuant to the related Cap Agreement.

  • For federal income tax purposes, the interest rate on each REMIC Regular Interest (other than the UTS REMIC Components, the Uncertificated Class C Interest and the Class X Certificates) and on the sole class of Residual Interest shall be subject to a cap equal to the Adjusted Net Rate.

  • Net Rate Cap: The "Net Rate Cap" is generally equal to the following (subject to certain exceptions described in the Prospectus Supplement): --------------------------------------------------- Class --------------------------------------------------- AF and Fixed The weighted average Adjusted Net Rate Subordinate Mortgage Rate of the Group 1 Mortgage Loans (adjusted, in the case of Subordinate the Class AF-1 Certificates, to an effective rate reflecting the accrual of interest on an actual/360 basis).

  • For federal income tax purposes, the Pass-Through Rate on each REMIC Regular Interest (other than those represented by the Class S and Class X Certificates) and on the sole class of residual interest in the Upper Tier REMIC shall be subject to a cap equal to the Adjusted Net Rate.


More Definitions of Adjusted Net Rate

Adjusted Net Rate. For any Distribution Date (and the related Accrual Period), a per annum rate equal to the product of (i) two and (ii) the REMIC 2 Net WAC, computed for this purpose by subjecting the interest rate on the Class LT2-Q Interest to a cap equal to 0% and subjecting the interest rate on each of the other REMIC 2 Regular Interest to a cap equal to the Pass-Through Rate for such Distribution Date on the Corresponding Class of Certificates (each such Pass-Through Rate computed for this purpose by substituting “REMIC 2 Net WAC for the applicable Net WAC).
Sample 1Sample 2
Adjusted Net Rate. With respect to any Distribution Date, the per annum rate equal to 12 times the amount determined by dividing (i) the total scheduled interest on the Mortgage Loans based on the Net Mortgage Rates in effect on the related Due Date, minus Current Interest due on such Distribution Date to the Class X Certificates, by (ii) the aggregate Stated Principal Balance of the Mortgage Loans multiplying the result by 12 and dividing such amount by the actual number of days in the related Accrual Period.
Sample 1
Adjusted Net Rate. For any Distribution Date (and the related Accrual Period), the weighted average of the interest rates on the Class LT2-D, Class LT2-AF-1, Class LT2-AF-2, Class LT2-AF-3, Class LT2-AF-4, Class LT2-AF-5, Class LT2-AF-6, Class LT-AV-1, Class LT-AV-2, Cxxxx XX0-X-0, Xxxxx LT2-M-2 and Class LT2-B Interests computed for this purpose by limiting the interest rate payable on the Class LT2-D Interest at zero and the rate payable on each of the other above-listed Lower Tier Interests in REMIC 2 to a rate that corresponds to the rate payable for such Distribution Date on the corresponding class of Certificates.
Sample 1
Adjusted Net Rate. As of any Distribution Date, a per annum rate equal to the weighted average rate of the Middle Tier REMIC 1 Regular Interests (other than the Middle Tier REMIC 1 IO Interests) with such rate being multiplied by 30 and divided by the actual number of days in the related Accrual Period.
Sample 1

Related to Adjusted Net Rate

  • Adjusted Net Maximum Mortgage Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the applicable Maximum Mortgage Rate for such Mortgage Loan (or the Mortgage Rate in the case of any Fixed-Rate Mortgage Loan) as of the first day of the month preceding the month in which the related Distribution Date occurs minus the sum of (i) the Trustee Fee Rate and (ii) the Servicing Fee Rate.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Adjusted Net Mortgage Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Rate less the Expense Fee Rate.

  • Adjusted Net Worth of any Guarantor shall mean at any time, the greater of (x) $0 and (y) the amount by which the fair saleable value of such Guarantor’s assets on the date of the respective payment hereunder exceeds its debts and other liabilities (including contingent liabilities, but without giving effect to any of its obligations under this Agreement or any other Loan Documents) on such date.

  • Adjusted Net Income ’ means net income adjusted for non-cash expenses (income) such as amortization of intangible assets, deferred income taxes, and certain other expenses (income). The Company believes that Adjusted net income is useful supplemental information as it provides an indication of the results generated by the Company’s main business activities prior to taking into consideration amortization of intangible assets, deferred income taxes, and certain other non-cash expenses (income) incurred or recognized by the Company from time to time. ‘‘Adjusted net income margin’’ refers to the percentage that Adjusted net income for any period represents as a portion of total revenue for that period.

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

  • Adjusted Net Assets of such Guarantor at any date shall mean the lesser of (1) the amount by which the fair value of the property of such Guarantor exceeds the total amount of liabilities, including contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), but excluding liabilities under the Guarantee of such Guarantor at such date and (2) the amount by which the present fair salable value of the assets of such Guarantor at such date exceeds the amount that will be required to pay the probable liability of such Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), excluding debt in respect of the Guarantee of such Guarantor, as they become absolute and matured.

  • Adjusted Base Rate means the Base Rate plus the Applicable Percentage.

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Adjusted LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

  • Net Rate With respect to each Mortgage Loan, the Mortgage Interest Rate in effect from time to time less the Aggregate Expense Rate (expressed as a per annum rate).

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Adjusted Eurodollar Rate means for any Interest Period with respect to any Eurodollar Loan, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory Reserves.

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • Adjusted Net Book Value means, as of any date of determination, with respect to each Adjusted Program Vehicle as of such date, the product of 0.965 and the Net Book Value of such Adjusted Program Vehicle as of such date.

  • Adjusted EURIBO Rate means, with respect to any EURIBOR Borrowing for any Interest Period, an interest rate per annum equal to the sum of (a) the EURIBO Rate for such Interest Period and (b) the Mandatory Costs Rate.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • Calculation Rate For each Distribution Date, in the case of the Class A and Class B Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding Class A and Class B Interests, treating each Class A Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class.

  • Adjusted Net Operating Income means, with respect to a Property for any given period, Net Operating Income of such Property for such period minus Capital Reserves for such period.

  • Expense Rate As to each Mortgage Loan, the sum of the Master Servicing Fee Rate and the Trustee Fee Rate.

  • Adjusted LIBOR means, for any Borrowing of Eurodollar Loans, a rate per annum determined in accordance with the following formula: Adjusted LIBOR = LIBOR

  • Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.

  • 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.

  • Consolidated Adjusted Net Income means, for any period, the net income (or net loss) of the Company and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP, adjusted to the extent included in calculating such net income or loss by excluding:

  • Adjusted Prime Rate A rate per annum equal to the sum of (a) the Prime Rate Margin and (b) the greater of (i) the Prime Rate or (ii) one percent (1%) in excess of the Federal Funds Effective Rate. Any change in the Adjusted Prime Rate shall be effective immediately from and after such change in the Adjusted Prime Rate.