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.
Calculation Rate. A discount rate appropriate for the type of cash flows being discounted, namely (i) for principal and interest payments on a Mortgage Loan or proceeds from the sale of a Defaulted Mortgage Loan, the highest of (1) the rate determined by the Master Servicer or the Special Servicer, as applicable, that approximates the market rate that would be obtainable by the Mortgagors on similar debt of the Mortgagors as of such date of determination, (2) the Mortgage Rate and (3) the yield on 10-year U.S. treasuries and (ii) for all other cash flows, including property cash flow, the “discount rate” set forth in the most recent Appraisal (or update of such Appraisal).
Calculation Rate shall equal the product of (i) 10 and (ii) the weighted average interest rate of the outstanding L1 and L2 Interests, treating each L1 Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such class. Principal Reallocation Payments shall be made from principal received on the Mortgage Loans from a Mortgage Pool and shall also consist of a proportionate allocation of Realized Losses from the Mortgage Loans of a Mortgage Pool. For purposes of making Principal Reallocation Payments, to the extent that the principal received during the applicable collection period from the related Mortgage Pool and related Realized Losses are insufficient to make the necessary reduction of principal, then interest shall accrue on the LZZZ Interest (and be added to its principal balance) of the related Mortgage Pool to allow the necessary Principal Reallocation Payment to be made. The Calculation Rate is designed to always equal the Pass-Through Rate of each Class of Subordinated Certificates. If a Cross-over Situation exists, the aggregate principal balances of the outstanding L1 and L2 Interests of all of the Mortgage Pools shall not be reduced below one percent of the aggregate Pool Principal Balance of all of the Mortgage Pools for the following Distribution Date in excess of the Senior Certificates as of the related Distribution Date (after taking into account distributions of principal and allocations of Realized Losses on such Distribution Date). To the extent this limitation prevents the distribution of principal to the L1 and L2 Interests of a Mortgage Pool and the related LZZZ Interest has already been reduced to zero, such excess principal from such Mortgage Pool shall be paid proportionately to the LZZZ Interests of the Mortgage Pool or Pools whose aggregate L1 and L2 Interests are less than one percent of the Group Subordinate Amount. Any such shortfall as a result of the Mortgage Pool receiving the extra payment having a Weighted Average Adjusted Net Mortgage Rate lower than the Weighted Average Adjusted Net Mortgage Rate of the Mortgage Pool from which the payment was reallocated shall be treated as a Realized Loss and if excess arises as result of the Mortgage Pool receiving the extra payment having a Weighted Average Adjusted Net Mortgage Rate higher than the Mortgage Pool from which the payment was reallocated it shall reimburse the Upper REMIC for prior Realized Losses. If on any Distribution Date, the L1 Interest or...
Examples of Calculation Rate in a sentence
Item No. Description of work Unit of Calculation Rate of payment Estimated cost (Rs.) (b) Removing items of steel from any place inside or outside buildings, loading into road vehicles, unloading at railway sidings, stacking as required for check, and removing and loading into railway wagons (Transporting charges are not included in the rate and shall be paid under item 10 below).
Title Job Code Salary Plan/Grade Pay Range Office Assistant II 13865 LIU/124 $13.8977 - $21.2498 Employment Service Tech Current Rate $19.7523 57728 SEU/154 $14.9181 - $23.4680 Promotion Calculation Rate: $19.7523 x 1.055% = $20.8387 With this scenario, the new promotional rate of $20.8387 falls between Step 13 and Step 14 within the new SEIU salary plan/grade (SEU/154).
Item No. Description of work Unit of Calculation Rate of payment Estimated cost (Rs.) (e) Removing items of steel from any place inside or outside buildings, loading into road vehicles, unloading at required site inside or outside the building and stacking neatly as directed.
The compounding and crediting frequency of dividends and the dividend period applicable to each account are stated in the Truth-in-savings Dividend & Fee Calculation Rate Schedule.
More Definitions of Calculation Rate
Calculation Rate. A discount rate appropriate for the type of cash flows being discounted, namely (i) for principal and interest payments on a Mortgage Loan or Serviced Loan Combination or proceeds from the sale of a Defaulted Mortgage Loan or Defaulted Serviced Loan Combination, the highest of (1) the rate determined by the Master Servicer or the Special Servicer, as applicable, that approximates the market rate that would be obtainable by the Mortgagors on similar debt of the Mortgagors as of such date of determination, (2) the Mortgage Rate and (3) the yield on 10-year U.S. treasuries and (ii) for all other cash flows, including property cash flow, the “discount rate” set forth in the most recent Appraisal (or update of such Appraisal).
Calculation Rate means a discount rate appropriate for the type of cash flows being discounted, namely: (A) for principal and interest payments on a Mortgage Loan, B Note or Serviced Companion Loan or from the sale of a Defaulted Mortgage Loan, the higher of (1) the rate determined by the Master Servicer or Special Servicer, as applicable, that approximates the market rate that would be obtainable by the related Mortgagor on similar non-defaulted debt of the related Mortgagor as of such date of determination, and (2) the related Mortgage Rate based on its Unpaid Principal Balance; and (B) for all other cash flows, including property cash flow, the “discount rate” set forth in the most recent Appraisal (or update of such Appraisal) of the related Mortgaged Property.
Calculation Rate. For each Distribution Date, the product of (i) 10 and (ii) the weighted average pass-through rate of the outstanding Class A and Class B Interests, treating each of the Class A Interests as having an Interest Rate of 0.00%. Cap Counterparty: Not applicable.
Calculation Rate. For each Distribution Date, in the case of the R-2-A and R-2-B Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding R-2-A and R-2-B Interests, treating each R-2-A Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class. For each Distribution Date, in the case of the R-2-C and R-2-D Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding R-2-C and R-2-D Interests, treating each R-2-C Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class.
Calculation Rate. For the Combined Certificates and 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.
Calculation Rate. For each Distribution Date, (a) in the case of the Class A and Class B Lower Tier REMIC 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 A Interest, and (b) in the case of the Class C and Class D Lower Tier REMIC Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding Class C and Class D Interests, treating each Class C Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class C Interest.
Calculation Rate. For each Distribution Date, the product of (i) 10 and (ii) the weighted average rate of the outstanding R-2-A and R-2-B Interests, treating each R-2-A Interest as having an interest rate of 0.00% per annum.