Examples of Certificate Insurer Premium Rate in a sentence
No such modification shall reduce the Mortgage Rate on a Mortgage Loan below one-half of the Mortgage Rate as in effect on the Cut-off Date, but not less than the sum of the rates at which the Servicing Fee, the Subservicing Fee and the Certificate Insurer Premium Rate accrue.
Certificate Insurer Premium Modified Rate: With respect to any date of determination, the Certificate Insurer Premium Rate times a fraction equal to (x) the aggregate Certificate Principal Balance of the Class A-1 Certificates as of such date over (y) the aggregate Stated Principal Balance of the Mortgage Loans as of such date.
No such modification shall reduce the Mortgage Rate on a Mortgage Loan below one-half of the Mortgage Rate as in effect on the Cut-off Date, but not less than the sum of the rates at which the Servicing Fee and the Subservicing Fee and the Certificate Insurer Premium Rate accrue.
Expense Fee Rate: The sum of (i) the Trustee Fee Rate (0.0125%), (ii) the Certificate Insurer Premium Rate (0.21%), (iii) the Servicing Fee Rate (0.50%), and (iv) the per annum rate of the PMI Premiums (0.82%on the loans with PMI).
Certificate Insurer Premium: The premium payable to the Insurer on each Distribution Date in an amount equal to one-twelfth of the product of the Certificate Insurer Premium Rate and the aggregate Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date.