Constant Prepayment Rate definition

Constant Prepayment Rate means a model of measuring prepayments on the Reference Obligations that assumes that the outstanding principal balance of the Reference Pool prepays at a specified constant annual rate.
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Constant Prepayment Rate. As defined in Section 1.01 under "Prepayment Assumption."
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Examples of Constant Prepayment Rate in a sentence

  • In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 1.76495% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate applicable to the first Accrual Period.

  • In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 0.43500% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate as of the Closing Date.

  • In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 0.64889% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate as of the Closing Date.

  • In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 1.04467% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate as of the Closing Date.

  • In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 2.27669% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate applicable to the first Accrual Period.

  • In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 0.97722% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate as of the Closing Date.

  • In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 0.49265% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate as of the Closing Date.

  • In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 1.58750% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate applicable to the first Accrual Period.

  • In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 1.23278% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate as of the Closing Date.

  • In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 0.99411% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate as of the Closing Date.

Related to Constant Prepayment Rate

  • Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.