DA Dividend Rate definition

DA Dividend Rate. The percentage rate set forth in the following table taking into account the DA Anniversary Date and the Rate Type of the DAD Mortgage Loan: Rate Type DA Anniversary Date 2/28 LIBOR 3/27 LIBOR Fixed Rate 1 .25% .25% .25% 2 .25% .25% .25% 3 1.00% .25% .25% 4 .25% 1.00% .50% DA Forfeiture Event: Any of the following events associated with a DAD Mortgage Loan: (i) prepayment of the DAD Mortgage Loan in full prior to any of its DA Anniversary Dates; (ii) any acceleration of payments due under the DAD Mortgage Loan instituted by the Servicer or the Trustee, which acceleration remains in effect on a DA Anniversary Date; (iii) the occurrence of a payment default under the DAD Mortgage Loan, which default is continuing on a DA Anniversary Date; or (iv) the failure of the Mortgagor to make a scheduled Monthly Payment in full on a DAD Mortgage Loan by the 17th day of the month in which a DA Anniversary Date of the DAD Mortgage Loan occurs.
Sample 1Sample 2Sample 3
DA Dividend Rate. With respect to a Direct Access Mortgage Loan, the percentage specified on the DA Dividend Rate Schedule at Exhibit O, taking into account the applicable rate type and the DA Anniversary Year of the Direct Access Mortgage Loan as indicated in column "AE" (Rate Type) and column Y (First Pay Date) on the Mortgage Loan Schedule.
Sample 1Sample 2Sample 3
DA Dividend Rate. The percentage rate set forth in the following table taking into account the DA Anniversary Date and the Rate Type of the DAD Mortgage Loan: Rate Type DA Anniversary Date 2/28 LIBOR 3/27 LIBOR Fixed Rate 1 0.25% 0.25% 0.25% 2 0.25% 0.25% 0.25% 3 1.00% 0.25% 0.25% 4 0.25% 1.00% 0.50% DA Forfeiture Event: Any of the following events associated with a DAD Mortgage Loan: (i) prepayment of the DAD Mortgage Loan in full prior to any of its DA Anniversary Dates; (ii) any acceleration of payments due under the DAD Mortgage Loan instituted by the Servicer or the Trustee, which acceleration remains in effect on a DA Anniversary Date; (iii) the occurrence of a payment default under the DAD Mortgage Loan, which default is continuing on a DA Anniversary Date; or (iv) the failure of the Mortgagor to make a scheduled Monthly Payment in full on a DAD Mortgage Loan by the 17th day of the month in which a DA Anniversary Date of the DAD Mortgage Loan occurs.
Sample 1Sample 2

Examples of DA Dividend Rate in a sentence

  • REMIC 1 shall hold as its assets the property of the Trust Fund other than the Lower Tier Interests in REMIC 1 and REMIC 2, the Basis Risk Reserve Fund, the right to receive Prepayment Premiums, the Pre-Funding Account, the Capitalized Interest Account, the Cap Agreement and a portion of the interest payments on Direct Access Mortgage Loans at the DA Dividend Rate.

  • REMIC 1 shall hold as its assets the property of the Trust Fund other than the Lower Tier Interests in REMIC 1 and REMIC 2, the Basis Risk Reserve Fund, the right to receive Prepayment Premiums, the Basis Risk Cap, the Class X Cap and a portion of the interest payments on Direct Access Mortgage Loans at the DA Dividend Rate.

  • REMIC 1 shall hold as its assets the property of the Trust Fund other than the Lower Tier Interests in REMIC 1 and REMIC 2, the Basis Risk Reserve Fund, the right to receive Prepayment Premiums, and portion of the interest payments on Direct Access Mortgage Loans at the DA Dividend Rate.


More Definitions of DA Dividend Rate

DA Dividend Rate. Not applicable.
Sample 1Sample 2
DA Dividend Rate. The percentage rate set forth in the following table taking into account the DA Anniversary Date and the Rate Type of the DAD Mortgage Loan: RATE TYPE ------------ DA Anniversary Date 2/28 LIBOR --------------------- ------------
Sample 1
DA Dividend Rate. The percentage rate set forth in the following table taking into account the DA Anniversary Date and the rate type of the DAD Mortgage Loan: Rate Type DA Anniversary Date 2/28 LIBOR 3/27 LIBOR Fixed Rate 1 0.25% 0.25% 0.25% 2 0.25% 0.25% 0.25% 3 1.00% 0.25% 0.25% 4 0.25% 1.00% 0.50%
Sample 1
DA Dividend Rate. The percentage rate set forth in the following table taking into account the DA Anniversary Date and the Rate Type of the DAD Mortgage Loan: Rate Type ---------------------------------------------------------------------------------------------------------------------- DA Anniversary Date 2/28 LIBOR 3/27 LIBOR Fixed Rate ------------------- ---------- ---------- ---------- 1 .25% .25% .25% ---------------------------------------------------------------------------------------------------------------------- 2 .25% .25% .25% ---------------------------------------------------------------------------------------------------------------------- 3 1.00% .25% .25% ---------------------------------------------------------------------------------------------------------------------- 4 .25% 1.00% .50% ---------------------------------------------------------------------------------------------------------------------- DA Forfeiture Event: Any of the following events associated with a DAD Mortgage Loan: (i) prepayment of the DAD Serviced Mortgage Loan in full prior to any of its DA Anniversary Dates; (ii) any acceleration of payments due under the DAD Mortgage Loan instituted by the Servicer or the Trustee, which acceleration remains in effect on a DA Anniversary Date; (iii) the occurrence of a payment default under the DAD Mortgage Loan, which default is continuing on a DA Anniversary Date; or (iv) the failure of the Mortgagor to make a scheduled Monthly Payment in full on a DAD Mortgage Loan by the 17th day of the month in which a DA Anniversary Date of the DAD Mortgage Loan occurs.
Sample 1

Related to DA Dividend Rate

  • Dividend Rate has the meaning set forth in the Statement.

  • Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.

  • Applicable Dividend Rate means (i) during the period from the Original Issue Date to, but excluding, the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 5% per annum and (ii) from and after the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 9% per annum.

  • Annual Fixed Dividend Rate means, for any Subsequent Fixed Rate Period, the annual rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 2.16%.

  • Floating Quarterly Dividend Rate means, for any Quarterly Floating Rate Period, the rate of interest (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the T-Bill Rate on the applicable Floating Rate Calculation Date plus 1.60% (calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365).

  • Ex-Dividend Date means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market.

  • 7-Day Dividend Period means a Dividend Period consisting of seven days.

  • Quarterly Dividend Period means the quarterly period commencing on and including a Dividend Payment Date and ending on and including the day immediately preceding the next subsequent Dividend Payment Date.

  • Special Dividend Period means a Dividend Period consisting of (i) a specified number of days (other than seven), evenly divisible by seven and not fewer than seven nor more than 364 or (ii) a specified period of one whole year or more but not greater than five years (in each case subject to adjustment as provided in paragraph 2(b)(i)).

  • Regular Dividend means USD0.55 per Share per quarter. Upon any adjustment to the Initial Dividend Threshold (as defined in the Indenture) for the Convertible Notes pursuant to the Indenture, the Calculation Agent will make a corresponding adjustment to the Regular Dividend for the Transaction.

  • Dividend Period means the Initial Dividend Period, any 7-Day Dividend Period and any Special Dividend Period.

  • Initial Dividend Period means the dividend period commencing on the Issue Date and ending on the first Dividend Payment Date to occur thereafter.

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Accumulated Dividends means, with respect to any share of Preferred Stock, as of any date, the aggregate accumulated and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Preferred Stock prior to the first Dividend Payment Date.

  • Preferred Dividends means, for any period and without duplication, all Restricted Payments paid during such period on Preferred Equity Interests issued by the Parent or a Subsidiary. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily Redeemable Stock) payable to holders of such class of Equity Interests, (b) paid or payable to the Parent or a Subsidiary, or (c) constituting or resulting in the redemption of Preferred Equity Interests, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

  • Dividend Date means, in respect of a Preference Share, a date specified in the Issue Resolution on which a Dividend in respect of that Preference Share is payable.

  • Ex-Dividend Time means, with respect to any issuance or distribution on shares of Common Stock, the first date on which the shares of Common Stock trade regular way on the principal securities market on which the shares of Common Stock are then traded without the right to receive such issuance or distribution.

  • Long Term Dividend Period means a Special Dividend Period consisting of a specified period of one whole year or more but not greater than five years.

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the five (5) consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the five (5) consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Dividend Record Date has the meaning set forth in Section 3(a).

  • Initial Dividend Payment Date means the Initial Dividend Payment Date as determined by the Board of Directors of the Corporation with respect to the AMPS or Other AMPS, as the case may be.