Expense Adjusted 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 then applicable Maximum Mortgage Rate (or Mortgage Rate, in the case of any fixed-rate Mortgage Loan) for such Mortgage Loan minus the sum of the (i) the Servicing Fee Rate and (ii) the Credit Risk Manager Fee Rate.
Expense Adjusted 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 close of business on the first day of the calendar month preceding the month in which the Distribution Date occurs minus the sum of (i) the Trustee Fee Rate and (ii) the Servicing Fee Rate, if applicable.
Expense Adjusted Maximum Mortgage Rate. With respect to any Mortgage Loan, the Maximum Mortgage Rate thereon minus the sum of (i) the Minimum Spread, (ii) the Trustee's Fee Rate and (iii) the Servicing Fee Rate.
Examples of Expense Adjusted Maximum Mortgage Rate in a sentence
Expense Adjusted Maximum Mortgage Rate...............................
More Definitions of Expense Adjusted Maximum Mortgage Rate
Expense Adjusted Maximum Mortgage Rate. With respect to any Adjustable-Rate Mortgage Loan, the then applicable Maximum Mortgage Rate thereon minus the Expense Fee Rate. With respect to any Fixed-Rate Mortgage Loan, the Expense Adjusted Mortgage Rate thereon.
Expense Adjusted 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 (in the case any Adjustable-Rate Mortgage Loan) or Mortgage Rate (in the case of any Fixed Rate Mortgage Loan) thereon as of the first day of the month preceding the month in which the Distribution Date occurs minus the sum of (i) the Trustee Fee Rate, (ii) the Servicing Fee Rate and (iii) the PMI Insurer Fee Rate, if applicable.
Expense Adjusted Maximum Mortgage Rate. With respect to any Mortgage Loan or REO Property, the Maximum Mortgage Rate thereon minus the sum of (i) the Administration Fee Rate, (ii) the Servicing Fee Rate and (iii) if a PMI Insured Mortgage Loan, the PMI Policy Premium.
Expense Adjusted Maximum Mortgage Rate. With respect to any Mortgage Loan and any Distribution Date, an amount equal to the excess of (x) in the case of the Fixed Rate Mortgage Loans, the Mortgage Rate, and in the case of the Adjustable Rate Mortgage Loans, the Maximum Mortgage Rate thereof, over (y) the sum of (i) the Aggregate Expense Rate for such Mortgage Loan and (ii) the Minimum Spread.
Expense Adjusted Maximum Mortgage Rate. With respect to any Mortgage Loan, an amount equal to the Maximum Mortgage Rate thereon minus the Expense Fee Rate.
Expense Adjusted 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 then applicable Maximum Mortgage Rate (or Mortgage Rate, in the case of any fixed-rate Mortgage Loan) for such Mortgage Loan minus the sum of the (i) the Servicing Fee Rate and (ii) the Credit Risk Manager Fee Rate. "Expense Adjusted 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 then applicable Mortgage Rate for such Mortgage Loan minus the sum of the (i) the Servicing Fee Rate and (ii) the Credit Risk Manager Fee Rate.
Expense Adjusted Maximum Mortgage Rate. With respect to any Mortgage Loan, a per annum rate equal to the then applicable Maximum Mortgage Rate on the Mortgage Loan minus the sum of (i) the applicable Servicing Fee Rate and (ii) the Administration Fee Rate.