Insurance Premium Rate definition

Insurance Premium Rate. The insurance premium rate specified in the Mortgage Loan Schedule applicable to any Old Republic Covered Mortgage Loan or United Guaranty Covered Mortgage Loan.
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Insurance Premium Rate means the percentage set forth in the Insurance ---------------------- Agreement. Insurance Proceeds shall mean any amounts received upon settlement of a ------------------ claim filed under an Insurance Policy (including proceeds of title insurance), net of direct fees, costs (exclusive of overhead) and disbursements incurred in connection with the collection thereof or the restoration or replacement of such Borrower's collateral as contemplated by the Loan Documents. Insured Payment shall have the meaning provided in the Credit Enhancement --------------- Policy.
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Insurance Premium Rate. For either Class of Insured Certificates and any Distribution Date (a) the Insurance Premium for such Distribution Date, multiplied by (b) a fraction the numerator of which equals the Certificate Principal Balance of such Class immediately prior to the Distribution Date and the denominator of which equals the aggregate Certificate Principal Balance of the Insured Certificates immediately prior to such Distribution Date, divided by (c) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group as of the Due Date in the prior calendar month, multiplied by (d) 12.
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Examples of Insurance Premium Rate in a sentence

  • No such modification shall reduce the Mortgage Rate on a Mortgage Loan below the greater of (A) one-half of the Mortgage Rate as in effect on the Cut-off Date and (B) one-half of the Mortgage Rate as in effect on the date of such modification, but not less than the sum of the Servicing Fee Rate, the related Mortgage Insurance Premium Rate, if any, and the per annum rate at which the Subservicing Fee accrues.

  • No such modification shall reduce the Mortgage Rate on a Mortgage Loan below the greater of (A) one-half of the Mortgage Rate as in effect on the Cut-off Date and (B) one-half of the Mortgage Rate as in effect on the date of such modification, but not less than the sum of the rates at which the Servicing Fee, the Subservicing Fee and the Mortgage Insurance Premium Rate accrue.

  • The Insurance Premium Rate for Subcontractor Default Insurance shall be 1.25% of the subcontract value of any enrolled Subcontractor.

  • The Insurance Premium Rate for General Liability and Umbrella insurance coverage shall be 0.85% of the Contract Sum.

  • In the case of the Class UTA-1 Interest and the Residual Interest, a per annum rate equal to the excess of (i) the weighted average of the interest rate of the Class LTII1B Interest for such Distribution Date over (ii) the Class A Certificate Guaranty Insurance Premium Rate.

  • In the case of the Class UTA-2A and Class UTA-2B Interests, a per annum rate equal to the excess of (i) the weighted average of the interest rate of the Class LTII2B Interest for such Distribution Date over (ii) the Class A Certificate Guaranty Insurance Premium Rate.

  • No such modification shall reduce the Mortgage Rate on a Mortgage Loan below the greater of (A) one-half of the Mortgage Rate as in effect on the Cut-off Date and (B) one-half of the Mortgage Rate as in effect on the date of such modification, but not less than the sum of the Servicing Fee Rate, the related Mortgage Insurance Premium Rate, if any, the applicable Certificate Insurer Premium Modified Rate and the per annum rate at which the Subservicing Fee accrues.


More Definitions of Insurance Premium Rate

Insurance Premium Rate means the base rate as established herein plus such
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Insurance Premium Rate shall have the meaning set forth in the Premium Letter Agreement.
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