Examples of Insurer Premium Rate in a sentence
In addition, on each Payment Date the Indenture Trustee shall forward to the Underwriter and Bloomberg the electromagnetic tape or disk containing certain Mortgage Loan information required to be delivered to the Indenture Trustee by the Servicer pursuant to Section 3.01 of the Servicing Agreement; PROVIDED, HOWEVER, that the Indenture Trustee shall not forward any such tape or disk that separately sets forth the Note Insurer Premium or the Note Insurer Premium Rate.
For purposes of the Indenture, the term "Bond Insurer Premium Rate" shall be based upon the "Premium Percentage" set forth in paragraph 1(a) of the Commitment.
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.
In addition, on each Payment Date the Indenture Trustee shall forward to the Underwriters and Bloomberg the electromagnetic tape or disk containing certain Mortgage Loan information required to be delivered to the Indenture Trustee by the Servicer pursuant to Section 3.01 of the Servicing Agreement; provided, however, that the Indenture Trustee shall not forward any such tape or disk that separately sets forth the Bond Insurer Premium or the Bond Insurer Premium Rate.
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.