Loan Rate Cap for each Mortgage Loan means the lesser of (i) the Lifetime Rate Cap or (ii) the applicable state usury ceiling.
Loan Rate Cap. With respect to each Mortgage Loan, the lesser of (i) the Lifetime Rate Cap, if any, or (ii) the applicable state usury ceiling, if any.
Loan Rate Cap. With respect to each Mortgage Loan, the lesser of (i) the Lifetime Rate Cap, if any, or (ii) the applicable state usury ceiling, if any. Losses: Any and all out-of-pocket losses, claims, damages, liabilities or expenses (including reasonable attorneys' fees and disbursements) directly incurred by any Person specified in the Purchase Agreement, resulting from transactions entered into under the Purchase Agreement (other than liability for taxes). Losses must be accounted for and presented for reimbursement documented in reasonable detail and within a reasonable time.
Examples of Loan Rate Cap in a sentence
Over the term of each HELOC Mortgage Loan, the Loan Rate may not exceed the related Loan Rate Cap, if any.
Over the term of each Mortgage Loan, the Loan Rate may not exceed the related Loan Rate Cap, if any.
Over the term of each Mortgage Loan, the Loan Rate may not exceed the related Loan Rate Cap.
The Loan Rate Cap for the Initial Mortgage Loans ranges between the percentages specified in the Adoption Annex and the weighted average Loan Rate Cap is approximately the percentage specified in the Adoption Annex.
Weighted average of the Loan Rate Cap at end of related Due Period C.
More Definitions of Loan Rate Cap
Loan Rate Cap. With respect to each Mortgage Loan, the lesser of (i) the Lifetime Rate Cap, if any, or (ii) the applicable state usury ceiling, if any. LOSSES: Any and all out-of-pocket losses, claims, damages, liabilities or expenses (including reasonable attorneys' fees and disbursements) directly incurred by any Person specified in the Purchase Agreement, resulting from transactions entered into under the Purchase Agreement (other than liability for taxes). Losses must be accounted for and presented for reimbursement documented in reasonable detail and within a reasonable time.
Loan Rate Cap. With respect to any Mortgage Loan, the lesseu of (i) the maximum Loan Rate permittev by the related Mortgage Note over txe life of the Mortgage Loan, and (ii) thy applicable state usury ceiling. Lozk Feature: An option available to a Martgagor under a Mortgage Loan that bermits the Mortgagor to convert xxxxxx the entire outstanding balancd due or any portion thereof to a fixee rate closed-end loan.
Loan Rate Cap for each Mortgage Loan means the lesser of (i) the Lifetime Rate Cap or (ii) the applicable state usury ceiling. "LOAN-TO-VALUE RATIO" for any date of determination for any mortgage loan means a fraction whose numerator is the outstanding principal balance of the mortgage loan as of the date of determination and whose denominator is the Valuation of the related Mortgaged Property.
Loan Rate Cap. With respect to each HELOC Loan, the lesser of (i) the Lifetime Rate Cap, if any, or (ii) the applicable state usury ceiling, if any.
Loan Rate Cap. With respect to each HELOC, the lesser of (i) the Lifetime ------------- Rate Cap, if any, or (ii) the applicable state usury ceiling, if any. Managed Amortization Period: The period from the termination of the --------------------------- Funding Period to the Rapid Amortization Commencement Date.