Loan REMIC Remittance Rate means: (a) with respect to any Loan REMIC Regular Interest that, as of the Closing Date, corresponds to a Trust Mortgage Loan that accrues interest on a 30/360 Basis, a rate per annum that is, for any Interest Accrual Period, equal to (i) the Mortgage Rate in effect for such corresponding Trust Mortgage Loan as of the Closing Date (without regard to any modifications, extensions, waivers or amendments of such corresponding Trust Mortgage Loan subsequent to the Closing Date), minus (ii) the sum of (A) the Master Servicing Fee Rate for such corresponding Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), plus (B) the Trustee Fee Rate, plus (C) if such corresponding Trust Mortgage Loan is an Outside Serviced Trust Mortgage Loan, the related Outside Servicing Fee Rate; and (b) with respect to any Loan REMIC Regular Interest that, as of the Closing Date, corresponds to a Trust Mortgage Loan that accrues interest on an Actual/360 Basis, a rate per annum that is, for any Interest Accrual Period, equal to (i) a fraction (expressed as a percentage), the numerator of which is the product of 12 times the Adjusted Actual/360 Accrued Interest Amount with respect to such Loan REMIC Regular Interest for such Interest Accrual Period, and the denominator of which is the Uncertificated Principal Balance of such Loan REMIC Regular Interest immediately prior to the Distribution Date that corresponds to such Interest Accrual Period, minus (ii) the sum of (A) the Master Servicing Fee Rate for the corresponding Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), plus (B) the Trustee Fee Rate.
Loan REMIC Remittance Rate. With respect to each Loan REMIC Regular Interest, for any Distribution Date, the Net Mortgage Pass-Through Rate with respect to the related Early Defeasance Trust Mortgage Loan or any successor REO Trust Mortgage Loan with respect thereto for such Distribution Date.
Loan REMIC Remittance Rate means the per annum rate at which interest accrues in respect of a Loan REMIC Regular Interest, as set forth in or otherwise calculated in accordance with the related Loan REMIC Declaration.
Examples of Loan REMIC Remittance Rate in a sentence
Each Loan REMIC Regular Interest, if any, shall: (i) bear a numeric designation that is the same as the loan number for the related Early Defeasance Trust Mortgage Loan set forth on the Trust Mortgage Loan Schedule; (ii) accrue interest at the related per annum rate described in the definition of "Loan REMIC Remittance Rate"; and (iii) have an initial Uncertificated Principal Balance equal to the Cut-off Date Balance of the related Early Defeasance Trust Mortgage Loan.
Each Loan REMIC Regular Interest will: (i) accrue interest at the related per annum rate described in the definition of "Loan REMIC Remittance Rate"; and (ii) have an initial Uncertificated Principal Balance equal to the Cut-off Date Balance of the related Early Defeasance Trust Mortgage Loan.
Each Loan REMIC Regular Interest will: (i) accrue interest at the related per annum rate described in the definition of "Loan REMIC Remittance Rate"; and (ii) have an initial Uncertificated Principal Balance equal to the Cut-off Date Balance of the related Loan REMIC Mortgage Loan.
ECTS creditsThe exam does not yield any ECTS credits and does not appear on the final diploma.
Each Loan REMIC Regular Interest, if any, shall: (i) bear a numeric designation that is the same as the loan number for the related Early Defeasance Mortgage Loan set forth on the Mortgage Loan Schedule; (ii) accrue interest at the related per annum rate described in the definition of "Loan REMIC Remittance Rate"; and (iii) have an initial Uncertificated Principal Balance equal to the Cut-off Date Balance of the related Early Defeasance Mortgage Loan.
More Definitions of Loan REMIC Remittance Rate
Loan REMIC Remittance Rate means: (a) with respect to any Loan REMIC Regular Interest that, as of the Closing Date, corresponds to a Trust Mortgage Loan that accrues interest on a 30/360 Basis, a rate per annum that is, for any Interest Accrual Period, equal to (i) the Mortgage Rate in effect for such corresponding Trust Mortgage Loan as of the Closing Date (without regard to any modifications, extensions, waivers or amendments of such corresponding Trust Mortgage Loan subsequent to the Closing Date), minus (ii) the sum of (A) the Master Servicing Fee Rate for such
Loan REMIC Remittance Rate means, with respect to any Loan REMIC Regular Interest, a rate per annum that is, for any Interest Accrual Period, equal to (i) the Mortgage Rate in effect for the corresponding Mortgage Loan as of the Closing Date (without regard to any modifications, extensions, waivers or amendments of such corresponding Mortgage Loan subsequent to the Closing Date), minus (ii) the sum of (A) the Master Servicing Fee Rate for such corresponding Mortgage Loan (or any successor REO Mortgage Loan with respect thereto), plus (B) the Trustee Fee Rate.
Loan REMIC Remittance Rate means ____% per annum in the case of each of the Loan REMIC Mortgage Loans identified on Schedule IV hereto as being secured by _______________ and _______________, respectively.
Loan REMIC Remittance Rate. With respect to Loan REMIC Regular Interest WFC-I, the Net Mortgage Pass-Through Rate for such Distribution Date with respect to the portion of the One World Financial Center Trust Mortgage Loan or any successor REO Trust Mortgage Loan with respect thereto that relates to Loan REMIC Regular Interest WFC-I; with respect to Loan REMIC Regular Interest WFC-II, the Net Mortgage Pass-Through Rate for such Distribution Date with respect to the portion of the One World Financial Center Trust Mortgage Loan or any successor REO Trust Mortgage Loan with respect thereto that relates to Loan REMIC Regular Interest WFC-II; and with respect to each other Loan REMIC Regular Interest, for any Distribution Date, the Net Mortgage Pass-Through Rate with respect to the related Early Defeasance Trust Mortgage Loan or any successor REO Trust Mortgage Loan with respect thereto for such Distribution Date.
Loan REMIC Remittance Rate means: (a) with respect to any Loan REMIC Regular Interest that, as of the Closing Date, corresponds to a Loan REMIC Mortgage Loan that accrues interest on a 30/360 Basis, a rate per annum that is, for any Interest Accrual Period, equal to the Net Mortgage Rate in effect for such Mortgage Loan (or any successor REO Loan) as of the commencement of such Interest Accrual Period (without regard to any modifications, extensions, waivers or amendments of such Mortgage Loan subsequent to the Closing Date); and (c) with respect to any Loan REMIC Regular Interest that, as of the Closing Date, corresponds to a Mortgage Loan that accrues interest on an Actual/360 Basis, a rate per annum that is, for any Interest Accrual Period, equal to (i) a fraction (expressed as a percentage), the numerator of which is the product of 12 times the Adjusted Actual/360 Accrued Interest Amount with respect to such Mortgage Loan (or any successor REO Loan) for such Interest Accrual Period, and the denominator of which is the Stated Principal Balance of such Mortgage Loan (or any successor REO Loan) immediately prior to the Distribution Date that corresponds to such Interest Accrual Period, minus (ii) the Administrative Cost Rate for such Mortgage Loan (or any successor REO Loan).
Loan REMIC Remittance Rate means, with respect to any Loan REMIC Regular Interest, a rate per annum that is, for any Interest Accrual Period, equal to (i) a fraction (expressed as a percentage), the numerator of which is the product of 12 times the Adjusted Actual/360 Accrued Interest Amount with respect to such Loan REMIC Regular Interest for such Interest Accrual Period, and the denominator of which is the Uncertificated Principal Balance of such Loan REMIC Regular Interest immediately prior to the Distribution Date that corresponds to such Interest Accrual Period, minus (ii) 0.00157%.
Loan REMIC Remittance Rate means the per annum rate at which interest accrues in respect of the Loan REMIC Regular Interest during any Interest Accrual Period, as set forth in or otherwise calculated in accordance with SECTION 2.10(f).