MAXIMUM NOTE INTEREST RATE. With respect to any Payment Date, the per annum rate equal to the fraction, expressed as a percentage, the numerator of which is (i) an amount equal to (A) 1/12 of the aggregate Principal Balance of the then outstanding Mortgage Loans times the weighted average of the Expense Adjusted Maximum Mortgage Rates on the then outstanding Mortgage Loans minus (B) the Administrative Fee for such Payment Date, and the denominator of which is (ii) an amount equal to (A) the aggregate Note Principal Balance of the Notes multiplied by (B) the actual number of days elapsed in the related Interest Period divided by 360.
MAXIMUM NOTE INTEREST RATE. With respect to any payment date and each class of the Class III-A Notes and Class M Notes, and with respect to the Class IV-A Notes and Class V-A Notes and any Payment Date after the related Note Rate Change Date, 11.00% per annum.
MAXIMUM NOTE INTEREST RATE. [ ]% per annum. MERS: Mortgage Electronic Registration Systems, Inc., a Delaware corporation, or any successor in interest thereto.
More Definitions of MAXIMUM NOTE INTEREST RATE
MAXIMUM NOTE INTEREST RATE. With respect to each of the Class I-A, Class II-A, Class III-A, Class IV-A and Class M Notes, 11.00% per annum.
MAXIMUM NOTE INTEREST RATE. [ ]% per annum.
MAXIMUM NOTE INTEREST RATE. As of any date of determination, the average of the Home Loan Interest Rates (weighted by Principal Balance) of each Home Loan in the Home Loan Pool minus the sum of (i) the then-applicable Minimum Spread Percent, (ii) the Guaranty Insurance Premium Percentage, and (iii) the Servicing Fee Percentage.
MAXIMUM NOTE INTEREST RATE. With respect to any Payment Date and the Class B-1 Notes or the Class B-2 Notes, the Net Weighted Average, if with respect to such Payment Date the Net Weighted Average Rate is less than 9.50% per annum.
MAXIMUM NOTE INTEREST RATE. With respect to the Notes and any Payment Date, a fixed rate equal to 13.75% per annum.
MAXIMUM NOTE INTEREST RATE has the meaning set forth in the Indenture.
MAXIMUM NOTE INTEREST RATE means, for each Interest Period 7.00%.