Net Interest Rate definition

Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.

Net Interest Rate means, with respect to any Note, the related Interest Rate, less the applicable Primary Servicing Fee Rate.

Net Interest Rate. As to any Payment Date, the annualized percentage derived from the fraction (which shall not be greater than 1), the numerator of which is the positive difference, if any, between (x) the amount of all interest due on the Home Loans during the related Due Period and (y) the Interest Reduction Amount and the denominator of which is the aggregate principal amount of the Notes immediately prior to such Payment Date.

Examples of Net Interest Rate in a sentence

• Net Interest Rate - means interest at the contract rate stated in the Covered Loan (or as otherwise subject to Modification in accordance with the Servicing Guide, as provided in Article III.(c) (Representations and Warranties of the Insured)), less the greater of (i) thirty- five hundredths of one percent (0.35%) or (ii) the actual Servicing Fee for the Covered Loan.

• We reserve the right to calculate and update the Net Interest Rate (and the resulting rates payable under the Program) more or less frequently without further notice.

• You can email us at our customer service email address as shown on our websites to obtain the then current Net Interest Rate and the frequency of calculation.

• Generally, the Net Interest Rate is determined during a month, using the weighted average blended rate as of the end of the preceding month, and is then made applicable for the next succeeding month.

• The Owner’s Net Interest Rate is available at https://www.wexinc.com/wex-custodian-services/.

• Net Interest Rate - means interest at the contract rate stated in the Covered Loan (or as otherwise subject to Modification in accordance with the Servicing Guide, as provided in Article III.(c) (Representations and Warranties of the Insured)), less the greater of (i) thirty-five hundredths of one percent (0.35%) or (ii) the actual Servicing Fee for the Covered Loan.

• As an example, the interest rate to be paid on that amount in XXXX.XXXX would be 0.20% (20 basis points) when the Net Interest Rate equals 1% and .90% (90 basis points) when the Net Interest Rate equals 2%, using the Formula.

• By influencing the level of the interest rates and the shape of the interest rate curve, the ECB impacts in an important way the Net Interest Rate Margin (“NIM”) of commercial banks, like Belfius Bank.

• How To Request a Net Interest Rate of ZeroYou can request a net interest rate of zero by writing on top of Form 843 “Request for Net Interest Rate of Zero under Rev.

• The “net interest rate paid by the Banks” -- the Net Interest Rate -- is the weighted average blended rate paid by the Program Banks to us on cash held at the Program Banks, after also deducting the fees paid to any intermediary bank or other unaffiliated service provider under the Program (if such fees were not already deducted directly from the amounts we receive from Program Banks).

More Definitions of Net Interest Rate

Net Interest Rate means, with respect to Note X-0, Xxxx X-0 and Note B, the Note A-1 Interest Rate, Note A-2 Interest Rate and the Note B Interest Rate, respectively, minus the Servicing Fee Rate.

Net Interest Rate. The expected net interest rate for a block of business is determined by subtracting from the gross rate charges for investment expenses and risks. Charges for investment expenses cover the cost of investment expenses (including transaction costs) per the Services Agreement described in Numbered Paragraph 3 of this agreement. Charges for risk should take into consideration the default and option risks (as agreed upon) relating to the portfolio assets underlying the block of business. An example is shown in the following Table 2:

Net Interest Rate. As the Net Interest Rate exceeds the sum of

Net Interest Rate. With respect to a Mortgage Loan (other than a Discount Participation Interest), (a) for a Fixed-Rate Mortgage Loan on any date, the Pass-Through Rate of the related Trust; (b) for an Adjustable-Rate Mortgage Loan on the initial date of determination, the rate specified as such in the related Issue Supplement; and (c)

Net Interest Rate means, with respect to Note A and Note B, the Note A Net Interest Rate and the Note B Net Interest Rate, respectively.