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.

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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

• As an example, the interest rate to be paid on that amount in ▇▇▇▇.▇▇▇▇ 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.

• Any one or more physical or electronic documents or records (signed or unsigned) made in the ordinary course of identifying Mortgage Loans as being in a Pool that conclusively identify the Mortgage Loans within a Pool and the relevant Pass-Through Rate or Net Interest Rate will be deemed to be an Issue Supplement for purposes of documenting the establishment of a Trust.

• 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.

• For any Discount Participation Interest, the Net Interest Rate is zero.

• The “net interest rate paid by the Program 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 service provider under the Program (if such fees were not already deducted directly from the amounts we receive from Program Banks).

• 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.

• In the case of REO Property, the Net Interest Rate will be determined on the basis of the contractual terms of the related Mortgage Loan as if that Mortgage Loan had remained outstanding.

• 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.

• When the Net Interest Rate is 2%, the interest rate paid on this cash held in Sweep would be 0.15% (15 basis points, calculated as 2% times 7.62%).

• When the Net Interest Rate is 1%, the interest rate paid on this cash held in Sweep would be 0.03% (3 basis points, calculated as 1% times 7.62% times 4/9 (the square of 2/3 of 1% times 100)).

More Definitions of Net Interest Rate

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