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.
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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.
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Examples of Net Interest Rate in a sentence

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

  • 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.


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.
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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)
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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:
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Net Interest Rate. As the Net Interest Rate exceeds the sum of
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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.
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Related to Net Interest Rate

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen

  • Settlement Interest Rate means, for the first calendar quarter or portion thereof during which interest accrues, the rate determined by the Receiver to be equal to the equivalent coupon issue yield on twenty-six (26)-week United States Treasury Bills in effect as of Bank Closing as published in The Wall Street Journal; provided, that if no such equivalent coupon issue yield is available as of Bank Closing, the equivalent coupon issue yield for such Treasury Bills most recently published in The Wall Street Journal prior to Bank Closing shall be used. Thereafter, the rate shall be adjusted to the rate determined by the Receiver to be equal to the equivalent coupon issue yield on such Treasury Bills in effect as of the first day of each succeeding calendar quarter during which interest accrues as published in The Wall Street Journal.

  • Then-Current Interest Rate means the most recently published Xxxxxxx Mac survey rate for 30-year fixed-rate loans.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.