Net Loan Rate definition

Net Loan Rate. With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the then applicable Loan Rate for such Mortgage Loan minus the related Servicing Fee Rate and the Master Servicing Fee Rate.

Net Loan Rate. With respect to any Mortgage Loan as to any day, the Loan Rate less the Expense Fee Rate.

Net Loan Rate for any Mortgage Loan on any day is the Loan Rate less (i) the Servicing Fee Rate, (ii) the Premium Percentage defined in the Insurance Agreement, and (iii) commencing with the Payment Date in November 2005, 0.50% per annum. The "Note Rate" refers to either the Class 1-A Note Rate or Class 2-A Note Rate, as applicable.

Examples of Net Loan Rate in a sentence

• Subject to Section 3.07, in the event that Liquidation Proceeds, Insurance Proceeds and REO Proceeds in respect of a Cash Liquidation or REO Disposition exceed the unpaid Loan Balance of such Home Equity Loan plus unpaid interest accrued thereon (including REO Imputed Interest) at the related Net Loan Rate, the Master Servicer shall be entitled to retain therefrom and to pay to itself and/or the related Subservicer, any Foreclosure Profits.

• Time Event By 9:30 a.m. Auction Agent advises the Indenture Trustee and the Broker-Dealers of the Maximum Rate, the Net Loan Rate, the All Hold Rate, and the Applicable LIBOR Rate to be used in determining the Auction Rate under the Auction Procedures and the Auction Agent Agreement.

• The determination by or on behalf of the Corporation of the Net Loan Rate shall (in the absence of manifest error) be final and binding upon all parties.

• By 9:30 a.m. The Auction Agent advises the Trustee and the Broker-Dealers of the Maximum Auction Rate, the All Hold Rate, the Net Loan Rate and One-Month LIBOR or Three-Month LIBOR, as the case may be, to be used in determining the Auction Rate under the Auction Procedures, the First Supplemental Indenture and this Auction Agent Agreement.

• If the Corporation shall fail or refuse to determine the Net Loan Rate, the Net Loan Rate shall be the Net Loan Rate last determined and communicated to the Auction Agent and the Trustee in accordance with this paragraph.

More Definitions of Net Loan Rate

Net Loan Rate. As to any Home Equity Loan, the Loan Rate less the Servicing Fee Rate.

Net Loan Rate. With respect to any Home Loan and any date of determination, a per annum rate of interest equal to the then applicable Loan Rate for such Home Loan minus the Servicing Fee Rate.

Net Loan Rate. With respect to any Payment Date and any Mortgage Loan, the Loan Rate of that Mortgage Loan applicable to the Due Date in the related Collection Period, net of the Servicing Fee Rate.

Net Loan Rate. With respect to each Home Loan, the related Home Loan Interest Rate, less the rate at which the Servicing Fee is calculated.

Net Loan Rate. With respect to any Mortgage Loan on any day, the Loan Rate less (i) the Master Servicing Fee Rate, (ii) the per annum rate at which the Premium Amount is calculated, (iii) the Indenture Trustee Fee Rate, and (iv) [___]% per annum.

Net Loan Rate. With respect to any Home Equity Loan and any day, the related Loan Rate less: (1) 0.58% per annum and (2) the Group I Credit Enhancer Premium Rate or the Group II Credit Enhancer Premium Rate, as applicable.

Net Loan Rate. With respect to any Payment Date and any Mortgage Loan, the Loan Rate of that Mortgage Loan applicable to the Due Date in the related Collection Period, net of the Servicing Fee Rate and, beginning on the thirteenth Payment Date and thereafter, 0.50% (50 basis points), adjusted to an effective rate reflecting the methods by which interest is calculated on the related Classes of Notes during such Interest Period.