Net Note Rate definition

Net Note Rate means, with respect to each Note, the applicable Note Rate minus the Servicing Fee Rate.
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Net Note Rate means with respect to any Note, the Initial Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.
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Net Note Rate. With respect to any Herald Center Trust Subordinate Companion Loan Note, as of any date of determination, the Note Rate in effect for such Herald Center Trust Subordinate Companion Loan Note, minus the Administrative Cost Rate for the Herald Center Trust Subordinate Companion Loan.
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Examples of Net Note Rate in a sentence

  • For the purposes of Section 9.01, the Investor Rate for each Mortgage Loan will be applicable Net Note Rate therefor.

  • A fraction, expressed as a percentage, (a) for each Discount Mortgage Loan, the numerator of which is ____% minus the Net Note Rate and the denominator of which is ____% and (b) for each Premium Mortgage Loan, 0.0%.

  • Each Mortgage Loan having a Net Note Rate of ____% per annum or greater.


More Definitions of Net Note Rate

Net Note Rate. For a Mortgage Loan, the related Mortgage Note Rate less the Servicing Fee.
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Net Note Rate. As defined in Article XII.
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Net Note Rate. For a Mortgage Loan, the related Mortgage Note Rate less the Servicing Fee. Non-PO Percentage. For any Mortgage Loan, the difference between (a) 100% and (b) the applicable PO Percentage.
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Related to Net Note Rate

  • Note Rate means, in the case of the Class A-1 Notes, the Class A-1 Rate; in the case of the Class A-2a Notes, the Class A-2a Rate; in the case of the Class A-2b Notes, the Class A-2b Rate; in the case of the Class A-3 Notes, the Class A-3 Rate; in the case of the Class A-4 Notes, the Class A-4 Rate; in the case of the Class B Notes, the Class B Rate; in the case of the Class C Notes, the Class C Rate; and in the case of the Class D Notes, the Class D Rate.

  • Net Note B Rate means the Note B Rate minus the Servicing Fee Rate.

  • Class A Note Rate means 3.35% per annum.

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Class C Note Rate means 3.48% per annum.

  • Note B Rate means the Note B Rate set forth on the Mortgage Loan Schedule.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2a Interest Rate means [●]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • Class A-1 Interest Rate means 0.26000% per annum, computed on the basis of the actual number of days in the related Interest Accrual Period and a year of 360 days.

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Revolving Interest Rate means an interest rate per annum equal to (a) the Alternate Base Rate with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus two and one-half of one percent (2.50%) with respect to Eurodollar Rate Loans.

  • Class C Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].