Original Accrual Rate definition

Original Accrual Rate. With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related Accounting Net Yield as of the Cut-off Date; and (ii) the related mortgage rate as of the Cut-off Date minus 0.35%.
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Original Accrual Rate means, with respect to any Reference Obligation, the mortgage rate as of the Cut-off Date or, in the case of a High LTV Refinance Reference Obligation, the origination date, less the greater of (i) the related servicing fee and (ii) 35 basis points.
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Original Accrual Rate means, with respect to any Reference Obligation, the mortgage rate as of the Cut-off Date, less the greater of (x) the related servicing fee and (y) 35 basis points.
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Examples of Original Accrual Rate in a sentence

  • The "Original Accrual Rate" with respect to any Reference Obligation is the mortgage rate as of the Cut-off Date, less the greater of (x) the related servicing fee and (y) 35 basis points.

  • Current Period Modification Loss Amount – means, as reported in the applicable Monthly Servicing Report, with respect to each payment date and any Covered Loan that has experienced a Modification: (a) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Covered Loan, minus(b) one-twelfth of the Current Accrual Rate multiplied by the interest bearing UPB of such Covered Loan.

  • Original Accrual Rate – with respect to any Covered Loan is the mortgage rate as of the origination date, less the greater of (x) the related Servicing Fee and (y) 35 basis points.

  • Modification Loss Amount Allocation of Modification Loss AmountsWith respect to each Payment Date and any Reference Obligation that has experienced a Modification Event, the excess, if any, of: (i) one-twelfth of the Original Accrual Rate multiplied by the unpaid principal balance of such Reference Obligation, over (ii) one-twelfth of the Current Accrual Rate multiplied by the interest bearing unpaid principal balance of such Reference Obligation.

  • Modification Loss Amount – with respect to each payment date and any Covered Loan that has experienced a Modification is: (a) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Covered Loan, minus (b) one-twelfth of the Current Accrual Rate multiplied by the interest bearing UPB of such Covered Loan.

  • Current Period Modification Loss Amount - means, as reported in the applicable Monthly Servicing Report, with respect to each payment date and any Covered Loan that has experienced a Modification: (a) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Covered Loan, minus(b) one-twelfth of the Current Accrual Rate multiplied by the interest bearing UPB of such Covered Loan.

  • Modification Loss Amount - with respect to each Payment Date and any Covered Loan that has experienced a Modification is:(a) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Covered Loan, minus(b) one-twelfth of the Current Accrual Rate multiplied by the interest bearing UPB of such Covered Loan.

  • Current Period Modification Loss Amount – means, as reported in the applicable Monthly Servicing Report, with respect to each payment date and any Covered Loan that has experienced a Modification: (a) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Covered Loan, minus (b) one-twelfth of the Current Accrual Rate multiplied by the interest bearing UPB of such Covered Loan.

  • Current Period Modification Loss Amount – means, as reported in the applicable Monthly Servicing Report, with respect to each payment date and any Covered Loan that has experienced a Modification: (a) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Covered Loan, minus(b) one-twelfth of the Current Accrual Rate multiplied by the interestbearing UPB of such Covered Loan.

  • Current Period Modification Loss Amount - means, as reported in the applicable Monthly Servicing Report, with respect to each payment date and any Covered Loan that has experienced a Modification: (a) one-twelfth of the Original Accrual Rate multiplied by the UPB of suchCovered Loan, minus(b) one-twelfth of the Current Accrual Rate multiplied by the interest bearing UPB of such Covered Loan.


More Definitions of Original Accrual Rate

Original Accrual Rate means, with respect to any Reference Obligation, the mortgage rate as of the Cut-off Date, less the greater of (i) the related servicing fee and (ii) 35 basis points.
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Original Accrual Rate means, with respect to each Premium Payment Date and any Reference Obligation, the lesser of (i) the related Accounting Net Yield as of the Cut-off Date or the Enhanced Relief Refinance Program Release Date, as applicable, and (ii) the related mortgage rate as of the Cut-off Date or the Enhanced Relief Refinance Program Release Date, as applicable, minus 0.35%.
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Original Accrual Rate means with respect to each Payment Date and any Reference Obligation, the lesser of (i) the related Accounting Net Yield as of the Cut-off Date; and (ii) the related mortgage rate as of the Cut-off Date minus 0.35%.
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Original Accrual Rate means, with respect to (a) any Reference Obligation with a fixed interest rate, the interest rate as of the Cut-off Date and (b) any Reference Obligation with an adjustable interest rate and each Payment Date, an interest rate calculated for such Payment Date using the interest rate benchmark and spread that was applicable to such Reference Obligation as of the Cut-off Date.
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Original Accrual Rate means, with respect to each Premium Payment Date (or with respect to the Loan Acquisition Period, for purposes of calculating the Loan Acquisition Period Loss Amount) and any Covered Obligation, the lesser of (i) the related Accounting Net Yield as of the Acquisition Date or the Enhanced Relief Refinance Program Release Date, as applicable; and (ii) the related mortgage rate as of the Acquisition Date or the Enhanced Relief Refinance Program Release Date, as applicable, minus 0.35%.
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Related to Original Accrual Rate

  • Current Accrual Rate means, with respect to each Payment Date and any Reference Obligation, the current mortgage rate, less the greater of (i) the related servicing fee rate and (ii) 35 basis points.

  • additional rate means the additional rate levied by the City of Cape Town on rateable properties within the designated boundaries of the Special Rating Area for purposes of raising funds for improving and upgrading that area, subject to any exemptions or permissible differentiation between categories of property, as contemplated in section 22(1) of the Rates Act, read with sections 8(1) and 12(2) of the By-Law;

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

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

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Basic Rate means the applicable basic minimum wage rate prevailing on the date 28 days prior to the latest date for submission of Tenders, by reason of any National or State Statute or Ordinance.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • Applicable Dividend Rate means (i) during the period from the Original Issue Date to, but excluding, the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 5% per annum and (ii) from and after the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 9% per annum.

  • Original RRA shall have the meaning given in the Recitals hereto.

  • Final rate means an indirect cost rate applicable to a specified past period which is based on the actual allowable costs of the period. A final audited rate is not subject to adjustment.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Interest Accrual Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), (a) the product of (i) 1/12th of the Class A Pass-Through Rate for such Class and (ii) the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (b) the Class A Interest Percentage of such Class of (i) any Non-Supported Interest Shortfall allocated to the Class A Certificates with respect to such Distribution Date, (ii) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class A Certificates with respect to such Distribution Date pursuant to Section 4.02(e) and (iii) the interest portion of any Realized Losses (other than Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) allocated to the Class A Certificates on or after the Cross-Over Date pursuant to Section 4.02(e). The Class A-PO Certificates have no Interest Accrual Amount. As to any Distribution Date and any Class of Class B Certificates, an amount equal to (i) the product of 1/12th of the Class B Pass-Through Rate and the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (ii) the Class B Interest Percentage of such Class of (x) any Non-Supported Interest Shortfall allocated to the Class B Certificates with respect to such Distribution Date and (y) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class B Certificates with respect to such Distribution Date pursuant to Section 4.02(e).