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.
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;
ANNUAL RATE ADJUST: MONTHLY P&I : 537.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/14 CURRENT INT RATE: 7.50000 PRODUCT CODE : 250 LTV : 71.60400 ---------------------------------------------------------------------------- 0 0007805435 MORTGAGORS: WARNOCK BRENT WARNOCK XXXXXX XXXXXX XODE ADDRESS : 154-158 WEST 0000 XXXXX 00 CITY : BOUNTIFUL STATE/ZIP : UT 84010 MORTGAGE AMOUNT : 97,500.00 OPTION TO CONVERT : UNPAID BALANCE : 97,205.54 ANNUAL RATE ADJUST: MONTHLY P&I : 903.84 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/14 CURRENT INT RATE: 7.50000 PRODUCT CODE : 250 LTV : 65.00000 ---------------------------------------------------------------------------- 0 0007805443 MORTGAGORS: YAMAMICHI KIMITO YAMAMICHI FUSAKO REGION CODE ADDRESS : 55221 RIVIERX 00 XXXX : LA QUINTA STATE/ZIP : CA 92253 MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT : UNXXXX XXXXNCE : 219,931.62 ANNUAL RATE ADJUST: MONTHLY P&I : 2,026.56 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/14 CURRENT INT RATE: 7.25000 PRODUCT CODE : 250 LTV : 55.50000 ---------------------------------------------------------------------------- 0 0007805450 MORTGAGORS: CHO JOSEPH CHO XXXX XXXXXX XXXE ADDRESS : 14174 SW WINDSXXX XXXXX 00 CITY : TIGARD XXXXX/XXX : OR 97223 MORTGAGE AMOUNT : 168,000.00 OPTION TO CONVERT : UNPAID BALANCE : 166,484.89 ANNUAL RATE ADJUST: MONTHLY P&I : 1,569.34 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/14 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 673,200.00 P & I AMT: 6,167.44 UPB AMT: 667,728.51 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 04/01/99 P.O. BOX 5260 TMS AG0004991015 00 01 XXGE: 19 CHERRY HILL, N.J. 08034 (800) 257-7818
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 applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place:
Maximum Legal Rate means the maximum nonusurious interest rate, if any, that at any time or from time to time may be contracted for, taken, reserved, charged or received on the indebtedness evidenced by the Note and as provided for herein or the other Loan Documents, under the laws of such state or states whose laws are held by any court of competent jurisdiction to govern the interest rate provisions of the Loan.
Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.
Average daily attendance or "ADA" means actual average daily
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
Applicable Reference Rate means with respect to any Loan made in any currency, the rate indicated on Annex II under the heading “Applicable Reference Rate” for such currency.
Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.
Reset Reference Rate means in respect of a Reset Period, the gross redemption yield (as calculated by the Agent Bank on the basis set out by the United Kingdom Debt Management Office in the paper “Formulae for Calculating Gilt Prices from Yields”, page 5, Section One: Price/Yield Formulae “Conventional Gilts”; Double dated and Undated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date (published 8 June 1998, as amended or updated from time to time) or if such basis is no longer in customary market usage at such time, in accordance with generally accepted market practice at such time, on a semi-annual compounding basis (rounded up (if necessary) to four decimal places) of the Benchmark Gilt in respect of that Reset Period, with the price of the Benchmark Gilt for the purpose of determining the gross redemption yield being the arithmetic average (rounded up (if necessary) to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards)) of the bid and offered prices of such Benchmark Gilt quoted by the Reset Reference Banks at 11.00 a.m. (London time) on the Reset Determination Date in respect of such Reset Period on a dealing basis for settlement on the next following dealing day in London. Such quotations shall be obtained by or on behalf of the Issuer and provided to the Agent Bank. If at least four quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two or three quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided. If only one quotation is provided, the Reset Reference Rate will be determined by reference to the rounded quotation provided. If no quotations are provided, the Reset Reference Rate will be the previous Reset Reference Rate or (in the case of the first Reset Period) 1.581 per cent., where: