REMIC Swap Rate definition
REMIC Swap Rate. For each Distribution Date (and the related Accrual Period), a per annum rate equal to the product of: (i) the “Rate of Payment (%)” under the Swap Agreement for such Distribution Date, as set forth in Annex D to the Prospectus Supplement, (ii) 2, and (iii) the quotient of (a) the actual number of days in the related Accrual Period divided by (b) 30.
REMIC Swap Rate. For each Distribution Date (and the related Accrual Period), a per annum rate equal to the Fixed Rate under the Swap Agreement for such Distribution Date, as set forth in the Prospectus Supplement.
REMIC Swap Rate. For each Distribution Date (and the related Interest Accrual Period), a per annum rate equal to the product of: (i) 5.20% and (ii) 2.
More Definitions of REMIC Swap Rate
REMIC Swap Rate. For each Distribution Date (and the related Accrual Period) a per annum rate equal to 10.4%.
REMIC Swap Rate. For any Distribution Date, a per annum rate equal to the product of (i) the quotient of (a) the actual number of days in the related Accrual Period divided by (b) 30, multiplied by (ii) two, multiplied by (iii) for the Distribution Date listed in column 1 below, the rate shown opposite such Distribution Date in column 2 below. November 2005 4.039 December 2005 4.135 January 2006 4.220 February 2006 4.248 March 2006 4.298 April 2006 4.328 May 2006 4.353 June 2006 4.374 July 2006 4.384 August 2006 4.394 September 2006 4.405 October 2006 4.414 November 2006 4.422 December 2006 4.449 January 2007 4.466 February 2007 4.427 March 2007 4.432 April 2007 4.438 May 2007 4.444 June 2007 4.449 July 2007 4.452 August 2007 4.455 September 2007 4.454 October 2007 4.452 November 2007 4.456 December 2007 4.460 January 2008 4.464 February 2008 4.468 March 2008 4.472 April 2008 4.476 May 2008 4.480 June 2008 4.484 July 2008 4.488 August 2008 4.492 September 2008 4.495 October 2008 4.499 November 2008 4.503 December 2008 4.507 January 2009 4.512 February 2009 4.517 March 2009 4.523 April 2009 4.529 May 2009 4.536 June 2009 4.543 July 2009 4.551 August 2009 4.559 September 2009 4.567 October 2009 4.575 November 2009 4.583 December 2009 4.590 January 2010 4.597 February 2010 4.604 March 2010 4.611 April 2010 4.618 May 2010 4.625 June 2010 4.632 July 2010 4.639 August 2010 4.646 September 2010 4.653 October 2010 and thereafter 0.000 REO Property: A Mortgaged Property acquired by the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan or otherwise treated as having been acquired pursuant to the REMIC Provisions.
REMIC Swap Rate. For each Distribution Date (and the related Interest Accrual Period), a per annum rate equal to the Fixed Rate used to compute the obligation of the Supplemental Interest Trust under the Swap Agreement for such Distribution Date.
REMIC Swap Rate. For each Swap Payment Date (and the related Accrual Period), a per annum rate equal to the product of: (i) the percentage used to calculate the Fixed Swap Payment for such date and (ii) 2. REO Property: A Mortgaged Property acquired by the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan or otherwise treated as having been acquired pursuant to the REMIC Provisions.
REMIC Swap Rate the product of (i) the sum of (a) the Pass-Through Rate for the Class A-1-1 Certificates immediately prior to such Distribution Date, and (b) 0.06% per annum for any Distribution Date on or prior to the first optional termination date, and 0.12% for any Distribution Date thereafter, and (ii) 2.
REMIC Swap Rate. A per annum rate equal to the product of: (i)(a) for the first 24 Distribution Dates (and the related Accrual Periods), 4.00%, for the 25th through and inclusive of the 36th Distribution Dates (and the related Accrual Periods), 8.00%, (c) for the 37th through and inclusive of the 60th Distribution Dates (and the related Accrual Periods), 8.50%, and (c) for each Distribution Date (and the related Accrual Period thereafter, 0.00%; multiplied by the quotient of (a) the actual number of days in the related Accrual Period divided by (b) 30.
REMIC Swap Rate. A per annum rate of 10.70%.