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 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 C-1 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 10.4%.
More Definitions of REMIC Swap Rate
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. For each Distribution Date (and the related Accrual Period), a per annum rate equal to the rate used to compute the monthly gross amount due to the Swap Counterparty under the Swap Agreement for such Distribution Date (such rate, as described in the Prospectus, being One-Year MTA plus the Swap Fee Rate (as defined in the Prospectus)).
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. August 2005 3.603 September 2005 3.771 October 2005 3.884 November 2005 3.992 December 2005 4.022 January 2006 4.031 February 2006 4.068 March 2006 4.093 April 2006 4.118 May 2006 4.144 June 2006 4.157 July 2006 4.177 August 2006 4.197 September 2006 4.218 October 2006 4.240 November 2006 4.260 December 2006 4.325 January 2007 4.279 February 2007 4.285 March 2007 4.275 April 2007 4.281 May 2007 4.289 June 2007 4.314 July 2007 4.319 August 2007 4.323 September 2007 4.327 October 2007 4.333 November 2007 4.339 December 2007 4.345 January 2008 4.351 February 2008 4.357 March 2008 4.363 April 2008 4.369 May 2008 4.375 June 2008 4.380 July 2008 4.385 August 2008 4.391 September 2008 4.397 October 2008 4.403 November 2008 4.410 December 2008 4.418 January 2009 4.426 February 2009 4.435 March 2009 4.444 April 2009 4.454 May 2009 4.464 June 2009 4.475 July 2009 4.487 August 2009 4.497 September 2009 4.507 October 2009 4.516 November 2009 4.524 December 2009 4.531 January 2010 4.538 February 2010 4.544 March 2010 4.548 April 2010 4.553 May 2010 4.556 June 2010 4.559 July 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 Swap Payment Date (and the related Accrual Period), a per annum rate equal to the product of: (i) 5.115% and (ii) 2.
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 second through the 24th Distribution Dates (and the related Accrual Periods), 5.50%, 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.