Spread Rate definition

Spread Rate has the meaning given to it in the Insurance Agreement.

Spread Rate. The annualized rate equal to either (a) as to any Fixed-Rate Mortgage Loan, the Mortgage Interest Rate minus the Net Rate, or (b) as to any Adjustable-Rate Mortgage Loan, the rate specified as such in the related Issue Supplement.

Spread Rate means a percentage equal to Benchmark Rate LevelB minus Benchmark Rate LevelC;

Examples of Spread Rate in a sentence

• The applicable Final Terms will specify in respect of each Floating Rate Spread Rate the relevant terms for determining such Floating Rate Spread Rate, and may specify in respect of such Floating Rate Spread Rate, a Floating Rate Spread Rate Margin, a Floating Rate Spread Rate Multiplier, a Maximum Floating Rate Spread Rate or a Minimum Floating Rate Spread Rate.

• Where Floating Rate Spread is specified in the applicable Final Terms as the manner in which the Interest Rate is to be determined, the Interest Rate for each Interest Accrual Period or Interest Period will be calculated in accordance with the following formula: Floating Rate Spread Rate 1 minus Floating Rate Spread Rate 2.

• If both a Floating Rate Spread Rate Margin and a Floating Rate Spread Rate Multiplier are specified to apply to a Floating Rate Spread Rate, the Floating Rate Spread Rate Multiplier will be applied first.

• Floating Rate Spread Rate 1 and Floating Rate Spread Rate 2 will each be determined in accordance with the provisions of this Condition 4(c) and, in each case, Screen Rate Determination, ISDA Determination or CMS Rate will apply if specified in the applicable Final Terms, provided that, for such purposes, each reference to “Interest Rate” within Conditions 4(c)(i), 4(c)(ii) and 4(c)(iii) will be deemed to be a reference to “Floating Rate Spread Rate 1” or “Floating Rate Spread Rate 2”, as the case may be.

• If any Maximum Floating Rate Spread Rate or Minimum Floating Rate Spread Rate is such relevant Floating Rate Spread Rate shall be subject to such maximum or minimum, as the case may be.

More Definitions of Spread Rate

Spread Rate means 10 years US$-ISDA-Swap Rate minus 2 years US$-ISDA-Swap Rate

Spread Rate. The Spread Rate for each Class of Certificates is as set forth below: Class Spread Rate ----- ----------- Class A-CS1.....................................3.000% Class PS-1......................................2.000% Class A-1A......................................0.500% Class A-1B......................................0.640% Class A-1C......................................0.720% Class A-1D......................................0.800%

Spread Rate. With respect to each Mortgage Loan, a per annum rate equal to the excess of (a) the Net Mortgage Rate of such Mortgage Loan over (b) 8.00% (but not less than 0.00%) per annum.

Spread Rate has the meaning given to it in the Adoption Annex.

Spread Rate. The Spread Rate (per annum) for the following Classes of Certificates is as set forth below: CLASS SPREAD RATE ----- ----------- A1 ___% A2 ___% A3 ___% B ___% C ___% D ___% E ___% F ___%

Spread Rate means with respect to any Payment Date and any Class of Insured Notes, the related Excess Spread Percentage minus the related Loss Percentage.

Spread Rate. With respect to a Mortgage Loan (other than a Discount Participation Interest), the annualized rate equal to the Mortgage Interest Rate minus the Net Interest Rate. For a Discount Participation Interest, the Spread Rate will be zero.