Swap Fee Rate definition

Swap Fee Rate. The spread over 1-year MTA as set forth in the Swap Agreement and used to (i) determine floating amounts due under the terms of the Swap Agreement by the Trustee, on behalf of the Supplemental Interest Trust, and (ii) determine floating amounts due under the terms of the Swap Agreement by the Swap Counterparty to the Trustee, on behalf of the Supplemental Interest Trust.
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Swap Fee Rate. As defined in the Swap Agreement.
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Swap Fee Rate. With respect to any Distribution Date, a per annum rate equal to the lesser of (1) the sum of (A) One-Month LIBOR plus 0.14%, for any Distribution Date on or prior to the first possible Optional Termination Date, or One-Month LIBOR plus 0.28% for any Distribution Date after the first possible Optional Termination Date and (B) a per annum rate equal to 0.07% for any Distribution Date on or prior to the first possible Optional Termination Date, or 0.14% for any Distribution Date after the first possible Optional Termination Date; and (2) the Net WAC Pass-Through Rate for the related Interest Accrual Period.
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Examples of Swap Fee Rate in a sentence

  • Party B Floating Amounts Party B Floating Amounts: In respect of each Payment Date, the product of: (a) the Swap Fee Rate; (b) the Notional Amount; and (c) the Floating Rate Day Count Fraction.

  • For any Distribution Date, an amount equal to the aggregate Deferred Adjusted Net Class A-1 Swap Amount from prior Distribution Dates plus interest accrued during the related Accrual Period on such Deferred Adjusted Net Class A-1 Swap Amount at the Swap Fee Rate.

  • For any Distribution Date, an amount equal to the aggregate Deferred Adjusted Net Class I-A-1B Swap Amount from prior Distribution Dates plus interest accrued during the related Accrual Period on such Deferred Adjusted Net Class I-A-1B Swap Amount at the Class I-A-1B Swap Fee Rate.

  • Swap Fee Rate: 0.05 per cent per annum in respect of each Calculation Period falling in the period from, and including, the Effective Date to, but excluding, the Optional Termination Date, and 0.10 per cent.

  • For any Distribution Date on and after June 2007 and on or prior to the Distribution Date in July 2047, an amount equal to the product of (x) the Swap Fee Rate, (y) a notional amount equal to the Certificate Principal Balance of the Class A-1 Certificates immediately prior to that Distribution Date and (z) a fraction, the numerator of which is the actual number of days in the related Interest Accrual Period and the denominator of which is 360.

  • For any Distribution Date, an amount equal to the aggregate Deferred Adjusted Net Class A-1A Swap Amount from prior Distribution Dates plus interest accrued during the related Accrual Period on such Deferred Adjusted Net Class A-1A Swap Amount at the Swap Fee Rate.

  • Swap Fee Rate: 0.06 per cent per annum in respect of each Calculation Period falling in the period from, and including, the Effective Date to, but excluding, the Optional Termination Date, and 0.12 per cent per annum in respect of each Calculation Period (if any) falling in the period from, and including, the Optional Termination Date to, but excluding, the Termination Date.

  • For any Distribution Date on and after July 2007 and on or prior to the Distribution Date in August 2047, an amount equal to the product of (x) the Class I-A-1B Swap Fee Rate, (y) a notional amount equal to the Certificate Principal Balance of the Class I-A-1B Certificates immediately prior to that Distribution Date and (z) a fraction, the numerator of which is the actual number of days in the related Interest Accrual Period and the denominator of which is 360.

  • For any Distribution Date on and after July 2007 and on or prior to the Distribution Date in August 2047, an amount equal to the product of (x) the Class A-2A Swap Fee Rate, (y) a notional amount equal to the Certificate Principal Balance of the Class A-2A Certificates immediately prior to that Distribution Date and (z) a fraction, the numerator of which is the actual number of days in the related Interest Accrual Period and the denominator of which is 360.

  • Party B Floating Amounts: In respect of each Payment Date, the product of: (a) the Notional Amount; (b) the Swap Fee Rate; and (c) the Floating Rate Day Count Fraction.


More Definitions of Swap Fee Rate

Swap Fee Rate. The per annum rate set forth in the Swap Agreement as the Party B Spread.
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Swap Fee Rate. The per annum rate set forth in the Swap Agreement as the “Swap Fee Rate.”
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Swap Fee Rate. The swap fee rate set forth in the Interest Rate Swap Agreement, which rate shall not exceed 0.06% per annum.
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Swap Fee Rate. With respect to any Distribution Date, a per annum rate equal to the lesser of (1) the sum of (A) One-Month LIBOR plus 0.20%, for any Distribution Date on or prior to the first possible Optional Termination Date, or One-Month LIBOR plus 0.40% for any Distribution Date after the first possible Optional Termination Date and (B) a per annum rate equal to 0.07% for any Distribution Date on or prior to the first possible Optional Termination Date, or 0.14% for any Distribution Date after the first possible Optional Termination Date; and (2) the related Swap Net WAC Pass-Through Rate for the Class A-1A Certificates for the related Interest Accrual Period.
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Related to Swap Fee Rate

  • L/C Fee Rate means the Applicable Margin with respect to LIBOR Rate Loans.

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • Undrawn Fee Rate has the meaning set forth in the Fee Letter.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Unused Fee Rate means 0.50% per annum.

  • Program Fee Rate is defined in the Fee Letter.

  • Workout Fee Rate With respect to each Corrected Mortgage Loan, 1.00%.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Expense Fee Rate As to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate and the Trustee Fee Rate.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Applicable Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the unused portion of the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Administrative Fee Rate The sum of the Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Licensing Fee Rate.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Trustee Fee Rate 0.0025% per annum.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Servicing Fee Rate With respect to each Mortgage Loan, 0.50% per annum.

  • Custodian Fee Rate As to any Distribution Date, the applicable Custodian Fee for such Distribution Date, converted to a per annum rate on (i) the aggregate Stated Principal Balance of the Mortgage Loans as of the first day of the related Interest Accrual Period and (ii) with respect to the Determination Date in May 2006 only, the portion of the Closing Date Deposit Amount allocable to principal (calculated on an actual/360 basis), but in no event shall the Custodian Fee Rate be less than 0.0035%.

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Letter of Credit Fee Rate means, with respect to a Letter of Credit, the annual percentage per annum indicated below the reference to “Letters of Credit” in the definition of “Applicable Margin” relevant to the period in respect of which determination is being made, as adjusted pursuant to the definition of “Applicable Margin”.

  • Net Servicing Fee Rate means (a) so long as the Seller or The Bank of New York is the Servicer, 1.25% per annum and (b) if the Seller or The Bank of New York is no longer the Servicer, 2.0% per annum.

  • Insurance Fee Rate With respect to each Mortgage Loan insured by an Insurance Policy paid for by the lender, the per annum rate specified in the Mortgage Loan Schedule.

  • Administration Fee Rate The sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate and (iii) the Credit Risk Management Fee Rate.

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Subservicing Fee Rate The per annum rate designated on the Mortgage Loan Schedule as the "SUBSERV FEE".

  • Liquidation Fee Rate With respect to each Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable, 1.0%.