Underwriting Rate. The applicable rate of interest that Xxxxxxx Mac used when underwriting a Reference Obligation with a variable or floating rate of interest. U.S. Bank: U.S. Bank National Association.
Underwriting Rate means 6.9861% for the Mortgaged Property known as Fairways Apartments, 6.9861% for the Mortgaged Property known as Post House North Apartments, 6.9861% for the Mortgaged Property known as Reflection Pointe Apartments, 6.258% for each of the Four Additional Mortgaged Properties, 6.22% for the Mortgaged Property known as Westbury Creek Apartment, 6.1746% for the Mortgaged Property known as Windridge Apartments, 6.13772% for the Mortgaged Property known as The Park at Hermitage, 6.29552% for the Mortgaged Property known as Xxxxxx Station Apartments and 6.26444% for the Mortgaged Property known as Stassney Xxxxx Apartments.
Underwriting Rate means 6.69% per annum.
Examples of Underwriting Rate in a sentence
When a wraparound mortgage is being insured, the Underwriting Rate shall be the rate applicable to refinance, recast or substitution loans as to the amount of the then existing indebtedness being wrapped around.
As to the additional money secured, the Underwriting Rate schedule in the applicable bracket or brackets shall apply.
When title insurance is to be issued to a mortgagee at the time the mortgage is created, the face amount of the mortgage shall determine the Underwriting Rate.
When title insurance is to be issued after the mortgage has been created and all advances have been made by the mortgagee, the Underwriting Rate shall be determined by the unpaid principal amount of the mortgage at the time the insurance is issued.
The Standard Underwriting Rate for either owner's insurance, leasehold insurance, or mortgage insurance, shall be calculated according to the following rate schedule: Policy Liability Rate per $1,000 or Fraction Thereof $0-$100,000 ....................................................................................
More Definitions of Underwriting Rate
Underwriting Rate means [ ]% per annum.
Underwriting Rate means 6.9861% for the Mortgaged Property known as Fairways Apartments, 6.9861% for the Mortgaged Property known as Post House North Apartments, 6.9861% for the Mortgaged Property known as Reflection Pointe Apartments and 6.258% for each of the Four Additional Mortgaged Properties.”
Underwriting Rate means (i) with respect to the portion of ----------------- the Revolving Facility Credit Commitment that is equal to or less than $75,000,000, 10.50% per annum, (ii) with respect to the portion of the Revolving Facility Credit Commitment in excess of $75,000,000 that becomes effective on the date hereof, 8.0% per annum, and (iii) with respect to the portion, if any, of the Revolving Facility Credit Commitment in excess of $75,000,000 that becomes effective after the date hereof, determined by Lender at the time such portion of the Revolving Facility Credit Commitment becomes effective.
Underwriting Rate means 6.82%.
Underwriting Rate means 6.20%.
Underwriting Rate means 10.5% per annum.
Underwriting Rate means the applicable rate of interest that Freddie Mac used when underwriting a Reference Obligation with a variable or floating rate of interest. Allocation of Principal Reduction Amount and Calculated Recovery PrincipalOn each Payment Date on or prior to the Termination Date, after the allocation of the Calculated Tranche Write-down Amount, if any, for such Payment Date, if a Waterfall Trigger Event has not occurred or has occurred but is not continuing, the Principal Reduction Amount for that Payment Date will be allocated pro rata between the Class A-H and Class B Reference Tranches in proportion to their respective Class Notional Amounts immediately prior to such Payment Date. If a Waterfall Trigger Event has occurred and is continuing on such Payment Date, the Principal Reduction Amount will be allocated first to reduce the Class Notional Amount of the Class A-H Reference Tranche until its Class Notional Amount is reduced to zero, and then to reduce the Class Notional Amount of the Class B Reference Tranche until its Class Notional Amount is reduced to zero. In the event that the portion of the Principal Reduction Amount allocable to the Class B Reference Tranche exceeds its Class Notional Amount after the allocation of the Calculated Tranche Write-down Amount, such excess will be allocated to reduce the Class Notional Amount of the Class A-H Reference Tranche. In addition, on each Payment Date on or prior to the Termination Date, after the allocation of any Calculated Tranche Write-down Amount and Principal Reduction Amount for such Payment Date, the amount, if any, of the Calculated Recovery Principal for that Payment Date will be allocated first to reduce the Class Notional Amount of the Class A-H Reference Tranche until its Class Notional Amount is reduced to zero, and then to reduce the Class Notional Amount of the Class B Reference Tranche until its Class Notional Amount is reduced to zero. Any Principal Reduction Amount and any Calculated Recovery Principal allocated to the Class B Reference Tranche pursuant to the hypothetical structure will result in a requirement of Freddie Mac to make a corresponding payment of principal to the Notes.