Underwriting Rate definition

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 ▇▇▇▇▇▇ Station Apartments and 6.26444% for the Mortgaged Property known as Stassney ▇▇▇▇▇ Apartments.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Underwriting Rate means 6.69% per annum.

Underwriting Rate. The applicable rate of interest that ▇▇▇▇▇▇▇ Mac used when underwriting a Reference Obligation with a variable or floating rate of interest. U.S. Bank: U.S. Bank National Association.

Examples of Underwriting Rate in a sentence

• The Borrower’s obligations to pay (A) any payments required in connection with the acquisition of a Qualified Hedge to assure that the fixed interest rate to be paid by the Borrower or interest rate cap provided to the Borrower under the Qualified Hedge, together with the Bank Lending Margin, is at or below the Loan Underwriting Rate, (B) Hedging Obligations and (C) Hedging Termination Obligations shall be from the sources and in the priority specified in the Collateral Agency Agreement.

• The Borrower’s obligations to pay (A) any payments required in connection with the acquisition of a Qualified Hedge to assure that the fixed interest rate to be paid by the Borrower or interest rate cap provided to the Borrower under the Qualified Hedge, together with the Bank Lending Margin, shall be at or below the Loan Underwriting Rate, (B) Hedging Obligations and (C) Hedging Termination Obligations shall be from the sources and in the priority specified in the Indenture.

• REDSTONE has provided to Broker and Broker has received and reviewed the REDSTONE Underwriting Rate Guide / Matrix (together as The “Guide”), which is incorporated by reference in its entirety into this Agreement.

• Fixed Advances shall require amortization, as follows: Each Fixed Advance shall require monthly payments of principal assuming level payments of principal and interest (at the Underwriting Rate) in an amount necessary to fully amortize the original principal amount of such Advance over the Amortization Period.

• ROCKSTONE has provided to Broker and Broker has received and reviewed the ROCKSTONE Underwriting Rate Guide / Matrix (together as The “Guide”), which is incorporated by reference in its entirety into this Agreement.

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 6.82%.

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.

Underwriting Rate means 6.20%.

Underwriting Rate means 10.5% per annum.

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.