Variable Rate Mortgage Loans definition

Variable Rate Mortgage Loans means those Mortgage Loans within the Mortgage Portfolio from time to time which are subject to a rate of interest which at any time may be varied in accordance with the relevant Mortgage Conditions (and shall, for the avoidance of doubt, exclude Fixed Rate Mortgage Loans and Flexible Mortgage Loans).
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Variable Rate Mortgage Loans means those Mortgage Loans to the extent that and for such period that their Mortgage Loan Conditions provide that they are subject to a rate of interest which may at any time be varied in accordance with the relevant Mortgage Loan Conditions (and shall, for the avoidance of doubt, exclude Mortgage Loans during the period that are Fixed Rate Mortgage Loans or Tracker Rate Mortgage Loans).
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Examples of Variable Rate Mortgage Loans in a sentence

  • Aggregate Scheduled Principal Balance of Mortgage Loans: Approximately $700,081,517 (as of the Cut Off Date), including approximately $210,932,678 of fixed-rate Mortgage Loans and approximately $489,148,840 of Variable Rate Mortgage Loans.

  • Aggregate Scheduled Principal Balance of Mortgage Loans: Approximately $491,434,935 (as of the Cut Off Date), including approximately $150,278,817 of fixed-rate Mortgage Loans and approximately $341,156,118 of Variable Rate Mortgage Loans.

  • Aggregate Scheduled Principal Balance of Mortgage Loans: Approximately $750,000,000 (as of the Cut Off Date), including approximately $249,395,711.23 of fixed-rate Mortgage Loans and approximately $352,814,900.18 of Variable Rate Mortgage Loans.

  • Aggregate Scheduled Principal Balance of Mortgage Loans: Approximately $ $648,116, 994 (as of the Cut Off Date), including approximately $129,798,241.23 of fixed-rate Mortgage Loans and approximately $518,393,382.67 of Variable Rate Mortgage Loans.

  • Aggregate Scheduled Principal Balance of Mortgage Loans: Approximately $450,000,000 (as of the Cut Off Date), including approximately $ 161,034,171 of fixed-rate Mortgage Loans and approximately $288,965,829 of Variable Rate Mortgage Loans.