Weighted Average Loan Rate definition

Weighted Average Loan Rate means, for any Payment Date, the weighted average (determined by Scheduled Principal Balance) of the Loan Interest Rates for all Loans that were outstanding during the immediately preceding month.

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Weighted Average Loan Rate means, as to any Payment Date, the weighted average (determined by Scheduled Principal Balance) of the Loan Interest Rates for all Loans that were outstanding during the immediately preceding month.

Weighted Average Loan Rate. With respect to any Distribution Date, the weighted average of the applicable Loan Rates on the Home Equity Loans as of the last Business Day of the third calendar month preceding such Distribution Date, weighted based on the outstanding Principal Balances of the Home Equity Loans as of the last Business Day of the third calendar month preceding such Distribution Date.

Examples of Weighted Average Loan Rate in a sentence

If the Class C Certificateholder (or its assignee) has not delivered to the Trustee the notice of exercise of its purchase option required by subsection (b) by the Payment Date occurring in the month following the Determination Date specified in subsection (d), then on the following Payment Date the Class A-5 Pass-Through Rate will increase to a floating rate equal to the Expense Adjusted Weighted Average Loan Rate, but in no event greater than 9.02%.
Thereafter, if the Weighted Average Loan Rate for Loan Group 2 does not exceed the Certificate Rate on the Class A-2 Certificates by 0.20% on any Distribution Date, the amount to be held in the Net Funds Cap Carryover Reserve Account for such Distribution Date thereafter will equal the greater of (i) 0.50% of the outstanding Certificate Principal Balance of such Class, and (ii) $15,000, and will be funded from amounts otherwise paid to the holders of the Class X-2 Certificates.
The following terms of the Certificates are irrevocably established as of the Closing Date: Original Principal Class Pass-Through Rate Per Annum Balance ------------ ---------------------------------------- ----------- Class B-2 The Pass-Through Rate on the Class B-2 $7,718,000 Underlying Certificate, which equals the least of the Group I Adjusted Weighted Average Loan Rate, the Group II Weighted Average Loan Rate, and 9.851%.
I- A-1A Group I Adjusted Weighted Average Loan Rate $ 75,000,000 I-A-1 Group I Adjusted Weighted Average Loan Rate $ 56,799,000 I-A-2 Group I Adjusted Weighted Average Loan Rate $ 27,131,000 I-A-3 Group I Adjusted Weighted Average Loan Rate $ 22,881,000 I-A-4 Group I Adjusted Weighted Average Loan Rate $ 10,756,000 I-A-5 Group I Adjusted Weighted Average Loan Rate $ 13,663,000 I-IO 5.00% per annum through and including the (1) Payment Date in January 2003 and 0% thereafter.
Thereafter, if the Weighted Average Loan Rate for Loan Group 2 for any Distribution Date exceeds the Certificate Rate on the Class A-2 Certificates by 0.20% or more, the Required Reserve Amount for such Distribution Date will be $5,000 and will be funded from amounts otherwise paid to the holders of the Class X-2 Certificates.

More Definitions of Weighted Average Loan Rate

Weighted Average Loan Rate. As to any Collection Period, the average of the daily Loan Rates for such Collection Period weighted on the basis of the related Trust Balances outstanding at the end of such Collection Period for each Mortgage Loan as determined by the Master Servicer in accordance with the Master Servicer's normal servicing procedures.

Weighted Average Loan Rate. With respect to any Distribution Date, the average of the Loan Rates applicable to interest due on the Mortgage Loans during the related Collection Period, weighted on the basis of the related Loan Balances as of the first day of the related Collection Period.

Weighted Average Loan Rate. Either of the Group 1 Weighted Average Loan Rate or the Group 2 Weighted Average Loan Rate, as the context requires.