Weighted Average Net Loan Rate for any Collection Period means the average of the daily Net Loan Rate (specified in the Adoption Annex) for each Mortgage Loan (assuming that each Mortgage Loan is fully indexed) for each day during the related Billing Cycle, weighted on the basis of the daily average of the Asset Balances outstanding for each day in the Billing Cycle for each Mortgage Loan as determined by the Master Servicer in accordance with the Master Servicer's normal servicing procedures.
Weighted Average Net Loan Rate. For any Payment Date, the weighted average of the Net Loan Rates of the Mortgage Loans, weighted by the respective Principal Balances of the Mortgage Loans as of the beginning of the related Collection Period.
Weighted Average Net Loan Rate. As to any Collection Period, the average of the daily Net Loan Rate for each Mortgage Loan for each day during the related Billing Cycle, weighted on the basis of the daily average of the related Asset Balances outstanding for each day in such Billing Cycle for each Mortgage Loan as determined by the Master Servicer in accordance with the Master Servicer's normal servicing procedures.
Examples of Weighted Average Net Loan Rate in a sentence
On any Payment Date, equal to the least of (i) LIBOR plus 0.375% per annum (or, for any Payment Date on or after the Step-Up Date, LIBOR plus 0.75% per annum), (ii) (a) the Weighted Average Net Loan Rate of the Mortgage Loans in Group I, minus (b) a rate equal to, on or prior to the Payment Date in September 2005, interest payable on the Class A-IO Notes divided by the aggregate outstanding Principal Balance of the Mortgage Loans, and (iii) 13.00% per annum.
On any Payment Date, equal to the least of (i) LIBOR plus 0.670% per annum (or, for any payment on or after the Step-Up Date for Group II, LIBOR plus 1.005% per annum) and (ii) (a) the Weighted Average Net Loan Rate of all of the Mortgage Loans in Group II as of the first day of the month preceding the month in which such Payment Date occurs and (iii) 9.50% per annum.
On any Payment Date, equal to the least of (i) LIBOR plus 0.60% per annum (or, for any payment on or after the Step-Up Date, LIBOR plus 1.20% per annum) and (ii) (a) the Weighted Average Net Loan Rate of the Mortgage Loans in Group II, minus (b) a rate equal to, on or prior to the Payment Date in September 2005, interest payable on the Class A-IO Notes divided by the aggregate outstanding Principal Balance of the Mortgage Loans, and (iii) 13.00% per annum.
On any Payment Date, equal to the least of (i) LIBOR plus 0.320% per annum (or, for any payment on or after the Step-Up Date for Group I, LIBOR plus 0.640% per annum), (ii) the Weighted Average Net Loan Rate of the Mortgage Loans in Group I as of the first day of the month preceding the month in which such Payment Date occurs and (iii) 15.00% per annum.
On any Payment Date, equal to the least of (i) LIBOR plus 0.450% per annum (or, for any payment on or after the Step-Up Date for Group II, LIBOR plus 0.900% per annum) and (ii) (a) the Weighted Average Net Loan Rate of all of the Mortgage Loans in Group II as of the first day of the month preceding the month in which such Payment Date occurs and (iii) 9.50%.
More Definitions of Weighted Average Net Loan Rate
Weighted Average Net Loan Rate for a Loan Group and any Collection Period means the average of the daily Net Loan Rate (specified in the Adoption Annex) for each Mortgage Loan in that Loan Group (assuming that each Mortgage Loan is fully indexed) for each day during the related Billing Cycle, weighted on the basis of the daily average of the Asset Balances outstanding for each day in the Billing Cycle for each Mortgage Loan as Ann-1-19 determined by the Mastex Xervicer in accordance with the Master Servicer's normal servicing procedures. Ann-1-20 XXXXX 0 XXXXXXXX XXXXX Xxx Xxxxxxxxx Xxxxxxx xxxxl issue under Section 2.02(b): o Class 1-A Notes in an aggregate principal amount of $608,500,000, and o Class 2-A Notes in an aggregate principal amount of $609,499,000. The "Administration Agreement" is the Administration Agreement of even date with this Indenture among the Issuer, the Master Servicer, and the Indenture Trustee.
Weighted Average Net Loan Rate. With respect to the Mortgage Loans in the aggregate, and any Due Date, the average of the Net Loan Rate for each Mortgage Loan as of the last day of the related Billing Cycle weighted on the basis of the related Asset Balances outstanding as of the last day of the related Billing Cycle (except for the [______________] Loans where the Net Loan Rate will represent the average Net Loan Rate during the related Billing Cycles weighted on the basis of the daily Asset Balance during the related Billing Cycle for such Mortgage Loans) for each Mortgage Loan as determined by the Master Servicer in accordance with the Master Servicer's normal servicing procedures.
Weighted Average Net Loan Rate for any Collection Period means the average of the daily Net Loan Rate (specified in the Adoption Annex) for each Mortgage Loan (assuming that each Mortgage Loan is fully indexed) for each day during the related Billing Cycle, weighted on the basis of the daily average of the Asset Balances outstanding for each day in the Billing Cycle for each Mortgage Loan as determined by the Master Servicer in accordance with the Master Servicer's normal servicing procedures. Ann-1-18 XXXXX 0 XXXXXXXX XXXXX Xxx xxxxxx xxxxxxxx xx xx the Granting Clause is the Series 2002-B Subtrust. The Indenture Trustee shall issue under Section 2.02(b): Notes in an aggregate principal amount of $1,717,300,000 The "Administration Agreement" is the Administration Agreement of even date with this Indenture among the Issuer, the Master Servicer, and the Indenture Trustee. The "Closing Date" is March 4, 2002. The last day of the first "Collection Period" is the last day of March 2002. The "Corporate Trust Office" of the Indenture Trustee at the date of execution of this Indenture is located at 1 Bank One Plaza, Suite IL1-0481, Xxxxxxx, Xxxxxxxx 00000-0000, Xxxxxxxxx: Xxxxxxxxx Xxxxx Xxxxices Division.
Weighted Average Net Loan Rate for a Loan Group and any Collection Period means the average of the daily Net Loan Rate (specified in the Adoption Annex) for each Mortgage Loan in that Loan Group (assuming that each Mortgage Loan is fully indexed) for each day during the related Billing Cycle, weighted on the basis of the daily average of the Asset Balances outstanding for each day in the Billing Cycle for each Mortgage Loan as determined by the Master Servicer in accordance with the Master Servicer's normal servicing procedures. ANNEX 2 ADOPTION ANNEX The Indenture Trustee shall issue under Section 2.02(b): o Class 1-A Notes in an aggregate principal amount of $496,805,000, and o Class 2-A Notes in an aggregate principal amount of $503,195,000. The "Administration Agreement" is the Administration Agreement of even date with this Indenture among the Issuer, the Master Servicer, and the Indenture Trustee.
Weighted Average Net Loan Rate. As to any Collection Period and with respect to each Pool, the average of the daily Net Loan Rate for each Mortgage Loan in such Pool for each day during the related Billing Cycle, weighted on the basis of the daily average of the related Principal Balances for each day in such Billing Cycle for each Mortgage Loan as determined by the Servicer in accordance with the Servicer's normal servicing procedures. XXXXXXX X-0 [Form of Note] GREENPOINT HOME EQUITY LOAN TRUST 2000-3 CLASS A-1 NOTE REGISTERED $_____________ No. A-1- CUSIP NO. 395385 AF 4 Unless this Class A-1 Note is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the Issuer or its agent for registration of transfer, exchange or payment, and any Class A-1 Note issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. THE PRINCIPAL OF THIS CLASS A-1 NOTE IS PAYABLE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS CLASS A-1 NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. GREENPOINT HOME EQUITY LOAN TRUST 2000-3 CLASS A-1 VARIABLE RATE ASSET BACKED NOTES GreenPoint Home Equity Loan Trust 2000-3, a business trust organized and existing under the laws of the State of Delaware (herein referred to as the "Issuer"), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of __________ ($_____________), such amount payable on each Payment Date in an amount equal to the result obtained by multiplying (i) a fraction the numerator of which is $__________ and the denominator of which is $__________ by (ii) the aggregate amount, if any, payable from the Collection Account in respect of principal on the Class A-1 Notes pursuant to Section 8.6 of the Indenture; provided, however, that the entire unpaid principal amount of this Class A-1 Note shall be due and payable on the Payment Date in January 2027 (the "Final Scheduled Payment Date"). The Issuer will pay interest on this Note at the rate per annum provided in the Indenture on each Payment Date on the principal amount of this Class A-1 Note outs...
Weighted Average Net Loan Rate for any Collection Period means the average of the daily Net Loan Rate (specified in the Adoption Annex) for each Mortgage Loan (assuming that each Mortgage Loan is fully indexed) for each day during the related Billing Cycle, weighted on the basis of the daily average of the Asset Balances outstanding for each day in the Billing Cycle for each Mortgage Loan as determined by the Master Servicer in accordance with the Master Servicer’s normal servicing procedures. Adoption Annex Adoption Annex The amount deposited in the “Additional Loan Account” on the Closing Date is $17,692,815.
Weighted Average Net Loan Rate. As to any Accrual Period and the Investor ------------------------------ Certificates, the weighted average of the Loan Rates (rounded to the nearest one-hundredth of a percent, with five one-thousandths of a percent rounded upward) during the Interest Period ending on the Cycle Date occurring in the preceding Collection Period for the related Distribution Date (adjusted to an effective rate reflecting accrued interest calculated on the basis of the actual number of days in the Accrual Period and a year assumed to consist of 360 days), less the Servicing Fee Rate and the Premium Rate.