Certificate Rate definition

Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

Certificate Rate. With respect to each Class of Certificates on any Distribution Date, the percentage per annum or other entitlement to interest described in Section 2.03. With respect to each REMIC Interest on any Distribution Date, the Certificate Rates described in Section 2.03.

Certificate Rate means, with respect to any Series of Certificates (or, for any Series with more than one Class, for each Class of such Series), the percentage (or formula on the basis of which such rate shall be determined) stated in the related Supplement.

Examples of Certificate Rate in a sentence

• For current dividend rates and corresponding APY, refer to the Account and Term Certificate Rate Schedule; we may change dividend rates and APYs offered for new Term Certificate Accounts.

• You must maintain a minimum average daily balance of $500 in your account to obtain the disclosed APY stated on the Account and Term Certificate Rate Schedule and to avoid closure.

• Certificate accounts are governed by the terms of this Agreement and the terms and disclosures on your Certificate Rate and Fee schedule, which is incorporated herein by this reference.

• OR P.O.S.T. Certificate Rate Intermediate P.O.S.T. Certificate $75.00 per month Advanced P.O.S.T. Certificate $125.00 per month B.

• Certificate accounts are governed by the terms of this agreement and the terms and disclosures on your Certificate Rate and Fee schedule, which is incorporated herein by this reference.

More Definitions of Certificate Rate

Certificate Rate. With respect to the Certificates, as to each Distribution Date, the rate specified as such in the Trust Agreement.

Certificate Rate means, with respect to any Series or Class, the certificate rate specified therefor in the related Supplement.

Certificate Rate means [___]% per annum calculated on the basis of a 360 day year of twelve 30 day months.

Certificate Rate. As to any Class of Certificates, the respective per annum rate set forth or described below: Class Certificate Rate

Certificate Rate means _____% per annum.

Certificate Rate means, with respect to any Series of Certificates (or, for any Series with more than one class, for each class of such Series), the percentage (or formula on the basis of which such rate shall be determined) stated in the related Supplement; provided, that unless otherwise provided in a Supplement, such rate shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Certificate Rate. With respect to the Class SB-I Certificates or the REMIC III Regular Interest SB-IO and any Payment Date, a rate per annum equal to the percentage equivalent of a fraction, the numerator of which is the sum of the amounts calculated pursuant to clauses (i) through (iv) below, and the denominator of which is the aggregate principal balance of the REMIC II Regular Interests relating to Loan Group I. For purposes of calculating the Certificate Rate for the Class SB-I Certificates, the numerator is equal to the sum of the following components: