Net Interest Rate definition

Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.
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Net Interest Rate means, with respect to any Note, the related Interest Rate, less the applicable Primary Servicing Fee Rate.
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Net Interest Rate. As to any Payment Date, the annualized percentage derived from the fraction (which shall not be greater than 1), the numerator of which is the positive difference, if any, between (x) the amount of all interest due on the Home Loans during the related Due Period and (y) the Interest Reduction Amount and the denominator of which is the aggregate principal amount of the Notes immediately prior to such Payment Date.
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Examples of Net Interest Rate in a sentence

  • Net Interest Rate - means interest at the contract rate stated in the Covered Loan (or as otherwise subject to Modification in accordance with the Servicing Guide, as provided in Article III.(c) (Representations and Warranties of the Insured)), less the greater of (i) thirty- five hundredths of one percent (0.35%) or (ii) the actual Servicing Fee for the Covered Loan.

  • We reserve the right to calculate and update the Net Interest Rate (and the resulting rates payable under the Program) more or less frequently without further notice.

  • You can email us at our customer service email address as shown on our websites to obtain the then current Net Interest Rate and the frequency of calculation.

  • Generally, the Net Interest Rate is determined during a month, using the weighted average blended rate as of the end of the preceding month, and is then made applicable for the next succeeding month.

  • The Owner’s Net Interest Rate is available at https://www.wexinc.com/wex-custodian-services/.

  • Net Interest Rate - means interest at the contract rate stated in the Covered Loan (or as otherwise subject to Modification in accordance with the Servicing Guide, as provided in Article III.(c) (Representations and Warranties of the Insured)), less the greater of (i) thirty-five hundredths of one percent (0.35%) or (ii) the actual Servicing Fee for the Covered Loan.

  • As an example, the interest rate to be paid on that amount in XXXX.XXXX would be 0.20% (20 basis points) when the Net Interest Rate equals 1% and .90% (90 basis points) when the Net Interest Rate equals 2%, using the Formula.

  • By influencing the level of the interest rates and the shape of the interest rate curve, the ECB impacts in an important way the Net Interest Rate Margin (“NIM”) of commercial banks, like Belfius Bank.

  • How To Request a Net Interest Rate of ZeroYou can request a net interest rate of zero by writing on top of Form 843 “Request for Net Interest Rate of Zero under Rev.

  • The “net interest rate paid by the Banks” -- the Net Interest Rate -- is the weighted average blended rate paid by the Program Banks to us on cash held at the Program Banks, after also deducting the fees paid to any intermediary bank or other unaffiliated service provider under the Program (if such fees were not already deducted directly from the amounts we receive from Program Banks).


More Definitions of Net Interest Rate

Net Interest Rate means, with respect to Note X-0, Xxxx X-0 and Note B, the Note A-1 Interest Rate, Note A-2 Interest Rate and the Note B Interest Rate, respectively, minus the Servicing Fee Rate.
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Net Interest Rate. The expected net interest rate for a block of business is determined by subtracting from the gross rate charges for investment expenses and risks. Charges for investment expenses cover the cost of investment expenses (including transaction costs) per the Services Agreement described in Numbered Paragraph 3 of this agreement. Charges for risk should take into consideration the default and option risks (as agreed upon) relating to the portfolio assets underlying the block of business. An example is shown in the following Table 2:
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Net Interest Rate means, with respect to Note A and Note B, the Note A Net Interest Rate and the Note B Net Interest Rate, respectively.
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Net Interest Rate. As the Net Interest Rate exceeds the sum of
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Net Interest Rate. With respect to a Mortgage Loan (other than a Discount Participation Interest), (a) for a Fixed-Rate Mortgage Loan on any date, the Pass-Through Rate of the related Trust; (b) for an Adjustable-Rate Mortgage Loan on the initial date of determination, the rate specified as such in the related Issue Supplement; and (c)
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Related to Net Interest Rate

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Settlement Interest Rate means, for the first calendar quarter or portion thereof during which interest accrues, the rate determined by the Receiver to be equal to the equivalent coupon issue yield on twenty-six (26)-week United States Treasury Bills in effect as of Bank Closing as published in The Wall Street Journal; provided, that if no such equivalent coupon issue yield is available as of Bank Closing, the equivalent coupon issue yield for such Treasury Bills most recently published in The Wall Street Journal prior to Bank Closing shall be used. Thereafter, the rate shall be adjusted to the rate determined by the Receiver to be equal to the equivalent coupon issue yield on such Treasury Bills in effect as of the first day of each succeeding calendar quarter during which interest accrues as published in The Wall Street Journal.

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its “prime rate.” If a Citibank, N.A. prime rate is not available, the applicable prime rate will be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid.

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class E Interest Rate means 5.02% per annum (computed on the basis of a 360-day year of twelve 30-day months).