Delinquency Rate. 14 Depository..............................................................................................14
Delinquency Rate. The “Delinquency Rate”“ shall be defined as that annual interest rate which is the greater of (a) nine percent (9.0%) per annum, or (b) that variable rate which is equal to the Prime Rate (as hereinafter defined) in effect on such date or during such period, plus four percent (4.0%), compounded monthly from the date so advanced; provided, however, that such rate shall be in no event higher than the maximum rate which, when compounded monthly, is prohibited by applicable law. The “Prime Rate” shall mean the rate per annum as stated in the Money Rates Section in The Wall Street Journal for the period for which such rate applies.
Delinquency Rate. For any calendar month, a fraction, expressed as a percentage, the numerator of which is the aggregate Stated Principal Balance of 60+ Day Delinquent Mortgage Loans as of the close of business on the last day of such month (not including those Mortgage Loans that are liquidated as of the end of the related Prepayment Period), and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans as of the close of business on the last day of such month (not including those Mortgage Loans that are liquidated as of the end of the related Prepayment Period).
Delinquency Rate. For each monthly cohort of Eligible Receivables, the Delinquency Rate for any three (3) month rolling average exceeds twenty percent (20%). provided, however, that, no Performance trigger shall occur to the extent that such Eligible Receivables of the applicable monthly cohort has a UPB of less than (i) $3,000,000 if the Maximum Committed Amount is $150,000,000 or (ii) $6,000,000 if the Maximum Committed Amount is $300,000,000. APPENDIX E TO CREDIT AGREEMENT APPROVED STATES [To be delivered by the Administrative Agent to the Borrower prior to the initial Credit Date] APPENDIX F TO CREDIT AGREEMENT EXCESS CONCENTRATION AMOUNTS
Delinquency Rate. The lesser of (a) the maximum amount of interest which may be lawfully charged under the laws of the Commonwealth of Pennsylvania, or (b) the rate per annum equal to the Prime Rate of interest from time to time as such rate is specified in The Wall Street Journal or in any successor publication.
Delinquency Rate. With respect to any calendar month, the fraction, expressed as a percentage, the numerator of which is the aggregate outstanding principal balance of (i) all Mortgage Loans 60 days Delinquent or more (including all Mortgage Loans 60 days Delinquent for which the related Mortgagor has filed for bankruptcy after the Closing Date) and (ii) each Mortgage Loan in foreclosure and all REO Properties as of the close of business on the last day of such month, and the denominator of which is the Aggregate Pool Balance as of the close of business on the last day of such month.
Delinquency Rate. For each unpaid Advance there will be a charge equal to Prime Rate plus 6.50% on the ADB beginning on the applicable Payment Due Date to and including the date IBM Credit receives payment thereof.
Delinquency Rate. For any Due Period, the fraction, expressed as a percentage, the numerator of which is the aggregate outstanding principal balance of all Mortgage Loans that are 60 or more days delinquent (including all foreclosures and REO Properties) as of the close of business on the last day of such Due Period, and the denominator of which is the aggregate principal balance of the Mortgage Loans as of the close of business on the last day of such Due Period. Depositor: FBR Securitization, Inc., a Delaware corporation, or its successors in interest. Depository: The initial Depository shall be The Depository Trust Company, the nominee of which is Cede & Co., as the registered Holder of the Book-Entry Notes. The Depository shall at all times be a “clearing corporation” as defined in Section 8-102(a)(5) of the UCC of the State of New York and registered as a “clearing agency” pursuant to Section 17A of the Exchange Act as amended.
Delinquency Rate. Not applicable.
Delinquency Rate. The Borrower shall not permit the Delinquency ---------------- Rate for all mortgage loans in the Borrower's servicing portfolio to be 12.5% or greater.
