PO Percentage. In the case of any Fixed Rate Discount Loan, a percentage equal to a fraction, the numerator of which is the difference between 6.00% minus the Net Mortgage Rate for such Fixed Rate Discount Loan, and the denominator of which is 6.00%. In the case of any ARM Discount Loan, a percentage equal to a fraction, the numerator of which is the difference between 6.00% minus the minimum Net Mortgage Rate for such ARM Discount Loan, and the denominator of which is 6.00%.
Appears in 11 contracts
Samples: Trust Agreement (Aames Mortgage Tr Mort Pas Thru Cert Sers 2003-1), Custodial Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-Bc11), Trust Agreement (Structured Asset Inv Loan Tr Mort Pass-THR Cert Ser 2004-1)
PO Percentage. In the case of any Fixed Rate Discount Loan, a percentage equal to a fraction, the numerator of which is the difference between 6.00% minus the Net Mortgage Rate for such Fixed Rate Discount Loan, and the denominator of which is 6.00%. In the case of any ARM Discount Loan, a percentage equal to a fraction, the numerator of which is the difference between 6.00% minus the minimum Net Mortgage Rate for such ARM Discount Loan, and the denominator of which is 6.00%.
Appears in 2 contracts
Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003 Ff3), Trust Agreement (Structured Asset Inv Loan Mort Pass THR Certs Ser 2003-Bc6)
PO Percentage. In the case of any Fixed Rate Discount Loan, a percentage equal to a fraction, the numerator of which is the difference between 6.00[ ]% minus the Net Mortgage Rate for such Fixed Rate Discount Loan, and the denominator of which is 6.00[ ]%. In the case of any ARM Discount Loan, a percentage equal to a fraction, the numerator of which is the difference between 6.00[ ]% minus the minimum Net Mortgage Rate for such ARM Discount Loan, and the denominator of which is 6.00[ ]%.
Appears in 1 contract
Samples: Trust Agreement (Fieldstone Mortgage Investment CORP)
