Applicable Fractions definition

Applicable Fractions. For each Mortgage Loan and the related Collateral Group, such fractions as are set forth in the Applicable Fraction table attached hereto as Exhibit T; provided, however, notwithstanding any provision herein to the contrary, each Mortgage Loan that is modified to reduce its Interest Rate shall be deemed to have the same Applicable Fraction as was based on the original interest rate of such Mortgage Loan.
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Examples of Applicable Fractions in a sentence

  • Principal received or advanced on each Mortgage Loan having a Net Mortgage Rate greater than or equal to 6.00% but less than or equal to 11.00% will be allocated between Collateral Group 1A and Collateral Group 1B on the basis of the Applicable Fractions of the Mortgage Loans.

  • Principal received or advanced on each Discount Mortgage Loan will be allocated between Collateral Group PO and Collateral Group 1 on the basis of the Applicable Fractions of the Discount Mortgage Loans.

  • Principal received or advanced on each Discount Mortgage Loan will be allocated between Collateral Group PO and Collateral Group 1A on the basis of the Applicable Fractions of the Discount Mortgage Loans.

  • If the parties are unable to agree on such a plan, the 15,067 shares of Parent Common Stock will be paid to the shareholders of Company at the Closing, and the Applicable Fractions will be revised accordingly.