Applicable Pricing Spread definition

Applicable Pricing Spread means, for each Type of Eligible Mortgage Loan, the applicable pricing spread set forth in the Pricing Side Letter.
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Applicable Pricing Spread means the spread set forth in the Pricing Side Letter.
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Applicable Pricing Spread means the sum of the weighted averages of the applicable rates per annum for each type of Eligible Mortgage Loan for each day that Transactions are outstanding in respect of such type of Eligible Mortgage Loans, determined by multiplying (a) for each type of Eligible Mortgage Loan set forth in the table below, a fraction equal to the Recognized Value of all Eligible Mortgage Loans of such type divided by the Recognized Value of all Eligible Mortgage Loans subject to Transactions then outstanding, times (b) for each type of Eligible Mortgage Loan set forth in the table below, the percentage set forth in the table below opposite such type of Eligible Mortgage Loan: First Lien Loan that is a Performing Loan 0.85 % Second Lien Loan that is a Performing Loan 0.85 % First Lien Loan or Second Lien Loan that is a Class A Defaulted Loan 1.20 % First Lien Loan or Second Lien Loan that is a Class B Defaulted Loan 1.20 % First Lien Loan or Second Lien Loan that is a Class C Defaulted Loan 1.50 %
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Examples of Applicable Pricing Spread in a sentence

  • The parties hereto acknowledge that this Repurchase Agreement may be filed with the SEC; provided that, the disclosing party shall redact any pricing and other confidential provisions, including, without limitation, the amount of any fees, Commitment Fee, Non-Utilization Fee, Applicable Pricing Spread and Applicable Purchase Rate from such filed Agreement.

  • The Buyer and the Agent acknowledge that this Repurchase Agreement may be filed with the SEC; provided that, the Seller shall redact any pricing and other confidential provisions, including, without limitation, the amount of any fees, Commitment Fee, Non-Utilization Fee, Applicable Pricing Spread and Applicable Purchase Rate from such filed Agreement.

  • The Buyer and the Agent acknowledge that this Repurchase Agreement may be filed with the SEC; provided that, the Seller shall redact any pricing and other confidential provisions, including, without limitation, the amount of any fees, Applicable Pricing Spread and Applicable Purchase Rate from such filed Agreement.


More Definitions of Applicable Pricing Spread

Applicable Pricing Spread means for each type of Eligible Mortgage Loan, the "Applicable Pricing Spread" set forth in the chart below opposite the applicable type of Eligible Mortgage Loan: -------------------------------------------------------------- Type of Eligible Mortgage Loan Applicable Pricing Spread -------------------------------------------------------------- Agency Eligible Mortgage Loan 0.45% per annum -------------------------------------------------------------- Alternate `A' Mortgage Loan 0.50% per annum -------------------------------------------------------------- Conduit Eligible Mortgage Loan 0.50% per annum -------------------------------------------------------------- Jumbo Mortgage Loans 0.45% per annum -------------------------------------------------------------- Interest-Only Mortgage Loans 0.50% per annum -------------------------------------------------------------- Any Eligible Mortgage Loan not 0.45% per annum described above --------------------------------------------------------------
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Applicable Pricing Spread means the sum of the weighted average of the applicable rates per annum for each type of Eligible Mortgage Loan for each day that Transactions shall be outstanding in respect of such Eligible Mortgage Loans. For each type of Eligible Mortgage Loan, the applicable rate shall be equal to the product of (x) a fraction equal to (1) the Recognized Value of all Eligible Mortgage Loans of such type, divided by (2) the Recognized Value of all Eligible Mortgage Loans, and (y) the applicable pricing spread specified in the table below: Type of Eligible Mortgage Loan Applicable Pricing Spread Unseasoned Mortgage Loan 0.50 % Second Lien Mortgage Loan 0.50 % 30+ Delinquent Mortgage Loan 1.00 % 60+ Delinquent Mortgage Loan 1.00 % Defaulted Mortgage Loan 1.45 % Wet-Ink Mortgage Loan 0.50 % the applicable pricing spread specified by the Agent one (1) Business Day prior to the Discretionary Mortgage Loan applicable Purchase Date
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