Examples of Base Interest Fraction in a sentence
Yield Maintenance Prepayment Premiums Yield Maintenance Charges (exclusive of any Yield Maintenance Charges allocated to the Class A-Y) will generally be distributed on any Distribution Date as follows: A portion (based on the product of the Base Interest Fraction and the Principal Entitlement Fraction as described below) will be delivered to one or more of the following Classes: A-1, A-2, A-3, A-4, B, C, D, E, F, G and H (the “Yield Maintenance Classes”).
Static Prepayment Premiums: Static Prepayment Premium Charges (exclusive of any Static Prepayment Premium Charges allocated to the Class A-Y) will generally be distributed on any Distribution Date as follows: A portion (based on the product of the Base Interest Fraction and the Principal Entitlement Fraction as described above) will be delivered to one or more of the following Classes: A-1, A-2, A-3, A-4, B, C, D, E, F, G and H (the “Static Prepayment Premium Classes”).
If such Yield Rate is greater than the Mortgage Rate on the related Mortgage Loan, then the Base Interest Fraction shall equal zero.
Allocation of Money for Monmouth Academy Space AllocationDirector Ed Zuis motioned to approve the allocation of money, not to exceed $600,000, to upgrade space at Monmouth Academy to be used for student learning, as recommended at the January 8, 2018 Finance and Facilities meeting.