Examples of Certificate Insurer Premium Rate in a sentence
No such modification shall reduce the Mortgage Rate on a Mortgage Loan below one-half of the Mortgage Rate as in effect on the Cut-off Date, but not less than the sum of the rates at which the Servicing Fee, the Subservicing Fee and the Certificate Insurer Premium Rate accrue.
Certificate Insurer Premium: The premium payable to the Insurer on each Distribution Date in an amount equal to one-twelfth of the product of the Certificate Insurer Premium Rate and the aggregate Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date.
Certificate Insurer Premium Rate: With respect to any Distribution Date, the Premium Percentage set forth in the Insurance Agreement.
Expense Fee Rate: The sum of (i) the Trustee Fee Rate (0.0125%), (ii) the Certificate Insurer Premium Rate (0.21%), (iii) the Servicing Fee Rate (0.50%), and (iv) the per annum rate of the PMI Premiums (0.82%on the loans with PMI).
No such modification shall reduce the Mortgage Rate on a Mortgage Loan below one-half of the Mortgage Rate as in effect on the Cut-off Date, but not less than the sum of the rates at which the Servicing Fee and the Subservicing Fee and the Certificate Insurer Premium Rate accrue.