Certificate Rate definition

Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

Certificate Rate. With respect to each Class of Certificates on any Distribution Date, the percentage per annum or other entitlement to interest described in Section 2.03. With respect to each REMIC Interest on any Distribution Date, the Certificate Rates described in Section 2.03.

Certificate Rate means, with respect to any Series of Certificates (or, for any Series with more than one Class, for each Class of such Series), the percentage (or formula on the basis of which such rate shall be determined) stated in the related Supplement.

Examples of Certificate Rate in a sentence

• The amount of additional interest [at the Class B Certificate Rate] with respect to interest amounts that were due but not paid on a previous Distribution Date.....

• The amount of additional interest [at the Class B Certificate Rate] with respect to interest amounts that were due but not paid on a previous Distribution Date....

• The amount of Investor Certificate Interest included in such distribution, the related Investor Certificate Rate and the portion thereof attributable to collections in respect of the Mortgage Loans.....................

• The amount of additional interest [at the Class A Certificate Rate] with respect to interest amounts that were due but not paid on a previous Interest Payment Date or Special Payment Date....

• In the event of an optional purchase pursuant to Section 8.01(a) of the Sale and Servicing Agreement, the Trust Certificates will be prepaid in whole, but not in part, at an aggregate prepayment price equal to the aggregate Certificate Balance of all the Trust Certificates plus accrued interest thereon at the Certificate Rate.

More Definitions of Certificate Rate

Certificate Rate. With respect to the Certificates, as to each Distribution Date, the rate specified as such in the Trust Agreement.

Certificate Rate means, with respect to any Series or Class, the certificate rate specified therefor in the related Supplement.

Certificate Rate means [___]% per annum calculated on the basis of a 360 day year of twelve 30 day months.

Certificate Rate means _____% per annum.

Certificate Rate means, with respect to any Series of Certificates (or, for any Series with more than one class, for each class of such Series), the percentage (or formula on the basis of which such rate shall be determined) stated in the related Supplement; provided, that unless otherwise provided in a Supplement, such rate shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Certificate Rate. With respect to the Class SB-I Certificates or the REMIC III Regular Interest SB-IO and any Payment Date, a rate per annum equal to the percentage equivalent of a fraction, the numerator of which is the sum of the amounts calculated pursuant to clauses (i) through (iv) below, and the denominator of which is the aggregate principal balance of the REMIC II Regular Interests relating to Loan Group I. For purposes of calculating the Certificate Rate for the Class SB-I Certificates, the numerator is equal to the sum of the following components:

Certificate Rate. As to any Class of Certificates, the respective per annum rate set forth or described below: Class Certificate Rate