Component Rate definition
Component Rate. As to each of the Class X Components, the rate reflected in the definition for such component herein.
Component Rate means, with respect to each Component, the “Interest Rate” as defined in the Mortgage Loan Agreement.
Component Rate shall have the meaning assigned to such term in the Componentization Notice.
Examples of Component Rate in a sentence
If all or any portion of the Whole Loan is modified, the Net Component Rate shall not change for purposes of distributions on the Certificates or the RR Interest.
More Definitions of Component Rate
Component Rate. With respect to each Component, the per annum rate at which interest accrues on such Component without giving effect to the Default Rate.
Component Rate. Not applicable.
Component Rate means, for each of the 2021-2C Component, the 2021-3C Component and the 2021-3R Component, the applicable rate per annum set forth in respect of such Component in Section 2.01(a)(i) hereof.
Component Rate. With respect to each Mortgage Loan Component, the per annum rate at which interest will accrue on such Mortgage Loan Component under the Mortgage Loan Agreement without giving effect to any default rate.
Component Rate means the rate per annum set forth in Section 2.01(a)(i) hereof.
Component Rate shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.
Component Rate for each Component, has the meaning set forth in the Loan Agreement Supplement relating to such Component.