Conversion to Fixed Interest Rate definition

Conversion to Fixed Interest Rate. With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;
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Conversion to Fixed Interest Rate. With respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.
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Conversion to Fixed Interest Rate. With respect to each ARM Mortgage Loan; the Mortgage Loan does not contain a provision permitting or requiring conversion to a fixed interest rate Mortgage Loan.
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Examples of Conversion to Fixed Interest Rate in a sentence

  • Any interest required to be paid pursuant to state, federal and local law has been properly paid and credited; (ii) Conversion to Fixed Interest Rate.

  • Authority for and Conditions to Conversion to Fixed Interest Rate 26 Section 4.02.

  • Authority for and Conditions to Conversion to Fixed Interest Rate 27 Section 4.02.


More Definitions of Conversion to Fixed Interest Rate

Conversion to Fixed Interest Rate. With respect to Adjustable Rate Mortgage Loans, the MILA Mortgage Loan is not a Convertible Mortgage Loan; kk. Other Insurance Policies. No action, inaction or event has occurred and no state of facts exists or has existed that has resulted or will result in the exclusion from, denial of, or defense to coverage under any applicable, special hazard insurance policy, or bankruptcy bond, irrespective of the cause of such failure of coverage. In connection with the placement of any such insurance, no commission, fee, or other compensation has been or will be received by MILA or by any officer, director, or employee of MILA or any designee of MILA or any corporation in which MILA or any officer, director, or employee had a financial interest at the time of placement of such insurance;
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Conversion to Fixed Interest Rate. With respect to Adjustable Rate Mortgage Loans, the MLN Mortgage Loan is not a Convertible Mortgage Loan; kk) Other Insurance Policies. No action, inaction or event has occurred and no state of facts exists or has existed that has resulted or will result in the exclusion from, denial of, or defense to coverage under any applicable, special hazard insurance policy, or bankruptcy bond, irrespective of the cause of such failure of coverage. In connection with the placement of any such insurance, no commission, fee, or other compensation has been or will be received by MLN or by any officer, director, or employee of MLN or any designee of MLN or any corporation in which MLN or any officer, director, or employee had a financial interest at the time of placement of such insurance;
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Conversion to Fixed Interest Rate. With respect to adjustable rate Ownit Mortgage Loans, the Ownit Mortgage Loan is not a Convertible Mortgage Loan (as defined in the Pooling and Servicing Agreement);
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Conversion to Fixed Interest Rate. With respect to Adjustable Rate NC Capital Mortgage Loans, the Mortgage Loan is not a convertible Mortgage Loan;
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Conversion to Fixed Interest Rate. With respect to each adjustable rate Mortgage Loan, the Mortgage Loan is not a convertible Mortgage Loan;
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Related to Conversion to Fixed Interest Rate

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Adjusted Interest Rate means, with respect to any Reset Transaction, the rate per annum that is the arithmetic average of the rates quoted by two Reference Dealers selected by the Company or its successor as the rate at which interest on the Securities should accrue so that the fair market value, expressed in dollars, of a Security immediately after the later of:

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Stated Interest Rate “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, “Underwriting Agreement”, “United”, and “United Bankruptcy Event”.