Current Accrual Rate definition

Current Accrual Rate means, with respect to each Payment Date and any Reference Obligation, the current mortgage rate, less the greater of (i) the related servicing fee rate and (ii) 35 basis points.
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Current Accrual Rate means, with respect to any Payment Date and Reference Obligation, the current mortgage rate (as adjusted for any Modification Event), less the greater of
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Current Accrual Rate. With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related current Accounting Net Yield; and (ii) the related current mortgage rate thereon (as adjusted for any modifications) minus 0.35%.
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Examples of Current Accrual Rate in a sentence

  • Current Accrual Rate - with respect to any payment date and Covered Loan is the current mortgage rate (as adjusted for any Modification), less the greater of (x) the related servicing fee rate and (y) 35 basis points.

  • Current Period Modification Loss Amount – means, as reported in the applicable Monthly Servicing Report, with respect to each payment date and any Covered Loan that has experienced a Modification: (a) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Covered Loan, minus(b) one-twelfth of the Current Accrual Rate multiplied by the interest bearing UPB of such Covered Loan.

  • The "Current Accrual Rate" with respect to any Payment Date and Reference Obligation is the current mortgage rate (as adjusted for any Modification Event), less the greater of (x) the related servicing fee rate and (y) 35 basis points.

  • The "Current Accrual Rate" with respect to any Payment Date and Reference Obligation is the current mortgage rate (as adjusted for any Modification Event), less the greater of (x) the related servicing fee rate and (y) 35 basis points.The "Liquidation Proceeds" with respect to a Credit Event Reference Obligation represent all cash amounts (including sales proceeds, net of selling expenses) received in connection with the liquidation of the Credit Event Reference Obligation.

  • Modification Loss Amount Allocation of Modification Loss AmountsWith respect to each Payment Date and any Reference Obligation that has experienced a Modification Event, the excess, if any, of: (i) one-twelfth of the Original Accrual Rate multiplied by the unpaid principal balance of such Reference Obligation, over (ii) one-twelfth of the Current Accrual Rate multiplied by the interest bearing unpaid principal balance of such Reference Obligation.

  • Current Accrual Rate - with respect to any Payment Date and Covered Loan is the current mortgage rate (as adjusted for any Modification), less the greater of (x) the related servicing fee rate and (y) 35 basis points.

  • Modification Loss Amount – with respect to each payment date and any Covered Loan that has experienced a Modification is: (a) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Covered Loan, minus (b) one-twelfth of the Current Accrual Rate multiplied by the interest bearing UPB of such Covered Loan.

  • Current Period Modification Loss Amount - means, as reported in the applicable Monthly Servicing Report, with respect to each payment date and any Covered Loan that has experienced a Modification: (a) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Covered Loan, minus(b) one-twelfth of the Current Accrual Rate multiplied by the interest bearing UPB of such Covered Loan.

  • Modification Loss Amount - with respect to each Payment Date and any Covered Loan that has experienced a Modification is:(a) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Covered Loan, minus(b) one-twelfth of the Current Accrual Rate multiplied by the interest bearing UPB of such Covered Loan.

  • Current Accrual Rate – with respect to any payment date and Covered Loan is the current mortgage rate (as adjusted for any Modification), less the greater of (x) the related servicing fee rate and (y) 35 basis points.


More Definitions of Current Accrual Rate

Current Accrual Rate means, with respect to any Payment Date and Reference Obligation, the current mortgage rate (as adjusted for any Modification Event), less the greater of(x) the related servicing fee rate and (y) 35 basis points.
Sample 1Sample 2Sample 3
Current Accrual Rate means, with respect to each Payment Date and any Reference Obligation, the current mortgage rate (as adjusted for any Modification Event), less the greater of
Sample 1Sample 2Sample 3

Related to Current Accrual Rate

  • Original Accrual Rate With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related Accounting Net Yield as of the Cut-off Date; and (ii) the related mortgage rate as of the Cut-off Date minus 0.35%.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Interest Accrual Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), (a) the product of (i) 1/12th of the Class A Pass-Through Rate for such Class and (ii) the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (b) the Class A Interest Percentage of such Class of (i) any Non-Supported Interest Shortfall allocated to the Class A Certificates with respect to such Distribution Date, (ii) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class A Certificates with respect to such Distribution Date pursuant to Section 4.02(e) and (iii) the interest portion of any Realized Losses (other than Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) allocated to the Class A Certificates on or after the Cross-Over Date pursuant to Section 4.02(e). The Class A-PO Certificates have no Interest Accrual Amount. As to any Distribution Date and any Class of Class B Certificates, an amount equal to (i) the product of 1/12th of the Class B Pass-Through Rate and the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (ii) the Class B Interest Percentage of such Class of (x) any Non-Supported Interest Shortfall allocated to the Class B Certificates with respect to such Distribution Date and (y) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class B Certificates with respect to such Distribution Date pursuant to Section 4.02(e).

  • Current Rate means the applicable basic minimum wage rate for Local Workers by reason of any National or State Statute or Ordinance, prevailing on any date subsequent to the date 28 days prior to the latest date set for submission of Tenders.

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Accrual Yield means the rate specified as such in the applicable Final Terms; and

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period: