Current Accrual Rate definition

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.
Current Accrual Rate means, with respect to any Payment Date and Reference

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.

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.

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.