Excess Spread Rate means, for the Purchased MSR Excess Spread PC, the rate per annum set forth as such in the Purchased MSR Excess Spread Participation Agreement.

Excess Spread Rate means an annual rate for each Remittance Period equal to the difference between (A) and (B) where (A) equals the Weighted Average Interest Rate for such Remittance Period and where (B) equals the sum of (i) the Note Rate for such Remittance Period, (ii) the Expense Rate for such Remittance Period and (iii) the Expected Loss Rate for such Remittance Period.

Excess Spread Rate means, for any Monthly Period, an amount equal to (a) the weighted average fixed interest rate of all Eligible Receivables as of the beginning of such Monthly Period, minus (b) the product of (x) the average Class A Note Rate for each day in such Monthly Period and (y) 85%, minus (c) 5.00%.

Examples of Excess Spread Rate in a sentence

Accordingly, we (continued...) The Excess Spread Funding requirements for the 2000-A and 2001-A series are based upon the average Excess Spread Rate Percentage, and are calculated as follows: Average Excess Rate Funding Percentage Required Deposit (55) >5.5% 2.0% $12,000,000 <= 5.5% but> 5.0% 4.5% $27,000,000 <= 5.0% but> 4.5% 5.5% $33,000,000 <= 4.5% but> 3.5% 7.0% $42,000,000 <= 3.5% 10.0% $60,000,000 The Excess Spread Funding Trigger is not necessarily a Payout Event.
The portion of the Servicing Fee owing to PMH at the applicable Excess Spread Rate.
This value does not exclude the purchase of the licence if its price was lower than the calculated estimation of the strategic NPV.

More Definitions of Excess Spread Rate

Excess Spread Rate means, for any Monthly Period, an amount equal to (a) all Collections received duringthe weighted average fixed interest rate of all Eligible Receivables as of the beginning of such Monthly Period, minus (b) all principal Collections with respect to Eligible Receivables received duringthe product of (x) the average Class A Note Rate for each day in such Monthly Period and (y) 85%, minus (c) the Facility Costs for such Monthly Period5.00%.

Excess Spread Rate means, as of any date of determination, an amount (expressed as a percentage) equal to (i) the Weighted Average APR of all Eligible Receivables on such date minus (ii) the sum of (a) a rate per annum equal to a fraction (expressed as a percentage), the numerator of which is equal to the aggregate amount of Yield accrued during the most recently ended Remittance Period and the denominator of which shall be equal to the average Facility Amount during such Remittance Period and (b) the Servicing Fee Rate and (c) the Applicable Percentage (as defined in the Fee Letter) for the most recently ended Remittance Period (as determined pursuant to the terms of the Fee Letter).

Excess Spread Rate means, as to any Mortgage Loan, (i) with respect to any Purchased MSR Excess Spread existing as of the date hereof, the excess of the Gross Servicing Fee Rate for such Mortgage Loan (and any related Additional Mortgage Loan, New Mortgage Loan or Modified Loan) over the Transaction Base Servicing Fee Rate for such Mortgage Loan, and (ii) with respect to any Purchased MSR Excess Spread related to any Transaction Portfolio acquired after the date hereof, the excess of the Gross Servicing Fee Rate for such Mortgage Loan over the Base Servicing Fee Rate.

Excess Spread Rate. With respect to any Group II Mortgage Loan and for any Payment Date, the Coupon Rate thereof as of the beginning of the related Remittance Period minus the sum of (i) the rate at which the Master Servicing Fee is calculated, (ii) the rate at which the Trustee's Fees are calculated, (iii) the Class A-6 Pass-Through Rate applicable to such Payment Date and (iv) the product of (A) the related Certificate Insurer Premium Rate and (B) a fraction, the numerator of which is the Class A-6 Principal Balance and the denominator of which is the Group II Pool Principal Balance. With respect to any Group III Mortgage Loan and for any Payment Date, the Coupon Rate thereof as of the beginning of the related Remittance Period minus the sum of (i) the rate at which the Master Servicing Fee is calculated, (ii) the rate at which the Trustee's Fees are calculated, (iii) the Class A-7 Pass-Through Rate applicable to such Payment Date and (iv) the product of (A) the related Certificate Insurer Premium Rate and (B) a fraction, the numerator of which is the Class A-7 Principal Balance and the denominator of which is the Group III Pool Principal Balance.

Excess Spread Rate. As to any Distribution Date, the weighted average of the Mortgage Loan Rates less the sum of (i) the weighted average of the Class A-1 Pass-Through Rate, Class A-2 Pass-Through Rate, Class A-3 Pass-Through Rate, Class A-4 Pass-Through Rate and Class A-5 Pass-Through Rate (based on the outstanding Certificate Principal Balances of each subclass), (ii) the Insurer Premium Rate, and (iii) the Servicing Fee Rate.

Excess Spread Rate. With respect to any Group II Mortgage Loan and for any Distribution Date, the Coupon Rate thereof as of the beginning of the related Interest Remittance Period minus the sum of (i) the rate at which the Master Servicing Fee is calculated, (ii) the rate at which the Trustee's Fees are calculated, (iii) the Class A-2 Pass-Through Rate applicable to such Distribution Date and (iv) the related Certificate Insurer Premium Rate.