Expense Rate definition
Expense Rate. As to each Mortgage Loan, the sum of the Master Servicing Fee Rate and the Trustee Fee Rate.
Expense Rate means, as of any date of determination, with respect to the Series 2020-VF1 Notes, the percentage equivalent of a fraction, (i) the numerator of which equals the sum of (1) the product of the Series Allocation Percentage for such Series multiplied by (1) the aggregate amount of Fees due and payable by the Issuer on the next succeeding Payment Date plus (2) the product of the Series Allocation Percentage for such Series multiplied by any expenses payable or reimbursable by the Issuer on the next succeeding Payment Date, up to the applicable Expense Limit, if any, prior to any payments to the Noteholders of the Series 2020-VF1 Notes, pursuant to the terms and provisions of this Indenture Supplement, the Base Indenture or any other Transaction Document that have been invoiced to the Indenture Trustee and the Administrator, plus (3) the aggregate amount of related Series Fees payable by the Issuer on the next succeeding Payment Date and (ii) the denominator of which equals the sum of the outstanding Note Balances of all Series 2020-VF1 Notes at the close of business on such date.
Expense Rate means, as of any date of determination, with respect to the Series 2013-VF1 Notes, the percentage equivalent of a fraction, (i) the numerator of which equals the sum of (1) the product of the Series Allocation Percentage for such Series multiplied by the aggregate amount of Fees due and payable by the Issuer on the next succeeding Payment Date plus (2) the product of the Series Allocation Percentage for such Series multiplied by any expenses payable or reimbursable by the Issuer on the next succeeding Payment Date, up to the applicable Expense Limit, if any, prior to any payments to the Noteholders of the Series 2013-VF1 Notes, pursuant to the terms and provisions of this Indenture Supplement, the Base Indenture or any other Transaction Document that have been invoiced to the Indenture Trustee and the Administrator, plus (3) the aggregate amount of related Series Fees payable by the Issuer on the next succeeding Payment Date and (ii) the denominator of which equals the sum of the outstanding Note Balances of all Series 2013-VF1 Notes at the close of business on such date.
Examples of Expense Rate in a sentence
Expense Rate ------------ As to each Loan, the sum of (a) the Servicing Fee Rate and (b) the Trustee Fee Rate.
As to each Loan, and at any time, the per annum rate equal to the Mortgage Rate less the related Expense Rate.
Expense Rate ------------ As to each Loan, the sum of (a) the Servicing Fee Rate, (b) the Trustee Fee Rate and (c) with respect to each Covered Loan only, the MGIC Premium Rate.
The Ceding Company will pay the Reinsurer Interest on the Unamortized Ceding Commission at the end of each Accounting Period, subsequent to the initial Accounting Period, equal to the Unamortized Ceding Commission at the end of the preceding Accounting Period determined in accordance with Paragraph 2 above, times the Interest Expense Rate described in Article II, Paragraph 5.
Based on the actual cost, interest, and effluent information, the City will recalculate the Capital Expense Rate for the prior fiscal year.
More Definitions of Expense Rate
Expense Rate means, as of any date of determination, with respect to the Series 2012-VF2 Notes, the percentage equivalent of a fraction, (i) the numerator of which equals the sum of (1) the product of the related Series Allocation Percentage for the Interim Payment Date or Payment Date immediately preceding such date multiplied by the aggregate amount of Fees due and payable by the Issuer on the next succeeding Payment Date plus (2) the product of the related Series Allocation Percentage for the Interim Payment Date or Payment Date immediately preceding such date multiplied by any expenses payable or reimbursable by the Issuer on the next succeeding Payment Date, up to the applicable Expense Limit, if any, prior to payments to the Holders of the Series 2012-VF2 Notes, pursuant to the terms and provisions of this Indenture Supplement, the Base Indenture or any other Transaction Document that have been invoiced to the Indenture Trustee and the Administrator, plus (3) the aggregate amount of related Series Fees payable by the Issuer on the next succeeding Payment Date and (ii) the denominator of which equals the sum of the outstanding Note Balances of all Series 2012-VF2 Notes at the close of business on such date; provided, that, with respect to the first calculation of “Expense Rate” following the Issuance Date, such calculation shall include a “Series Allocation Percentage” as determined by the Administrator and the Administrative Agent.
Expense Rate means, as of any date of determination, with respect to the Series 2019-VF1 Notes, the percentage equivalent of a fraction, (i) the numerator of which equals the sum of (1) the product of the Series Allocation Percentage for such Series multiplied by the aggregate amount of Fees due and payable by the Issuer on the next succeeding Payment Date plus (2) the product of the Series Allocation Percentage for such Series multiplied by any expenses payable or reimbursable by the Issuer on the next succeeding Payment Date, up to the applicable Expense Limit, if any, prior to any payments to the Noteholders of the Series 2019-VF1 Notes, pursuant to the terms and provisions of this Indenture Supplement, the Base Indenture or any other Transaction Document that have been invoiced to the Indenture Trustee and the Administrator, plus (3) the aggregate amount of related Series Fees payable by the Issuer on the next succeeding Payment Date and (ii) the denominator of which equals the sum of the outstanding Note Balances of all Series 2019-VF1 Notes at the close of business on such date.
Expense Rate. For any Distribution Date and each of the Fixed Rate Group and the Adjustable Rate Group, the sum of the rates at which the Servicing Fee, the Insurance Premium Amount and the Trustee Fee applicable to each of the Fixed Rate Group and the Adjustable Rate Group are calculated.
Expense Rate. As to each Mortgage Loan, the sum of the Master Servicing Fee Rate and the Trustee Fee Rate. FDIC: The Federal Deposit Insurance Corporation, or any successor thereto.
Expense Rate. As to each Mortgage Loan, the sum of the related Servicing Fee Rate and Trustee Fee Rate.
Expense Rate means the annualised percentage equivalent of a fraction (A) the numerator of which is the sum of: (1) the Class A Monthly Required Expense Amount, the Class B Monthly Required Expense Amount and the Class C Monthly Required Expense Amount, each for the related Monthly Period plus (2) an amount equal to the Investor Servicing Fee actually payable and (3) an amount equal to the Investor Trust Cash Management Fee actually payable each with respect to the related Monthly Period and (B) the denominator of which is the Investor Interest as of the Record Date preceding such Transfer Date;
Expense Rate means the expected administrative costs to administer the plan expressed as a percentage of