Fixed Rate Ratio definition
Fixed Rate Ratio means, in respect of a Calculation Period, the Average Fixed Rate Loan Balance divided by the Average Loan Balance. FIXED RATE SPREAD means 0.42 per cent. per annum.
Fixed Rate Ratio means, in respect of a Swap Determination Period, the Average Fixed Rate Mortgage Loan Balance divided by the Average Mortgage Loan Balance. Fixed Rate Spread means 0.00% per annum or such other percentage amount as Party A may notify to Party B and the Note Trustee in writing from time to time in accordance with paragraph 6 of this Confirmation.
Fixed Rate Ratio means, in respect of a Calculation Period, the Average Fixed Rate Loan Balance divided by the Average Loan Balance.
More Definitions of Fixed Rate Ratio
Fixed Rate Ratio means, in respect of a Swap Determination Period, the Average Fixed Rate Mortgage Loan Balance divided by the Average Mortgage Loan Balance.
Fixed Rate Ratio means, in respect of a Calculation Period or a particular date, the Relevant Average Fixed Rate Loan Balance divided by the Average Loan Balance, in each case, for such Calculation Period or date (as applicable).
Fixed Rate Ratio means in respect of a Portfolio Calculation Period, the Average Fixed Rate Loan Balance divided by the Average Loan Balance. ''Portfolio'' means, at any time, the Loans that, at such time, have been acquired by Party B from the Seller pursuant to the Mortgage Sale Agreement, but excluding Loans which have been redeemed in full or repurchased by the Seller or otherwise sold by Party B. ''Portfolio Calculation Period'' has the meaning given to it in the Transactions other than the Transaction constituted by this Credit Support Annex.
Fixed Rate Ratio means, (i) in respect of a Swap Determination Period, the Average Fixed Rate Mortgage Loan Balance divided by the Average Mortgage Loan Balance, and (ii) in respect of a Further Issue Determination Period, the Further Issue Average Fixed Rate Mortgage Loan Balance divided by the Further Issue Average Mortgage Loan Balance. Fixed Rate Spread means 0.21 per cent. per annum or such other percentage amount as Party A may notify to Party B and the Funding 2 Security Trustee in writing from time to time in accordance with paragraph 4 of this Confirmation.
Fixed Rate Ratio has the meaning given to it in the Current Issuer Basis Rate Swap Agreement;