Fixed Retained Yield Rate definition

Fixed Retained Yield Rate. With respect to each Mortgage Loan, a per annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (i) 6.500%, (ii) the applicable Servicing Fee Rate and (iii) the Master Servicing Fee Rate.
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Fixed Retained Yield Rate. With respect to each Mortgage Loan, a per annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (i) 6.500%, (ii) the Servicing Fee Rate and (iii) the Master Servicing Fee Rate. FNMA: ▇▇▇▇▇▇ ▇▇▇ or any successor thereto.
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Fixed Retained Yield Rate. With respect to each Mortgage Loan, a per annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate on such Mortgage Loan minus (i) for the Group I Mortgage Loans, the sum of (a) 6.000%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate and (ii) for the Group II Mortgage Loans, the sum of (a) 6.500%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate
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More Definitions of Fixed Retained Yield Rate

Fixed Retained Yield Rate. (i) With respect to each Crossed Group Mortgage Loan, a per annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (a) 6.000%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate, and (ii) With respect to each Group III Mortgage Loan, a per annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (a) 5.500%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate.
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Fixed Retained Yield Rate. Each of the Group 1 Fixed Retained Yield Rate and Group 2 Fixed Retained Yield Rate. FNMA: ▇▇▇▇▇▇ ▇▇▇ or any successor thereto.
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Fixed Retained Yield Rate. The Fixed Retained Yield on a Mortgage Loan expressed as a per annum rate, as set forth in the Mortgage Loan Schedule.
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Fixed Retained Yield Rate. (i) With respect to each Group I Mortgage Loan, a per annum rate equal to the greater of (x) zero and (y) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (a) 6.000%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate; (ii) with respect to each Group II Mortgage Loan, a per annum rate equal to the greater of (x) zero and (y) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (a) 6.250%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate; (iii) With respect to each Group III Mortgage Loan, a per annum rate equal to the greater of (x) zero and (y) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (a) 5.500%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate; and (iv) with respect to each Group IV Mortgage Loan, a per annum rate equal to the greater of (x) zero and (y) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (a) 5.750%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate.
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Fixed Retained Yield Rate. With respect to each Mortgage Loan, a per annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate on such Mortgage Loan minus (i) for the Group I Mortgage Loans, the sum of (a) 7.750%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate or (ii) for the Group II Mortgage Loans, the sum of (a) 7.000%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate. FNMA: ▇▇▇▇▇▇ ▇▇▇ or any successor thereto.
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Related to Fixed Retained Yield Rate

  • Fixed Retained Yield The fixed percentage of interest on each Mortgage Loan with a Mortgage Interest Rate greater than the sum of (a) 6.500%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate, which will be determined on a loan by loan basis and will equal the Mortgage Interest Rate on each Mortgage Loan minus the sum of (a), (b) and (c), which is not assigned to and not part of the Trust Estate.

  • Class X Strip Rate With respect to each Component for any Distribution Date, a rate per annum equal to: (i) the WAC Rate for such Distribution Date, minus (ii) the Pass-Through Rate for the Corresponding Certificates.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Accrual Period With respect to each Payment Date, the period beginning on and including the prior Payment Date (or, in the case of the first Payment Date, the Closing Date) and ending on and including the day preceding such Payment Date.

  • Six-Month LIBOR The average of interbank offered rates for six-month U.S. dollar deposits in the London market based on quotations of major banks.