Initial LIBOR Rate definition

Initial LIBOR Rate. Not applicable.

Initial LIBOR Rate. With respect to the calculation of the initial Pass-Through Rate for the LIBOR Certificates, 5.32% per annum.

Initial LIBOR Rate. 5.12375%.

Examples of Initial LIBOR Rate in a sentence

• LIBOR for the initial LIBOR Determination Date will be equal to the Initial LIBOR Rate.

• If on any LIBOR Determination Date for a Class of LIBOR Certificates, the Master Servicer is required but is unable to determine the Reserve Interest Rate in the manner provided in the preceding paragraph, LIBOR for the applicable Distribution Date will be LIBOR as determined on the previous LIBOR Determination Date for such Class of LIBOR Certificates, or, in the case of the first LIBOR Determination Date, the Initial LIBOR Rate.

• If on any Rate Determination Date for a Class of LIBOR Certificates, the Trustee is required but is unable to determine the Reserve Interest Rate in the manner provided in the preceding paragraph, LIBOR for the applicable Distribution Date will be LIBOR as determined on the previous Rate Determination Date for such Class of LIBOR Certificates, or, in the case of the first Rate Determination Date, the Initial LIBOR Rate.

• LIBOR: (a) With respect to the first Accrual Period, the Initial LIBOR Rate.

• If on any LIBOR Determination Date the Trust Administrator is required, but is unable, to determine the Reserve Interest Rate in the manner provided in the preceding paragraph, One-Month LIBOR for the next Interest Accrual Period will be One-Month LIBOR as determined on the previous One-Month LIBOR Determination Date or, in the case of the first LIBOR Determination Date, the Initial LIBOR Rate.

More Definitions of Initial LIBOR Rate

Initial LIBOR Rate. With respect to the Class 1-A1 and Class 1-A2 Certificates, 3.94%; and with respect to the Class 4-A3, Class 4-A4, Class 4-A6 and Class 4-A7 Certificates, 4.07%.

Initial LIBOR Rate. 2.33125% per annum.

Initial LIBOR Rate. For the Interest Accrual Period related to the second Distribution Date. 4.85% per annum.

Initial LIBOR Rate. With respect to the Class 1-A-7 and Class 1-A-8 Certificates, 1.85%.

Initial LIBOR Rate. With respect to: (a) the Class 2-A-5 and Class 2-A-6 Certificates, 1.050%, (b) the Class 4-A-2 and Class 4-A-3 Certificates, 1.300%, (c) the Class 4-A-13 and 4-A-14 Certificates, 1.270%, (d) the Class 4-A-15, Class 4-A-16 and Class 4-A-17 Certificates, 1.800%, (e) the Class 4-A-28, Class 4-A-29, Class 4-A-35, Class 4-A-36, Class 4-A-37, Class 4-A-39, Class 4-A-40, Class 4-A-41, Class 4-A-42, Class 4-A-45 and Class 4-A-46 Certificates, 1.030%, (f) the Class 4-A-25, Class 4-A-26 and Class 4-A-27 Certificates, 1.750% and (g) the Class 4-A-30 and Class 4-A-31 Certificates, 1.100%.

Initial LIBOR Rate. With respect to the Floating Rate Certificates, 1.12%.

Initial LIBOR Rate. Not applicable. Initial Net Mortgage Rate: Not applicable. Initial Senior Enhancement Percentage: 5.15%.