Loan Index definition

Loan Index. With respect to each Interest Rate Adjustment Date for each adjustable-rate Mortgage Loan that is identified on the Mortgage Loan Schedule as having a LIBOR Loan Index, the average of the interbank offered rate for six-month U.S. dollar denominated deposits in the London Market, as determined according to the terms of the related Note.

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Loan Index. As defined in the Prospectus Supplement.

Loan Index. One-Year LIBOR or CMT .

Examples of Loan Index in a sentence

Each Mortgage Loan bears a fixed interest rate for the term of the Mortgage Loan or an adjustable-interest rate based on the related Loan Index.
Any other amounts payable hereunder (other than the Loans) or the other Loan Documents that are not paid when due shall bear interest, from the date when due until paid in full, at a rate per annum equal to the Index Rate plus the Applicable Term Loan Index Margin plus two percentage points (2%).
Although the Originator and the Seller will have regard to the Loan Index in respect of any proposed reset of any interest rate applicable to any Mortgage Receivable (or part thereof), any proposed interest rate shall always be set subject to, and in accordance with, the applicable Interest Rate Policy and applicable laws, including, without limitation, principles of reasonableness and fairness, competition laws and the Mortgage Conditions.
The Applicable Margins shall be as follows: Applicable Revolver Index Margin 2.75 % Applicable Revolver LIBOR Margin 3.75 % Applicable Term Loan Index Margin 2.75 % Applicable Term Loan LIBOR Margin 3.75 % 1 Borrower to supply account information.
The Loan Index Rate is defined as that certain rate of interest published as the "Prime Rate" in the "Money Rates" column in the Western Edition of the Wall Street Journal.
The Applicable Revolver Index Margin, Applicable Revolver LIBOR Margin, Applicable Term Loan Index Margin, Applicable Term Loan LIBOR Margin, Applicable L/C Margin, and Applicable Unused Line Fee Margin shall be 0.50%, 2.00%, 0.75%, 2.25%, 1.50%, and 0.375% per annum, respectively.
The Applicable Revolver Index Margin, Applicable Term Loan Index Margin, Applicable Revolver LIBOR Margin, Applicable Term Loan LIBOR Margin, Applicable L/C Margin and Applicable Unused Line Fee Margin will be at Level II as reflected in the grid below, respectively, as of the Sixth Amendment Date.
Fee: 0.00% (0 bps) Benchmark: S&P/LSTA Leveraged Loan Index Ticker: EIBLX The fund is invested in the Vanguard Short-Term Inflation-Protected Securities Index Fund and seeks to track the performance of a benchmark index that measures the investment return of inflation-protected public obligations of the U.S. Treasury with remaining maturities of less than 5 years.
As of the Closing Date: Applicable Revolver Index Margin 0.25 % Applicable Revolver LIBOR Margin 1.75 % Applicable Tranche B Loan Index Margin 4.00 % Applicable Tranche B Loan LIBOR Margin 5.50 % Applicable Standby L/C Margin 1.75 % Applicable Documentary L/C Margin 1.50 % Applicable Unused Line Fee Margin 0.375 % Notwithstanding the foregoing the Applicable Unused Line Fee Margin shall be 0.25% at all times on and after June 30, 2006.
As of the Closing Date, the Applicable Revolver Index Margin, Applicable Revolver LIBOR Margin, Applicable Term Loan Index Margin and Applicable Term Loan LIBOR Margin are as follows: PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT.

More Definitions of Loan Index

Loan Index. One-Year LIBOR.

Loan Index. Each of the following: o the rate for one month U.S. dollar deposits in the London interbank offered market ("1-month LIBOR") as published in The Wall Street Journal of the edition specified in the related Mortgage Note on the last business day of the month preceding the month of the applicable Adjustment Date. o the prime rate (the "Prime Rate") reported in the money rates section of The Wall Street Journal as in effect on the day before the applicable Adjustment Date. o the weekly average yield of the secondary market interest rates on six-month negotiable Certificates of Deposit (the "6-month CD Rate") as made available by the Federal Reserve Board in Federal Reserve Statistical Releases H-15 and G-13 as most recently available 45 days before the applicable Adjustment Date. o the rate for six month dollar deposits in the London interbank offered market ("6-month LIBOR") reported in the money rates section of the Tuesday edition of The Wall Street Journal on or immediately preceding the date that is 45 days before the applicable Adjustment Date. o the typical one-month Certificate of Deposit rate (the "1-month CD Rate") in the secondary market as reported in the money rates section of The Wall Street Journal as in effect on the day before the applicable Adjustment Date.