Maximum Interest Rate definition

Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.
Maximum Interest Rate means the rate of interest which results in the maximum amount of interest allowed by applicable law.
Maximum Interest Rate. With respect to any Distribution Date, an annual rate equal to: (i) in the case of the Class 1-A1 and Class 1-A2 Certificates, for each Distribution Date on or before the Distribution Date on which the aggregate Class Principal Amount of the Class 2-A, Class 3-A1, Class 3-A2 and Class 3-A3 Certificates have been reduced to zero, an annual rate that would equal the Pool 1 Net Funds Cap for such Distribution Date if the Pool 1 Optimal Interest Remittance Amount were computed by reference to the weighted average of the excess of the maximum “lifetime” Mortgage Rates specified in the related Mortgage Notes for the Pool 1 Mortgage Loans over the Aggregate Expense Rate; (ii) in the case of the Class 2-A Certificates, for each Distribution Date on or before the Distribution Date on which the aggregate Class Principal Amount of the Class 1-A1, Class 1-A2, Class 3-A1, Class 3-A2 and Class 3-A3 Certificates have been reduced to zero, an annual rate that would equal the Pool 2 Net Fund Cap for such Distribution Date if the Pool 2 Optimal Remittance Interest Amount were computed by reference to the weighted average of the excess of the maximum “lifetime” Mortgage Rates specified in the related Mortgage Notes for the Pool 2 Mortgage Loans over the Aggregate Expense Rate; (iii) in the case of the Class 3-A1, Class 3-A2 and Class 3-A3 Certificates, for each Distribution Date on or before the Distribution Date in which the aggregate Class Principal Amount of the Class 1-A1, Class 1-A2 and Class 2-A Certificates have been reduced to zero, an annual rate that would equal the Pool 3 Net Funds Cap for such Distribution Date if the Pool 3 Optimal Interest Remittance Amount were computed by reference to the weighted average of the excess of the maximum “lifetime” Mortgage Rate specified in the related Mortgage Notes for Pool 3 Mortgage Loans over the Aggregate Expense Rate; and (iv) in the case of (A) the Class M1, Class M2, Class M3, Class M4, Class M5 and Class B Certificates, (B) the Class 1-A1 and Class 1-A2 Certificates for each Distribution Date after the Distribution Date on which the aggregate Class Principal Amount of the Class 2-A, Class 3-A1, Class 3-A2 and Class 3-A3 Certificates have been reduced to zero, (C) the Class 2-A Certificates for each Distribution Date after the Distribution Date on which the aggregate Class Principal Amount of the Class 1-A1, Class 1-A2, Class 3-A1, Class 3-A2 and Class 3-A3 Certificates have been reduced to zero, and (b) the Class 3-A1,...

Examples of Maximum Interest Rate in a sentence

  • If the Pricing Supplement specifies a Maximum Interest Rate or Minimum Interest Rate for any Interest Period, then the Interest Rate for the Interest Period must not be greater than the maximum, or be less than the minimum, so specified, as the case may be.

  • If the Applicable Pricing Supplement specifies a Maximum Interest Rate for any Interest Period, then the Interest Rate for such Interest Period shall in no event be greater than such Maximum Interest Rate and/or if it specifies a Minimum Interest Rate for any Interest Period, then the Interest Rate for such Interest Period shall in no event be less than such Minimum Interest Rate.

  • If any Maximum Interest Rate or Minimum Interest Rate is specified in the relevant Final Terms or Drawdown Prospectus, then the Interest Rate shall in no event be greater than the maximum or be less than the minimum so specified, as the case may be.


More Definitions of Maximum Interest Rate

Maximum Interest Rate has the meaning specified in Section 311.
Maximum Interest Rate means, in relation to a Series of Securities, if applicable, such rate as is specified as the Maximum Interest Rate in the Issue Terms.
Maximum Interest Rate has the meaning set forth in Section 2.9(c) hereof.
Maximum Interest Rate shall have the meaning specified in Section 3.13.
Maximum Interest Rate. Minimum Interest Rate: