Maximum Loan Rate definition

Maximum Loan Rate. With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.
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Maximum Loan Rate. With respect to each Mortgage Loan, the maximum loan rate thereon specified in the related Loan Agreement.
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Maximum Loan Rate. With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
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Examples of Maximum Loan Rate in a sentence

  • Over the term of any such Mortgage Loan, the Loan Rate may not exceed the related Maximum Loan Rate, if any.

  • Maximum Loan Rates for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to-Value Maximum Loan Rate (%) Outstanding Loans Outstanding Balance Rate (months) Score Ratio -------------------------- ----------- ----- ----------- ------- ---- -------- ----- ----- 9.250....................

  • Maximum Loan Rates for the Group 2 Mortgage Loans Percent of Weighted Weighted Aggregate Number Aggregate Average Average Average Principal of Principal Current Gross Remaining Balance Mortgage Balance Principal Mortgage Term Maximum Loan Rate (%) Outstanding Loans Outstanding Balance Rate (months) ----------------------------- ---------------- -------- ----------- ------------ -------- --------- 6.000.......................

  • Maximum Loan Rates of the Group I HELOCs(1)11.001 - 12.000 33 $ 2,683,852.96 0.66 % 17.001 - 18.000 11,704 403,332,056.62 99.34 Total 11,737 $ 406,015,909.58 100.00 % ___________________(1) The weighted average Maximum Loan Rate of the Group I HELOCs as of the Cut-off Date was approximately 17.960% per annum.

  • Rodu and Plurphanswat, “Mortality among Male Cigar and Cigarette Smokers in the USA.”of relative risk of cigar smoking from the Rodu paper (HR 1 to 1.1).

  • On the first Adjustment Date and on each Adjustment Date thereafter the Loan Rate on each Mortgage Loan will be adjusted to equal the sum of the Index and the related Cross Margin, generally rounded to the nearest multiple of 0.125%, subject to the periodic Rate Cap, the Maximum Loan Rate and the Minimum Loan Rate applicable to such Mortgage Loan.

  • Maximum Loan Rates Percent of Initial Subgroup 2 Number of Cut-Off Date HELOCs by Maximum Loan Rates Initial Balance Cut-Off Date (%) Subgroup 2 Balance HELOCs 14.001% to 15.000% 1 $45,282.85 0.26% 15.001% to 16.000% 1 90,499.65 0.51% 17.001% to 18.000% 76 5,551,525.84 31.49% 18.001% to 19.000% 120 11,939,569.67 67.74% Total 198 $17,626,878.01 100.00% The weighted average Maximum Loan Rate of the Initial Subgroup 2 HELOCs as of the Cut-Off Date is approximately 18.32%.

  • For purposes of calculating the weighted average Maximum Loan Rate, uncapped HELOCs were excluded.

  • Maximum Loan Rates of the HELOCs(1)10.001 - 11.000 1 $ 65,000.00 0.01 % 11.001 - 12.000 49 6,412,235.54 0.51 17.001 - 18.000 21,811 1,245,251,490.14 99.48 Total 21,861 $ 1,251,728,725.68 100.00 % ___________________(1) The weighted average Maximum Loan Rate of the HELOCs as of the Cut-off Date was approximately 17.969% per annum.

  • Maximum Loan Rates Percent of Initial Subgroup 1 Number of Cut-Off Date HELOCs by Maximum Loan Rates Initial Balance Cut-Off Date (%) Subgroup 1 Balance HELOCs 14.001% to 15.000% 134 $2,566,007.77 1.52% 15.001% to 16.000% 105 2,386,049.11 1.42% 17.001% to 18.000% 1,646 34,544,278.83 20.53% 18.001% to 19.000% 5,356 128,798,970.58 76.53% Total 7,241 $168,295,306.29 100.00% The weighted average Maximum Loan Rate of the Initial Subgroup 1 HELOCs as of the Cut-Off Date is approximately 18.31%.


More Definitions of Maximum Loan Rate

Maximum Loan Rate. With respect to each HELOC, the maximum loan rate thereon specified in the related Loan Agreement.
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Maximum Loan Rate. With respect to each Adjustable-Rate Mortgage Loan, either (i) the percentage set forth in the related Mortgage Note as the maximum Mortgage Interest Rate thereunder or (ii) with respect to any Bank of America Mortgage Loan, the related Lifetime Rate Cap.
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Maximum Loan Rate. As to any Mortgage Loan the lesser of the maximum rate permitted by law and the highest rate at which interest can accrue pursuant to the terms of the related Loan Agreement.
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Related to Maximum Loan Rate

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Maximum Advance Rate means 80.0%.

  • Maximum Stock Loan Rate As provided in Annex A to this Confirmation.

  • Net Loan Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the then applicable Loan Rate for such Mortgage Loan minus the related Servicing Fee Rate and the Master Servicing Fee Rate.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Maximum Revolver Amount means $25,000,000.

  • Maximum Mortgage Rate With respect to each Adjustable Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Mortgage Rate thereunder.

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Maximum Lawful Rate has the meaning set forth in Section 2.7.

  • Maximum Term Loan Amount means Two Hundred Million and No/100 Dollars ($200,000,000).

  • Revolving Interest Rate means, with respect to Revolving Advances, an interest rate per annum equal to (a) the lesser of (i) the sum of the Alternate Base Rate plus the Applicable Revolving Domestic Rate Margin and (ii) the Maximum Rate, with respect to Domestic Rate Loans, and (b) the lesser of (i) the sum of the Eurodollar Rate plus the Applicable Revolving Eurodollar Rate Margin and (ii) the Maximum Rate, with respect to the Eurodollar Rate Loans.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Cap Rate For any Distribution Date with respect to the Group I Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans minus an amount, expressed as a percentage, equal to the Net Swap Payment and Swap Termination Payment, if any (other than termination payments resulting from a Swap Provider Trigger Event), due from the Trust for such Distribution Date, multiplied by 12, weighted on the basis of the outstanding Stated Principal Balances of the Group I Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Group II Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group II Mortgage Loans minus an amount, expressed as a percentage, equal to the Net Swap Payment and Swap Termination Payment, if any (other than termination payments resulting from a Swap Provider Trigger Event), due from the Trust for such Distribution Date, multiplied by 12, weighted on the basis of the outstanding Stated Principal Balances of the Group II Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Mezzanine Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average (weighted on the basis of the results of subtracting from the aggregate Stated Principal Balance of the applicable Loan Group, the current Certificate Principal Balance of the related Class A Certificates) of the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans and the Group II Mortgage Loans, in each case, weighted on the basis of the outstanding Stated Principal Balances of the related Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Maximum Swingline Amount means $5,000,000.

  • Maximum Revolving Amount means $10,000,000.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Maximum Lifetime Mortgage Rate The maximum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.