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.
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.

Examples of Maximum Loan Rate in a sentence

  • 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.

  • Also it should be mentioned about the Federal target program «Social development of village until 2013,», approved by the Resolution of the Government of the Russian Federation of December 03, 2002 N 858 95.

  • 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 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 Rate: _______ % -------- 1 Buyer must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Buyer is a dealer, and, in that case, Buyer must own and/or invest on a discretionary basis at least $10,000,000 in securities.

  • 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.

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

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

  • Members may be removed without stated reason only by vote of members confirmed by the next general assemb- ly.

  • 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....................


More Definitions of Maximum Loan Rate

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.
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.
Maximum Loan Rate. With respect to any Mortgage Loan, the maximum loan rate thereon specified in the related Mortgage Note or, in the case of a fixed rate Mortgage Loan, the Loan Rate.

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 one half of one percent (.50%) with respect to the Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus two and one quarter of one percent (2.25%) with respect to Eurodollar Rate Loans.

  • Loan Rate With respect to each Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan from time to time in accordance with the provisions of the related Mortgage Note.

  • 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 $40,000,000, plus any increases in accordance with Section 2.24.

  • Maximum Revolving Loan Amount has the meaning assigned to that term in subsection 2.1(B).

  • Maximum Revolving Credit Amount means, at any particular time, the Revolving Credit Commitments at such time.

  • 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 be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Maximum Revolver Amount means $50,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

  • 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 Forty Million and No/100 Dollars ($40,000,000).

  • Revolving Interest 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.

  • 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 and the Class A Certificates and the Mezzanine Certificates, a per annum rate equal to the product of (x) the weighted average of the Expense Adjusted Maximum Mortgage Rates of the Mortgage Loans, weighted based on their Principal Balances as of the first day of the related Due 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.

  • 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 At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • 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.