Maximum Net Mortgage Rate definition

Maximum Net Mortgage Rate. As to any Mortgage Loan and any date of determination, the Maximum Mortgage Rate for such Mortgage Loan minus the per annum rate at which the Servicing Fee is calculated.
Maximum Net Mortgage Rate. With respect to any adjustable rate Mortgage Loan and any date of determination, the Maximum Mortgage Rate minus the sum of (i) the Subservicing Fee Rate and (ii) the Servicing Fee Rate. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
Maximum Net Mortgage Rate. As to any Mortgage Loan and any date of determination, the Maximum Mortgage Rate minus the Expense Fee Rate. Mortgage Loan Schedule: The list or lists of the Mortgage Loans attached hereto as Exhibit One ( and as amended from time to time to reflect the addition of Qualified Substitute Mortgage Loans), which list or lists shall set forth the following information as to each Mortgage Loan:

More Definitions of Maximum Net Mortgage Rate

Maximum Net Mortgage Rate. With respect to any adjustable-rate Mortgage Loan and any date of determination, the Maximum Mortgage Rate minus the Expense Fee Rate. With respect to any fixed-rate Mortgage Loan and any date of determination, the Net Mortgage Rate.
Maximum Net Mortgage Rate. With respect to any Group II Loan and any date of determination, the Maximum Mortgage Rate minus the Expense Fee Rate. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
Maximum Net Mortgage Rate. As to any Group II Loan and any date of determination, the Maximum Mortgage Rate minus the sum of (i) the rate at which the related Subservicing Fee accrues and (ii) the Servicing Fee Rate.
Maximum Net Mortgage Rate. As to any Group II Loan and any date of determination, the Maximum Mortgage Rate minus the sum of (i) the Subservicing Fee Rate, (ii) the Servicing Fee Rate and (iii) the Certificate Insurer Premium Modified Rate as of such date. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
Maximum Net Mortgage Rate. As to any adjustable-rate Mortgage Loan and any date of determination, the Maximum Mortgage Rate minus the sum of the per annum rate at which the Subservicing Fee accrues and the Servicing Fee Rate. With respect to any fixed-rate Mortgage Loan and any date of determination, the Net Mortgage Rate. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
Maximum Net Mortgage Rate. With respect to each Mortgage Loan, the Maximum Mortgage Rate for such Mortgage Loan, minus the Expense Fee Rate for such Mortgage Loan.
Maximum Net Mortgage Rate. With respect to any adjustable rate Mortgage Loan and any date of determination, the Maximum Mortgage Rate minus the sum of (i) the Subservicing Fee Rate, (ii) the Servicing Fee Rate and (iii) the Certificate Insurer Premium Modified Rate as of such date.