Examples of Minimum Mortgage Rate in a sentence
In connection with any such assumption, no material term of the Mortgage Note (including, but not limited to, the Mortgage Rate, the amount of the Scheduled Payment, the Maximum Mortgage Rate, the Minimum Mortgage Rate, the Gross Margin, the Initial Periodic Rate Cap, the Subsequent Periodic Rate Cap, the Adjustment Date and any other term affecting the amount or timing of payment on the Mortgage Loan) may be changed.
In these circumstances, it seems to me that we should not at this stage of the litigation engage, as the judge did, with the possible artificiality of the exercise of assessing a fee for the notional release of the right.27 It is sufficient to say that I do not think the judge was justified in relying on Patten J’s judgment in Murray, when that judge’s 23 Leaving to one side for a moment the debate about whether user damages themselves are actually to be regarded as compensatory.
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Each Mortgage Rate on each Group II Mortgage Loan will not exceed a specified maximum Mortgage Rate over the life of such Mortgage Loan (the "Maximum Mortgage Rate") or be less than a specified minimum Mortgage Rate over the life of such Mortgage Loan (the "Minimum Mortgage Rate").
In addition, the existence of the applicable Periodic Rate Cap, Maximum Mortgage Rate and Minimum Mortgage Rate on the Group II Mortgage Loans may affect the likelihood of prepayments resulting from refinancings.