MORTGAGE BASIS definition
MORTGAGE BASIS means in respect of each DSR LOC Term Loan, an amortization schedule which, taking into account the interest rate applicable to such DSR LOC Term Loan determined in accordance with Section 2.7(e) and assuming payments are made on Interest Payment Dates, results in levelized payment of the principal of and interest on such DSR LOC Term Loan to and including the DSR LOC Term Loan Required Payment Date applicable thereto.
MORTGAGE BASIS means in respect of each Reserve Bond, an amortization schedule which, taking into account the interest rate applicable to such Reserve Bond determined in accordance with Section 2.7(f) and assuming payments are made on Interest Payment Dates, results in levelized payment of the principal of and interest on such Reserve Bond to and including the maturity date applicable to such Reserve Bond determined in accordance with Section 2.7(f).
MORTGAGE BASIS means in respect of each DSR Term Loan, an amortization schedule which, taking into account the interest rate applicable to such DSR Term Loan determined in accordance with Section 2.7(e) and assuming payments are made on Interest Payment Dates, results in levelized payment of the principal of and interest on such DSR Term Loan to and including the DSR Term Loan Required Payment Date applicable thereto.
More Definitions of MORTGAGE BASIS
MORTGAGE BASIS means in respect of each PPA Term Loan, an amortization schedule which, taking into account the interest rate applicable to such PPA Term Loan determined in accordance with Section 2.7(d) and assuming payments are made on Interest Payment Dates, results in levelized payment of the principal of and interest on such PPA Term Loan to and including the PPA Term Loan Required Payment Date applicable thereto.