Net Interest Rate definition

Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.
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Net Interest Rate means, with respect to any Note, the related Interest Rate, less the applicable Primary Servicing Fee Rate.
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Net Interest Rate. As to any Payment Date, the annualized percentage derived from the fraction (which shall not be greater than 1), the numerator of which is the positive difference, if any, between (x) the amount of all interest due on the Home Loans during the related Due Period and (y) the Interest Reduction Amount and the denominator of which is the aggregate principal amount of the Notes immediately prior to such Payment Date.
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Examples of Net Interest Rate in a sentence

  • Net Interest Rate - means interest at the contract rate stated in the Covered Loan (or as otherwise subject to Modification in accordance with the Servicing Guide, as provided in Article III.(c) (Representations and Warranties of the Insured)), less the greater of (i) thirty- five hundredths of one percent (0.35%) or (ii) the actual Servicing Fee for the Covered Loan.

  • You can email us at our customer service email address as shown on our websites to obtain the then current Net Interest Rate and the frequency of calculation.

  • We reserve the right to calculate and update the Net Interest Rate (and the resulting rates payable under the Program) more or less frequently without further notice.

  • Generally, the Net Interest Rate is determined during a month, using the weighted average blended rate as of the end of the preceding month, and is then made applicable for the next succeeding month.

  • Hazzard, M.D.ProfessorDepartment of MedicineDivision of Gerontology and Geriatric MedicineUniversity of WashingtonChief, Geriatrics and Extended Care VA Puget Sound Health Care System Seattle, Washington Douglas B.

  • The Owner’s Net Interest Rate is available at https://www.wexinc.com/wex-custodian-services/.

  • As an example, the interest rate to be paid on that amount in XXXX.XXXX would be 0.20% (20 basis points) when the Net Interest Rate equals 1% and .90% (90 basis points) when the Net Interest Rate equals 2%, using the Formula.

  • By influencing the level of the interest rates and the shape of the interest rate curve, the ECB impacts in an important way the Net Interest Rate Margin (“NIM”) of commercial banks, like Belfius Bank.

  • See Requesting Net Interest Rate of Zero on Overlapping Tax Underpayments and Overpayments, later, for more information.Refund of excess social security, Medicare, or RRTA tax.

  • How To Request a Net Interest Rate of ZeroYou can request a net interest rate of zero by writing on top of Form 843 “Request for Net Interest Rate of Zero under Rev.


More Definitions of Net Interest Rate

Net Interest Rate means, with respect to Note X-0, Xxxx X-0 and Note B, the Note A-1 Interest Rate, Note A-2 Interest Rate and the Note B Interest Rate, respectively, minus the Servicing Fee Rate.
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Net Interest Rate means, with respect to Note A and Note B, the Note A Net Interest Rate and the Note B Net Interest Rate, respectively.
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Net Interest Rate. The expected net interest rate for a block of business is determined by subtracting from the gross rate charges for investment expenses and risks. Charges for investment expenses cover the cost of investment expenses (including transaction costs) per the Services Agreement described in Numbered Paragraph 3 of this agreement. Charges for risk should take into consideration the default and option risks (as agreed upon) relating to the portfolio assets underlying the block of business. An example is shown in the following Table 2:
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Net Interest Rate. As the Net Interest Rate exceeds the sum of
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Net Interest Rate. With respect to a Mortgage Loan (other than a Discount Participation Interest), (a) for a Fixed-Rate Mortgage Loan on any date, the Pass-Through Rate of the related Trust; (b) for an Adjustable-Rate Mortgage Loan on the initial date of determination, the rate specified as such in the related Issue Supplement; and (c)
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Related to Net Interest Rate

  • Applicable Interest Rate means (i) with respect to any Fixed Rate Indebtedness, the fixed interest rate applicable to such Fixed Rate Indebtedness at the time in question, and (ii) with respect to any Floating Rate Indebtedness, either (x) the rate at which the interest rate applicable to such Floating Rate Indebtedness is actually capped (or fixed pursuant to an interest rate hedging device), at the time of calculation, if Borrower has entered into an interest rate cap agreement or other interest rate hedging device with respect thereto or (y) if Borrower has not entered into an interest rate cap agreement or other interest rate hedging device with respect to such Floating Rate Indebtedness, the greater of (A) the rate at which the interest rate applicable to such Floating Rate Indebtedness could be fixed for the remaining term of such Floating Rate Indebtedness, at the time of calculation, by Borrower’s entering into any unsecured interest rate hedging device either not requiring an upfront payment or if requiring an upfront payment, such upfront payment shall be amortized over the term of such device and included in the calculation of the interest rate (or, if such rate is incapable of being fixed by entering into an unsecured interest rate hedging device at the time of calculation, a fixed rate equivalent reasonably determined by Administrative Agent) or (B) the floating rate applicable to such Floating Rate Indebtedness at the time in question.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Capped Interest Rate is defined in the Note, if applicable.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

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

  • Settlement Interest Rate means, for the first calendar quarter or portion thereof during which interest accrues, the rate determined by the Receiver to be equal to the equivalent coupon issue yield on twenty-six (26)-week United States Treasury Bills in effect as of Bank Closing as published in The Wall Street Journal; provided, that if no such equivalent coupon issue yield is available as of Bank Closing, the equivalent coupon issue yield for such Treasury Bills most recently published in The Wall Street Journal prior to Bank Closing shall be used. Thereafter, the rate shall be adjusted to the rate determined by the Receiver to be equal to the equivalent coupon issue yield on such Treasury Bills in effect as of the first day of each succeeding calendar quarter during which interest accrues as published in The Wall Street Journal.

  • Component Interest Rate Not applicable.

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • Then-Current Interest Rate means the most recently published Xxxxxxx Mac survey rate for 30-year fixed-rate loans.

  • Weighted Average Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

  • Interest Rate Cap means a Cap.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its "prime rate." If a Citibank, N.A. prime rate is not available, the applicable prime rate shall be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid. "Contract Price" means the applicable price, expressed in $/MWh for Net Output and Capacity Rights stated in Section 5.1.

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class E Interest Rate means 4.67% per annum (computed on the basis of a 360-day year of twelve 30-day months).