PC Coupon definition

PC Coupon. The per annum fixed or adjustable rate of a PC calculated as described in the Offering Circular or the applicable Pool Supplement, computed on the basis of a 360-day year of twelve 30-day months.
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PC Coupon. The per annum Ñxed or adjustable rate of a PC calculated as described in the OÅering Circular or any applicable Supplement, computed on the basis of a 360-day year of twelve 30-day months. PC Pool: A discrete pool of Mortgages formed by ▇▇▇▇▇▇▇ Mac.
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Examples of PC Coupon in a sentence

  • With respect to each PC Pool, the Holder of a PC on the Record Date shall be the owner of record of a pro rata undivided beneficial ownership interest in the remaining principal balance of the Mortgages in the related PC Pool as of such date and shall be entitled to interest at the PC Coupon on such pro rata undivided beneficial ownership interest, in each case on the related Payment Date.

  • Any such adjustment shall equal the difference between (i) interest at the applicable PC Coupon computed on the aggregate unpaid principal balance of the Mortgages for such month based on monthly principal payments actually received by the Administrator and (ii) interest at the applicable PC Coupon computed on the remaining balance of the Mortgages included in the PC Pool derived from the Pool Factor.

  • With respect to each PC Pool, the Administrator, on behalf of the Trustee, shall withdraw from the Custodial Account and shall distribute to each related Holder its pro rata share of interest collections with respect to the Mortgages included in such PC Pool, at a rate equal to the PC Coupon (excluding, if applicable, each Holder’s pro rata share of any Deferred Interest that has been added to the principal balance of the related Mortgages).

  • The interest payment on the Deferred Interest PC in that month shall be (i) 1/12th of the PC Coupon multiplied by (ii) the original principal balance of the Holder’s PC multiplied by (iii) the preceding month’s Pool Factor minus the preceding month’s Negative Amortization Factor.

  • The interest payment on the Deferred Interest PC in that month shall be (i) 1/12th of the PC Coupon 12 multiplied by (ii) the original principal balance of the Holder’s PC multiplied by (iii) the preceding month’s Pool Factor minus the preceding month’s Negative Amortization Factor.

  • With respect to each PC Pool, the Administrator, on behalf of the Trustee, shall withdraw from the Custodial Account and shall distribute to each related Holder its pro rata share of interest collections with respect to the Mortgages included in such PC Pool, at a rate equal to the PC Coupon.

  • The Holder of a PC on the Record Date will be the owner of record of a pro rata undivided beneficial ownership interest in the remaining principal balance of the related PC Pool as of such date and will be entitled to interest at the PC Coupon on such pro rata undivided beneficial ownership interest, in each case on the related Payment Date.

  • The Holder of a PC on the Record Date will be the owner of record of a pro rata undivided interest in the remaining principal balance of the related PC Pool as of such date and will be entitled to interest at the PC Coupon on such pro rata undivided interest, in each case on the related Payment Date.

  • Any such adjustment will equal the diÅerence between (i) interest at the applicable PC Coupon computed on the aggregate unpaid principal balance of the Mortgages for such month based on monthly principal payments actually received by ▇▇▇▇▇▇▇ Mac and (ii) interest at the applicable PC Coupon computed on the remaining PC Pool balance derived from the Pool Factor.

  • Any such adjustment will equal the difference between (i) interest at the applicable PC Coupon computed on the aggregate unpaid principal balance of the Mortgages for such month based on monthly principal payments actually received by ▇▇▇▇▇▇▇ Mac and (ii) interest at the applicable PC Coupon computed on the remaining PC Pool balance derived from the Pool Factor.

Related to PC Coupon

  • Zero Coupon Note means a Note specified as such in the relevant Final Terms.

  • Coupon means any interest coupon appertaining to a Bearer Security.

  • Zero Coupon Bond Any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in Cash less frequently than semi-annually or (c) pays interest only at its stated maturity.

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

  • Zero Coupon Obligation means a debt security that does not expressly provide for the accrual of interest, and includes the former component parts of a debt security that did expressly provide for the accrual of interest if that component part does not itself expressly provide for the accrual of interest.