Prepayment Rate definition
Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.
Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date as most recently published in “Statistical Release H.15 (519), Selected Interest Rates,” or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select.
Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date as most recently published in the “Treasury Bonds, Notes and Bills” section in The Wall Street Journal as of such Prepayment Rate Determination Date. If more than one issue of United States Treasury Securities has the same remaining term to the Maturity Date, the “Prepayment Rate” shall be the yield on such United States Treasury Security most recently issued as of the Prepayment Rate Determination Date. The rate so published shall control absent manifest error. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of “Statistical Release H.15 (519), Selected Interest Rates,” or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select.
Examples of Prepayment Rate in a sentence
By 1:00 p.m. (New York City time), on each Payment Date, Guarantor shall deliver to Lender an information sheet indicating the Average Constant Default Rate, the Prepayment Rate, the Recovery Rate and notice of the occurrence of any GCFP Trigger Event and the continuance thereof for the related Collection Periods.
In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 1.76495% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate applicable to the first Accrual Period.
In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 0.43500% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate as of the Closing Date.
In addition, for the purpose of projecting cash flows, the Exchange Administrator shall assume a Constant Prepayment Rate of 10% and a One-Month LIBOR rate of 0.64889% such that the interest projections for each variable rate will be a fixed rate equal to the value of the variable rate as of the Closing Date.
Prepayment Rate The prepayment rate will be a weighted average of the rates experienced over the 48 months immediately preceding the valuation date.
More Definitions of Prepayment Rate
Prepayment Rate. As defined in the Mortgage Loan Agreement.
Prepayment Rate means, as of any Calculation Date, the cumulative ABS rate (calculated according to the Uniform Practices for the Clearance and Settlement of Mortgage-Backed Securities and Other Related Securities of the Public Securities Association) for the most recent three months, calculated using the Principal Balance, APR, original term to maturity and remaining term to maturity of the Receivables as reported in the related Servicer's Certificates.
Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as determined by Lender on the basis of “Statistical Release H.15 (519), Selected Interest Rates,” or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date, the “Prepayment Rate” shall be the yield on such United States Treasury Security most recently issued as of the Prepayment Rate Determination Date. The rate so published shall control absent manifest error.
Prepayment Rate shall have the meaning set forth in the Mortgage Loan Agreement.
Prepayment Rate means [***].
Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date (hereinafter defined) has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the “Treasury Bonds, Notes and Bills” section in The Wall Street Journal as of the date of the related tender of payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the “Prepayment Rate” shall be the yield on the United States Treasury Security most recently issued as of such date. The term “Prepayment Rate Determination Date” shall mean the date which is five (5) Business Days prior to the prepayment date. The rate so published shall control absent manifest error. As used herein, “Business Day” shall mean any day other than Saturday, Sunday or any other day on which bank are required or authorized to close in California.
Prepayment Rate means a rate per gallon of gasoline, rounded to the nearest one-tenth of one cent ($0.001), determined by the department by determining the product of: