Present Value Factor definition
Present Value Factor the factor that discounts to present value the costs resulting to Lender from the difference in interest rates during the months remaining in the Yield Maintenance Period, using the Assumed Reinvestment Rate as the discount rate, with monthly compounding, expressed numerically as follows: n = the number of months remaining in Yield Maintenance Period; provided, however, if a prepayment occurs on an Installment Due Date, then the number of months remaining in the Yield Maintenance Period will be calculated beginning with the month in which such prepayment occurs and if such prepayment occurs on a Business Day other than an Installment Due Date, then the number of months remaining in the Yield Maintenance Period will be calculated beginning with the month immediately following the date of such prepayment. ARR = Assumed Reinvestment Rate
Present Value Factor the factor that discounts to present value the costs resulting to Lender from the difference in interest rates during the months remaining in the Yield Maintenance Period, using the Assumed Reinvestment Rate as the discount rate, with monthly compounding, expressed numerically as follows:
Present Value Factor the factor that discounts to present value the costs resulting to Lender from the difference in interest rates during the months remaining in the Yield Maintenance Period, using the Assumed Reinvestment Rate as the discount rate, with monthly compounding, expressed numerically as follows: [OBJECT OMITTED] N = number of months remaining in Yield Maintenance Period ARR = Assumed Reinvestment Rate
Examples of Present Value Factor in a sentence
If the Assumed Reinvestment Rate is a positive number or a negative number, Lender will calculate the prepayment premium using such positive number or negative number, as appropriate, as the Assumed Reinvestment Rate in 10(f)(i)(B)(2) and in the calculation of the Present Value Factor.
If the Assumed Reinvestment Rate is a positive number or a negative number, Holder will calculate the prepayment premium using such positive number or negative number, as appropriate, as the Assumed Reinvestment Rate in 10(c)(i)(B)(2) and in the calculation of the Present Value Factor.
More Definitions of Present Value Factor
Present Value Factor means, in respect of an annual pension amount, the present value for $1.00 of such pension determined on an actuarial basis that is consistent with the basis that applicable to the calculation of a Commuted Value in respect of the Member, using the methods and assumptions adopted by the Company, subject to the Act and the Income Tax Rules.
Present Value Factor the factor that discounts to present value the costs resulting to Lender from the difference in interest rates during the months remaining between the date of prepayment and the Open Prepayment Date, using the Assumed Reinvestment Rate as the discount rate, with monthly compounding, expressed numerically as follows: n = number of months remaining between the date of prepayment and the Open Prepayment Date ARR = Assumed Reinvestment Rate
Present Value Factor means: Where n = the nth Payment Date; for example, if the Loan is prepaid on the first Payment Date, the Spread Maintenance Payment would be the Spread Payment times the Present Value Factor for each of the remaining Payment Dates in the Spread Maintenance Period beginning with n =2.
Present Value Factor is the following factor: n 1 - 1 ----------- 1 + ARR ------------------ ARR Where: n = number of months remaining until the 15th anniversary of the Closing Date. ARR (Assumed Reinvestment Rate) = one-twelfth (1/12) of the yield rate as of the date 5 Business Days before the prepayment date, on the 9.25% U.S. treasury security due February 1, 2016, as reported in The Wall Street Journal, expressed as a decimal calculated to five digits. In the event that no yield is published on the applicable date for the treasury security used to determine the Assumed Reinvestment Rate, the Servicer, in its discretion, shall select the non-callable treasury security maturing in the same year as the treasury security specified above with the lowest yield published in The Wall Street Journal as of the applicable date. If the publication of such yield rates in The Wall Street Journal is discontinued for any reason, the Servicer shall select a security with a comparable rate and term to the treasury security used to determine the Assumed Reinvestment Rate. The selection of an alternate security pursuant to this paragraph shall be made in ▇▇▇▇▇▇▇ Mac's discretion.
Present Value Factor the factor that discounts to present value the costs resulting to Lender from the difference in the Yield Rate at Rate-Lock and the Yield Rate at Breakage calculated using the following formula:
Present Value Factor. Notwithstanding any other provision of this Section 10, no prepayment premium will be payable with respect to any of the following: (i) Any prepayment made during the Window Period.
Present Value Factor the factor that discounts to present value the costs resulting to Lender from the difference in interest rates during the months remaining in the Yield Maintenance Period, using the Assumed Reinvestment Rate as the discount rate, with monthly compounding, expressed numerically as follows: [1(1/(1+ARR))n]/ARR N = number of months remaining in Yield Maintenance Period ARR = Assumed Reinvestment Rate (b) If the prepayment is made after the expiration of the Yield Maintenance Period but more than ninety (90) days before the Maturity Date, the prepayment premium shall be 1.0% of the unpaid principal balance of this Note. SCHEDULE B MODIFICATIONS TO MULTIFAMILY NOTE The foregoing Multifamily Note is hereby modified in the following respects: