Rate Floor definition

Rate Floor. The minimum per annum Mortgage Interest Rate permitted under the related Mortgage Note. Rating Agency: Initially, each of S&P and ▇▇▇▇▇’▇ and thereafter, each nationally recognized statistical rating organization that has rated the Certificates at the request of the Company, or their respective successors in interest. Ratings: As of any date of determination, the ratings, if any, of the Certificates as assigned by the applicable Rating Agencies.

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Rate Floor means, for each Facility and each Class and Type, the applicable rate floor set forth on the Facilities Schedule for such Facility.

Rate Floor. The minimum per annum Mortgage Interest Rate permitted under the related Mortgage Note.

Examples of Rate Floor in a sentence

• The Mortgage Interest Rate as well as, in the case of an Adjustable Rate Mortgage Loan, the Lifetime Rate Cap and the Periodic Rate Cap and the Periodic Rate Floor are as set forth on the related Mortgage Loan Schedule.

• Adjustable Rate Mortgages (ARMs) Numeric – Decimal 0.125 9.999999 ARMs Only >= 0 and <= 1 =1 if no ceiling specified 52 Lifetime Minimum Rate (Floor) The minimum interest rate that can be in effect during the life of the loan.

• The Mortgage Interest Rate as well as, with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap, the Periodic Rate Floor and the Periodic Rate Cap are as set forth on the related Mortgage Loan Schedule.

• The Note Rate as well as, in the case of an Adjustable Rate Mortgage Loan, the Lifetime Rate Cap and the Periodic Rate Cap and the Periodic Rate Floor are as set forth on the related Mortgage Loan Schedule.

• The Mortgage Interest Rate as well as, with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap, the Periodic Rate Floor and the Periodic Rate Cap are as set forth on Exhibit B to each related Assignment and Conveyance Agreement.

More Definitions of Rate Floor

Rate Floor means, for index-based capacity release transactions, the lowest rate specified in the capacity release offer in dollars and cents that is acceptable to Releasing Customer. The Rate Floor may not be less than Egan Hub's minimum reservation rate or zero cents when there is no stated minimum reservation rate.

Rate Floor means a rate that is the greater of:

Rate Floor has the meaning set forth in Section 3.1 of the Loan Agreement.

Rate Floor. The minimum per annum Mortgage Interest Rate permitted under the related Mortgage Note and indicated on the Mortgage Loan Schedule. Rating Agency: Each of Fitch and S&P. If either such organization or a successor is no longer in existence, "Rating Agency" shall be such nationally recognized statistical rating organization, or other comparable Person, as is designated by the Depositor, notice of which designation shall be given to the Trustee, the Servicer and the Securities Administrator. References herein to a given rating or rating category of a Rating Agency shall mean such rating category without giving effect to any modifiers.

Rate Floor means 1.50%.

Rate Floor means 0% per annum.

Rate Floor. With respect to any ARM Loan, the minimum per annum Mortgage Interest Rate, if any, permitted under the related Mortgage Note.