REMIC Swap Rate. For each Distribution Date (and the related Accrual Period), a per annum rate equal to the product of: (i) the “Rate of Payment (%)” under the Swap Agreement for such Distribution Date, as set forth in Annex D to the Prospectus Supplement, (ii) 2, and (iii) the quotient of (a) the actual number of days in the related Accrual Period divided by (b) 30.
REMIC Swap Rate. For each Distribution Date (and the related Accrual Period), a per annum rate equal to the Fixed Rate under the Swap Agreement for such Distribution Date, as set forth in the Prospectus Supplement.
REMIC Swap Rate. For each Distribution Date (and the related Accrual Period) a per annum rate equal to 10.4%.
Examples of REMIC Swap Rate in a sentence
Type 1 and Type 2 teams will input this report through the Planning Section.
For any Distribution Date, the interest rate on each SWAP REMIC Regular Interest ending with the designation "A" shall be a per annum rate equal to 2 times the Net WAC, subject to a maximum rate of 2 times the REMIC Swap Rate for such Distribution Date.
More Definitions of REMIC Swap Rate
REMIC Swap Rate. For each Swap Payment Date (and the related Accrual Period), a per annum rate equal to the product of: (i) the percentage used to calculate the Fixed Swap Payment for such date and (ii) 2. REO Property: A Mortgaged Property acquired by the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan or otherwise treated as having been acquired pursuant to the REMIC Provisions.
REMIC Swap Rate. For any Distribution Date, a per annum rate equal to the product of (i) the quotient of (a) the actual number of days in the related Accrual Period divided by (b) 30, multiplied by (ii) two, multiplied by (iii) for the Distribution Date listed in column 1 below, the Rate of Payment (%) for such Distribution Date in column 2 below. Distribution Date occurring in: Rate of Payment (%): December 2005 0.0000 January 2006 4.5000 February 2006 4.5700 March 2006 4.6800 April 2006 4.7600 May 2006 4.8200 June 2006 4.8500 July 2006 4.8500 August 2006 4.8600 September 2006 4.8700 October 2006 4.8800 November 2006 4.8700 December 2006 4.9100 January 2007 4.8600 February 2007 4.8400 March 2007 4.8300 April 2007 4.8300 May 2007 4.8300 June 2007 4.8300 July 2007 4.8300 August 2007 4.8400 September 2007 4.8400 October 2007 4.8400 November 2007 4.8500 December 2007 4.8500 January 2008 4.8600 February 2008 4.8700 March 2008 4.8700 April 2008 4.8800 May 2008 4.8900 June 2008 4.8900 July 2008 4.9000 August 2008 4.9000 September 2008 4.9100 October 2008 4.9200 November 2008 4.9200 December 2008 4.9300 January 2009 4.9400 February 2009 4.9400 March 2009 4.9500 April 2009 4.9600 May 2009 4.9700 June 2009 4.9700 July 2009 4.9800 August 2009 4.9900 September 2009 5.0000 October 2009 5.0100 November 2009 5.0200 December 2009 5.0300 January 2010 5.0400 February 2010 5.0500 March 2010 5.0600 April 2010 5.0700 May 2010 5.0700 June 2010 5.0800 July 2010 5.0800 August 2010 5.0800 September 2010 5.0800 October 2010 5.0800 November 2010 5.0800 December 2010 and thereafter 0.0000 REO Property: A Mortgaged Property acquired by the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan or otherwise treated as having been acquired pursuant to the REMIC Provisions.
REMIC Swap Rate. For each Distribution Date (and the related Accrual Period), a per annum rate equal to the rate used to compute the monthly gross amount due to the Swap Counterparty under the Swap Agreement for such Distribution Date (such rate, as described in the Prospectus, being One-Year MTA plus the Swap Fee Rate (as defined in the Prospectus)).
REMIC Swap Rate. For each Swap Payment Date (and the related Accrual Period), a per annum rate equal to 10.383%.
REMIC Swap Rate the product of (i) the sum of (a) the Pass-Through Rate for the Class A-1-1 Certificates immediately prior to such Distribution Date, and (b) 0.06% per annum for any Distribution Date on or prior to the first optional termination date, and 0.12% for any Distribution Date thereafter, and (ii) 2.
REMIC Swap Rate. A per annum rate equal to the product of: (i)(a) for the first 24 Distribution Dates (and the related Accrual Periods), 4.00%, for the 25th through and inclusive of the 36th Distribution Dates (and the related Accrual Periods), 8.00%, (c) for the 37th through and inclusive of the 60th Distribution Dates (and the related Accrual Periods), 8.50%, and (c) for each Distribution Date (and the related Accrual Period thereafter, 0.00%; multiplied by the quotient of (a) the actual number of days in the related Accrual Period divided by (b) 30.