REVISED MONTHLY definition
REVISED MONTHLY. AMOUNT shall have the meaning provided in Section 3(a)(iii). TREASURY RATE shall mean, as of any Payment Date, the yield, calculated by linear interpolation (rounded to the nearest one-thousandth of one percent) of the yields of non-callable United States Treasury obligations with a term of ten (10) years from such Payment Date (and converted to a monthly equivalent yield), as determined by Lender on the basis of Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Governmental Security/Treasury Constant Maturities or, if such publication is unavailable, such other recognized source of financial market information as shall be selected by Lender for the week prior to such Payment Date. YIELD MAINTENANCE PREMIUM shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the date which is three (3) months prior to the Anticipated Repayment Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid.
Examples of REVISED MONTHLY in a sentence
ALL PRIOR MONTHS' DATA MUST BE UPDATED TO REFLECT EACH REPORTED MONTH ON AN INCURRED BASIS, INCLUDING REVISED MONTHLY IBNR ESTIMATES." Member months data must also be updated in accordance with information provided by the enrollment broker.