Spread Rate definition

Spread Rate has the meaning given to it in the Insurance Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Spread Rate. The annualized rate equal to either (a) as to any Fixed-Rate Mortgage Loan, the Mortgage Interest Rate minus the Net Rate, or (b) as to any Adjustable-Rate Mortgage Loan, the rate specified as such in the related Issue Supplement.

Spread Rate means a percentage equal to Benchmark Rate LevelB minus Benchmark Rate LevelC;

Examples of Spread Rate in a sentence

• Any one or more physical or electronic documents or records (signed or unsigned) made in the ordinary course of identifying Mortgage Loans as being in a Pool that conclusively identify the Mortgage Loans within a Pool and the relevant Pass-Through Rate or Spread Rate will be deemed to be an Issue Supplement for purposes of documenting the establishment of a Trust.

• Spread: With respect to a Mortgage Loan (other than a Discount Participation Interest), an amount calculated as the product of the Spread Rate and the Stated Principal Balance of such Mortgage Loan.

• Each Class C Purchaser's Percentage Interest of the Risk Portion of the Class C Note Principal Balance shall bear interest for each Interest Accrual Period at a rate per annum equal to the sum of the Risk Rate from time to time in effect plus the Loan Spread Rate.

• Each other Class C Purchaser's (other than a CP Conduit's) Percentage Interest of the Covered Portion of the Class C Note Principal Balance shall bear interest for each Interest Accrual Period at a rate per annum equal to the sum of the Alternative Rate plus the Loan Spread Rate.

• If such interim arrangements are not able to confer the economic benefits on Buyer, then Seller shall pay to Buyer the Escrow Spread Rate on the Stipulated Consent Value with respect to such operations until such time as the Non-Mandatory Consent in question is obtained, the Stipulated Consent Value is paid to Buyer or Seller is able to confer such economic benefits on Buyer.

More Definitions of Spread Rate

Spread Rate means 10 years US$-ISDA-Swap Rate minus 2 years US$-ISDA-Swap Rate

Spread Rate. The Spread Rate for each Class of Certificates is as set forth below: Class Spread Rate Class A-CS1..................................... 2.5% Class PS-1...................................... 2.1% Class A-1A...................................... 0.44% Class A-1B...................................... 0.56% Class A-1C...................................... 0.59% Class A-1D...................................... 0.66%

Spread Rate. With respect to each Mortgage Loan, a per annum rate equal to the excess of (a) the Net Mortgage Rate of such Mortgage Loan over (b) 8.00% per annum.

Spread Rate has the meaning given to it in the Adoption Annex.

Spread Rate with respect to any Payment Date and the Insured Notes, means the Excess Spread Percentage minus the Loss Percentage.

Spread Rate. , which means that the relevant amount is determined as the difference between (a) a reference rate (reference rate 1) multiplied by the applicable leverage (multiplier 1) and (b) a reference rate (reference rate 2) multiplied by the applicable leverage (multiplier 2) or (iii) 'combined rate', which means that the relevant amount is determined as the sum of (a) a reference rate (reference rate 1) multiplied by the applicable leverage (multiplier 1) and (b) a reference rate (reference rate 2) multiplied by the applicable leverage (multiplier 2).

Spread Rate means, with respect to each Receivable, a rate equal to the excess, if any, of (i) the APR of such Receivable over (ii) the sum of the Pass-Through Rate plus the Servicing Rate.