Variable Rate Ratio definition

Variable Rate Ratio means, in respect of a Calculation Period, the Average Variable Rate Loan Balance divided by the Average Loan Balance.

Variable Rate Ratio means, in respect of a Swap Determination Period, the Average Variable Rate Mortgage Loan Balance divided by the Average Mortgage Loan Balance. Variable Rate Spread means 1.75% per annum or such other percentage amount as Party A may notify to Party B and the Note Trustee in writing from time to time in accordance with paragraph 6 of this Confirmation.

Variable Rate Ratio means, in respect of a Swap Determination Period, the Average Variable Rate Mortgage Loan Balance divided by the Average Mortgage Loan Balance.

Examples of Variable Rate Ratio in a sentence

• Variable Rate Ratio means, in respect of a Calculation Period, the Relevant Variable Rate Loan Balance divided by the Loan Balance.

• Variable Rate Ratio means, in respect of a Calculation Period, the Relevant Variable Rate Loan Balance divided by the Loan Balance for such Calculation Period.

• Variable Rate Ratio means, in respect of a Calculation Period or a particular date, the Relevant Average Variable Rate Loan Balance divided by the Average Loan Balance, in each case, for such Calculation Period or date (as applicable).

• Variable Rate Ratio means, in respect of a Calculation Period or a particular date, the Relevant Variable Rate Loan Balance divided by the Loan Balance, in each case, for such Calculation Period or date (as applicable).

• Interim Exchange Amount: Shall be the product of (i) the Total InterimExchange Amount, (ii) the Variable Rate Ratio and(iii) the LIBOR Ratio, all calculated as at the relevant New Closing Date (which shall constitute a Party A Interim Exchange Amount and a Party B Interim Exchange Amount).

More Definitions of Variable Rate Ratio

Variable Rate Ratio means, in respect of a Calculation Period, the Average Variable Rate Loan Balance divided by the Average Loan Balance. Variable Rate Spread means 1.90 per cent. per annum.

Variable Rate Ratio means in respect of a Portfolio Calculation Period, the Average Variable Rate Loan Balance divided by the Average Loan Balance.

Variable Rate Ratio means, in respect of a Calculation Period, the Average Variable Rate Loan Balance divided by the Average Loan Balance. VARIABLE RATE SPREAD means [1.68] per cent. per annum.

Variable Rate Ratio means, in respect of a Calculation Period or a particular date, the Relevant Average Variable Rate Loan Balance divided by the Average Loan Balance, in each case, for such Calculation Period or date (as applicable). Variable Rate XXXXX Spread means 3.15% per annum, or such other rate specified as the Variable Rate XXXXX Spread in the most recent Final Terms, or such other rate as the Calculation Agent may, in consultation with the Cash Manager, on any Assignment Date, specify as being effective for one or more succeeding Calculation Periods provided that the Rating Agencies have confirmed to the Security Trustee in writing that such other rate will not cause the then current rating of the Rated Notes to be downgraded or placed under review for possible downgrade. If a written request for s uch confirmation is delivered to each Rating Agency and (a) either (i) a Rating Agency (a Non- Responsive Rating Agency) indicates that it does not consider such confirmation necessary in the circumstances or (ii) within 30 days of delivery of such request, such request elicits no confirmation and/or such request elicits no statement by such Non-Responsive Rating Agency that such confirmation could not be given; and (b) at least one Rating Agency gives such a confirmation based on the same facts, then the rate specified by the Calculation Agent shall be effective, so that there shall be no requirement for the confirmation from any Non-Responsive Rating Agency.

Variable Rate Ratio means, in respect of a Swap Determination Period, the Average Variable Rate Mortgage Loan Balance divided by the Average Mortgage Loan Balance, and in respect of a Further Issue Determination Period, the Further Issue Average Variable Rate Mortgage Loan Balance divided by the Further Issue Average Mortgage Loan Balance. Variable Rate Spread means 1.75 per cent. per annum or such other percentage amount as Party A may notify to Party B and the Funding 2 Security Trustee in writing from time to time in accordance with paragraph 4 of this Confirmation.

Variable Rate Ratio has the meaning given to it in the Current Issuer Basis Rate Swap Agreement;

Variable Rate Ratio means, in respect of a Portfolio Calculation Period, the Average Variable Rate Loan Balance divided by the Average Loan Balance. Variable Rate Spread means the VR Spread, or such other percentage as determined by Party A and agreed with the Rating Agencies from time to time.