Weighted Average Contract Rate definition

Weighted Average Contract Rate means, as to any Remittance Date, the weighted average (determined by Scheduled Principal Balance) of the Contract Rates of all Contracts that were outstanding during the prior related Due Period.
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Weighted Average Contract Rate means, as to any Distribution Date, the ------------------------------ weighted average (determined by Scheduled Principal Balance) of the Contract Rates of all Contracts that were outstanding during the prior related Monthly Period.
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Weighted Average Contract Rate means, with respect to any Collection Period, the weighted average of the Contract Rates of the Receivables (but excluding any Non-Advance Receivable, as determined on the related Deposit Date), weighted based on the Principal Balance of each such Receivable as of the first day of such Collection Period. EXHIBIT A NORWEST AUTO TRUST 96-A Servicer Certificate
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Examples of Weighted Average Contract Rate in a sentence

  • All Hold Rate, Net Weighted Average Contract Rate and One-Month LIBOR.

  • Notwithstanding any other provision of the Class II A-2 Certificates or the Pooling and Servicing Agreement, interest payable on the Class II A-2 Certificates for an Interest Accrual Period shall never exceed for such Interest Accrual Period the amount of interest payable at the Net Weighted Average Contract Rate of the Group II Contracts in effect for such Interest Accrual Period.

  • If the ownership of the Class A-2 Certificates is no longer maintained in Book- Entry Form by the Depository, the Trustee shall calculate the Maximum Auction Rate and the Net Weighted Average Contract Rate on the Business Day immediately preceding the first day of each Interest Accrual Period commencing after the delivery of certificates representing the Class A-2 Certificates.

  • The Auction Agent shall promptly give written notice to the Trustee and the Depository of the Class A-2 Pass-Through Rate and either the Auction Rate or the Net Weighted Average Contract Rate, as the case may be, when such rate is not the Class A-2 Pass-Through Rate.

  • The Auction Agent shall calculate the Maximum Auction Rate, the All Hold Rate and LIBOR, on each Auction Date and shall notify the Trustee, the Servicer and the Broker-Dealers of the Net Weighted Average Contract Rate, the Maximum Auction Rate, the All Hold Rate and LIBOR, as provided in the Auction Agent Agreement.

  • Notwithstanding any other provision of the Class A Certificates or the Pooling and Servicing Agreement, interest payable on the Class A Certificates for an related Interest Accrual Period shall never exceed for such Interest Accrual Period the amount of interest payable at the Net Weighted Average Contract Rate in effect for such Interest Accrual Period.

  • If the ownership of the Class II A-2 Certificates is no longer maintained in Book-Entry Form by the Depository, the Trustee shall calculate the Maximum Auction Rate and the Net Weighted Average Contract Rate of the Group II Contracts on the Business Day immediately preceding the first day of each Interest Accrual Period commencing after the delivery of certificates representing the Class II A-2 Certificates.

  • The Auction Agent shall promptly give written notice to the Trustee and the Depository of the applicable Pass-Through Rate and either the Auction Rate or the Net Weighted Average Contract Rate, as the case may be, when such rate is not the applicable Pass-Through Rate.

  • Class M-[1][2] No. (Subordinate) Remittance Rate: Floating Rate equal to Cut-off Date: as defined in the the Weighted Average Contract Rate Pooling and Servicing Agreement (subject to a maximum of _____%) dated as of June 1, 2001 Denomination: $1,000 First Remittance Date: August 1, 2001 Aggregate Denomination of All Class M-[1][2] Servicer: Certificates: $__________ Conseco Finance Corp.

  • The Auction Agent shall calculate the Maximum Auction Rate, the All Hold Rate and One-Month LIBOR, on each Auction Date and shall notify the Trustee, the Servicer and the Broker- Dealers of the Net Weighted Average Contract Rate, the Maximum Auction Rate, the All Hold Rate and One-Month LIBOR, as provided in the Auction Agent Agreement.