Weighted Average Net Mortgage Interest Rate definition

Weighted Average Net Mortgage Interest Rate. As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.
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Weighted Average Net Mortgage Interest Rate. As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans. WFHM: Wells Fxxxx Home Mortgage, Inc., or its successor in interest.
Sample 1Sample 2Sample 3
Weighted Average Net Mortgage Interest Rate. With respect to any Distribution Date, the average of the Net Mortgage Interest Rates of all Outstanding Mortgage Loans weighted on the basis of their Stated Principal Balances immediately following the preceding Distribution Date (or, in the case of the initial Distribution Date, weighted on the basis of their Issue Date Principal Balances).
Sample 1Sample 2

Examples of Weighted Average Net Mortgage Interest Rate in a sentence

  • Interest will accrue on the Class A-WIO Certificates during each month in an amount equal to the product of (A) 1/12th of (i) the Weighted Average Net Mortgage Interest Rate of the Premium Mortgage Loans on the first day of such month minus (ii) 7.250% and (B) the Class A-WIO Notional Amount as of the related Distribution Date.

  • Interest will accrue on the Class A-WIO Certificates during each month in an amount equal to the product of (A) 1/12th of (i) the Weighted Average Net Mortgage Interest Rate of the Premium Mortgage Loans on the first day of such month minus (ii) 7.00% and (B) the Class A-WIO Notional Amount as of the related Distribution Date.

  • Interest will accrue on the Class A-WIO Certificates during each month in an amount equal to the product of (A) 1/12th of (i) the Weighted Average Net Mortgage Interest Rate of the Premium Mortgage Loans on the first day of such month minus (ii) 7.500% and (B) the Class A-WIO Notional Amount as of the related Distribution Date.

  • Characteristics of the Underlying KPAC Class A Certificates and the Related KPAC Subordinated Certificates Characteristics of the Underlying KPAC Class A CertificatesThe initial outstanding principal balance of the Underlying KPAC Class A Certificates is$229,642,786, subject to a permitted variance of plus or minus 7%, and the Underlying KPAC Class A Pass Through Rate is, with respect to any Distribution Date, the Weighted Average Net Mortgage Interest Rate for such Distribution Date.

  • Interest will accrue on the Class A-WIO Certificates during each month in an amount equal to the product of (A) 1/12th of (i) the Weighted Average Net Mortgage Interest Rate of the Premium Mortgage Loans on the first day of such month minus (ii) 7.50% and (B) the Class A-WIO Notional Amount as of the related Distribution Date.

  • Interest will accrue on the Class A-WIO Certificates during each month in an amount equal to the product of (A) 1/12th of (i) the Weighted Average Net Mortgage Interest Rate of the Premium Mortgage Loans on the first day of such month minus (ii) 6.750% and (B) the Class A-WIO Notional Amount as of the related Distribution Date.

  • I-43 Weighted Average Net Mortgage Interest Rate........................................................

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More Definitions of Weighted Average Net Mortgage Interest Rate

Weighted Average Net Mortgage Interest Rate. The weighted average (based on the unpaid principal balance of the Mortgage Loans as of the first day of the related Collection Period or, in the case of the initial Distribution Date, the applicable Cut-off Date) of the Net Mortgage Interest Rates of the Mortgage Loans expressed for each such Mortgage Loan as an annual rate and calculated on the basis of twelve months consisting of 30 days each and a 360 day year. "Wells Fargo Bank" Wells Fargo Bank, N.A., a national banking associatxxx, or its succesxxx xn interest.
Sample 1
Weighted Average Net Mortgage Interest Rate. The weighted average (based on the unpaid principal balance of the related Mortgage Loans as of the first day of the related Collection Period or, in the case of the first Distribution Date, the applicable Cut-Off Date) of the Net Mortgage Interest Rates of the Mortgage Loans, the Group I Mortgage Loans or the Group II Mortgage Loans, as applicable, expressed for each such Mortgage Loan as an annual rate and calculated on the basis of twelve months consisting of 30 days each and a 360 day year. "Wells Fargo Bank" Wells Fargo Bank, N.A., a national banking associatiox, xx its successox xx interest.
Sample 1
Weighted Average Net Mortgage Interest Rate. The weighted average (based on Principal Balance as of the first day of the related Collection Period or, in the case of the first Distribution Date, the Cut-Off Date) of the Net Mortgage Interest Rates of the Mortgage Loans, the Group 1 Mortgage Loans, the Group 2 Mortgage Loans or the Group 3 Mortgage Loans, as applicable, expressed for each such Mortgage Loan as an annual rate and calculated on the basis of twelve months consisting of 30 days each and a 360-day year. With respect to the Distribution Date in September 2006, the Weighted Average Net Mortgage Interest Rate of the Group 3 Mortgage Loans shall be multiplied by a fraction, the numerator of which is 528,008,647 and the denominator of which is 622,143,497.
Sample 1
Weighted Average Net Mortgage Interest Rate. The weighted average (based on the unpaid principal balance as of the first day of the related Collection Period or, in the case of the first Distribution Date, the applicable Cut-Off Date) of the Net Mortgage Interest Rates of the Mortgage Loans, the Group I Mortgage Loans or the Group II Mortgage Loans, as applicable, expressed for each such Mortgage Loan as an annual rate and calculated on the basis of twelve months consisting of 30 days each and a 360 day year. "Wells Fargo Bank" Wells Fargo Bank, N.A., a national banking associatiox, xx its successox xx interest.
Sample 1
Weighted Average Net Mortgage Interest Rate. For any Distribution Date, a per annum rate (expressed on the basis of a 360-day year consisting of twelve 30-day months) equal to the average of the Net Mortgage Interest Rates of the Mortgage Loans (weighted on the basis of the Stated Principal Balances of the Mortgage Loans as of the first day of the related Collection Period).
Sample 1
Weighted Average Net Mortgage Interest Rate. The weighted average (based on the unpaid principal balance of the related Mortgage Loans as of the first day of the related Collection Period or, in the case of the first Distribution Date, the applicable Cut-off Date) of the Net Mortgage Interest Rates of the Mortgage Loans, the Group I Mortgage Loans or the Group II Mortgage Loans, as applicable, expressed for each such Mortgage Loan as an annual rate and calculated on the basis of twelve months consisting of 30 days each and a 360 day year. "Xxxxx Fargo Bank" Xxxxx Fargo Bank, N.A., a national banking association, or its successor in interest.
Sample 1

Related to Weighted Average Net Mortgage Interest Rate

  • Weighted Average Net Mortgage Rate The weighted average of the Net Mortgage Rates of the Mortgage Loans, weighted on the basis of the Stated Principal Balances thereof as of the close of business on the first day of the calendar month preceding the month in which such Distribution Date occurs.

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Adjusted Net Mortgage Interest Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Interest Rate less the Expense Fee Rate.

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Mortgage Interest Rate For any Mortgage Loan, the per annum rate at which interest accrues on such Mortgage Loan pursuant to the terms of the related Mortgage Note.

  • Minimum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased on any Adjustment Date.

  • Maximum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the maximum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be increased on any Adjustment Date.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Weighted Average Pass-Through Rate For any Distribution Date, the weighted average of the Pass-Through Rates on the Mortgage Loans as of the second preceding Due Date (after giving effect to the payments due on the Mortgage Loans on that Due Date).

  • Mortgage Interest Rate Cap With respect to an Adjustable Rate Mortgage Loan, the limit on each Mortgage Interest Rate adjustment as set forth in the related Mortgage Note.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Initial Mortgage Rate As to each Mortgage Loan, the Mortgage Rate in effect prior to the Initial Adjustment Date.

  • Net Mortgage Rate With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.

  • Discount Net Mortgage Rate As defined in the Series Supplement.

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.