Examples of Base Interest Fraction in a sentence
Yield Maintenance Prepayment Premiums Yield Maintenance Charges (exclusive of any Yield Maintenance Charges allocated to the Class A-Y) will generally be distributed on any Distribution Date as follows: A portion (based on the product of the Base Interest Fraction and the Principal Entitlement Fraction as described below) will be delivered to one or more of the following Classes: A-1, A-2, A-3, A-4, B, C, D, E, F, G and H (the “Yield Maintenance Classes”).
Static Prepayment Premiums: Static Prepayment Premium Charges (exclusive of any Static Prepayment Premium Charges allocated to the Class A-Y) will generally be distributed on any Distribution Date as follows: A portion (based on the product of the Base Interest Fraction and the Principal Entitlement Fraction as described above) will be delivered to one or more of the following Classes: A-1, A-2, A-3, A-4, B, C, D, E, F, G and H (the “Static Prepayment Premium Classes”).
If such Yield Rate is greater than the Mortgage Rate on the related Mortgage Loan, then the Base Interest Fraction shall equal zero.