Fixed Rate Mortgage definition

Fixed Rate Mortgage means a mortgage which is referred to as a “Fixed Rate Mortgage” in the Loan Agreement.

Fixed Rate Mortgage means a Loan that is not an Adjustable Rate Mortgage.

Fixed Rate Mortgage means a mortgage which has a fixed rate of interest specified in the Charge.

Examples of Fixed Rate Mortgage in a sentence

• Upon any Fixed Rate Mortgage Bond becoming due and repayable prior to its Maturity Date, all unmatured Talons (if any) appertaining thereto will become void and no further Coupons will be issued in respect thereof.

• Each Fixed Rate Mortgage Bond bears interest on its outstanding nominal amount (or, if it is a Partly Paid Mortgage Bond, the amount paid up) from (and including) the Interest Commencement Date at the rate(s) per annum equal to the Rate(s) of Interest.

• For the purpose of this sub-paragraph, ―parties‖ refers to participants in the procurement process (including public officials) attempting either themselves, or through another person or entity not participating in the procurement or selection process, to simulate competition or to establish bid prices at artificial, non- competitive levels, or are privy to each other‘s bid prices or other conditions.

• Fixed Rate Mortgage - A mortgage having a rate of interest which remains the same for the life of the mortgage.

• If this Mortgage is a Fixed Rate Mortgage, the rate of interest chargeable on the Outstanding Principal Amount and all other monies payable under this Mortgage shall be the Interest Rate, calculated half-yearly, not in advance, as well after as before maturity, default and judgment until payment in full.

More Definitions of Fixed Rate Mortgage

Fixed Rate Mortgage means (until the rate of interest chargeable in relation thereto becomes the Standard Rate, whereupon the relevant Mortgage shall be a Standard Mortgage) a Mortgage where the rate of interest payable by the Borrower in accordance with the Mortgage Conditions relating thereto is fixed by reference to a pre-determined rate or series of rates (and is not capable of being reset monthly or quarterly at will by the Administrators or the Issuer) for a fixed period or periods, after which the rate of interest chargeable becomes the Standard Rate;

Fixed Rate Mortgage means the portion of a Mortgage securing Fixed Rate Debt.

Fixed Rate Mortgage means (until the rate of interest chargeable in relation thereto becomes the Standard Rate, whereupon the relevant Mortgage shall be a Standard Mortgage) a Mortgage where the rate of interest payable by the Borrower in accordance with the Mortgage Conditions relating thereto is fixed by reference to a pre-determined rate or series of rates for a fixed period or periods after which the rate of interest chargeable becomes the Standard Rate or such other Mortgage pursuant to which the rate of interest payable by the Borrower in accordance with the Mortgage Conditions relating thereto is, for a fixed period or periods, not capable of being reset monthly or quarterly at will by PPF, the Administrator or the Issuer;

Fixed Rate Mortgage means a mortgage which is referred to as a “Fixed Rate Mortgage” in the Loan Agreement. (o) (p) (q) (r) (s) (t) (u) (v) (w) (x) “Fixtures” means fixtures and improvements, fixed or otherwise, including, without limiting the generality of the foregoing, all fences, above ground and underground storage tanks, heating, piping, plumbing, aerials, air conditioning, ventilating, lighting and water heating equipment, cooking and refrigeration equipment, cleaning and drying equipment, appliances, window blinds, radiators and covers, fixed mirrors, storm windows and storm doors, window screens and screen doors, shutters and awnings, floor coverings, and all apparatus and equipment appurtenant thereto, and all farm machinery and improvements, fixed or otherwise and even though not attached to the lands otherwise than by their own weight.

Fixed Rate Mortgage means a mortgage with payments that remain the same throughout the life of the loan because the interest rate and other terms are fixed and do not change.

Fixed Rate Mortgage means (until the rate of interest chargeable in relation thereto becomes: (a) the Standard Rate or (b) the reversionary rate of interest which the Borrower is required to pay at a variable margin over the three month London Interbank Offered Rate for sterling deposits determined quarterly, whereupon the relevant Mortgage shall be a Standard Mortgage) a Mortgage where the rate of interest payable by the Borrower in accordance with the Mortgage Conditions relating thereto is fixed by reference to a pre-determined rate or series of rates for a fixed period or periods after which the rate of interest chargeable becomes: (a) the Standard Rate or (b) the reversionary rate of interest which the Borrower is required to pay at a variable margin over the three month London Interbank Offered Rate for sterling deposits determined quarterly, pursuant to which the rate of interest payable by the Borrower in accordance with the Mortgage Conditions relating thereto is, for a fixed period or periods, not capable of being reset monthly or quarterly at will by the Administrator or the Issuer;

Fixed Rate Mortgage means (until the rate of interest chargeable in relation thereto becomes: (a) the Standard Rate or (b) the reversionary rate of interest which the Borrower is required to pay at a variable margin over the three month London Interbank Offered Rate for sterling deposits (or any replacement rate as determined by an Administrator in the event that the rate for the three-month London Inter-Bank Offered Rate for GBP deposits is discontinued or is or becomes unavailable) determined quarterly, whereupon the relevant Mortgage shall be a Standard Mortgage a Mortgage where the rate of interest payable by the Borrower in accordance with the Mortgage Conditions relating thereto is fixed by reference to a pre-determined rate or series of rates for a fixed period or periods after which the rate of interest chargeable becomes: (a) the Standard Rate or (b) the reversionary rate of interest which the Borrower is required to pay at a variable margin over the three month London Interbank Offered Rate for sterling deposits determined quarterly, pursuant to which the rate of interest payable by the Borrower in accordance with the Mortgage Conditions relating thereto is, for a fixed period or periods, not capable of being reset monthly or quarterly at will by the Administrators or the Issuer;