Loan Rate definition

Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

Loan Rate. With respect to any Mortgage Loan and any day, the per annum rate of interest applicable under the related Mortgage Note.

Loan Rate. With respect to each Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan from time to time in accordance with the provisions of the related Mortgage Note.

Examples of Loan Rate in a sentence

• The documented collusion among big money center banks to manipulate the London Interbank Loan Rate (LIBOR) suggests how easy it is for these institutions to cooperate against their customers.

• In those cases, consumers could experience SIGNIFICANT FINANCIAL REPERCUSSIONS due to interest rate changes that could occur by going past their Loan Rate Lock Date.

• It outlines that this condition set out information as to the nature of the Provider’s Variable Home Loan Rate and specifically that it could be amended by the Provider at any time.

• The Provider detailed that its Variable Home Loan Rate and its Standard Variable Rate “… are one and the same” which is a rate that can be amended by the Provider at any time.

• From and after the Second Amendment Effective Date through the earlier of (x) DecemberMarch 31, 20242025 and (y) the date the Borrower elects to permanently test the maximum Asset Coverage Ratio at 1.50 to 1.00 pursuant to the last sentence of Section 7.01(b)(ii), permit the Non-Performing Loan Rate as at the close of business on the last day of any month (the “Non-Performing Loan Measurement Date”) to be greater than the Maximum Non-Performing Loan Rate for such Non-Performing Loan Measurement Date.

More Definitions of Loan Rate

Loan Rate means, for each Loan in a Due Period, the current cash pay interest rate for such Loan in such period, as specified in the related Required Loan Documents.

Loan Rate. With respect to each Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan from time to time in accordance with the provisions of the related Mortgage Note, which rate shall remain constant at the rate set forth in the Mortgage Loan Schedule as the Loan Rate in effect immediately following the Cut-off Date. With respect to each Mortgage Loan that becomes an REO Property, as of any date of determination, the annual rate determined in accordance with the immediately preceding sentence as of the date such Mortgage Loan became an REO Property.

Loan Rate means the annual rate at which interest accrues on any Pledged Loan, as modified from time to time in accordance with the terms of any related Credit Standards and Collection Policies.

Loan Rate means, with respect to each Loan, the per annum rate of interest (based on a year of twelve 30-day months) equal to the greater of (a) 11.90 % or (b) 11.90% plus the difference between (i) the one month LIBOR Rate (rounded to the nearest one hundredth percent), as reported in the Wall Street Journal, on the date which is five (5) Business Days before the Funding Date for such Loan (or, if the Wall Street Journal is not published on such date, the next earlier date on which it is published).and (ii) 5.33%.

Loan Rate. As to any Home Equity Loan and day, the per annum rate of interest applicable under the related Mortgage Note to the calculation of interest for such day on the Principal Balance (adjusted as required by the Relief Act and/or any other federal, state or local legislation or regulation).

Loan Rate means, with respect to the Loan, the per annum rate of interest equal to the sum of (a) the U.S. Treasury note rate of a term equal to the Treasury Note Maturity as quoted in The Wall Street Journal on the date the applicable Note is prepared, plus (b) the Loan Margin.

Loan Rate. With respect to any Mortgage Loan and any day, the sum of the Index Rate and the Margin.