Minimum Mortgage Rate definition

Minimum Mortgage Rate. With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.
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Minimum Mortgage Rate. With respect to each Adjustable Rate Mortgage Loan, a rate that (i) is set forth on the Data Tape Information and in the related Mortgage Note and (ii) is the minimum interest rate to which the Mortgage Rate on such Adjustable Rate Mortgage Loan may be decreased during the lifetime of such Adjustable Rate Mortgage Loan.
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Minimum Mortgage Rate. With respect to each Adjustable Rate Mortgage Loan, the greater of (a) the Gross Margin set forth in the related Mortgage Note and (b) the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.
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Examples of Minimum Mortgage Rate in a sentence

  • In addition, the existence of the applicable Periodic Rate Cap, Maximum Mortgage Rate and Minimum Mortgage Rate on the Group II Mortgage Loans may affect the likelihood of prepayments resulting from refinancings.

  • The shortfall referred to in sub-clause 5.3.1 shall be determined in accordance with the provisions of paragraph 3 of Schedule 3 ( Minimum Mortgage Rate and Shortfall).

  • The Administrator shall calculate the Minimum Mortgage Rate on the first Business Day of each Interest Period in accordance with the provisions of Schedule 3 (Minimum Mortgage Rate and Shortfall) and any shortfall in accordance with the provisions of that Schedule.

  • Evidence of education at a given level of the qualifications framework University diploma and diploma supplement o btained after the completion of the study program tertiary education.

  • The Administrator shall calculate the Minimum Mortgage Rate on the first Business Day of each Interest Period in accordance with the provisions of Schedule 3 and any shortfall in accordance with the provisions of that Schedule.


More Definitions of Minimum Mortgage Rate

Minimum Mortgage Rate. With respect to any adjustable-rate Mortgage Loan, a per annum rate equal to the greater of (i) the Note Margin and (ii) the rate indicated on the Mortgage Loan Schedule as the "NOTE FLOOR," which rate may be applicable to such Mortgage Loan at any time during the life of such Mortgage Loan.
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Minimum Mortgage Rate. For each Mortgage Loan, the percentage set forth in the related Mortgage Note as the lifetime minimum Mortgage Rate to which such Mortgage Rate may be adjusted.
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Minimum Mortgage Rate. As to any adjustable rate Mortgage Loan, the greater of (i) the Note Margin and (ii) the rate indicated in Exhibit F-2 hereto as the "NOTE FLOOR", which rate may be applicable to such adjustable rate Mortgage Loan at any time during the life of such adjustable rate Mortgage Loan.
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Minimum Mortgage Rate. With respect to each Mortgage Loan, the minimum rate of interest set forth as such in the related Mortgage Note, which, with respect to certain Mortgage Loans is equal to the related Gross Margin.
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Minimum Mortgage Rate. With respect to each Group II Mortgage Loan, the minimum rate of interest set forth as such in the related Mortgage Note.
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Minimum Mortgage Rate. As to any Mortgage Loan, the greater of (i) the Note Margin for such Mortgage Loan and (ii) the rate indicated in Exhibit One hereto as the "NOTE FLOOR" for such Mortgage Loan, which rate may be applicable to such Mortgage Loan at any time during the life of such Mortgage Loan.
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Minimum Mortgage Rate. With respect to each Adjustable Rate Mortgage Loan, the minimum Mortgage Rate. MINIMUM SPREAD: ____% per annum.
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