Remittance Rate definition

Remittance Rate. With respect to each Mortgage Loan, the related Note Rate minus the Servicing Fee Rate.

Remittance Rate. For each Class of interest bearing Certificates, the per annum rate set forth as the Remittance Rate for such Class in the Preliminary Statement hereto.

Remittance Rate. As to any Remittance Date, the lesser of (i) 7.12% per annum and (ii) the Weighted Average Net Contract Rate for such Remittance Date.

Examples of Remittance Rate in a sentence

• The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein).

• For months thirteen (13) and beyond, the price for such repurchase shall be equal to the sum of (i) the State Principal Balance of the Mortgage Loan as of the date of repurchase plus (ii) accrued interest on such Loan in Breach at the Mortgage Loan Remittance Rate from the date on which interest had last been paid through the date of such repurchase, plus (iii) any costs and/or damages incurred in connection with any violation of any applicable anti-predatory lending law.

• The Purchase Price for a Mortgage Loan shall be the Purchase Price Percentage multiplied by the Cut-off Date Principal Balance of that Mortgage Loan, plus accrued interest at the Mortgage Loan Remittance Rate from the Cut-off Date through the day immediately prior to the Closing Date.

• It is understood that, by operation of Section 4.04, the remittance on the first Remittance Date is to include principal collected after the Cut-off Date through the preceding Determination Date plus interest, adjusted to the Mortgage Loan Remittance Rate, collected through such Determination Date exclusive of any portion thereof allocable to the period prior to the Cut-off Date, with the adjustments specified in (b), (c) and (d) above.

• The parties hereto acknowledge that by operation of Subsection 4(e) and Subsection 5(a) of the FPWSA, the remittance on August 17, 2007 to the Trust Fund is to include principal due after July 1, 2007 (the “Trust Cut-off Date”) plus interest, at the Mortgage Loan Remittance Rate collected during the related Due Period exclusive of any portion thereof allocable to a period prior to the Trust Cut-off Date, with the adjustments specified in Subsection 4(c) of the FPWSA.

More Definitions of Remittance Rate

Remittance Rate means with respect to each Class of Certificates, the rate set forth for such Class in Section 2.05(b).

Remittance Rate. As specified in the $[_________] $[____________] Pooling and Servicing Agreement referred to herein. Remittance Date after Latest Due Date: ____ __, ____ First Remittance Date: March 7, 2001 CUSIP ______________ VANDERBILT MORTGAGE AND FINANCE, INC. which manufactured housing contracts either were originated or acquired by Vanderbilt Mortgage and Finance, Inc. (hereinafter called the "Company," which term includes any successor entity under the Agreement referred to below) and are initially serviced by Vanderbilt Mortgage and Finance, Inc. (in such capacity, the "Servicer", which term includes any entity under the Agreement referred to below). Except as set forth in the Pooling and Servicing Agreement, this Certificate does not represent an obligation of or interest in the Company, the Servicer or the Trustee referred to below or any of their Affiliates. Neither this Certificate nor the underlying manufactured housing contracts are guaranteed or insured by Vanderbilt Mortgage and Finance, Inc., the Servicer or by any governmental agency or instrumentality. This certifies that CEDE & CO. is the registered owner of an undivided interest in certain monthly distributions with respect to a pool (the "Contract Pool") of conventional manufactured housing installment sales contracts, installment loan agreements and mortgage loans (collectively, the "Contracts") formed and sold by the Company and certain other property (collectively, the "Trust Fund"). The Contracts either were originated or acquired by and are serviced by the Servicer and are secured by Manufactured Homes. The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the "Agreement"), by and among the Company, as seller and servicer, Xxxxxxx Homes, Inc., as provider of the Limited Guarantee, and The Chase Manhattan Bank, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is one of a duly authorized issue of Certificates, designated as Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2001-A (the "Certificates"), and is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is h...

Remittance Rate. The Group One Remittance Rate or the Group Two Remittance Rate, as applicable.

Remittance Rate. The REMIC I Remittance Rate, REMIC II Remittance Rate or REMIC III Remittance Rate, as applicable.

Remittance Rate. As to each Class of Certificates, the Class A-1 Remittance Rate, the Class A-2 Remittance Rate, the Class A-3 Remittance Rate, the Class A-4 Remittance Rate, the Class A-5 Remittance Rate, the Class M-1 Remittance Rate, the Class B-1 Remittance Rate or the Class B-2 Remittance Rate, as applicable.

Remittance Rate. Floating Rate equal Cut-off Date: as defined in the to the Weighted Average Contract Rate Pooling and Servicing Agreement (subject to a maximum of ______%) dated as of August 1, 2000 Denomination: $_____________ First Remittance Date: September 1, 0000 Xxxxxxxxx Xxxxxxxxxxxx of All Class M-[1][2] Certificates: $________________ Servicer: Conseco Finance Corp. Maturity Date: May 1, 2032 (or if such day is not a Business Day, then the next succeeding Business Day) CUSIP: _____

Remittance Rate. With respect to each Mortgage Loan, the related Note Rate minus the Servicing Fee Rate and minus Lender Mortgage Insurance Fee where applicable.