Security Rate definition

Security Rate. As specified in the Terms Schedule.
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Security Rate means, with respect to any Series of Securities (or, for any Series with more than one Class, for each Class of such Series), the percentage (or formula on the basis of which such rate shall be determined) stated in the related Supplement.
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Security Rate. Credit Ratings: Listing:
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Examples of Security Rate in a sentence

  • For Auction Periods of 180 days or less, the applicable United States Treasury Security Rate is for 91-day United States Treasury securities, and for Auction Periods of more than 180 days, the applicable United States Treasury Security Rate is for one-year United States Treasury securities.

  • For purposes of calculating any Lump Sum payment under this Plan, the following actuarial assumptions shall be used: The mortality assumption shall be the Internal Revenue Service Single Life Table under Section 1.401(a)(9)-9 of the Treasury Regulations and the interest rate assumption shall be the average 30 Year Treasury Security Rate published in the Internal Revenue Bulletin for the month prior to the month in which the Participant’s Separation from Service occurs.

  • For Auction Periods of 180 days or less, the applicable United States Treasury Security Rate is for 91-day United States Treasury securities, and for Auction Periods of more than 180 days, the applicable United States Treasury Security Rate is for One-Year United States Treasury securities.

  • If the Conversion Right is exercised during the second (2nd) Loan year the Conversion Rate shall be based on Holder's then-prevailing market interest rate spread for comparable mortgages with comparable loan terms, as determined by Holder in its sole discretion, ("Conversion Rate Spread") over the Monthly Equivalent Treasury Security Rate.

  • Interest for any Distribution Date due but not paid on any Distribution Date will be due on the next succeeding Distribution Date together with, to the extent permitted by applicable law, additional interest on such amount at the CTO Security Rate plus 2%.

  • If the Conversion Right is exercised during the first (1st) Loan year, the Conversion Rate shall be ninety-five one hundredths percent (0.95%) over the Monthly Equivalent Treasury Security Rate (as defined below).

  • TIME EVENT By 9:00 a.m. Market Agent provides Auction Agent with the Applicable LIBOR Rate and the United States Treasury Security Rate.

  • By 9:30 a.m. Auction Agent notifies the Trustee and the Broker-Dealers of the Net Loan Rate, the All Hold Rate and the Maximum Auction Rate and the Applicable LIBOR Rate and the United States Treasury Security Rate used in determining such rates, as set forth in Section 2.02(a) hereof.

  • Said amount shall be reduced to present value calculated by using the number of days remaining in the designated term and using the above-referenced United States Treasury Security Rate and the number of days remaining in the term chosen pursuant to the LIBOR Election as to which the prepayment is made.

  • The "Most Applicable Treasury Security Rate" shall be the yield-to-maturity of the Treasury Bill with a remaining term equal to one-half of the Page 85 4 period beginning on the Benefit Commencement Date and ending on the date when payments actually commence, as quoted in the edition of the Wall Street Journal first published after the Benefit Commencement Date.


More Definitions of Security Rate

Security Rate. The Class A-1 Certificate Rate and/or the Class A-2 Note Rate, as applicable.
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Security Rate. Issue Date: ________ Maturity Date: _________ WIRE TRANSFER INFORMATION Wire Amount:_________________________________ Date of Wire: ___________ Receiving Bank:______________________________ ABA No.: ___________ City & State: _____________________________________________________________________________________ Credit Account Name:___________________________ Number: ____________ Advise:________________________________________ Phone: ____________ AUTHORIZED SIGNATURE(S) -------------------------- --------------------------------- WAMtg./Huntxxx:0/03/96 99 EXHIBIT C-SER SERVICING ACQUISITION ADVANCE REQUEST Date:_________________, 199_ Reference is made to that certain Credit and Security Agreement between WASHINGTON MORTGAGE FINANCIAL GROUP, INC., a Delaware corporation, WMF/PAIGE, ASSOCIATES LIMITED, a Delaware corporation (the "Borrowers"), and RESIDENTIAL FUNDING CORPORATION, a Delaware corporation (the "Lender"), dated as of June 14, 1996 (as the same may be amended, modified, supplemented, renewed or restated from time to time, the "Agreement"). All capitalized terms used herein and all Section numbers given herein refer to those terms and Sections set forth in the Agreement. This Servicing Acquisition Advance Request is submitted to the Lender pursuant to Section 2.5(a). The undersigned hereby requests a Servicing Acquisition Advance for a Servicing Acquisition in the aggregate principal amount of $_______ to be made on __________, 199_. The Servicing Collateral Value as of the date of the requested Advance, including the value of the Servicing Acquisition to be funded by this Servicing Acquisition Advance, will be $__________. The Borrowers represent and warrant that they have no reason to believe that such amount is incorrect. The aggregate principal amount of the Servicing Facility Advances outstanding after giving effect to the Servicing Facility Advance requested hereby will not exceed the Servicing Facility Commitment Amount, and the aggregate principal amount of the Term Loan Advance and the Servicing Facility Advances outstanding after giving effect to the Servicing Facility Advance requested hereby will not exceed the Servicing Collateral Value as set forth in the preceding sentence. The amount of the requested Servicing Acquisition Advance does not exceed the maximum amount permitted therefor under Section 2.4(b)(1)(ii) of the Agreement. Attached hereto are the following documents submitted pursuant to Section 2.5(b) of the Agreement:
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Security Rate means, as of any particular date of determination and with respect to any Series or Class, the security rate as of such date specified therefor in the related Supplement. "Security Register" shall mean the register maintained pursuant to Section 6.4, providing for the registration of the Registered Securities and transfers and exchanges thereof. "Series" shall mean any series of Investor Securities issued pursuant to Section 6.3. "Series Account" shall mean any deposit, trust, escrow or similar account maintained for the benefit of the Investor Securityholders of any Series or Class, as specified in any Supplement. "Series Adjusted Invested Amount" shall mean, with respect to any Series and for any Monthly Period, the Series Invested Amount of such Series, after subtracting therefrom the excess, if any, of the cumulative amount (calculated in accordance with the terms of the related Supplement) of investor charge-offs, subordination of principal collections and funding the investor default amount or another Series allocable to the Invested Amount for such Series as of the last day of the immediately preceding Monthly Period over the aggregate reimbursement of such investor charge- offs, subordination of principal collections and funding the investor default amount for any other Class of Investor Securities of such Series or another Series as of such last day, or such lesser amount as may be provided in the Series Supplement for such Series. "Series Allocable Defaulted Amount" shall mean, with respect to any Series and for any Monthly Period, the product of the Series Allocation Percentage and the Defaulted Amount with respect to such Monthly Period.
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Security Rate. Issue Date: Maturity Date: WIRE TRANSFER INFORMATION Wire Amount: Date of Wire: Receiving Bank: ABA No.: City & State:
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Security Rate. Issue Date: ________ Maturity Date: ___________________ WIRE TRANSFER INFORMATION Wire Amount:_________________________________ Date of Wire: ___________ Receiving Bank:______________________________ ABA No.: ___________ City & State: ________________________________________________________________________ Credit Account Name:___________________________ Number: ____________ Advise:________________________________________ Phone: ____________ For new value this day received, and as collateral security for the payment of any and all indebtedness and liability of the Mortgage Company under that certain Credit and Security Agreement dated as of June 14, 1996, as may be amended from time to time, by and between the Company and RESIDENTIAL FUNDING CORPORATION (the "Lender"), the Company creates and grants in favor and for the benefit of the Lender a security interest in and to the Mortgage Note evidencing the Mortgage Loan described in this Advance Request.
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Security Rate means, as of any particular date of determination ------------- and with respect to any Series or Class, the security rate as of such date specified therefor in the related Supplement.
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Related to Security Rate

  • Security Requirement means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Creditors) which is, at any relevant time:

  • Collateral Rate means, for any Interest Period, the rate specified in the Loan Agreement.

  • Day Rate means the rate per day per grade tendered by the Supplier in the Supplier’s proposal that shall never be exceeded within this Contract;

  • Security Requirements means the requirements regarding the security of Personal Data, as set out in the Data Protection Laws (including, in particular, the seventh data protection principle of the DPA and/ or the measures set out in Article 32(1) of the GDPR (taking due account of the matters described in Article 32(2) of the GDPR)) as applicable;

  • Penalty Rate means the Stated Rate plus two percent (2.00%) per annum of the Liquidation Price of each share of Series A Preferred Stock.

  • Discount Net Mortgage Rate As defined in the Series Supplement.

  • Net Mortgage Rate With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.

  • Reference Bond Rate means, with respect to any date of redemption, the rate per annum equal to the annual or semi-annual yield (as the case may be) to maturity or interpolated yield to maturity (on the relevant day count basis) of the Reference Bond, assuming a price for the Reference Bond (expressed as a percentage of its nominal amount) equal to the Reference Bond Price for such date of redemption;

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Recovery Rate means, in relation to any UK Four institution the percentage of the original face value of senior unsecured debt obligations of the affected UK Four institution, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.

  • Security Rule means the Security Standards for the Protection of Electronic Protected Health Information at 45 C.F.R. part 160 and part 164, subpart A and C.

  • Secured Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Modified Net Mortgage Rate As to any Mortgage Loan that is the subject of a Servicing Modification, the Net Mortgage Rate minus the rate per annum by which the Mortgage Rate on such Mortgage Loan was reduced.

  • Maximum Net Mortgage Rate As to any Mortgage Loan and any date of determination, the Maximum Mortgage Rate for such Mortgage Loan minus the per annum rate at which the Servicing Fee is calculated.

  • U.S. Base Rate means, for any day, the greater of:

  • 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.

  • additional rate means the additional rate levied by the City of Cape Town on rateable properties within the designated boundaries of the Special Rating Area for purposes of raising funds for improving and upgrading that area, subject to any exemptions or permissible differentiation between categories of property, as contemplated in section 22(1) of the Rates Act, read with sections 8(1) and 12(2) of the By-Law;

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties.

  • Base CD Rate means the sum of (a) the Three-Month Secondary CD Rate multiplied by the Statutory Reserve Rate plus (b) the Assessment Rate.

  • Constant Maturity Swap Rate means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Asset Coverage Ratio means the ratio, determined on a consolidated basis, without duplication, in accordance with GAAP, of (a) the Value of total assets of the Borrower and its Subsidiaries, less all liabilities (other than Indebtedness, including Indebtedness hereunder) of the Borrower and its Subsidiaries, to (b) the aggregate amount of Indebtedness of the Borrower and its Subsidiaries.

  • Basic Rate means the applicable basic minimum wage rate prevailing on the date 28 days prior to the latest date for submission of Tenders, by reason of any National or State Statute or Ordinance.

  • Weekly Rate means the interest rate on the Bonds established in accordance with Section 2.03(b) hereof.