Common use of Conversion to Fixed Interest Rate Clause in Contracts

Conversion to Fixed Interest Rate. The Mortgage Loan does not contain a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate to a fixed rate;

Appears in 117 contracts

Sources: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax)

Conversion to Fixed Interest Rate. The Mortgage Loan does not contain a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate to a fixed rate;

Appears in 32 contracts

Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He7), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)

Conversion to Fixed Interest Rate. The No Adjustable Rate Mortgage Loan does not contain contains a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate permitting or requiring conversion to a fixed rateinterest rate Mortgage Loan;

Appears in 28 contracts

Sources: Master Seller’s Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-3f), Master Seller’s Warranties and Servicing Agreement (Thornburg Mortgage Securities Trust 2006-1), Master Seller’s Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-3f)

Conversion to Fixed Interest Rate. The Mortgage Loan does not contain a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an and adjustable rate to a fixed rate;

Appears in 23 contracts

Sources: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-11ar)

Conversion to Fixed Interest Rate. The Except as specified in the related Purchase Price and Terms Agreement, the Mortgage Loan does not contain a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate to a fixed rate;

Appears in 19 contracts

Sources: Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-11ar), Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs)

Conversion to Fixed Interest Rate. The Mortgage Loan does not contain a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Note Rate from an adjustable rate to a fixed rate;

Appears in 7 contracts

Sources: Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-11), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-6xs), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-12xs)

Conversion to Fixed Interest Rate. The Except as set forth on the related Mortgage Loan Schedule, the Mortgage Loan does not contain a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate to a fixed rate;

Appears in 2 contracts

Sources: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-6ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-3ar)

Conversion to Fixed Interest Rate. The No Adjustable Rate Mortgage Loan does not contain contains a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate permitting or requiring conversion to a fixed rateFixed Rate Mortgage Loan;

Appears in 2 contracts

Sources: Master Bulk Sale and Servicing Agreement (Banc of America Funding Corp), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Am1)

Conversion to Fixed Interest Rate. The No adjustable rate Mortgage Loan does not contain contains a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate permitting or requiring conversion to a fixed rate;interest rate Mortgage Loan; and

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mastr Adjustable Rate Mortgages Trust 2001-1)

Conversion to Fixed Interest Rate. The No Adjustable-Rate Mortgage Loan does not contain contains a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate permitting or requiring conversion to a fixed rateinterest rate Mortgage Loan;

Appears in 1 contract

Sources: Flow Sale and Interim Servicing Agreement (ABFC 2006-He1 Trust)

Conversion to Fixed Interest Rate. The No adjustable rate Mortgage Loan does not contain contains a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate permitting or requiring conversion to a fixed rateinterest rate Mortgage Loan;

Appears in 1 contract

Sources: Seller's Warranties and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar5)

Conversion to Fixed Interest Rate. The No Adjustable Rate Mortgage Loan does not contain contains a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate permitting or requiring conversion to a fixed raterate of interest;

Appears in 1 contract

Sources: Flow Sale Agreement (Luminent Mortgage Trust 2006-7)

Conversion to Fixed Interest Rate. The Mortgage Loan does not contain a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate permitting or requiring conversion to a fixed rateinterest rate Mortgage Loan;

Appears in 1 contract

Sources: Seller's Warranties and Servicing Agreement (Structured Asset Securities Corp Mort Pas-THR Cert Ser 2002-)