Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for each Class of the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Notes and (ii) the first day of each succeeding Interest Period for the Notes, and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.
Appears in 2 contracts
Sources: Indenture (Gmacm Home Equity Loan Trust 2004-He5), Indenture (Residential Asset Mort Prod Inc Gmacm Home Eq L N Tr 04 He2)
Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for each Class of the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Class A-II-1 Notes and (ii) the first day of each succeeding Interest Period for the Class A-II-1 Notes, and shall inform the Issuer, the Servicer Servicer, the Enhancer and the Depositor by means of the Indenture Trustee's online service, not later than the first Business Day of the month of the next Payment Date.
Appears in 1 contract
Sources: Indenture (Residential Asset Mortgage Products Inc)
Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for each Class of the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Notes and (ii) the first day of each succeeding Interest Period for the Notes, and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.
Appears in 1 contract
Sources: Indenture (Residential Asset Mortgage Products Inc)
Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for each Class of the Class A-1 and Class A-2 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Notes and (ii) the first day of each succeeding Interest Period for the Notes, and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.
Appears in 1 contract
Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for each Class of the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Notes and (ii) the first day of each succeeding Interest Period for the Class A-1 Notes, and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.
Appears in 1 contract
Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for each Class of the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Class A-I-1 Notes and (ii) the first day of each succeeding Interest Period for the Class A-I-1 Notes, and shall inform the Issuer, the Servicer and the Depositor by means not later than the Business Day next preceding the first day of the Indenture Trustee's online serviceeach such Interest Period.
Appears in 1 contract
Sources: Indenture (Residential Asset Mortgage Products Inc)
Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for each Class of the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Notes and (ii) the first day of each succeeding Interest Period for the Notes, and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.
Appears in 1 contract