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Common use of Distributions and Interest Amount Clause in Contracts

Distributions and Interest Amount. INTEREST RATE. The "INTEREST RATE" will be the "Federal Funds (Effective)" rate as such rate is displayed on Telerate page 118 for such day under the caption "Effective".

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-2), Pooling and Servicing Agreement (Specialty Underwriting & Residential Finance Trust, Series 2007-Bc2)

Related Clauses

  • Interest Amount
  • Notification of Rate of Interest and Interest Amounts
  • Payments and Interest
  • Capitalized Interest Account
  • Payment and Interest

Parent Clauses

  • Definitions
  • Dispute Resolution
  • Holding and Using Posted Collateral
  • Additional Definitions
  • Other Provisions

Sub-Clauses

  • Alternative to Interest Amount
  • Transfer of Interest Amount
  • Distributions
  • Interest Amount
  • Interest Rate
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