Common use of Latest Possible Maturity Date Clause in Contracts

Latest Possible Maturity Date. The Distribution Date occurring in December 2036. LBH: L▇▇▇▇▇ Brothers Holdings Inc., or any successor in interest. LIBOR: (a) With respect to the first Accrual Period, the Initial LIBOR Rate. With respect to each subsequent Accrual Period, a per annum rate determined on the LIBOR Determination Date in the following manner by the Trustee on the basis of the “Interest Settlement Rate” set by the British Bankers’ Association (the “BBA”) for one-month United States dollar deposits, as such rates appear on the Telerate Page 3750, as of 11:00 a.m. (London time) on such LIBOR Determination Date.

Appears in 1 contract

Sources: Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff17)

Latest Possible Maturity Date. The Distribution Date occurring in December 2036November 2041. LBH: L▇▇▇▇▇ Brothers Holdings Inc., or any successor in interest. LIBOR: (a) With respect to the first Accrual Period, the Initial LIBOR Rate. With respect to each subsequent Accrual Period, a per annum rate determined on the LIBOR Determination Date in the following manner by the Trustee Securities Administrator on the basis of the “Interest Settlement Rate” set by the British Bankers’ Association (the “BBA”) for one-month United States dollar deposits, as such rates appear on the Telerate Page 3750, as of 11:00 a.m. (London time) on such LIBOR Determination Date.

Appears in 1 contract

Sources: Trust Agreement (BNC Mortgage Loan Trust 2006-2)

Latest Possible Maturity Date. The Distribution Date occurring in December 20362039. LBH: L▇▇▇▇▇ Brothers Holdings Inc., or any successor in interest. LIBOR: (a) With respect to the first Accrual Period, the Initial LIBOR Rate. With respect to each subsequent Accrual Period, a per annum rate determined on the LIBOR Determination Date in the following manner by the Trustee on the basis of the “Interest Settlement Rate” set by the British Bankers’ Association (the “BBA”) for one-month United States dollar deposits, as such rates appear on the Telerate Page 3750, as of 11:00 a.m. (London time) on such LIBOR Determination Date.

Appears in 1 contract

Sources: Trust Agreement (SASCO Mortgage Loan Trust Series 2005-Gel1)

Latest Possible Maturity Date. The Distribution Date occurring in December 2036June 2041. LBH: L▇▇▇▇▇ Brothers Holdings Inc., or any successor in interest. LIBOR: (a) With respect to the first Accrual Period, the Initial LIBOR Rate. With respect to each subsequent Accrual Period, a per annum rate determined on the LIBOR Determination Date in the following manner by the Trustee Securities Administrator on the basis of the “Interest Settlement Rate” set by the British Bankers’ Association (the “BBA”) for one-month United States dollar deposits, as such rates appear on the Telerate Page 3750, as of 11:00 a.m. (London time) on such LIBOR Determination Date.

Appears in 1 contract

Sources: Trust Agreement (Structured Asset Securities Corp)