Post-ARD Additional Interest Rate definition

Post-ARD Additional Interest Rate. With respect to any ARD Mortgage Loan after its Anticipated Repayment Date, the incremental increase in the Mortgage Rate for such ARD Mortgage Loan resulting from the passage of such Anticipated Repayment Date.
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Post-ARD Additional Interest Rate shall have the meaning ascribed to it in Section 2.01(a)(ii) hereof.
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Post-ARD Additional Interest Rate means, for a Class of Notes, an annual rate determined by the Transaction Manager to be the greater of (i) [***]%; and (ii) the amount, if any, by which the sum of the following exceeds the related Note Rate: (A) the yield to maturity (adjusted to a “mortgage equivalent basis” pursuant to the standards and practices of the Securities Industry and Financial Markets Association) on the Anticipated Repayment Date of the United States Treasury Security having a term closest to ten (10) years, plus (B) [***]%, plus (C) the related Post-ARD Spread.
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Examples of Post-ARD Additional Interest Rate in a sentence

  • The Servicer shall provide written notice to the Indenture Trustee of the Post-ARD Additional Interest Rate.

  • In no event shall the Indenture Trustee be obligated to recalculate or verify the Post-ARD Additional Interest Rate.

  • The Manager shall provide written notice to the Indenture Trustee of the Post-ARD Additional Interest Rate.

  • The outstanding principal balance of each Component of the Loan shall bear interest for each Interest Accrual Period at a rate per annum equal to the lesser of (i) the Component Rate, plus, following the Anticipated Repayment Date for such Component (other than any such Component corresponding to any Series of Risk Retention Securities), the Post-ARD Additional Interest Rate for such Component and (ii) the Maximum Rate.

  • The outstanding principal balance of each Component of the Loan shall bear interest for each Interest Accrual Period at a rate per annum equal to the lesser of (i) the Component Rate, plus, following the Anticipated Repayment Date for such Component, the Post-ARD Additional Interest Rate for such Component and (ii) the Maximum Rate.


More Definitions of Post-ARD Additional Interest Rate

Post-ARD Additional Interest Rate. With respect to any applicable Class of Notes, the note interest rate specified in the applicable Series Supplement.
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Post-ARD Additional Interest Rate. With respect to the Series 2018-1 Notes, a rate determined by the Property Manager to be the greater of (i) 5.0% and (ii) the applicable Post-ARD Reset Rate.
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Post-ARD Additional Interest Rate. With respect to any Class of Series 2014-1 Notes, a per annum rate equal to the rate determined by the Property Manager to be the greater of (i) 5.0% and (ii) the amount, if any, by which the sum of the following exceeds the Note Rate for such Class of Series 2014-1 Notes: (A) the yield to maturity (adjusted to a "mortgage equivalent basis" pursuant to the standards and practices of the Securities Industry and Financial Markets Association) on such Anticipated Repayment Date of the United States Treasury Security having a term closest to ten years, plus (B) 5.0%, plus (C) the Post-ARD Spread. "Post-ARD Spread" is 0.50%.
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Post-ARD Additional Interest Rate means, for a Class of Notes, an annual rate determined by the Servicer to be the greater of (i) 5.00%; and (ii) the amount, if any, by which the sum of the following exceeds the related Note Rate: (A) the yield to maturity (adjusted to a “mortgage equivalent basis” pursuant to the standards and practices of the Securities Industry and Financial Markets Association) on the Anticipated Repayment Date of the United States Treasury Security having a term closest to ten (10) years, plus (B) 5.00%, plus (C) the related Post-ARD Spread.
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Post-ARD Additional Interest Rate. A per annum rate equal to the rate determined by the Property Manager to be the greater of (i) 5.0% and (ii) the amount, if any, by which the sum of the following exceeds the Note Rate for such Series 2014-2 Notes: (A) the yield to maturity (adjusted to a “mortgage equivalent basis” pursuant to the standards and practices of the Securities Industry and Financial Markets Association) on such Anticipated Repayment Date of the United States Treasury Security having a term closest to ten years, plus (B) 5.0%, plus (C) the Post-ARD Spread. "Post-ARD Spread" is 0.50%.
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Post-ARD Additional Interest Rate means, for a Class of Notes, an annual rate determined by the Servicer to be the greater of (i) [***]%; and (ii) the amount, if any, by which the sum of the following exceeds the related Note Rate: (A) the yield to maturity (adjusted to a “mortgage equivalent basis” pursuant to the standards and practices of the Securities Industry and Financial Markets Association) on the Anticipated Repayment Date of the United States Treasury Security having a term closest to ten years, plus (B) [***]%, plus (C) the related Post-ARD Spread.
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Post-ARD Additional Interest Rate has the meaning assigned thereto in the Loan Agreement Supplement for such Component.
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