Examples of Interest Rate Floor in a sentence
The Approximate Weighted Average Servicing Fee Margin is included in the rates shown in the columns for Approximate Weighted Average Gross Interest Rate, Approximate Weighted Average Gross Margin, Approx- imate Weighted Average Gross Lifetime Interest Rate Floor and Approximate Weighted Average Gross Lifetime Interest Rate Cap.
The Mortgage Margin, lifetime Mortgage Loan interest rate cap and lifetime Mortgage Loan interest rate floor will equal the related Certificate Margin, Lifetime Certificate Interest Rate Cap and Lifetime Certificate Interest Rate Floor, as applicable, plus the Servicing and Guar- anty Fee Rate, each as shown in Exhibit C.
The notional amount of the Interest Rate Floor serves merely to calculate the respective compensation payment.
When purchasing the Interest Rate Floor you pay an option premium upfront which is not refundable.
The Lifetime Certificate Interest Rate Floor is the minimum certificate interest rate possible based on the MBS Guide.