Final Applicable Interest Rate
Final Applicable Interest Rate. With respect to an Interest Accrual Period, (a) if no Rate Reset Event has occurred with respect to such Interest Accrual Period, the related Applicable Interest Rate, or (b) if a Rate Reset Event has occurred with respect to such Interest Accrual Period, the weighted average of the Applicable Interest Rate deemed to be in effect prior to the related Reset Date and the Applicable Interest Rate deemed to be in effect commencing on such Reset Date (weighted on the basis of the number of days each...
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Found in
loanDepot, Inc. contract