Operating Account Rate
Operating Account Rate. For any month, (a) One-Month LIBOR plus [__]% if the average balance of the Operating Account during given quarter equals or exceeds the Minimum Balance Requirement, or (b) [__]; provided, however, interest shall not accrue on any amounts in the Operating Account in excess of the aggregate outstanding Repurchase Price for all Purchased Assets at any time.
All Definitions
Found in
DITECH HOLDING Corp contract