Target Monthly Amortization

Example Definitions of "Target Monthly Amortization"
Target Monthly Amortization. Means for any period, the hypothetical monthly payment of principal and interest which would be required for each month during such period if the Deemed Principal Balance was amortized in level payments of principal and interest over a thirty (30) year period at an interest rate per annum equal to the greater of (i) 7.5% per annum, and (ii) 2.75% plus the Treasury Rate.
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