Senior Note Rate definition

Senior Note Rate means the Senior Note Rate set forth on the Mortgage Loan Schedule.

Senior Note Rate means the Regular Interest Rate.

Senior Note Rate means with respect to Notes, 4.50%.

Examples of Senior Note Rate in a sentence

• The Administrator shall determine the Senior Monthly Funding Costs, the Contingent Monthly Funding Costs and the Class A Senior Note Rate based on the information provided by the Funding Agents and the Non-Conduit Purchasers.

• The Administrator shall determine the Senior Monthly Funding Costs, the Contingent Monthly Funding Costs, the Class A Senior Note Rate and the Class B Senior Note Rate based on the information provided by the Funding Agents and the Non-Conduit Purchasers.

• An applicant must apply for at least $100,000 and may apply for a maximum HOME grant of$500,000.

• The Administrator shall determine the Senior Monthly Funding Costs, the Contingent Monthly Funding Costs and the Class A Senior Note Rate for the last Series 2010-6 Interest Period on the Determination Date immediately preceding the final Distribution Date based on the information provided by the Funding Agents and the Non-Conduit Purchasers.

• The Administrator shall determine the Senior Monthly Funding Costs, the Contingent Monthly Funding Costs, the Class A Senior Note Rate and the Class B Senior Note Rate for the last Series 2015-3 Interest Period on the Determination Date immediately preceding the final Distribution Date based on the information provided by the Funding Agents and the Non-Conduit Purchasers.

More Definitions of Senior Note Rate

Senior Note Rate has the meaning assigned to such term in Section 1.01 of the Indenture.

Senior Note Rate means a Note Rate equal to 1.388% per annum;

Senior Note Rate means a Note Rate equal to 5.681% per annum;

Senior Note Rate means, with respect to any Quarterly Payment Date and the related Quarterly Interest Period, the interest rate per annum (computed on the basis of the actual number of days in such Quarterly Interest Period over a year of 365 days (366 in the case of a leap year)) equal to the lesser of (i) the Senior Note T-Xxxx Rate for such Quarterly Interest Period and (ii) the Student Loan Rate for such Quarterly Interest Period; provided, that, notwithstanding the foregoing, the Senior Note Rate for the first Quarterly Interest Period shall be equal to the Senior Note T-Xxxx Rate for such Quarterly Interest Period.

Senior Note Rate. (based on [T-Xxxx Rate] [Student Loan Rate]) Subordinate Note Rate:_____% (based on [T-Xxxx Rate] [Student Loan Rate])

Senior Note Rate means the fixed per annum rate equal to 8.25%; provided that the Senior Note Rate shall, to the extent permitted by Applicable Law, be increased by 2% per annum (calculated on the basis of a 360-day year consisting of twelve 30-day months) (it being understood that the Senior Note Rate shall never exceed 10.25%) upon the occurrence of: (a) the failure to pay in full the Senior Notes on the Maturity Date (such additional 2% beginning to accrue from the Maturity Date) or (b) the failure to pay interest on the Senior Notes on any Interest Payment Date and such failure continues for five Business Days (such additional 2% beginning to accrue from such Interest Payment Date); and, in each case, will continue to accrue at such higher rate until such circumstance has been remedied in full.

Senior Note Rate means the fixed per annum rate equal to 8.25%; provided that the Senior Note Rate shall, to the extent permitted by Applicable Law, be increased by 2% per annum (calculated on the basis of a 360-day year consisting of twelve 30-day months) (it being understood that the Senior Note Rate shall never exceed 10.25%) upon the occurrence of: (a) the failure to pay in full the