Notification of Note Rate. On the third Business Day immediately preceding each Determination Date, the Agent shall calculate the Note Rate and the Interest Distribution Amount applicable to all Notes for the applicable Interest Accrual Period and shall notify the Indenture Trustee and the Servicer of such rate and amount by written notice.
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Samples: Note Funding Agreement (Bluegreen Corp), Note Funding Agreement (Bluegreen Corp), Note Funding Agreement (Bluegreen Corp)
Notification of Note Rate. (a) On the third Business Day immediately preceding each Determination Date, the Agent shall calculate the Note Rate and the Interest Distribution Amount applicable to all Notes for the applicable Interest Accrual Period and shall notify the Indenture Trustee and the Servicer of such rate and amount by written notice. Such rate and amount shall be calculated using an estimate of the Note Rate, if necessary, for the remaining days in such Interest Accrual Period. The Agent shall consult with the Structured Purchaser in the determination of the CP Rate.
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Notification of Note Rate. (a) On the third Business Day immediately preceding each Determination Date, the Agent shall calculate the CP Note Rate and the LIBOR Note Rate and the Interest Distribution Amount applicable to all Notes for the applicable Interest Accrual Period and shall notify the Indenture Trustee and the Servicer of such rate and amount by written notice. Such rate and amount shall be calculated using an estimate of the applicable Note Rate, if necessary, for the remaining days in such Interest Accrual Period. The Agent shall consult with the Structured Purchaser in the determination of the CP Note Rate.
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