Assumed Note Rate definition

Assumed Note Rate means, with respect to each Component of the Loan, an interest rate equal to the sum of 0.50%, plus the applicable Component Spread, plus LIBOR as determined on the preceding Interest Determination Date.

Assumed Note Rate shall have the meaning set forth in Section 2.4.1 hereof.

Assumed Note Rate means an interest rate equal to the sum of one percent (1%) plus the LIBOR Rate as determined on the preceding Interest Determination Date plus the LIBOR Margin.

Examples of Assumed Note Rate in a sentence

• If it is determined by Lender that the Applicable Interest Rate for the Interest Period in which such prepayment occurs is less than the Assumed Note Rate, Lender shall promptly refund to Borrower, without interest, an amount equal to the difference between the interest paid by Borrower for the Interest Period in which such prepayment occurs calculated at the Assumed Note Rate and the amount of interest for said Interest Period calculated at the actual Applicable Interest Rate.

• If it is determined by Lender that LIBOR as so determined for the applicable Interest Accrual Period plus the applicable Spread is less than the Assumed Note Rate, Lender shall promptly refund to Borrower, without interest, an amount equal to the difference between (x) the Assumed Note Rate Payment and (y) the amount of interest which would have been payable on the prepaid amount based on LIBOR as determined on the Interest Determination Date.

• If it is determined by Lender that the Applicable Interest Rate for the Interest Period in which such prepayment occurs is less than the Assumed Note Rate, Lender shall promptly refund to Borrower, without interest, an amount equal to the difference between the interest paid by Borrower on the prepaid amount for such Interest Period calculated at the Assumed Note Rate and the amount of interest on the prepaid amount for such Interest Period calculated at the actual Applicable Interest Rate for the Loan.

• The Basic Rent Percentage, Interim Rent Percentage, and Early Buyout Percentages of each Item of Equipment set forth in the above table were computed on the assumption that the rate defined as the "closing rate" published daily on page 217 of Telerate, for the United States Treasury Note maturing 3.50 years from the Acceptance Date of such Item of Equipment(the "Applicable Rate"), as determined on the Rent Adjustment Computation Date (hereinafter defined), is equal to 5.32% (the "Assumed Note Rate").

More Definitions of Assumed Note Rate

Assumed Note Rate means, with respect to each Component of the Loan, an interest rate equal to the sum of 25 basis points plus LIBOR plus the applicable Component Spread (provided that such 25 basis points shall be increased to 75 basis points if the Assumed Note Rate is applied in connection with a full prepayment of the Loan).

Assumed Note Rate means an interest rate equal to the sum of 1% plus the Spread plus the LIBOR Floor.

Assumed Note Rate means an interest rate equal to the sum of 1%, plus the Spread plus LIBOR as determined on the preceding Interest Determination Date.

Assumed Note Rate is defined in Section 2.8(A).

Assumed Note Rate means an interest rate equal to the sum of one percent (1.00%) plus the LIBOR Rate as determined on the preceding LIBOR Determination Date plus three percent (3.00%).

Assumed Note Rate means with respect to each Floating Rate Component of the Loan, an interest rate equal to the sum of (A) one half of one percent (0.50%) plus (B) the applicableFloating Rate Component Spread, plus (C) LIBOR as determined on the preceding Determination Date. “Available Cash” has the meaning set forth in Section 2.7.2(k).

Assumed Note Rate means an interest rate equal to the sum of (x) 1.00% plus (y) LIBOR as determined on the preceding Interest Determination Date plus (z) the Spread.