Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

Class B Interest Rate means % per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

Class B Interest Rate means [ ]% per annum.

Examples of Class B Interest Rate in a sentence

The Issuer shall pay interest on overdue installments of interest at the Class B Interest Rate to the extent lawful.
Payments pursuant to the Class B Interest Rate Cap will be deposited in the Distribution Account for payment to the Class B Certificateholders on the following Distribution Date.
The Class B Revolving Loans shall accrue interest daily at the Class B Interest Rate.
The Issuer promises to pay interest, if any, at the Class B Interest Rate from time to time, on each Payment Date in each case on the outstanding principal balance hereunder until such outstanding principal balance is paid or until the Termination Date as provided in the Supplement.
Funds deposited in the Collection Account in respect of the sale of all or a portion of a Class A Interest Rate Cap or a Class B Interest Rate Cap shall be applied on the next Transfer Date as, respectively, Class A Available Funds or Class B Available Funds in accordance with subsections 4.6(a) and (b).

More Definitions of Class B Interest Rate

Class B Interest Rate has the meaning assigned to such term in the Indenture.

Class B Interest Rate means 4.94% per annum.

Class B Interest Rate means 0.80% per annum in excess of LIBOR as determined on the related LIBOR Determination Date.

Class B Interest Rate means 8.25% per annum; provided, however, the per annum rate shall be increased by 0.50% beginning on the first Payment Date on which the Note Balances (after giving effect to all payments of principal on such Payment Date) will be less than 10% of the Initial Note Balances if the Class B Notes will not be redeemed on such Payment Date.

Class B Interest Rate means, with respect to any Interest Period, a rate per annum equal to LIBOR, as determined by the Calculation Agent on the LIBOR Determination Date with respect to such Interest Period, plus 1.00%.

Class B Interest Rate. Cap: Beginning on the first Distribution Date, and for a period of 43 months thereafter, an Interest Rate Cap will be pledged to the Trust for the benefit of the Class B Certificates. For its duration, the Class B Interest Rate Cap pays the Trust the product of (i) the difference between the then current 1-month LIBOR rate (not to exceed the cap ceiling) and the cap strike (on an Actual/360 day count basis) and (ii) the Class B Interest Rate Cap Notional Balance ("the Class B Interest Rate Cap Payment") as described on the schedule herein.

Class B Interest Rate means 0.96% per annum (computed on the basis of a 360-day year of twelve 30-day months).