Class B Notes Interest Rate definition

Class B Notes Interest Rate means the rate equivalent to the sum (subject to a floor of zero) of LIBOR plus the Class B Interest Margin.

Class B Notes Interest Rate shall have the meaning ascribed to such term in Condition 8(c) (Payments of Interest) of the Class B Notes.

Class B Notes Interest Rate means, (i) with respect to any Class B Note to the extent that the Commercial Paper Funding Rate is in effect for such Class B Note under the Note Purchase Agreement, the applicable Commercial Paper Funding Rate plus 3.75% per annum (or if an Event of Default has occurred and is continuing plus 6.00% per annum) or (ii) to the extent that the Commercial Paper Funding Rate is not in effect for such Class B Note under the Note Purchase Agreement LIBOR plus 4.25% per annum (or if an Event of Default has occurred and is continuing plus 6.00% per annum) or (iii) to the extent that the Commercial Paper Funding Rate is not in effect for such Class B Note under the Note Purchase Agreement and a Eurodollar Disruption Event shall have occurred and be continuing, the Bank Base Rate.

Examples of Class B Notes Interest Rate in a sentence

• Similarly, there is no assurance that the Class B Noteholders will receive for each Class B Note the total principal amount plus interest at the Class B Notes Interest Rate nor that the distributions which are made will correspond to the monthly payments originally agreed upon in the underlying Receivables Contracts.

• The Class B Notes Interest Rate shall each be equal to the aggregate of (i) the Applicable Reference Rate plus (ii) the relevant margin (the “Relevant Margin”), subject to a minimum interest rate of 0.00 per cent.

• The Class A1 Notes Interest Rate and the Class B Notes Interest Rate will be zero if the sum of 1 month Sterling LIBOR + Relevant Margin is less than zero.

• Any Substitute Reference Rate shall apply from (and including) the Interest Determination Date determined by the Issuer in its reasonable discretion, which shall be no earlier than on the second Business Day, prior to the commencement of the relevant Interest Period, falling on or immediately following the date of the Benchmark Event, with first effect for the Interest Period for which the Class A Notes Interest Rate and the Class B Notes Interest Rate, as the case may be, is determined.

• Describe five (5) construction management projects of similar size and scope that you have completed in the past five (5) years and any projects of the past five (5) years specifically related to kitchen and/or prison facilities.

• Determination On each Information Date falling during the Revolving Period, the Management Company and the Class B Notes Subscriber shall jointly agree the Class B Notes Interest Rate applicable to the Class B Notes to be issued on the following Monthly Payment Date.

• Similarly, there is no assurance that the Class B Noteholders will receive for each Class B Note the total principal amount plus interest at the Class B Notes Interest Rate nor that the distributions which are made will correspond to the monthly payments originally agreed upon in the underlying Financing Contracts.

• Class B Notes Interest Rate The class B notes will bear interest at a rate equal to 3-month LIBOR (or, for the initial interest period, the rate determined by the formula set forth above) plus 3.5% per annum.

• A mandatory pre-construction meeting will be arranged by the Owner's representative after the award of the Contract.

• On each Payment Date, the Issuer shall, subject to Condition 5(d), pay to each holder of a Class B Note interest at the Class B Notes Interest Rate on the Series Nominal Amount outstanding immediately prior to the relevant Payment Date, and on each Payment Date the Class B Note qualifies as an Amortising Series of Class B Notes, the Class B Amortisation Amount applicable to such Series of Class B Notes in accordance with the Order of Priority.

More Definitions of Class B Notes Interest Rate

Class B Notes Interest Rate means the higher of: (i) an annual rate equal to Euribor for one-month euro deposits plus a margin which will be [●] per cent. per annum; and (ii) zero (0) per cent.

Class B Notes Interest Rate m shall have the meaning ascribed to such term in Condition

Class B Notes Interest Rate means the rate equivalent to the sum (subject to a floor of zero) of Compounded Daily XXXXX plus the Class B Interest Margin.