Class D Note Interest Rate definition

Class D Note Interest Rate means a per annum rate equal to the sum of (a) the Class D Margin Percentage and (b) LIBOR as determined on the related LIBOR Determination Date with respect to each Interest Period thereafter.

Class D Note Interest Rate means the annual rate of interest payable with respect to the Class D Notes, which shall be equal to 3.03% for the first Remittance Date and thereafter shall be equal to LIBOR plus 1.75% per annum.

Class D Note Interest Rate means a per annum rate of 0.00%.

Examples of Class D Note Interest Rate in a sentence

• During each Interest Accrual Period, this Class D Note will bear interest at the Class D Note Interest Rate.

• The Issuer will pay interest on overdue installments of interest at the Class D Note Interest Rate to the extent lawful.

• The Issuer will pay interest on the unpaid principal amount of this Note at the Class D Note Interest Rate on each Payment Date until the principal amount of this Note is paid in full.

• During each Interest Accrual Period, the Class D Note will bear interest at the Class D Note Interest Rate.

• The amount of monthly interest (“Class D Monthly Interest”) distributable from the Collection Account with respect to the Class D Notes on any Distribution Date shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the immediately preceding Interest Period and the denominator of which is 360, times (B) the Class D Note Interest Rate and (ii) the Class D Average Note Principal Balance for the related Interest Period.

More Definitions of Class D Note Interest Rate

Class D Note Interest Rate means a per annum rate of 3.41%.

Class D Note Interest Rate with respect to any Interest Accrual Period, the rate at which interest accrues on the Class D Notes, which rate shall be ____% per annum.

Class D Note Interest Rate means a per annum rate of 2.95%.

Class D Note Interest Rate. With respect to any Interest Period, [LIBOR for such Interest Period plus] [ ]% per annum.

Class D Note Interest Rate means, for any Interest Period, a per annum rate of 0%; provided, however, that upon notice to the Indenture Trustee and the Servicer, the Class D Note Interest Rate shall equal such other rate as shall be agreed upon by the Issuer and the Class D Noteholders from time to time.

Class D Note Interest Rate means a per annum rate of 2.36%.

Class D Note Interest Rate means a per annum rate equal to the sum of (a) the Class D Margin Percentage and (b) LIBOR as determined on the related LIBOR Determination Date.