Class E Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).
Class E Interest Rate means prior to the twenty-fourth Distribution Date, 0.00%. From and after the twenty-fourth Distribution Date, (i) if on the twenty-fourth Distribution Date the excess of the Pool Balance over the Outstanding Amount of the Notes is equal to or greater than the greater of (1) the Pool Balance times 14.75% minus the Specified Reserve Balance and (2) the Original Pool Balance times 0.50%, 2.68% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months); or (ii) if on the twenty-fourth Distribution Date the excess of the Pool Balance over the Outstanding Amount of the Notes is less than the greater of (1) the Pool Balance times 14.75% minus the Specified Reserve Balance and (2) the Original Pool Balance times 0.50%, 0.00%.
Examples of Class E Interest Rate in a sentence
The Management Company shall notify the Class A Interest Rate, the Class B Interest Rate, the Class C Interest Rate, the Class D Interest Rate, the Class E Interest Rate and the Class F Interest Rate to the Paying Agent at least one (1) Business Day in advance to each Payment Date (or such other date as agreed between the Management Company and the Paying Agent from time to time), and shall notify them in writing on that same date to the Lead Manager.
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More Definitions of Class E Interest Rate
Class E Interest Rate has the meaning assigned to such term in the Indenture.
Class E Interest Rate means 0.00% per annum through and including the Interest Period for the twentieth Payment Date following the Closing Date. For each Interest Period following the Interest Period for such twentieth Payment Date, (i) if on the twentieth Payment Date the Targeted Overcollateralization Amount has been reached, interest on the Class E Notes will accrue at 4.16% per annum, or (ii) if on the twentieth Payment Date the Targeted Overcollateralization Amount has not been reached, interest on the Class E Notes will accrue at 0.00% per annum (computed, in each case, on the basis of a 360-day year of twelve 30-day months).
Class E Interest Rate means 7.65% per annum.