Class Note Rate definition

Class Note Rate for any Class of Principal Amount Notes is a per annum rate equal to the least of
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Class Note Rate for any Class of Principal Amount Notes is for the first Interest Period a per annum rate equal to the sum of the interpolated one-month and two-month LIBOR and the Applicable Margin, and for any subsequent Interest Period, a per annum rate equal to the least of
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Class Note Rate for any Class of Principal Amount Notes is for the first Interest Period is a per annum rate equal to the sum of the interpolated one-month and two-month LIBOR and the applicable margin, and for any subsequent Interest Period, a per annum rate equal to the least of o the sum of LIBOR as of the Adjustment Date for that Interest Period and the applicable margin, o the Maximum Rate for that Class Notes for that Interest Period, and o [16.00]%. The interpolated one-month and two-month LIBOR shall be equal to one-month LIBOR for the first Interest Period plus the product of o the excess of two-month LIBOR for the first Interest Period over one-month LIBOR for the first Interest Period, multiplied by o a fraction whose numerator is the number of days from the one-month anniversary of the Closing Date to the first Payment Date and whose denominator is 30.
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More Definitions of Class Note Rate

Class Note Rate. With respect to any Interest Accrual Period will be the lesser of (a) the One-month LIBOR plus [ ]% and (b) the Maximum Rate.
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Related to Class Note Rate

  • Class A Note Rate means 2.97% per annum.

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Class A-1 Note Rate means, with respect to any Quarterly Interest Period, the interest rate per annum (computed on the basis of the actual number of days in such Quarterly Interest Period over a year of 360 days) equal to Three-Month LIBOR for the related LIBOR Reset Period plus 0.08%.

  • Class C Note Rate means 3.48% per annum.

  • Note Rate means, in the case of the Class A-1 Notes, the Class A-1 Rate; in the case of the Class A-2a Notes, the Class A-2a Rate; in the case of the Class A-2b Notes, the Class A-2b Rate; in the case of the Class A-3 Notes, the Class A-3 Rate; in the case of the Class A-4 Notes, the Class A-4 Rate; in the case of the Class B Notes, the Class B Rate; in the case of the Class C Notes, the Class C Rate; and in the case of the Class D Notes, the Class D Rate.

  • Class A-2 Note Interest Rate means a rate per annum equal to %.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Net Note Rate means, with respect to each Note, the applicable Note Rate minus the Servicing Fee Rate.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

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

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class C Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class B Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • Class E Interest Rate means 5.02% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

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

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

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

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

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