Collateral Minimum Interest Rate means the rate designated as such in the Transfer Agreement; provided that for purposes of this Supplement, such rate shall not exceed LIBOR plus 2.00% per annum.

Collateral Minimum Interest Rate means (i) initially, a per annum rate equal to 3.386%, and (ii) following a Note Trust Transfer, the rate specified in the applicable Transfer Agreement (as modified as described therein); provided that for purposes of this Supplement, such rate shall not exceed 3.386% per annum.

Collateral Minimum Interest Rate means (i) initially, a per annum rate equal to 5.203%, and (ii) following a Note Trust Transfer, the rate specified in the applicable Transfer Agreement (as modified as described therein); provided that for purposes of this Supplement, such rate shall not exceed 5.203% per annum.

Examples of Collateral Minimum Interest Rate in a sentence

The Servicer shall determine, and promptly notify the Transferor and the Trustee of, the Class A Certificate Rate, the Class B Certificate Rate, the Collateral Minimum Interest Rate and the Collateral Senior Minimum Interest Rate for the applicable Interest Accrual Period.
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More Definitions of Collateral Minimum Interest Rate

Collateral Minimum Interest Rate means the rate designated as -------------------------------- such in the Transfer Agreement, such rate not to exceed 6.60% per annum.

Collateral Minimum Interest Rate means: (A) (i) initially, a per annum rate equal to LIBOR plus 1.484%, and (ii) following a Benchmark Transition Event and its related Benchmark Replacement Date, the rate determined in accordance with the provisions of Section 4.14; provided that if the rate specified in clause (i) or clause (ii) is less than 0.00% for any Interest Accrual Period, then the Collateral Minimum Interest Rate for such Interest Accrual Period shall be deemed to be 0.00%; and (B) following a Note Trust Transfer, the rate specified in the applicable Transfer Agreement (as modified as described therein); provided that for purposes of this Supplement, such rate shall not exceed the rate specified in clause (A)(i) or clause (A)(ii), as applicable.

Collateral Minimum Interest Rate means the rate designated as

Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.
Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;
Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.
Interest Rate Cap means the establishment of an upper limit for a variable interest rate.
Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;