Earned Discount Rate definition

Earned Discount Rate means for any Settlement Period:

Earned Discount Rate. For any Yield Period for any Asset Tranche funded by a Liquidity Funding, the Bank Rate for such Asset Tranche and such Yield Period; provided, however, on any day when any Liquidation Event or an Unmatured Liquidation Event shall have occurred and be continuing, the Earned Discount Rate for each Asset Tranche shall mean a rate per annum equal to the Base Rate plus 2% per annum.

Earned Discount Rate. For any Yield Period or any CP Tranche Period, as applicable, for any Asset Tranche:

Examples of Earned Discount Rate in a sentence

• The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding.

• For purposes of determining the amounts required to be set aside by Servicer pursuant to Section 1.03, the Administrator shall notify Servicer from time to time of the Earned Discount Rate applicable to the Capital and the rates at which fees and other amounts are accruing hereunder.

• The applicable Earned Discount Rate may be different for each Asset Tranche.

• Subject to the Subordination Provisions, the Initial Purchaser promises to pay interest on the aggregate unpaid principal amount of this Note outstanding on each day (a) prior to the final payment in full and in cash of the Senior Interests, at a variable rate per annum equal to the Earned Discount Rate Percentage, determined as of the then most recent Reporting Date, and (b) after such final payment, at a variable rate per annum equal to the Alternate Base Rate, as determined by the Servicer.

• The Administrator shall, from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche.

More Definitions of Earned Discount Rate

Earned Discount Rate. For any Yield Period for any Asset Tranche funded by a Liquidity Funding, the Bank Rate for such Asset Tranche and such Yield Period; provided, however, on any day when any Liquidation Event or an Unmatured Liquidation Event shall have occurred and be continuing, the Earned Discount Rate for each Asset Tranche shall mean a rate per annum equal to the Base Rate plus 2% per annum. Eligible Assignee: (i) BTMU or any of its Affiliates, (ii) any Person managed by BTMU or any of its Affiliates, (iii) WFB or any of its Affiliates, (iv) any Person managed by WFB or any of its Affiliates, or (v) any financial or other institution acceptable to the Administrative Agent, and approved by the Seller (which approval by the Seller shall not be unreasonably withheld, delayed or conditioned and shall not be required if a Liquidation Event, Unmatured Liquidation Event or Credit Event has occurred and is continuing).

Earned Discount Rate means for any Yield Period with respect to any Asset Tranche, or, in the case of the Asset Tranche funded by commercial Paper Notes, for any Settlement Period:

Earned Discount Rate means, as of any date of determination, a percentage rate calculated by the Agent equal to the sum of the weighted average of the Adjusted Yield Rates related to the Fixed Periods in effect as of such date of determination.

Earned Discount Rate means for any Earned Discount Period for any Purchaser:

Earned Discount Rate means for any day during any Settlement Period:

Earned Discount Rate. For any Yield Period for any Asset Tranche funded by an Alternate Funding or a Liquidity Funding, as the case may be, the Bank Rate for such Asset Tranche and such Yield Period. provided, however, that on any day when any Liquidation Event or an Unmatured Liquidation Event shall have occurred and be continuing, the Earned Discount Rate for each Asset Tranche (including without limitation, Asset Tranches funded through the issuance of Commercial Paper Notes) shall mean a rate per annum equal to the Base Rate plus 2% per annum.

Earned Discount Rate means for any Yield Period with respect to any Asset Tranche, or, in the case of the Asset Tranche funded by Commercial Paper Notes, for any Settlement Period: