Note A-3 Default Rate means a rate per annum equal to the Note A-3 Rate plus the Note Default Interest Spread.
Default Rate means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted by applicable Laws.
Post-Default Rate means, in respect of any principal of any Loan or any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans plus four percent (4.0%).
Note A Rate means the Note A Rate set forth on the Mortgage Loan Schedule.
Non-default Rate means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.
Net Note A Rate means the Note A Rate minus the Servicing Fee Rate.
Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;
Note B Rate means the Note B Rate set forth on the Mortgage Loan Schedule.
Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.
Note Default Interest Spread means, with respect to the outstanding principal balance of any Note, a rate per annum equal to the lesser of (i) the Maximum Legal Rate minus the Note A Rate or (ii) five percent (5%).
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.
Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.
Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.
Net Note Rate means, with respect to each Note, the applicable Note Rate minus the Servicing Fee Rate.
Default Rate of Interest means a rate of interest per annum equal to the sum of: (i) two percent (2%), (ii) the Chase Bank Rate, and (iii) the then Applicable Margin for Chase Bank Rate Loans, which rate the Agent shall be entitled to charge the Borrowers on all Obligations due the Lenders or the Agent by the Borrowers to the extent provided in Section 10.2 of this Financing Agreement.
Note A-2-1 shall have the meaning assigned to such term in the recitals.
Loan Default means any event, condition or failure which, with notice or lapse of time or both, would become a Loan Event of Default.
Note A-2-2 shall have the meaning assigned to such term in the recitals.
Note A-2 Securitization Date means the closing date of the Note A-2 Securitization.
Note A-3 Securitization Date means the closing date of the Note A-3 Securitization.
Class A-3 Interest Rate means 1.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).
Net Note B Rate means the Note B Rate minus the Servicing Fee Rate.
Note A-2 Principal Balance” set forth on the Mortgage Loan Schedule, less any payments of principal on Note A-2 received by the Note A-2 Holder or reductions in the principal balance thereof pursuant to Section 3 or 4, as applicable.
Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.
Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Prime Rate.
Note A-5 Securitization Date means the closing date of the Note A-5 Securitization.
Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.