Note B Interest Rate definition

Note B Interest Rate means the Note B Interest Rate set forth in the Mortgage Loan Schedule.

Note B Interest Rate shall have the meaning assigned to such term in the Mortgage Loan Schedule.

Note B Interest Rate means individually or collectively, as the context may require, the Note B-1 Interest Rate and/or the Note B-2 Interest Rate, as the case may be.

Examples of Note B Interest Rate in a sentence

• Except as provided in Section 2.05, the Obligations shall bear interest at the Note A Interest Rate, with respect to the outstanding principal balance from time to time of Note A, and at the Note B Interest Rate, with respect to the outstanding principal balance from time to time of Note B.

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• Notwithstanding the above, on the Closing Date Borrower shall pay to Lender an amount equal to the interest which will accrue on the principal balance of the Loan calculated at the Note A Interest Rate with respect to Tranche A and at the Note B Interest Rate with respect to Tranche B from and after the Closing Date through and including the last day of the calendar month during which the Closing occurs.

• To the extent that such reimbursement is not made within ten days after demand therefor, such amounts shall accrue interest at the Note B Interest Rate.

• The “Note B Interest Rate” shall be the rate of interest per annum equal to the sum of the Note B Interest Rate Spread plus the LIBO Rate.

More Definitions of Note B Interest Rate

Note B Interest Rate means, with respect to each Note B, a rate equal to 3.438% per annum (or, when applicable pursuant to this Agreement or any other Loan Document, the Default Rate).”

Note B Interest Rate means with respect to Note B-1-EMP, Note B-1-SFC, Note B-2-EMP and Note B-2-SFC, individually or collectively, as the context may require, the Interest Rate set forth for such Note in the Mortgage Loan Schedule.

Note B Interest Rate in its entirety to read as follows:

Note B Interest Rate means a rate per annum equal to 3.86465618%.

Note B Interest Rate means a fixed annual rate of interest equal to nine and seven-tenths percent (9.70%) per annum. Interest on Note B shall be calculated on the basis of a year of 360 days and charged for the actual number of days elapsed.

Note B Interest Rate means the rate that results from applying all Monthly Debt Service Payment Amounts to payment of interest on Note B, after payment of the required interest on Note A-1 and Note A-2 as required hereunder.

Note B Interest Rate. Tranche A: 6.78% per annum Tranche B: 6.39% per annum ------------------------------------------------------------------------------------------------------ Note A Default Interest Rate: Lesser of (a) the maximum rate permitted by law or (b) 5% plus the greater of (A) the Tranche A Note Rate or the Tranche B Note Rate, as applicable or (B) the prime rate (as set forth in Note A). ------------------------------------------------------------------------------------------------------ Note B Default Interest Rate: Lesser of (a) the maximum rate permitted by law or (b) 5% plus the greater of (A) the Tranche A Note Rate or the Tranche B Note Rate, as applicable or (B) the prime rate (as set forth in Note B). ------------------------------------------------------------------------------------------------------ XXXXXXX X-0 INDIVIDUAL LOAN SCHEDULE