Note Rate definition

Note Rate means any of the Note A Rate and the Note B Rate, as applicable.

Note Rate means, with respect to any Series of Notes (or, for any Series with more than one Class, for each Class of such Series), the annual rate at which interest accrues on the Notes of such Series of Notes (or formula on the basis of which such rate shall be determined) as stated in the applicable Series Supplement, if any.

Examples of Note Rate in a sentence

Subject to the terms, conditions, and provisions of Section 1.11(ii) of this Agreement, the Borrower shall pay interest on the outstanding principal balance of each Note at the Note Rate.
During the existence of any Event of Default, the Borrower hereby promises to pay, at the Administrative Agent’s election, interest on the outstanding principal balance of the Loan at a rate per annum (hereinafter referred to as the “Default Rate”) equal to the lesser of (a) the sum of (1) the Note Rate plus (2) five percent (5.0%) or (b) the maximum interest rate permitted under applicable Law in the State.

Note Rate shall have the meaning assigned to such term in the Mortgage Loan Documents.

Note Rate means either of the Senior Note Rate and the Junior Note Rate, as applicable.

Note Rate. With respect to any Mortgage Loan at any time any determination thereof is to be made, the annual rate at which interest accrues thereon.

Note Rate. For each Mortgage Loan, the rate at which the related promissory note accrues interest. For purposes of calculating the Certificate Rates on the Interests and Certificates, the Note Rate of a Mortgage Loan shall be calculated without regard to any modification, waiver or amendment of the interest rate of the Mortgage Loan, whether agreed to by the Servicer or resulting from a bankruptcy, insolvency or similar proceeding involving the related Mortgagor.

Note Rate. The rate of interest borne by each Note according to its terms.

Note Rate means the rate specified in the Adoption Annex.