Note Rate definition

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.

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

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

Examples of Note Rate in a sentence

• To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2022-1 Class A-1 Note Rate.

• In addition, regular interest will continue to accrue at the Series 2022-1 Class A-2 Note Rate from and after the Series 2022-1 Anticipated Repayment Date.

• The Issuer will pay interest on this Series 2022-1 Class A-1 Advance Note (this “Note”) at the Series 2022-1 Class A-1 Note Rate for each Interest Accrual Period in accordance with the terms of the Indenture.

• The holder of this Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date and amount of each Increase and Decrease with respect thereto and the Series 2022-1 Class A-1 Note Rate applicable thereto.

• From and after the Series 2022-1 Closing Date, the applicable portions of the Series 2022-1 Class A-1 Outstanding Principal Amount will accrue (i) interest at the Series 2022-1 Class A-1 Note Rate and (ii) Series 2022-1 Class A-1 L/C Fees at the applicable rates provided therefor in the Series 2022-1 Class A-1 Note Purchase Agreement.

More Definitions of Note Rate

Note Rate means, with respect to any Series or any Class of any Series of Notes, the annual rate at which interest (other than contingent additional interest) accrues on the Notes of such Series or such Class of such Series of Notes (or the formula on the basis of which such rate will be determined) as stated in the applicable Series Supplement.

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.

Note Rate means, with respect to each Note, the Note Rate set forth on the Mortgage Loan Schedule with respect to such Note.