Stated Rate of Interest definition

Stated Rate of Interest means, with respect to any class of the Notes for any Interest Accrual Period, the interest rate set forth in such class of Notes for such Interest Accrual Period.

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Stated Rate of Interest means (i) with respect to each subclass of ACS Group Securities (other than Class E Securities), the interest rate set forth in such ACS Group Securities and (ii) with respect to the Certificates, has the meaning given to such term in the Pass Through Trust Agreement, plus, in the case of clauses (i) and (ii) above, after the Expected Final Payment Date, 0.05% per annum.

Stated Rate of Interest means, with respect to each subclass of Notes (a) the interest rate set forth in such Notes plus (b) Maturity Step-Up Interest, if any, thereon plus (c) (i) with respect to Initial Notes that are Registrable Notes, if a Registration Default (as defined and determined under Section 5 of the Registration Rights Agreement relating to such Initial Notes) shall have occurred and be continuing, 0.5% per annum until such Registration Default shall no longer be deemed to be continuing (as determined under Section 5 of such Registration Rights Agreement), or (ii) with respect to any Refinancing Notes or Additional Notes that are Registrable Notes, an exchange offer of Exchange Notes for such Refinancing Notes or Additional Notes is not commenced or a Shelf Registration Statement for the resale of such Refinancing Notes or Additional Notes is not declared effective by the Commission, on or before the date specified in the Registration Rights Agreement, if any, relating to such Refinancing Notes or Additional Notes that are also Registrable Notes, plus such additional rate specified in such Registration Rights Agreement until such date as is so specified (the additional interest resulting from any such increase pursuant to clause (i) or (ii), "Registration Step-Up Interest").

Examples of Stated Rate of Interest in a sentence

Any amount of premium or interest on any subclass of Securities not paid when due shall, to the fullest extent permitted by applicable law, bear interest at an interest rate per annum equal to the Stated Rate of Interest for such Securities from the date when due until such amount is paid or duly provided for, due and payable on the next succeeding Payment Date, subject to the availability of the Available Collections therefor after making payments entitled to priority under Section 3.08 hereof.
The Borrower shall pay interest on the interest that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, at a rate per annum equal at all times to 2% per annum above the Stated Rate of Interest (the “Default Rate”).
If any Loan or Class E Security to be repaid shall not be so paid upon, the amount in respect thereof shall continue to bear interest until paid from the Repayment Date at the Stated Rate of Interest.
If any Loan to be repaid shall not be so paid upon, the amount in respect thereof shall continue to bear interest until paid from the Repayment Date at the Stated Rate of Interest.
If any Security to be redeemed shall not be so paid upon surrender thereof for redemption, the amount in respect thereof shall continue to bear interest until paid from the Redemption Date at the Stated Rate of Interest applicable to such Security.
At such time as a judgment is obtained for any amounts owing under this Note or any documents or instrument securing this Note, interest shall continue to accrue on the amount of the judgment at a rate equal to Five Percent (5%) above the Stated Rate of Interest, compounded monthly.
Upon the occurrence and during the continuation of an Event of Default, at Lender's option, at Lender's sole discretion, Lender may increase the Stated Rate of Interest, as set forth in Schedule Section 2.2.(i), up to an additional two percent (2%) per annum, but not in excess of the Maximum Rate, and shall provide Borrower contemporaneous administrative written notice.
Upon an Event of Default the unpaid principal sum hereof and accrued but unpaid interest shall bear interest at a rate equal to Five Percent (5%) above the Stated Rate of Interest (as defined in Section 1 hereof), compounded monthly, retroactive to the date of occurrence of such Event of Default.
Interest shall accrue on the unpaid principal balance of this Note at the rate of Ten Percent (10%) per annum (the "Stated Rate of Interest") from the date hereof.

More Definitions of Stated Rate of Interest

Stated Rate of Interest means, with respect to each subclass of AerCo Group Notes, the interest rate set forth in such AerCo Group Notes; provided, however, if an exchange offer registered under the Securities Act is not consummated or a Shelf Registration Statement under the Securities Act with respect to resales of (i) the Initial Notes other than the Subclass D-1 Notes or the Subclass E-1 Notes is not declared effective by the Commission on or prior to the date that is 270 days after the Initial Closing Date provided that if such day is not a Business Day, then the next succeeding Business Day, the Stated Rate of Interest for such AerCo Group Notes shall increase by 0.5% per annum until (A) such exchange offer is consummated or (B) the Shelf Registration Statement is declared effective or (ii) any AerCo Group Additional Notes is not declared effective by the Commission on or prior to the date specified in the Registration Rights Agreement relating to such AerCo Group Notes, the Stated Rate of Interest shall increase by the rate specified in such Registration Rights Agreement until such time as is specified therein.

Stated Rate of Interest means, with respect to the Notes for any Interest Accrual Period, 14% per annum, plus, if (i) the Issuer or the Trustee makes a Visual Connections Payment or a ▇▇▇▇▇▇▇ Payment, (ii) a Royalty Payment is reduced by all or a portion of a Marketing Payment, Liquidated Damages or any other amount, or (iii) ▇▇▇▇▇▇▇ makes a ▇▇▇▇▇▇▇ Payment, the Stated Rate of Interest shall be increased by seventy-five hundredths of a percent (0.75%) until such time as MedPro has reimbursed the Issuer the full amount of any such Visual Connections Payment, Liquidated Damages, other amount or ▇▇▇▇▇▇▇ Payment, as the case may be, and such amount has been deposited in the Collection Account for application as a Collection and as an Available Collection Amount in accordance with Section 3.7.

Stated Rate of Interest means, with respect to each subclass of MSAF Group Notes, the interest rate set forth in such MSAF Group Notes; provided, however, if an exchange offer registered under the Securities Act is not consummated or a Shelf Registration Statement under the Securities Act with respect to resales of (i) the Initial Notes is not declared effective by the Commission on or prior to the date that is 270 days after the Initial Closing Date provided that if such day is not a Business Day, then the next succeeding Business Day, the Stated Rate of Interest for such MSAF Group Notes shall increase by 0.5% per annum until (A) such exchange offer is consummated or (B) the Shelf Registration Statement is declared effective or (ii) any MSAF Group Additional Notes is not declared effective by the Commission on or prior to the date specified in the Registration Rights Agreement relating to such MSAF Group Notes, the Stated Rate of Interest shall increase by the rate specified in such Registration Rights Agreement until such time as is specified therein.

Stated Rate of Interest means, in the case of the Class A Notes, 7.00%, and in the case of any Refinancing Notes or Class B Notes, the Stated Rate of Interest established by the Board Resolution or indenture supplemental hereto providing for the issuance of such Refinancing Notes or Class B Notes.