Subordinated Note Rate definition

Subordinated Note Rate is defined in Section 3.01(c) of the Receivables Purchase Agreement.

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Subordinated Note Rate has the meaning set forth in the Trust Agreement.

Subordinated Note Rate means [ ]% per annum (computed on the basis of a ---------------------- 360-day year of twelve 30-day months).

Examples of Subordinated Note Rate in a sentence

All interest in the Subordinated Note that is not paid when due pursuant to this paragraph shall be payable on the next Interest Payment Date on which funds are available, and all such unpaid interest shall accrue interest at the Subordinated Note Rate until paid in full.
All interest in the Subordinated Note that is not paid when due pursuant to this paragraph shall be payable on the next Interest Payment Date on which funds are available therefore and all such unpaid interest shall accrue interest at the Subordinated Note Rate until paid in full.
To the extent that interest on the Subordinated Notes or the Trust Certificates is accrued but not paid in full on any Payment Date, such overdue interest shall be due on the next Payment Date together with interest on such amount (to the extent lawful) at the Subordinated Note Rate or the Certificate Rate, as the case may be.
All interest on the Subordinated Note that is not paid when due pursuant to this paragraph shall be payable on the next Interest Payment Date on which funds are available, and all such unpaid interest shall accrue interest at the Subordinated Note Rate until paid in full.
The Calculation Agent shall also specify to the Co-Issuers the quotations upon which the foregoing rates and amounts are based, and in any event the Calculation Agent shall notify the Co-Issuers before 5:00 p.m. (New York time) on every Interest Determination Date if it has not determined and is not in the process of determining any such Note Interest Rate, Senior Subordinated Note Rate.

More Definitions of Subordinated Note Rate

Subordinated Note Rate is defined in SECTION 3.1(c) of the Receivables Purchase Agreement.

Subordinated Note Rate is defined in Section 3.1(c) of this Agreement.

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

Subordinated Note Rate means a Note Rate equal to 2.438% per annum;

Subordinated Note Rate means a Note Rate equal to 3.430% per annum;

Subordinated Note Rate means a Note Rate equal to 6.108% per annum;

Subordinated Note Rate means, for a Series, the rate that is equivalent to the pre-tax yield of 800 basis points over the yield of the U.S. Treasury security having a maturity nearest to the weighted average life of the Class A Notes of such Series. The Subordinated Note Rate for a Series shall be specified in the related Supplement.