Weighted Average Note Interest Rate definition
Weighted Average Note Interest Rate means, with respect to any Interest Period, the weighted average of the Class A-1 Note Rate and the Class A-2 Note Rate (weighted on the basis of the outstanding principal balance of the Class A-1 Notes and the Class A-2 Notes as of the close of business on the preceding Payment Date after giving effect to all payments made on such Payment Date).
Weighted Average Note Interest Rate means, for any Distribution Date during a Funding Period, the sum of the weighted average Interest Rates of all Classes of Notes then outstanding weighted based on the note principal balance of each such Class.