Weighted Average Note Rate definition

Weighted Average Note Rate. With respect to any Distribution Date and the Mortgage Loan, the weighted average of the Note Rates (weighted based on the outstanding principal balance of the related Note as of such date).

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Weighted Average Note Rate means, for any Transfer Date, the sum of:

Weighted Average Note Rate. [ ]% per annum.

Examples of Weighted Average Note Rate in a sentence

If, as of the end of any Interest Accrual Period, the Utilization Percentage is less than the Minimum Utilization Percentage, the Lender shall be entitled to receive a fee (the “Make-Whole Fee”) equal to the product of (x) the average of the daily positive difference, if any, during such Interest Accrual Period of (1) the Minimum Facility Utilization Amount over (2) the Facility Amount and (y) the Weighted Average Note Rate.
The date on which both (i) the aggregate of all Cash Purchase Prices paid exceeds $25,000,000 on or prior to December 1, 2004 and (ii) the Weighted Average Note Rate as of such date of determination is equal to or less than 6.40%.
The Notes issued and delivered on the Delivery Date shall be as follows: Class A Notes: $24,224,526 Class B Notes: $14,000,000 Class C Notes: $0 Class D Notes: $7,750,000 Each Class of Notes will accrue interest during each Interest Accrual Period at the Weighted Average Note Rate on the applicable Note Principal Balance.

More Definitions of Weighted Average Note Rate

Weighted Average Note Rate means, as of any Determination Date, the weighted average of the Class A-1 Note Rate, the Class A-2 Note Rate, the Class A-3 Note Rate and the Class A-4 Note Rate (weighted based on the outstanding Class A-1 Note Balance, the outstanding Class A-2 Note Balance, the outstanding Class A-3 Note Balance and the outstanding Class A-4 Note Balance as of such Determination Date).

Weighted Average Note Rate. [The greater of the Annual Percentage Rate and the Discount Rate applied to each of the Additional Receivables or the Initial Receivables, as applicable, weighted on the basis of (i) the Principal Balance and (ii) the remaining term of each such Receivable, each as of the Applicable Cutoff Date.] [[ ]% per annum.]]

Weighted Average Note Rate means, as of any Determination Date, the weighted average of the Class A Note Rate (weighted based on the outstanding Class A Note Balance as of such Determination Date).

Weighted Average Note Rate means, as of any Determination Date, the weighted average of the Class A-1 Note Rate, the Class A-2 Note Rate, the Class A-3 Note Rate and the Class B Note Rate (weighted based on the outstanding Class A-1 Note Balance, the outstanding Class A-2 Note Balance, the outstanding Class A-3 Note Balance and the outstanding Class B Note Balance as of such Determination Date).

Weighted Average Note Rate the weighted average of the [Class A] -------------------------- Note Rate, the [Class B] Note Rate and the [Class C] Note Rate, calculated as of the Closing Date. For purposes of calculating the Weighted Average Note Rate, the [Class C] Note Rate shall be equal to the [Class B] Note Rate and the balance applicable thereto shall equal _____% of the Initial Aggregate Balance.

Weighted Average Note Rate means the percentage equivalent of a -------------------------- fraction, the numerator of which is the sum of (i) the product of the Class A-1 Rate times the Initial Class A-1 Note Balance plus (ii) the product of the Class A-2 Rate times the Initial Class A-2 Note Balance, and the denominator of which is the sum of the Initial Class A-1 Note Balance and the Initial Class A-2 Note Balance.