Applicable Periodic Rate means, with respect to each Class of Secured Notes, the per annum stated interest rate payable on such Class of Secured Notes set forth in the table below; provided that, if a Re-Pricing has occurred with respect to such Class of Secured Notes, the Applicable Periodic Rate will be the applicable Re-Pricing Rate.
Applicable Periodic Rate means, with respect to each Class of Secured Notes, the per annum stated interest rate payable on such Class of Secured Notes set forth in the table below; provided that, if a Re-Pricing has occurred with respect to such Class of Secured Notes, the Applicable Periodic Rate will be the applicable Re-Pricing Rate. Class of Secured NotesApplicable Periodic Rate for each Periodic Interest Accrual PeriodClass A Notes LIBOR + 1.50[●]% per annumClass B Notes LIBOR + 2.25[●]% per annumClass C Notes LIBOR + 3.25[●]% per annumClass D Notes LIBOR + 3.70[●]% per annumClass E Notes LIBOR + 5.40[●]% per annumClass F Notes LIBOR + 6.40[●]% per annum
Applicable Periodic Rate means, with respect to each Class of Secured Notes, the per annum stated interest rate payable on such Class of Secured Notes set forth in the table below; provided that, if a Re-Pricing has occurred with respect to such Class of Secured Notes, the Applicable Periodic Rate will be the applicable Re-Pricing Rate. Class of Secured NotesApplicable Periodic Rate for each Periodic Interest Accrual Period (Prior to the Initial Refinancing Date)Applicable Periodic Rate for each Periodic Interest Accrual Period (On and after the Initial Refinancing Date)Class AX Notes LIBOR + 1.25% per annumN/A Class A Notes LIBOR + 1.25% per annumClass B Notes LIBOR + 1.75% per annumClass C Notes LIBOR + 2.85% per annumClass D Notes LIBOR + 3.20% per annumClass E Notes LIBOR + 5.00% per annumClass F Notes LIBOR + 5.50% per annumLIBOR + 0.60% per annum LIBOR + 0.82% per annum LIBOR + 1.25% per annum LIBOR + 1.70% per annum LIBOR + 2.60% per annum LIBOR + 5.75% per annum LIBOR + 7.25% per annum
Examples of Applicable Periodic Rate in a sentence
An Officer's Certificate of each of the Co-Issuers evidencing the execution, authentication and delivery of the Funding Notes and specifying the Stated Maturity Date, original Aggregate Principal Amount and Applicable Periodic Rate of the Funding Notes to be authenticated and delivered.
To the extent lawful and enforceable, interest on any Class of Secured Notes shall accrue at the Applicable Periodic Rate for the Class, until paid as provided in this Indenture.
Notwithstanding any other provision in this Indenture, but subject to the provisions of Sections 2.7, 5.7, 5.8 and 11.1 hereof, the Holders of the Funding Notes shall have the right, which is absolute and unconditional, to receive the accrued and unpaid interest thereon at the Applicable Periodic Rate and the Aggregate Principal Amount of such Class as such principal and/or interest becomes due and payable in accordance with the Priority of Payments and Section 13.1 hereof.
For the avoidance of doubt, no terms of any Secured Notes other than the Applicable Periodic Rate applicable thereto may be modified or supplemented in connection with a Re-Pricing.
More Definitions of Applicable Periodic Rate
Applicable Periodic Rate means, with respect to each Class of Secured Notes, the per annum stated interest rate payable on such Class of Secured Notes set forth in the table below; provided that, if a Re-Pricing has occurred with respect to such Class of Secured Notes, the Applicable Periodic Rate will be the applicable Re-Pricing Rate. Class of Secured NotesClass [A-1-R]Notes[Class BA-2-R Notes]Applicable Periodic Rate for each Periodic Interest Accrual Period LIBOR + 1.45[ ]% per annum LIBOR + 1.80[ ]% per annumClass CB-R Notes LIBOR + 2.40[ ]% per annum Class DC-R Notes LIBOR + 3.85[ ]% per annum Class ED-R Notes LIBOR + 6.85[ ]% per annumClass E-R Notes Class F-R NotesLIBOR + [ ]% per annum LIBOR + [ ]% per annum
Applicable Periodic Rate means (a) with respect to the Class A-1 Notes, the per annum rate equal to three-month LIBOR plus 0.215%,
Applicable Periodic Rate means, with respect to each Class of Secured Notes, the per annum stated interest rate payable on such Class of Secured Notes set forth in the table below; provided that, if a Re-Pricing has occurred with respect to such Class of Secured Notes, the Applicable Periodic Rate will be the applicable Re-Pricing Rate. Class of Secured NotesApplicable Periodic Rate for each Periodic Interest Accrual PeriodClass A-R2 Notes LIBOR + 1.431.23% per annum Class B-R2 Notes LIBOR + 1.851.75% per annum Class C-R2 Notes LIBOR + 2.502.45% per annum Class D-R2 Notes LIBOR + 4.353.85% per annum Class E-R2 Notes LIBOR + 7.546.97% per annumClass F-R2 Notes LIBOR + 8.50% per annum
Applicable Periodic Rate. ” means, with respect to each Class of Secured Notes, the per annum stated interest rate payable on such Class of Secured Notes set forth in the table below; provided that, if a Re-Pricing has occurred with respect to such Class of Secured Notes, the Applicable Periodic Rate will be the applicable Re-Pricing Rate; provided further that, solely with respect to the First Refinancing Note Interest Accrual Period, (A) interest payable on each Class of Secured Notes (other than the Class X Notes) on the Payment Date in April 2017 will equal the sum of the amount (calculated daily on the basis of a year of 360 days and actual days elapsed) of: (a) for the portion of such accrual period to, but excluding, the 2016 Refinancing Date, interest accrued on the Aggregate Principal Amount of such Class on the first day of such accrual period (after giving effect to any principal payments made on the Payment Date in November 2016) at the Original Applicable Periodic Rate in effect on such day (prior to the Refinancing); and (b) for the portion of such accrual period from the 2016 Refinancing Date to, but excluding, the Payment Date in April 2017, interest accrued on the Aggregate Principal Amount of such Class (after giving effect to the Refinancing) at the Applicable Periodic Rate set forth in the table below; and (B) for the Class X Notes (i) interest shall not accrue for any period prior to the 2016 Refinancing Date and (ii) the Applicable Periodic Rate from, and including the 2016 Refinancing Date to, but excluding, the Payment Date in April 2017, shall be the rate set forth in the table below. Such interest shall be allocated to each Holder of Notes of a Class in the proportion that the Aggregate Principal Amount of such Holder's Notes on the Record Date for the Payment Date in April 2017 bears to the Aggregate Principal Amount of all Notes of such Class on such Record Date..
Applicable Periodic Rate means, with respect to each Class of Secured Notes, the per annum stated interest rate payable on such Class of Secured Notes set forth in the table 1010below; provided that, if a Re-Pricing has occurred with respect to such Class of Secured Notes (if eligible for Re-Pricing), the Applicable Periodic Rate will be the applicable Re-Pricing Rate. Applicable Periodic Rate for eachClass of Secured NotesPeriodic Interest Accrual Period prior to the Refinancing DateClass A Notes LIBOR + 1.18% per annumClass B Notes LIBOR + 1.80% per annumClass C Notes LIBOR + 2.45% per annumClass D Notes LIBOR + 3.40% per annumClass E Notes LIBOR + 5.96% per annum Class of Secured NotesApplicable Periodic Rate for each Periodic Interest Accrual Period following theRefinancing DateClass A-R2 Notes LIBORBenchmark + 1.201.04% per annumClass B-R Notes LIBOR + 1.70% per annumClass CB-R2 Notes LIBORBenchmark + 2.401.40% per annumClass C-R2 Notes Benchmark + 1.80% per annumClass D-R2 Notes LIBORBenchmark + 3.553.10% per annumClass E-R2 Notes LIBORBenchmark + 6.586.60% per annum
Applicable Periodic Rate. With respect to any specified Class of Secured Notes, the per annum interest rate payable on the Secured Notes of each Class with respect to each Periodic Interest Accrual Period equal to LIBOR for the Periodic Interest Accrual Period plus the spread specified in the applicable "Interest Rate" rows of the table in Section 2.3; provided that upon the occurrence of a Re-Pricing with respect to a Class of Re-Pricing Eligible Notes, the applicable revised spread over LIBOR to be applied with respect to such Class of Re-Pricing Eligible Notes.
Applicable Periodic Rate means, with respect to each Class of Secured Notes, the per annum stated interest rate payable on such Class of Secured Notes set forth in the table below; provided that, if a Re-Pricing has occurred with respect to such Class of Secured Notes, the Applicable Periodic Rate will be the applicable Re-Pricing Rate; provided further that, solely with respect to the First Refinancing Note Interest Accrual Period, (A) interest payable on each Class of Secured Notes (other than the Class X Notes) on the Payment Date in April 2017 will equal the sum of the