Assignee Rate definition

Assignee Rate means in respect of any Advance by a Secondary Lender or acquired by a Lender (other than a Conduit Lender) for any Settlement Period an interest rate per annum equal to the sum of the Applicable Margin plus the Eurodollar Rate for such Settlement Period; provided, however, that in case of:

Assignee Rate for any Fixed Period for any Receivable Interest in the Pool Receivables means an interest rate per annum equal to the applicable percentage per annum (set forth in the Fee Agreements) above the Eurodollar Rate (Reserve Adjusted) for such Fixed Period; provided, however, that in the case of:

Assignee Rate for any Fixed Period for any Receivable Interest funded by a Bank or an Investor that is not funding such Receivable Interest through the issuance of commercial paper or other promissory notes, means an interest rate per annum equal to the Eurodollar Rate for such Fixed Period plus the Applicable Spread; provided, however, that in case of:

Examples of Assignee Rate in a sentence

• The Program Agent hereby agrees to provide each Investor Agent with copies of all material notices, reports and other documents provided to the Program Agent by the Seller or the Collection Agent hereunder (other than any notices received by the Program Agent referred to in any of the definitions of Assignee Rate, Investor Rate or Fixed Period) which are not otherwise required to be provided by the Seller or the Collection Agent directly to the Investor Agents in accordance with the terms hereof.

• The Seller shall pay interest to each Term-Out Bank on the unpaid principal amount of such Bank’s Cash Secured Advance from the date of such Cash Secured Advance until such principal amount shall be repaid in full, at a rate per annum equal at all times during each Fixed Period to the Assignee Rate for such Fixed Period, payable in arrears on each Settlement Date (Yield and Fees).

• The Seller shall pay interest to each Term-Out Bank on the unpaid principal amount of such Bank’s Cash Secured Advance from the date of such Cash Secured Advance until such principal amount shall be repaid in full, at a rate per annum equal at all times during each Fixed Period to the Assignee Rate for such Fixed Period, payable in arrears on each Settlement Date.

• The Seller shall pay interest to each Term-Out Bank on the unpaid principal amount of such Bank's Cash Secured Advance from the date of such Cash Secured Advance until such principal amount shall be repaid in full, at a rate per annum equal at all times during each Fixed Period to the Assignee Rate for such Fixed Period, payable in arrears on each Settlement Date (Yield and Fees).

• Given by (name of account holder): Address: Bank: Branch and Code: Account Number: Type of Account (type x): Current (cheque) / Savings / Transmission Amount: R Per month on the 1st or 16th (type x) day ofthe month until the outstanding amount of R (R22 245 for a full title or R5 561 for a sectional title unit) is paid.

More Definitions of Assignee Rate

Assignee Rate for any Fixed Period for any Receivable Interest means an interest rate per annum equal to 1.775% per annum above the Eurodollar Rate for such Fixed Period; provided, however, that in case of:

Assignee Rate for any Fixed Period for any Eligible Asset means an interest rate per annum equal to

Assignee Rate for any Settlement Period for any Receivable Interest means an interest rate per annum equal to the Eurodollar Rate plus the Applicable Percentage for such Settlement Period; provided, however, that in case of:

Assignee Rate means, for any Interest Period, an interest rate per annum equal to the Adjusted Eurodollar Rate plus 2.75%; provided, however, that, if (x) it shall become unlawful for any Committed Purchaser to obtain funds in the London interbank market in order to purchase, fund or maintain its initial investment in the Class A Certificates or any Increase hereunder, or deposits in dollars (in the applicable amounts) are not being offered by such Committed Purchaser in the London interbank market, (y) any Committed Purchaser is unable to establish the Adjusted Eurodollar Rate for any applicable period due to circumstances affecting the London interbank market generally, or (z) the Managing Agent for a Purchaser Group notifies the Seller and the Program Agent of its determination that the Adjusted Eurodollar Rate will not adequately reflect the cost of funding or maintaining the Class A Invested Amount (until such Managing Agent shall have notified the Seller and the Program Agent that such Managing Agent has determined that the Adjusted Eurodollar Rate will adequately reflect such cost), then, in each case, the Assignee Rate shall be the Alternate Base Rate in effect from time to time plus 1/2 of 1%; provided, further, that following the occurrence and during the continuation of an Early Amortization Period, the "Assignee Rate" shall be the applicable interest rate per annum determined pursuant to the provisions set forth above plus 1/2 of 1% per annum.

Assignee Rate for any Fixed Period for any Rate Tranche means an interest rate per annum equal to the Eurodollar Rate for such Fixed Period plus the Applicable Margin; provided, however, that in case of:

Assignee Rate means in respect of any Advance for any Settlement Period an interest rate per annum equal to the Applicable Margin above the Eurodollar Rate for such Settlement Period; PROVIDED, HOWEVER, that in case of:

Assignee Rate means, for any Fixed Period for any Eligible Asset, an interest rate per annum equal to the Eurodollar Rate for such Fixed Period plus the Applicable Margin in effect from time to time, PROVIDED, HOWEVER, that in the case of