Class A Note Interest Rate definition

Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

Class A Note Interest Rate means a per annum rate of 1.76%.

Class A Note Interest Rate means a per annum rate of 2.21%.

Examples of Class A Note Interest Rate in a sentence

• The amount of monthly interest (“ Class A Monthly Interest”) distributable from the Collection Account with respect to the Class A Notes on any Payment Date shall be an amount equal to the product of (i) 1/12, (1) the Class A Note Interest Rate and (ii) the Outstanding Dollar Principal Amount of the Class A Notes as of the close of business on the immediately preceding Record Date; provided that with respect to the first Payment Date, the Class A Monthly Interest will be Cdn.

• If the Class A Interest Shortfall with respect to any Payment Date is greater than zero, on each subsequent Payment Date until such Class A Interest Shortfall is fully paid, an additional amount (“Class A Additional Interest”) equal the product of (i) 1/12, (ii) the Class A Note Interest Rate and (iii) such Class A Interest Shortfall (or the portion thereof which has not been paid to the Class A Noteholders) shall be payable as provided herein with respect to the Class A Notes.

More Definitions of Class A Note Interest Rate

Class A Note Interest Rate means, for any Interest Period with respect to the Class A Notes, a per annum rate equal to LIBOR plus 0.33%.

Class A Note Interest Rate means, for any Interest Period with respect to the Class A Notes, a per annum rate equal to 4.72%.

Class A Note Interest Rate means, from the Closing Date through December 14, 2003 and, with respect to each Note Interest Period, a per annum rate equal to 0.11% per annum in excess of LIBOR, as determined on the related LIBOR Determination Date.

Class A Note Interest Rate means the annual rate of interest payable with respect to the Class A Notes, which shall be equal to 1.8675% per annum for the first Payment Date and, thereafter, shall be equal to LIBOR plus 0.55% per annum (in each case calculated on the basis of a year of 360 days and actual days elapsed in the Interest Accrual Period).

Class A Note Interest Rate means a per annum rate of 0.11% in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period.

Class A Note Interest Rate means, from the Closing Date through November 16, 2003 and, with respect to each Note Interest Period, a per annum rate equal to 0.24% per annum in excess of LIBOR, as determined on the related LIBOR Determination Date.

Class A Note Interest Rate means a per annum rate of 5.02%.