Class B Note Interest Rate definition

Class B Note Interest Rate means a per annum rate of 0.85% in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period.

Class B Note Interest Rate means, for any Interest Period with respect to the Class B Notes, a per annum rate equal to 0%.

Class B Note Interest Rate means, from the Closing Date through September 16, 2001, and, with respect to each Note Interest Period, a per annum rate equal to 0.38% per annum in excess of LIBOR, as determined on the related LIBOR Determination Date.

Examples of Class B Note Interest Rate in a sentence

• The Class B Note Interest Rate for the Interest Period with respect to such Distribution Date is equal to .

• The average rate (the weighted average Class A Note Interest Rate and Class B Note Interest Rate reduced to take into account the non-interest bearing over- collateralization invested amount ) is equal to .

• The average rate (the weighted average Class A Note Interest Rate, Class B Note Interest Rate and Class C Note Interest Rate reduced to take into account the non-interest bearing over-collateralization invested amount) is equal to .

• The Servicer shall provide, in the Monthly Statement, the Class A Note Interest Rate, the Class B Note Interest Rate, the Class C Note Interest Rate and the Class D Note Interest Rate applicable to each Distribution Date.

• The Issuer will pay interest on the unpaid principal amount of this Note at the Class B Note Interest Rate on each Distribution Date until the principal amount of this Note is paid in full.

More Definitions of Class B Note Interest Rate

Class B Note Interest Rate means a per annum rate of 0.45% in excess of LIBOR as determined (i) on August 14, 2001, for the period from and including the Closing Date through and excluding September 17, 2001 and (ii) on the related LIBOR Determination Date with respect to each Interest Period thereafter.

Class B Note Interest Rate means a per annum rate of one and thirty-five hundredths of one percent (1.35%) in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period.

Class B 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 B Note Interest Rate has the meaning assigned to such term in the Indenture.

Class B Note Interest Rate means, for any Interest Period with respect to the Class B Notes, aper annum rate equal to 5.61%.

Class B Note Interest Rate the rate at which interest accrues on the Class B Notes, which rate shall be ____% per annum.

Class B Note Interest Rate means the annual rate of interest payable with respect to the Class B Notes, which shall be equal to LIBOR plus 0.50% per annum.