Class B Note Interest Rate definition
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 means, for any Interest Period with respect to the Class B Notes, a per annum rate equal to 0%.
Examples of Class B Note Interest Rate in a sentence
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.
However, there is a financial impact to the implementation of the 16-17 Superintendent SMART Goals.
During each Interest Accrual Period, this Class B Note will bear interest at the Class B Note Interest Rate.
The Issuer will pay interest on overdue installments of interest at the Class B Note Interest Rate to the extent lawful.
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 the annual rate of interest payable with respect to the Class B Notes, which shall be equal to 3.388750% for the first Payment Date and, thereafter, shall be equal to LIBOR plus 1.60% 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 B Note Interest Rate has the meaning assigned to such term in the Indenture.
Class B Note Interest Rate means a per annum rate of 0.20% 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