Class B Note Rate definition
Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.
Class B Note Rate means 6.12% per annum.
Class B Note Rate means 3.55% per annum.
Examples of Class B Note Rate in a sentence
Interest shall accrue on the Class B Shortfall at the Class B Note Rate.
The Company will pay interest on this Class B Note at the Class B Note Rate.
The Issuer shall pay interest on overdue installments of interest at the Class B Note Rate to the extent lawful.
The Issuing Entity shall pay interest on overdue installments of interest at the Class B Note Rate to the extent lawful.
The Class B Advance funded or maintained by a Class B Investor Group during the related Series 2021-A Interest Period shall bear interest at the Class B Note Rate per annum, and shall accrue based upon a rate agreed in writing with each holder of the Class B Notes.
More Definitions of Class B Note Rate
Class B Note Rate means, for any Interest Period, the weighted average of the sum of (a) the weighted average (by outstanding principal balance) of the Class B CP Rates applicable to the Class B CP Tranche and (b) the Reference Rate applicable to the Class B Reference Rate Tranche in each case, for such Interest Period; provided, however, that the Class B Note Rate will in no event be higher than the maximum rate permitted by applicable law.
Class B Note Rate means, with respect to each Interest Period, a fixed rate equal to 4.59% per annum with respect to the Class B Notes.
Class B Note Rate means 1.26% per annum.
Class B Note Rate means 2.96% per annum.
Class B Note Rate means 4.95% per annum.
Class B Note Rate means 3.04% per annum.