Class B Note Rate definition

Class B Note Rate means 1.93% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

Class B Note Rate means 3.04% per annum.

Class B Note Rate means 2.47% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

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 Class A Note Rate, the Class B Note Rate, the Class C Note Rate and the Class D Note Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by any Noteholder or beneficial owner of any Note by telephoning the Indenture Trustee at its corporate trust office at (212) 815-3247 or such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder from time to time.

• If the Issuer defaults in a payment of interest on any class of Notes entitled thereto, such defaulted interest shall itself bear interest (to the extent lawful) at the Class A Note Rate, Class B Note Rate or Class C Note Rate, as applicable.

• The Issuing Entity shall pay interest on overdue installments of interest at the Class B Note Rate to the extent lawful.

More Definitions of Class B Note Rate

Class B Note Rate means 2.68% per annum.

Class B Note Rate means, with respect to each Interest Period, a fixed rate equal to 4.83% per annum with respect to the Class B Notes.

Class B Note Rate means 7.02% per annum.

Class B Note Rate means 1.26% per annum.

Class B Note Rate means, for any Series 2013-A 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, (b) the Eurodollar Rate (Reserve Adjusted) applicable to the Class B Eurodollar Tranche and (c) the Base Rate applicable to the Class B Base Rate Tranche, in each case, for such Series 2013-A 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 4.95% per annum.

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.