Class B Notes Interest Rate definition

Class B Notes Interest Rate means the rate equivalent to the sum (subject to a floor of zero) of LIBOR plus the Class B Interest Margin.
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Class B Notes Interest Rate means the rate equivalent to the sum (subject to a floor of zero) of Compounded Daily ▇▇▇▇▇ plus the Class B Interest Margin.
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Class B Notes Interest Rate shall have the meaning ascribed to such term in Condition 8(c) (Payments of Interest) of the Class B Notes.
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Examples of Class B Notes Interest Rate in a sentence

  • Similarly, there is no assurance that the Class B Noteholders will receive for each Class B Note the total principal amount plus interest at the Class B Notes Interest Rate nor that the distributions which are made will correspond to the monthly payments originally agreed upon in the underlying Financing Contracts.

  • If for any Interest Accrual Period, or any portion thereof, the Class A Notes Interest Rate, the Class B Notes Interest Rate or the Class C Notes Interest Rate is determined by reference to LIBOR or the Bank Base Rate, then on each applicable LIBOR Determination Date, the Calculation Agent shall notify the Trustee of the applicable LIBOR rate or Bank Base Rate, as applicable.

  • If for any Interest Accrual Period, or any portion thereof, the Class A Notes Interest Rate, the Class B Notes Interest Rate or the Class C Notes Interest Rate for all or a portion of such Notes is determined by reference to the Commercial Paper Funding Rate, then the Trustee shall determine the Commercial Paper Funding Rate for the respective Notes on the basis of written notice received from the applicable Managing Agent.


More Definitions of Class B Notes Interest Rate

Class B Notes Interest Rate means, (i) with respect to any Class B Note to the extent that the Commercial Paper Funding Rate is in effect for such Class B Note under the Note Purchase Agreement, the applicable Commercial Paper Funding Rate plus 3.75% per annum (or if an Event of Default has occurred and is continuing plus 6.00% per annum) or (ii) to the extent that the Commercial Paper Funding Rate is not in effect for such Class B Note under the Note Purchase Agreement LIBOR plus 4.25% per annum (or if an Event of Default has occurred and is continuing plus 6.00% per annum) or (iii) to the extent that the Commercial Paper Funding Rate is not in effect for such Class B Note under the Note Purchase Agreement and a Eurodollar Disruption Event shall have occurred and be continuing, the Bank Base Rate.
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Class B Notes Interest Rate means the higher of: (i) an annual rate equal to Euribor for one-month euro deposits plus a margin which will be [●] per cent. per annum; and (ii) zero (0) per cent.
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Class B Notes Interest Rate m shall have the meaning ascribed to such term in Condition
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