Examples of Class D Note Interest Rate in a sentence
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 amount of monthly interest due with respect to the Class D Notes for any Distribution Date and the related Interest Period (the “ Class D Monthly Interest”) shall be calculated by the Servicer and shall be an amount equal to the product of (i) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (ii) the Class D Note Interest Rate, times (iii) the Average Class D Note Principal Balance for the related Interest Period.
The Servicer shall provide, in the Monthly Statement, the Class A-1 Note Interest Rate, the Class A-2 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.
During each Interest Accrual Period, this Class D Note will bear interest at the Class D Note Interest Rate.
The Issuer will pay interest on overdue installments of interest at the Class D Note Interest Rate to the extent lawful.