Class E Interest Rate means 4.99% per annum (computed on the basis of a 360-day year of twelve 30-day months).
Class E Interest Rate means prior to the twenty-fourth Distribution Date, 0.00%. From and after the twenty-fourth Distribution Date, (i) if on the twenty-fourth Distribution Date the excess of the Pool Balance over the Outstanding Amount of the Notes is equal to or greater than the greater of (1) the Pool Balance times 16.50% minus the Specified Reserve Balance and (2) the Original Pool Balance times 0.50%, 2.23% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months); or (ii) if on the twenty-fourth Distribution Date the excess of the Pool Balance over the Outstanding Amount of the Notes is less than the greater of (1) the Pool Balance times 16.50% minus the Specified Reserve Balance and (2) the Original Pool Balance times 0.50%, 0.00%.
Examples of Class E Interest Rate in a sentence
The Issuer shall pay interest on overdue installments of interest at the Class E Interest Rate to the extent lawful.
Interest shall accrue on all Advances of the Class G Loan Amount at a fixed rate of eight percent (8.0%) per annum (the “ Class G Interest Rate” and together with the Class A Interest Rate, the Class B Interest Rate, the Class C Interest Rate, the Class D Interest Rate, the Class E Interest Rate and the Class F Interest Rate, the “Interest Rate”).
More Definitions of Class E Interest Rate
Class E Interest Rate has the meaning assigned to such term in the Indenture.
Class E Interest Rate means 0.00% per annum through and including the Interest Period for the twenty-fourth Payment Date following the Closing Date. For each Interest Period following the Interest Period for such twenty-fourth Payment Date, (i) if on the twenty-fourth Payment Date the Targeted Overcollateralization Amount has been reached, interest on the Class E Notes will accrue at 5.18% per annum, or (ii) if on the twenty-fourth Payment Date the Targeted Overcollateralization Amount has not been reached, interest on the Class E Notes will accrue at 0.00% per annum (computed, in each case, on the basis of a 360-day year of twelve 30-day months.
Class E Interest Rate means % per annum (computed on the basis of a 360-day year consisting of twelve (12) 30-day months).]
Class E Interest Rate means 7.65% per annum.