Exchange Note Interest Rate has the meaning stated in Section 2.2(a)(vi) of the Exchange Note Supplement.
Exchange Note Interest Rate means, with respect to any Exchange Note and any Interest Period, the fixed rate or floating rate specified in the related Exchange Note Supplement.
Exchange Note Interest Rate for the 2020-A Exchange Note is 2.26%;
Examples of Exchange Note Interest Rate in a sentence
The Exchange Note Interest Rate for each Exchange Note will be calculated in the manner set forth in the related Exchange Note Supplement.
Each Exchange Note will accrue interest at the applicable Exchange Note Interest Rate, and such interest will be due and payable on each applicable Payment Date.
The 2018-B Exchange Note will accrue interest on its Exchange Note Balance for each Exchange Note Interest Period until the Exchange Note Balance has been paid in full at a rate per annum equal to the Exchange Note Interest Rate for that Exchange Note Interest Period.
More Definitions of Exchange Note Interest Rate
Exchange Note Interest Rate has the meaning set forth in Section 2.1(b)(iv) of the 2020-3 Exchange Note Supplement.
Exchange Note Interest Rate for the 2016-A Exchange Note is 2.70%;
Exchange Note Interest Rate for the 20 - Exchange Note is %;
Exchange Note Interest Rate means a fraction, the numerator of which is equal to the 201[__]-[__] Exchange Note Interest Amount Due, less any portion of the 201[__]-[__] Exchange Note Interest Amount Due that was not paid on any preceding Payment Date, multiplied by 12 (or, six in the case of the first Collection Period) and the denominator of which is the Aggregate Scheduled Securitization Value as of the close of business on the last day of the Collection Period related to the immediately preceding Payment Date.