FBC Interest Rate definition

FBC Interest Rate means, with respect to any Interest Period and the Fixed Base Certificates, a fixed interest rate per annum equal to 6.79%.
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Examples of FBC Interest Rate in a sentence

  • Trust Liquidation Proceeds shall be applied to pay following amounts in the following order of priority: (i) all accrued and unpaid interest on the unpaid Fixed Base Certificate Balance (including any FBC Carryover Interest), (ii) the Fixed Base Certificate Balance, (iii) any accrued and unpaid Make Whole Premium (together with interest thereon, to the extent lawful, at the FBC Interest Rate), (iv) any unreimbursed Subordinated Investor Charge-Offs and (v) the Subordinated Invested Amount.

  • The Optional Purchase Price shall be applied on such Distribution Date to pay following amounts in the following order of priority: (i) accrued and unpaid interest on the unpaid Fixed Base Certificate Balance (including any FBC Carryover Interest), (ii) the Fixed Base Certificate Balance on such Distribution Date and (iii) any accrued and unpaid Make Whole Premium (together with interest thereon, to the extent lawful, at the FBC Interest Rate).

  • Termination Proceeds shall be applied to pay following amounts in the following order of priority: (i) all accrued and unpaid interest on the unpaid Fixed Base Certificate Balance (including any FBC Carryover Interest), (ii) the Fixed Base Certificate Balance, (iii) any accrued and unpaid Make Whole Premium (together with interest thereon, to the extent lawful, at the FBC Interest Rate), (iv) any unreimbursed Subordinated Investor Charge-Offs and (v) the Subordinated Invested Amount.