Note Interest Rate definition

Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

Note Interest Rate means the per annum interest rate borne by a Note.

Note Interest Rate means the Class A-1 Rate, the Class A-2 Rate, the Class A-3 Rate or the Class A-4 Rate, as applicable.

Examples of Note Interest Rate in a sentence

• The Issuer will pay interest on the unpaid principal amount of this Note at the Class B Note Interest Rate on each Interest Payment Date for the Class B Notes until the principal amount of this Note is paid in full.

• The amount of monthly interest (“ Class A Monthly Interest”) distributable from the Collection Account with respect to the Class A Notes on any Payment Date shall be an amount equal to the product of (i) 1/12, (1) the Class A Note Interest Rate and (ii) the Outstanding Dollar Principal Amount of the Class A Notes as of the close of business on the immediately preceding Record Date; provided that with respect to the first Payment Date, the Class A Monthly Interest will be Cdn.

• If the Class B Interest Shortfall with respect to any Payment Date is greater than zero, on each subsequent Payment Date until such Class B Interest Shortfall is fully paid, an additional amount (“Class B Additional Interest”) equal to the product of (i) 1/12, (ii) the Class B Note Interest Rate and (iii) such Class B Interest Shortfall (or the portion thereof which has not been paid to the Class B Noteholders) shall be payable as provided herein with respect to the Class B Notes.

• If the Class C Interest Shortfall with respect to any Payment Date is greater than zero, on each subsequent Payment Date until such Class C Interest Shortfall is fully paid, an additional amount (“Class C Additional Interest”) equal to the product of (i) 1/12, (ii) the Class C Note Interest Rate and (iii) such Class C Interest Shortfall (or the portion thereof which has not been paid to the Class C Noteholders) shall be payable as provided herein with respect to the Class C Notes.

• If the Class A Interest Shortfall with respect to any Payment Date is greater than zero, on each subsequent Payment Date until such Class A Interest Shortfall is fully paid, an additional amount (“Class A Additional Interest”) equal the product of (i) 1/12, (ii) the Class A Note Interest Rate and (iii) such Class A Interest Shortfall (or the portion thereof which has not been paid to the Class A Noteholders) shall be payable as provided herein with respect to the Class A Notes.

More Definitions of Note Interest Rate

Note Interest Rate means 1.39% per annum, calculated on the basis of twelve 30-day months and a 360-day year.

Note Interest Rate means, as of any particular date of determination and with respect to any Series or Class, the interest rate as of such date specified therefor in the related Indenture Supplement.

Note Interest Rate means LIBOR + 0.35% per annum, calculated on the basis of the actual number of days elapsed and a 360-day year.

Note Interest Rate means zero; provided that if the Outstanding Dollar Principal Amount is not paid in full on or prior to the Expected Maturity Date, the Note Interest Rate shall be LIBOR + 0.65% per annum, calculated on the basis of the actual number of days elapsed and a 360-day year.

Note Interest Rate means, with respect to any Interest Period and any Class of Notes, the interest rate per annum equal to the sum of (x) Three-Month LIBOR plus (y) the Applicable Note Margin. The interest rate per annum for each Class of Notes will be computed on the basis of the actual number of days elapsed in the related Interest Period divided by 360.

Note Interest Rate means, for any Interest Accrual Period, LIBOR + 0.23% per annum, calculated on the basis of the actual number of days elapsed and a 360-day year; provided, that if the sum of LIBOR + 0.23% for such Interest Accrual Period is less than 0.00%, then the Note Interest Rate for such Interest Accrual Period will be deemed to be 0.00%.

Note Interest Rate means a per annum rate equal to 0.13%