Note Interest Rate definition

Note Interest Rate means a per annum rate equal to 0.02% 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 a rate per annum equal to 0%.

Note Interest Rate means a rate per annum equal to 0.04% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

Examples of Note Interest Rate in a sentence

• 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.

• The Notes of each Class shall accrue interest from and including the Funding Date at the Note Interest Rate for that Class and Investor Group.

• 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 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.

• If the Issuer defaults in a payment of interest on the Notes when such interest becomes due and payable on any Payment Date, the Issuer shall pay defaulted interest (plus interest on such defaulted interest to the extent lawful) at the applicable Note Interest Rate in any lawful manner.

More Definitions of Note Interest Rate

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

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 for each Interest Accrual Period shall be LIBOR + 1.00% per annum, calculated on the basis of the actual number of days elapsed and a 360-day year; provided, further, that if the sum of LIBOR + 1.00% 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, for each Class, the interest rate per annum stated below: Class Note Interest Rate Class A-1 % Class A-2[a] % [Class A-2b one-month LIBOR + ] Class A-3 % Class A-4 % Class B % Class C %

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.

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, 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, for each Class, the interest rate per annum specified in Section 2.1(b).