Required Rate definition

Required Rate means (a) 5.50%, with respect to the Cutoff Date and any Distribution Date on or prior to the date on which the Class A-2-B Notes are paid in full, or, (b) 5.00%, with respect to any Distribution Date after the Class A-2-B Notes are paid in full, or, in each case, such other percentage approved by the Rating Agencies.

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Required Rate means, (i) with respect to the Cutoff Date and any Payment Date on or prior to the date on which the Outstanding Amount of the Class A-2 Notes is paid in full, 10.90% per annum, and (ii) with respect to any Payment Date after the date on which the Outstanding Amount of the Class A-2 Notes is paid in full, 10.65% per annum, or, in each case, such other percentage approved by the Rating Agencies.

Required Rate means, with respect to each Collection Period, 5.90%. “Yield Supplemented Receivable” means any Receivable that has an APR less than the Required Rate.

Examples of Required Rate in a sentence

• The Securities and the principal amount in respect of the Securities to be issued hereunder shall all be of the same series known as the "TMCC Demand Notes", but need not have the same issue date, Stated Maturity Date, Required Rate, or Interest Payment Date.

• Any such order shall specify the principal amount in respect of the Securities to be issued and to which certificate such amount shall be allocable, the applicable Required Rate, the Stated Maturity Date and the date on which such issue of principal in respect of the Securities is to be authenticated.

• At its sole discretion, Contractor may terminate this Contract without cause by written Legal Notice to OHA not later than ninety (90) days prior to the effective date of the Required Rate Amendment, for termination effective as of the effective date of the Required Rate Amendment.

• No later than one hundred and four (104) days prior to the effective date of the Required Rate Amendment, OHA will provide Contractor’s Contract Administrator with Administrative Notice of the proposed changes to the.

• A refusal by Contractor to enter into the Required Rate Amendment terminates this Contract, regardless of whether Contractor provided the Legal Notice described in this Sec.

More Definitions of Required Rate

Required Rate means 6.25%.

Required Rate means, with respect to any Distribution Date, 4.00%.

Required Rate means 5.25%.

Required Rate means, with respect to each Collection Period, the sum of (i) the Servicing Rate plus (ii) the Class A-4 Interest Rate. "Yield Supplemented Receivable" means any Receivable that has an APR less than the Required Rate.

Required Rate means [__]%.

Required Rate means 5.00%.

Required Rate means 4.25%.