Capped Interest Rate definition

Capped Interest Rate is defined in the Note, if applicable.

Capped Interest Rate is not applicable, there is no Capped Interest Rate for the Loan.

Capped Interest Rate means a rate per annum equal to the sum of (a) the LIBOR Cap Strike Rate and (b) the LIBOR Margin.

Examples of Capped Interest Rate in a sentence

• Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Capped Interest Rate or the Pool Balance of the Class G Certificates (including upon any Policy Provider Election with respect to a Series G Equipment Note) or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

• Promptly following each date on which the Required Amount is (i) reduced as a result of a reduction in the Pool Balance of the Class A Certificates or otherwise or (ii) increased as a result of an increase in the Capped Interest Rate for the Class A Certificates, the Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to such reduced or increased, as the case may be, Required Amount (as calculated by the Borrower).

• Promptly following each date on which the Required Amount is (i) reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise or (ii) increased as a result of an increase in the Capped Interest Rate for the Class B Certificates, the Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to such reduced or increased, as the case may be, Required Amount (as calculated by the Borrower).

More Definitions of Capped Interest Rate

Capped Interest Rate. “Commitment Letter” “Cut-off Date”

Capped Interest Rate means a rate per annum equal to 12%.

Capped Interest Rate. [IF THE LOAN HAS AN INTERNAL INTEREST RATE CAP, INSERT THE FOLLOWING] means ____ % per annum. OR [IF THE LOAN HAS AN EXTERNAL INTEREST RATE CAP OR NO INTEREST RATE CAP, INSERT THE FOLLOWING] is not applicable, there is no Capped Interest Rate for the Loan.

Capped Interest Rate means (i) with respect to the Class G-1 Certificates, 8.375% per annum, (ii) with respect to the Class G-2 Certificates, 8.420% per annum, and (iii) with respect to the Class C Certificates, 12.250% per annum.

Capped Interest Rate means Capped LIBOR plus 0.22% per annum.

Capped Interest Rate means Six and twenty-five hundredths percent (6.25%) per annum.

Capped Interest Rate means 6.0 % per annum.