Note Rate definition

Note Rate means, in the case of the Class A-1 Notes, the Class A-1 Rate; in the case of the Class A-2a Notes, the Class A-2a Rate; in the case of the Class A-2b Notes, the Class A-2b Rate; in the case of the Class A-3 Notes, the Class A-3 Rate; in the case of the Class A-4 Notes, the Class A-4 Rate; in the case of the Class B Notes, the Class B Rate; in the case of the Class C Notes, the Class C Rate; and in the case of the Class D Notes, the Class D Rate.

Note Rate means any of the Note A Rate and the Note B Rate, as applicable.

Note Rate means, with respect to any Series of Notes (or, for any Series with more than one Class, for each Class of such Series), the annual rate at which interest accrues on the Notes of such Series of Notes (or formula on the basis of which such rate shall be determined) as stated in the applicable Series Supplement, if any.

Examples of Note Rate in a sentence

• The Issuing Entity shall pay interest on overdue installments of interest at the A-4 Note Rate to the extent lawful.

• The Issuing Entity will pay interest on this Note at the A-3 Note Rate, on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the preceding Payment Date (after giving effect to all payments of principal made on the preceding Payment Date), subject to certain limitations contained in Section 3.1 of the Indenture.

• The Issuing Entity shall pay interest on overdue installments of interest at the A-2a Note Rate to the extent lawful.

• The Issuing Entity will pay interest on this Note at the A-4 Note Rate, on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the preceding Payment Date (after giving effect to all payments of principal made on the preceding Payment Date), subject to certain limitations contained in Section 3.1 of the Indenture.

• The Issuing Entity will pay interest on this Note at the A-2b Note Rate, on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the preceding Payment Date (after giving effect to all payments of principal made on the preceding Payment Date), subject to certain limitations contained in Section 3.1 of the Indenture.

More Definitions of Note Rate

Note Rate. With respect to any Mortgage Loan at any time any determination thereof is to be made, the annual rate at which interest accrues thereon.

Note Rate means either of the Senior Note Rate and the Junior Note Rate, as applicable.

Note Rate shall have the meaning assigned to such term in the Mortgage Loan Documents.

Note Rate. For each Mortgage Loan, the rate at which the related promissory note accrues interest. For purposes of calculating the Certificate Rates on the Interests and Certificates, the Note Rate of a Mortgage Loan shall be calculated without regard to any modification, waiver or amendment of the interest rate of the Mortgage Loan, whether agreed to by the Servicer or resulting from a bankruptcy, insolvency or similar proceeding involving the related Mortgagor.

Note Rate. The rate of interest borne by each Note according to its terms.

Note Rate means the rate specified in the Adoption Annex.

Note Rate. The Class A-1 Note Rate or the Class A-2 Note Rate, as applicable.