Collateral Minimum Interest Rate definition

Collateral Minimum Interest Rate means the rate designated as such in the Transfer Agreement; provided that for purposes of this Supplement, such rate shall not exceed LIBOR plus 2.00% per annum.
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Collateral Minimum Interest Rate means (i) initially, a per annum rate equal to 6.550%, and (ii) following a Note Trust Transfer, the rate specified in the applicable Transfer Agreement (as modified as described therein); provided that for purposes of this Supplement, such rate shall not exceed 6.550% per annum.
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Collateral Minimum Interest Rate means (i) initially, a per annum rate equal to 5.203%, and (ii) following a Note Trust Transfer, the rate specified in the applicable Transfer Agreement (as modified as described therein); provided that for purposes of this Supplement, such rate shall not exceed 5.203% per annum.
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Examples of Collateral Minimum Interest Rate in a sentence

  • All determinations of the Benchmark (other than LIBOR), the Class A Certificate Rate, the Class B Certificate Rate, the Collateral Minimum Interest Rate and the Collateral Senior Minimum Interest Rate by the Servicer and all determinations of LIBOR by the Trustee, as applicable, in the absence of manifest error, will be conclusive and binding on the Certificateholders.

  • If the Collateral Interest Shortfall for any Distribution Date is greater than zero, an additional amount ("Collateral Additional Interest") equal to the Collateral Minimum Interest Rate shall be payable as provided herein with respect to the Collateral Interest on each Distribution Date following such Distribution Date to and including the Distribution Date on which such Collateral Interest Shortfall is paid to the Collateral Interest Holder.


More Definitions of Collateral Minimum Interest Rate

Collateral Minimum Interest Rate means the rate designated as such in the Transfer Agreement; provided, that for purposes or this Supplement, such rate shall not exceed 9.50% per annum.
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Collateral Minimum Interest Rate means: (A) (i) initially, a per annum rate equal to LIBOR plus 1.484%, and (ii) following a Benchmark Transition Event and its related Benchmark Replacement Date, the rate determined in accordance with the provisions of Section 4.14; provided that if the rate specified in clause (i) or clause (ii) is less than 0.00% for any Interest Accrual Period, then the Collateral Minimum Interest Rate for such Interest Accrual Period shall be deemed to be 0.00%; and (B) following a Note Trust Transfer, the rate specified in the applicable Transfer Agreement (as modified as described therein); provided that for purposes of this Supplement, such rate shall not exceed the rate specified in clause (A)(i) or clause (A)(ii), as applicable.
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Collateral Minimum Interest Rate means (i) initially, a per annum rate equal to [[Benchmark] plus] [___]%[; provided that if the sum of [Benchmark] plus [___]% is less than 0.00% for any Interest Accrual Period], then the Collateral Minimum Interest Rate for such Interest Accrual Period shall be deemed to be 0.00%, and (ii) following a Note Trust Transfer, the rate specified in the applicable Transfer Agreement (as modified as described therein); provided that for purposes of this Supplement, such rate shall not exceed [[Benchmark] plus] [___]% per annum.
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Collateral Minimum Interest Rate means the rate designated as
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Related to Collateral Minimum Interest Rate