New Fixed Rate Lease
New Fixed Rate Lease. Means on any day each Unit Lease then bearing interest or finance charges at a fixed rate per annum (a) that did not bear interest or finance charges at a fixed rate per annum when it initially became a Unit Lease or on the Effective Date and (b) with respect to which the Issuer shall not have obtained on or prior to such day an interest rate cap satisfying the requirements therefor set forth in Section 5A.11(c) of the Indenture Supplement. 3
All Definitions
Found in
CHESAPEAKE FUNDING LLC contract