Class C Rate definition

Class C Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).
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Class C Rate means 3.02% per annum.
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Class C Rate means 6.20% per annum. Interest with respect to the Class C Certificates shall be computed on the basis of a 360-day year consisting of twelve 30-day months for all purposes of the Basic Documents.
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Examples of Class C Rate in a sentence

  • The Issuer shall pay interest on overdue installments of interest at the Class C Rate to the extent lawful.

  • Note: If the Class C Noteholders' Interest Distribution Condition is satisfied then the amount of interest accrued at the Class C Rate for the Accrual Period is Released on the distribution Date.

  • If the Class C Noteholders' Interest Distribution Condition is satisfied then the amount of interest accrued at the Class C Rate for the Accrual Period is Released on the distribution Date.

  • The Class A-1 Notes, the Class A-2[a] Notes, [the Class A-2b Notes,] the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes and the Class D Notes shall accrue interest during each Accrual Period at the Class A-1 Rate, the Class A-2[a] Rate, [the Class A-2b Rate,] the Class A-3 Rate, the Class A-4 Rate, the Class B Rate, the Class C Rate and the Class D Rate, respectively, and such interest shall be due and payable on each Distribution Date.

  • If an application is based upon permanent and total disability, the application shall include a certification of the permanent and total disability by the applicant’s physician.


More Definitions of Class C Rate

Class C Rate means 5.53% per annum.
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Class C Rate has the meaning set forth in the Sale and Servicing Agreement.
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Class C Rate means 4.98% per annum.
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Class C Rate means 2.60% per annum.
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Class C Rate means 2.39% per annum.
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Class C Rate means [___]% per annum.
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Class C Rate. With respect to any Class C Note, the per annum rate at which interest accrues on such Note for any Interest Accrual Period, which shall be equal to LIBOR for the related Interest Accrual Period plus 0.70% per annum.
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