Common use of Determination of Note Rate Clause in Contracts

Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Notes and (ii) the first day of each succeeding Interest Period for the Class A-1 Notes, and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.

Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Notes and (ii) the first day of each succeeding Interest Period for the Class A-1 Notes, and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.

Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for each Class of the Class A-1 and Class A-2 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Notes and (ii) the first day of each succeeding Interest Period for the Class A-1 Notes, and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.

Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Notes and (ii) the first day of each succeeding Interest Period for the Class A-1 Notes, and shall inform the Issuer, the Servicer and the Depositor by means of the Indenture Trustee's online service.

Determination of Note Rate. The Indenture Trustee shall determine One-Month LIBOR and the applicable Note Rate for the Class A-1 Notes for each Interest Period as of the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Period for the Class A-II-1 Notes and (ii) the first day of each succeeding Interest Period for the Class A-1 A-II-1 Notes, and shall inform the Issuer, the Servicer Servicer, the Enhancer and the Depositor by means of the Indenture Trustee's online service, not later than the first Business Day of the month of the next Payment Date.