Initial Principal Amount; Securitization Bond Interest Rate; Scheduled Final Payment Date; Final Maturity Date. The Securitization Bonds of each Tranche shall have the initial principal amount, bear interest at the rates per annum (the “Securitization Bond Interest Rate”) and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: Tranche Initial Principal Amount Securitization Bond Interest Rate Scheduled Final Payment Date Final Maturity Date A-1 $ 250,000,000 5.55 % March 1, 2027 March 1, 2028 A-2 $ 396,000,000 5.21 % September 1, 2030 September 1, 2031 The Securitization Bond Interest Rate shall be computed on the basis of a 360-day year of twelve 30-day months.
Appears in 2 contracts
Samples: Series Supplement (Consumers 2023 Securitization Funding LLC), Series Supplement (Consumers 2023 Securitization Funding LLC)
Initial Principal Amount; Securitization Bond Interest Rate; Scheduled Final Payment Date; Final Maturity Date. The Securitization Bonds of each Tranche shall have the initial principal amount, bear interest at the rates per annum (the “Securitization Bond Interest Rate”) and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: Tranche Initial Principal Amount Securitization Bond Interest Rate Scheduled Final Payment Date Final Maturity Date A-1 $ 250,000,000 5.55 300,800,000 5.97 % March 1, 2027 2032 March 1, 2028 2033 A-2 $ 396,000,000 5.21 300,800,000 6.09 % September 1, 2030 2037 September 1, 2031 2038 The Securitization Bond Interest Rate shall be computed on the basis of a 360-day year of twelve 30-day months.
Appears in 2 contracts
Samples: Series Supplement (DTE Electric Securitization Funding II LLC), Series Supplement (DTE Electric Securitization Funding II LLC)
Initial Principal Amount; Securitization Bond Interest Rate; Scheduled Final Payment Date; Final Maturity Date. The Securitization Bonds of each Tranche shall have the initial principal amount, bear interest at the rates rate per annum (the “Securitization Bond Interest Rate”) and shall have the Scheduled Final Payment Dates Date and the Final Maturity Dates Date set forth below: Tranche Initial Principal Amount Securitization Bond Interest Rate Scheduled Final Payment Date Final Maturity Date A-1 $ 250,000,000 5.55 183,593,000 2.64 % March December 1, 2026 December 1, 2027 March A-2 $ 52,207,000 3.11 % December 1, 2028 A-2 $ 396,000,000 5.21 % September 2035 December 1, 2030 September 1, 2031 2036 The Securitization Bond Interest Rate shall be computed on the basis of a 360-day year of twelve 30-day months.
Appears in 2 contracts
Samples: Series Supplement (DTE Electric Securitization Funding I LLC), Series Supplement (DTE Electric Securitization Funding I LLC)
