Interest Rates; Principal Payments. (a) The Reset Rate Notes will bear interest for each Reset Period at the rate set forth on Schedule A attached to the Reset Rate Note as determined in accordance with Section 2(b) below; provided, that for the initial Reset Period, the Reset Rate Notes will bear interest from the Closing Date through and including the Initial Reset Date at the rate set forth in the first sentence of the definitions of “Class A-[·] Rate”. Interest on the Reset Rate Notes shall be payable by the Trust with respect to each Distribution Date at the priority level set forth in Section 2.8(d) of the Administration Agreement; provided, that if interest due to the Reset Rate Notes is payable through a Swap Agreement, the related Swap Interest Payments will be payable by the Trust to the related Swap Counterparty, and by the Swap Counterparty to the Trust (for payment to the Reset Rate Noteholders), as described in Section 10 below.
Interest Rates; Principal Payments. (a) Each class of Reset Rate Notes will bear interest for each Reset Period at the rate set forth on Schedule A attached to the related Reset Rate Note as determined in accordance with Section 2(b) below; provided, that for the initial Reset Period, each class of the Reset Rate Notes will bear interest from the Closing Date through and including the related Initial Reset Date at the rate set forth in the first sentence of the definitions of "Class A-5A Rate" and "Class A-5B Rate," respectively. Interest on each class of Reset Rate Notes shall be payable by the Trust with respect to each quarterly Distribution Date at the priority level set forth in Section 2.7C of the Administration Agreement; provided, that if interest due to a class of Reset Rate Notes is payable through a Swap Agreement, the related Swap Interest Payments will be payable by the Trust to the related Swap Counterparty, and by the Swap Counterparty to the Trust (for payment to the related Reset Rate Noteholders), as described in Section 10 below.
Interest Rates; Principal Payments. (a) The Class A-5A, Class A-5B and Class A-5C Notes will bear interest from the Closing Date through and including the related Initial Reset Date, payable on each Distribution Date, at the rate set forth in the first sentence of the definition of Class A-5A Rate and the first two sentences of the definition of Class A-5B Rate and Class A-5C Rate, respectively. The applicable interest rate for each subsequent Reset Period will be determined as set forth below. Interest on any class of Reset Rate Notes after the initial Reset Period may be reset to bear either a fixed or floating rate of interest at the option of the Remarketing Agents, in consultation with the Administrator. Interest on each class of Reset Rate Notes shall be paid on each Distribution Date at the priority level set forth in Section 2.7C of the Administration Agreement.
Interest Rates; Principal Payments. (a) The Class A-5A, Class A-5B, Class A-5C, Class A-5D and Class A-5E Notes will bear interest from the Closing Date through and including the related Initial Reset Date, payable on each Distribution Date, at the rate set forth in the first sentence of the definition of Class A-5A Rate, Class A-5B Rate and Class A-5D Rate and the first two sentences of the definition of Class A-5C Rate and Class A-5E Rate, respectively. The applicable interest rate for each subsequent Reset Period will be determined as set forth below. Interest on any class of Reset Rate Notes after the initial Reset Period may be reset to bear either a fixed or floating rate of interest at the option of the Remarketing Agents, in consultation with the Administrator. Interest on each class of Reset Rate Notes shall be paid on each Distribution Date at the priority level set forth in Section 2.7C of the Administration Agreement.
