30/360 Basis. The accrual of interest calculated on the basis of a 360-day year consisting of twelve 30-day months.
30/360 Basis means the accrual of interest calculated on the basis of a 360-day year consisting of twelve 30-day months.
30/360 Basis means on the basis of a 360-day year consisting of 12 months of 30 days each.
Examples of 30/360 Basis in a sentence
Class of Notes Initial Class Principal Balance Note Rate Note Type Rating (Fitch) Series 2024-1, Class A-2 $ 530,000,000 6.19 % Term Notes A Series 2024-1, Class B $ 73,000,000 7.02 % Term Notes BBB Series 2024-1, Class C $ 147,000,000 11.16 % Term Notes BB- Accrued Note Interest with respect to each Interest Accrual Period for the Series 2024-1 Term Notes will be calculated on a 30/360 Basis in the manner set forth in the definition of “Accrued Note Interest” in Section 1.01 of the Base Indenture.
More Definitions of 30/360 Basis
30/360 Basis. As defined in the Preliminary Statement.
30/360 Basis means on the basis of a 360-day year consisting of twelve (12) months of thirty (30) days each.
30/360 Basis means, for purposes of calculating a rate for Distributions, such rate calculated on the basis of a 360-day year consisting of twelve 30-day months.
30/360 Basis means any Mortgage Loan that accrues interest on the basis of a 360-day year consisting of twelve 30-day months.
30/360 Basis means on the basis of a 360-day year consisting of twelve 30-day months.
30/360 Basis means the accrual of interest calculated on the basis of a 360-day year consisting of twelve 30-day months. "________________ Co-Lender Agreement" shall have the meaning assigned thereto in the Preliminary Statement.