Certificate Rate definition
Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).
Certificate Rate. With respect to each Class of Certificates on any Distribution Date, the percentage per annum or other entitlement to interest described in Section 2.03. With respect to each REMIC Interest on any Distribution Date, the Certificate Rates described in Section 2.03.
Certificate Rate. With respect to the Certificates, as to each Distribution Date, the rate specified as such in the Trust Agreement.
Examples of Certificate Rate in a sentence
In the event of an optional purchase pursuant to Section 8.01(a) of the Sale and Servicing Agreement, the Trust Certificates will be prepaid in whole, but not in part, at an aggregate prepayment price equal to the aggregate Certificate Balance of all the Trust Certificates plus accrued interest thereon at the Certificate Rate.
More Definitions of Certificate Rate
Certificate Rate means, with respect to any Series or Class, the certificate rate specified therefor in the related Supplement.
Certificate Rate means [__]% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).
Certificate Rate means, with respect to any Series of Certificates (or, for any Series with more than one Class, for each Class of such Series), the percentage (or formula on the basis of which such rate shall be determined) stated in the related Supplement.
Certificate Rate means, with respect to any Series of Certificates (or, for any Series with more than one class, for each class of such Series), the percentage (or formula on the basis of which such rate shall be determined) stated in the related Supplement; provided, that unless otherwise provided in a Supplement, such rate shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Certificate Rate means _____% per annum.
Certificate Rate. As to any Class of Certificates, the respective per annum rate set forth or described below: Class Certificate Rate ----- ----------------
Certificate Rate with respect to any Class or Subclass, shall mean the certificate rate set forth in the Series Term Sheet with respect to such Class or Subclass, as such rate may be adjusted as of the beginning of each Interest Accrual Period, if applicable; provided, however, that the Certificate Rate for any Class or Subclass that does not have a fixed Certificate Rate shall not exceed the Class Cap Rate or Class Maximum Rate, as applicable, for such Class or Subclass; and provided, further, that any interest on the Investor Certificates (including any interest accrued with respect to any Class Deficiency Amount) shall be payable or distributed (i) with respect to a Class that is subject to a Class Currency Swap, to the Currency Swap Counterparty (or, in the event of a Currency Swap Termination, converted into Foreign Currency by the Trustee as described in Section 10) or (ii) with respect to a Class that is not subject to a Class Currency Swap, to the Investor Certificateholders, in each case, only to the extent permitted by applicable law.