Class A-1 Formula Note Rate definition

Class A-1 Formula Note Rate. For any Interest Accrual Period, the lesser of (i)(x) with respect to any Payment Date which occurs on or prior to the Class A-1 Optional Redemption Date, LIBOR plus 0.22% per annum and (y) for any Payment Date thereafter, LIBOR plus 0.44% per annum and (ii) 15.50%.
Sample 1
Class A-1 Formula Note Rate. For any Interest Accrual Period, the lesser of (i)(x) with respect to any Payment Date which occurs on or prior to the Class A-1 Optional Redemption Date, LIBOR plus ____% per annum and (y) for any Payment Date thereafter, LIBOR plus ____% per annum and (ii) ____%.
Sample 1
Class A-1 Formula Note Rate. A per annum rate equal to the lesser of (i) LIBOR plus 0.30%; provided, that, on any Payment Date after the Clean-Up Call Date related to the Class A-1 Notes, the Class A-1 Formula Note Rate will be equal to LIBOR plus 0.60% per annum, and (ii) 13.0%.
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More Definitions of Class A-1 Formula Note Rate

Class A-1 Formula Note Rate. For any Interest Accrual Period, the lesser of (i)(x) with respect to any Payment Date which occurs on or prior to the Class A-1 Optional Redemption Date for the Class A-1 Notes, LIBOR plus 0.30% per annum and (y) for any Payment Date thereafter, LIBOR plus 0.60% per annum and (ii) 15.50%.
Sample 1

Related to Class A-1 Formula Note Rate

  • Class A Note Rate means 2.97% per annum.

  • Class A-1 Note Rate means, with respect to any Quarterly Interest Period, the interest rate per annum (computed on the basis of the actual number of days in such Quarterly Interest Period over a year of 360 days) equal to Three-Month LIBOR for the related LIBOR Reset Period plus 0.08%.

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Class A-2 Note Interest Rate means a rate per annum equal to %.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Rate means 5.604% per annum (computed on the basis of the actual number of days elapsed during the relevant Interest Period and a 360‑day year).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class C Note Rate means 3.48% per annum.

  • Class B Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2 Rate means [ ]% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Class C Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Net Note Rate means, with respect to each Note, the applicable Note Rate minus the Servicing Fee Rate.

  • Initial Class A-1 Note Balance means $265,000,000.

  • Class A Note Principal Balance means, on any date of determination, an amount equal to (a) the Class A Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class A Noteholders on or prior to such date.

  • Class A Note Balance means, at any time, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance and the Class A-3 Note Balance at such time.

  • Note Rate means, in the case of the Class A-1 Notes, the Class A-1 Rate; in the case of the Class A-2a Notes, the Class A-2a Rate; in the case of the Class A-2b Notes, the Class A-2b Rate; in the case of the Class A-3 Notes, the Class A-3 Rate; in the case of the Class A-4 Notes, the Class A-4 Rate; in the case of the Class B Notes, the Class B Rate; in the case of the Class C Notes, the Class C Rate; and in the case of the Class D Notes, the Class D Rate.