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Class A-1 Formula Rate definition

Class A-1 Formula Rate. With respect to the Class [A-1] Notes and any Accrual Period, a per annum rate equal to LIBOR plus ___%.
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Class A-1 Formula Rate. A per annum rate equal to the lesser of (i) LIBOR plus [ ]% per annum; provided, that, on any Payment Date after the Clean-up Call Date, such rate will be equal to LIBOR plus [ ]% per annum and (ii) [ ]%.
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Class A-1 Formula Rate. For each Distribution Date, a rate per annum equal to One-Month LIBOR applicable to the related Interest Accrual Period, plus the Class A-1 Certificate Margin.
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Examples of Class A-1 Formula Rate in a sentence

  • The Pass-Through Rate for the Class A-1 Certificates for each Distribution Date will be the lesser of (i) the Class A-1 Formula Rate and (ii) the Pool Cap.

  • On or prior to each LIBOR Determination Date, the Indenture Trustee shall determine the Class A-1 Formula Rate, the Class A-2 Formula Rate, the Class M-1 Formula Rate and the Class M-2 Formula Rate for the related Payment Date.

  • As to any Payment Date, the lesser of (i) the Class A-1 Formula Rate and (ii) the Class A-1 Net Funds Cap Rate.

  • In the event that, on any Payment Date, the Class A-1 Net Funds Cap Rate is less than the Class A-1 Formula Rate (i.e., the Class A-1 Interest Rate equals the Class A-1 Net Funds Cap Rate), the excess of the amount of interest due based on the Class A-1 Formula Rate, over the interest due based on the Class A-1 Net Funds Cap Rate, together with interest thereon at the then-applicable Class A-1 Formula Rate.


More Definitions of Class A-1 Formula Rate

Class A-1 Formula Rate. For each Distribution Date, a rate per annum equal to the lesser of (a) One-Month LIBOR applicable to the related Interest Accrual Period, plus the Class A-1 Certificate Margin and (b) the Pool Maximum Rate Cap.
Sample 1Sample 2
Class A-1 Formula Rate. For each Distribution Date, a rate per annum equal to the lesser of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the Class A-1 Certificate Margin and (b) the Group 1 Maximum Rate Cap.
Sample 1
Class A-1 Formula Rate. As to any Distribution Date which occurs on or prior to the date on which the Pool Principal Balance is less than 5% of the Cut-Off Date Pool Principal Balance, the Certificate Index plus 0.31% per annum, and for every Distribution Date thereafter, the Certificate Index plus 0.62% per annum.
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Class A-1 Formula Rate. One-Month LIBOR plus the applicable Bond Margin.
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Class A-1 Formula Rate. With respect to the First Distribution Date, ---------------------- 6.620% per annum. With respect to all subsequent Distribution Dates, the Auction Rate established for the Class A-1 Certificates for such Distribution Date as determined pursuant to the Auction Procedures.
Sample 1
Class A-1 Formula Rate. A per annum rate equal to the lesser of (i) % per annum; provided, that, on any Payment Date after the Clean-up Call Date, such rate will be equal to % per annum and (ii) %.
Sample 1
Class A-1 Formula Rate means with respect to any Primary Payment Date, the Auction Rate established for the Class A-1 Notes for such Primary Payment Date as determined pursuant to the Auction Procedures.
Sample 1