Examples of Class A-1 Interest Rate in a sentence
The Issuer shall pay interest on overdue installments of interest at the Class A-1 Interest Rate to the extent lawful.
All calculations of interest made hereunder shall be made on the basis of a year of 360 days of twelve 30-day months, other than the calculation of interest accrued on the Class A-1 Notes at the Class A-1 Interest Rate, which will be calculated on the basis of a 360-day year based upon the actual number of days elapsed.
The Issuer will pay interest on this Note at the Class A-1 Interest Rate, on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the close of business on the preceding Payment Date, subject to certain limitations contained in Article V of the Sale and Servicing Agreement (referred to on the reverse side hereof).
The Issuer will pay interest on this Note at the Class A-1 Interest Rate.
The interest rate for the Class A-1 Bonds (the "Class A-1 Interest Rate") on each Payment Date after the first Payment Date and up to and including the Payment Date on which the Issuer is first permitted to exercise its option to redeem the Bonds will be equal to the lesser of (i) a per annum floating rate equal to LIBOR (as defined in the Master Servicing Agreement), for the related Interest Accrual Period plus 0.38% and (ii) 10% per annum.