Class A-1 Note Rate definition

Class A-1 Note Rate means, (i) with respect to the initial Series 2003-2 Interest Period, 1.32% per annum and (ii) with respect to each Series 2003-2 Interest Period thereafter, a rate per annum equal to One-Month LIBOR for such Series 2003-2 Interest Period plus 0.20% per annum.

Class A-1 Note Rate. With respect to any Payment Date, the per annum rate equal to 4.48%; provided, that, on any Payment Date after the Clean-Up Call Date related to the Class A-1 Notes, the Class A-1 Note Rate will be 5.23%.

Class A-1 Note Rate. With respect to any Payment Date and Accrual Period, a per annum rate equal to the lesser of (i) the Class A-1 Formula Rate and (ii) the Available Funds Cap for such Payment Date.

Examples of Class A-1 Note Rate in a sentence

• To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2019-1 Class A-1 Note Rate.

• In addition, prior to each Determination Date immediately preceding a Quarterly Payment Date, the Administrator shall determine, in compliance with its obligation to prepare an Officers' Certificate on such Determination Date pursuant to this Section, the Class A-1 Note Rate, the Class A-2 Note Rate and the Subordinate Note Rate that will be applicable to the Quarterly Payment Date following such Determination Date.

• To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2019-3 Class A-1 Note Rate.

• In connection therewith, the Administrator shall calculate Three-Month LIBOR, the Class A-1 Note Rate, the Class A-2 Note Rate and the Subordinate Note Rate in accordance with the respective definitions thereof.

• To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2022-1 Class A-1 Note Rate.

More Definitions of Class A-1 Note Rate

Class A-1 Note Rate means 4.26% 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 A-1 Note Rate means 2.76% per annum.

Class A-1 Note Rate. With respect to any Payment Date, the per annum rate equal to the lesser of (i) the Class A-1 Formula Rate and (ii) the Class A-1 Available Funds Cap Rate for such Payment Date.

Class A-1 Note Rate. For any Distribution Date and the applicable Interest Period, the lesser of (A) in any month up to and including the month in which the Clean-Up Call Date occurs, ___% per annum, and ___% thereafter; and (B) the Class A-1 Interest Rate Cap.

Class A-1 Note Rate means a per annum rate equal to 2.25%, calculated on the basis of 30 days in the related Interest Period and a 360-day year.

Class A-1 Note Rate means 1.12% per annum.