Class A-2 Additional Interest definition

Class A-2 Additional Interest shall have the meaning specified in Section 4.02(b).
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Class A-2 Additional Interest is defined in Section 4.1(a)(ii).
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Class A-2 Additional Interest means, on any Payment Date, the amount, if any, by which (a) the amount of interest the CP Funded Borrowings would have been entitled to receive on such Payment Date had such rate been calculated based on the Cost of Funds Rate exceeds (b) the amount of interest payable on the CP Funded Borrowings at the Class A LIBOR Rate for such Payment Date.
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Examples of Class A-2 Additional Interest in a sentence

  • In addition, holders Class A-2 Notes will be entitled to receive Class A-2 Additional Interest, if any, with respect to the CP Funded Borrowings.

  • The rating of the Class A Notes does not address the payment of any Class A-2 Increased Cost Amount, Class A-2 Additional Interest or Class A-2 Rating Downgrade Amount.


More Definitions of Class A-2 Additional Interest

Class A-2 Additional Interest means, on any Distribution Date, the amount, if any, by which (a) the amount of interest that would have been payable on such Distribution Date with respect to the CP Funded Borrowings had such rate been calculated based on the Cost of Funds Rate plus 0.51% exceeds (b) the amount of interest payable on the CP Funded Borrowings at the Class A LIBOR Rate for such Distribution Date.
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Class A-2 Additional Interest shall have the meaning specified in subsection 4.6(b) of the Agreement.
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Related to Class A-2 Additional Interest

  • Class C Additional Interest is defined in Section 4.1(c).

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

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

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • 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-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-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • 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 A-3 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).

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

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