Class A-2-B Interest Rate definition

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-2-B Interest Rate means the greater of (i) SOFR plus 0.60% per annum and (ii) 0.00% (computed on the basis of a 360-day year and the actual number of days in the related Interest Period).

Class A-2-B Interest Rate means LIBOR plus % per annum (computed on the basis of a 360-day year and the actual number of days in the related Interest Period).]

Examples of Class A-2-B Interest Rate in a sentence

• All determinations of the Class A-2B Interest Rate by the Indenture Trustee, in the absence of manifest error, will be conclusive and binding on the Noteholders.

• So long as the Class A-2B Notes are Outstanding, the Indenture Trustee will determine the Class A-2B Interest Rate for each Interest Period on the LIBOR Determination Date for such Interest Period.

• Account Details:Payments to CSIN:As advised separately in writingPayments to Counterparty:Wells Fargo Bank, N.A.,San Francisco, CAABA: 121-000-248Account Number: 3970771416 Account Name: Corporate Trust ClearingFFC: 50967303, CSAB 2006-4 Class A-2-B Interest Rate Cap AccountFor the purpose of facilitating this Transaction, an Affiliate of CSIN, which is organized in the United States of America (the “Agent”), has acted as agent for CSIN.

• If at any time the Benchmark for the Class A-2B Notes is other than LIBOR, the Class A-2B Interest Rate for each related Interest Period will be determined by the Administrator.

• A Director participating in a meeting in accordance with this Bylaw is deemed to be present at the meeting and to have so agreed.

More Definitions of Class A-2-B Interest Rate

Class A-2-B Interest Rate means the greater of (i) SOFR plus 0.45% per annum and (ii) 0.00% (computed on the basis of a 360-day year and the actual number of days in the related Interest Accrual Period).

Class A-2-B Interest Rate means the Benchmark + 0.35% 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 the Benchmark + 0.35% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

Class A-2-B Interest Rate means the greater of (i) the Benchmark, plus 0.35% per annum or if the Benchmark is not LIBOR, the applicable Benchmark Replacement Adjustment and (ii) 0.00% (computed on the basis of a 360 day year and the actual number of days in the related Interest Period).

Class A-2-B Interest Rate means SOFR Rate + 0.57% 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-2-B Interest Rate means LIBOR plus [ ]%.

Class A-2-B Interest Rate means SOFR Rate + 0.47% 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 the SOFR Rate plus 0.47% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

Class A-2-B Interest Rate means, with respect to any Payment Date and the related Interest Period, the Benchmark for the related Interest Period plus 0.30% per annum (subject to any related Benchmark Replacement Adjustment) (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 the Benchmark for such Interest Period plus such applicable spread is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.