Class A-2 Certificate Rate definition

Class A-2 Certificate Rate. With respect to any Distribution Date and the Class A-2 Certificates,_____________% per annum.

Class A-2 Certificate Rate. On any Distribution Date, a per annum rate equal to the lesser of (a) one-month LIBOR plus [____]%, or one-month LIBOR plus [____]% following the Optional Termination Date, and (b) the Class A-2 Available Funds Cap for such Distribution Date.

Class A-2 Certificate Rate means, with respect to any Interest Period, a fixed per annum rate equal to 6.15%.

Examples of Class A-2 Certificate Rate in a sentence

• For any Distribution Date, if the amount by which the Class A-2 Available Funds Cap exceeds the Class A-2 Certificate Rate by [___] basis points or less, the excess of (x) the greater of (1) $[_______] and (2) the Class A-2 Available Funds Cap Carryforward, over (y) the amount on deposit in the Basis Risk Reserve Fund prior to deposits thereto on such Distribution Date.

• With respect to the Class A-2 Certificates, on the second LIBOR Business Day immediately preceding each Distribution Date (referred to in this sentence as the “current Distribution Date”) the Trustee shall determine LIBOR and the Class A-2 Certificate Rate for such Class and the Distribution Date next succeeding such current Distribution Date and inform the Servicer (at the facsimile number given to the Trustee in writing) of such rate.

More Definitions of Class A-2 Certificate Rate

Class A-2 Certificate Rate. 6.10% per annum.

Class A-2 Certificate Rate. With respect to any Distribution Date and the Class A-2 Certificates, 5.61% per annum.

Class A-2 Certificate Rate means, with respect to any Interest Period, the lesser of (a) LIBOR for such Interest Period, plus 0.08% and (b) the Assets Receivables Rate for the immediately preceding Interest Period.

Class A-2 Certificate Rate means 2.57% per annum above LIBOR determined on December 12, 1996 for the period from December 16, 1996 through January 14, 1997, and with respect to each Class A-2 Interest Accrual Period thereafter, a per annum rate 2.57% in excess of LIBOR, as determined on the related LIBOR Determination Date.

Class A-2 Certificate Rate. For any Distribution Date, the lesser of (A) the Class A-2 Formula Rate and (B) the Class A-2 Available Funds Cap Rate for such Distribution Date.

Class A-2 Certificate Rate. 6.045% per annum.

Class A-2 Certificate Rate means, with respect to any Interest Period, the lesser of (a) LIBOR for such Interest Period, plus 0.13% and (b) the Assets Receivables Rate for the immediately preceding Interest Period.