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Class A-2 Rate definition

Class A-2 Rate means [ ]% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.
Class A-2 Rate means, for any Accrual Period after the initial Accrual Period, Three-Month LIBOR, as determined on the second Business Day before the beginning of the applicable Accrual Period, plus 0.00%, based on an Actual/360 accrual method. For the initial Accrual Period, the Class A-2 Rate shall mean the Initial Accrual Rate plus 0.00%, based on an Actual/360 accrual method.
Class A-2 Rate means _____% per annum.

Examples of Class A-2 Rate in a sentence

  • The Issuer shall pay interest on overdue installments of interest at the Class A-2 Rate to the extent lawful.

  • The Issuer shall pay interest on this Note at the rate per annum equal to the Class A-2 Rate (as defined on the reverse hereof), on each Distribution Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the preceding Distribution Date (after giving effect to all payments of principal made on the preceding Distribution Date), subject to certain limitations contained in Section 3.1 of the Indenture.

  • The holders of the Class A-2 Certificates will be entitled to receive on each Distribution Date the interest, if any, received on the Underlying Securities, to the extent necessary to pay interest at a rate of 2.00% per annum (the "Class A-2 Rate") on the outstanding notional amount of the Class A-2 Certificates, which notional amount shall be equal to the Certificate Principal Balance of the Class A-1 Certificates.

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

  • The Issuer shall pay interest on overdue installments of interest on this Note at the Class A-2 Rate to the extent lawful.


More Definitions of Class A-2 Rate

Class A-2 Rate means [ ]% per annum. Interest with respect to the Class A-2 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months for all purposes of the Basic Documents.
Class A-2 Rate has the meaning set forth in the Sale and Servicing Agreement.
Class A-2 Rate means 0.59% per annum.
Class A-2 Rate means [____]% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).
Class A-2 Rate means 1.63% per annum.
Class A-2 Rate means 2.02% per annum.
Class A-2 Rate means, for any Accrual Period after the initial Accrual Period, One-Month LIBOR, as determined on the related LIBOR Determination Date, plus 0.28% based on an Actual/360 accrual method. For the initial Accrual Period, the Class A-2 Rate shall mean the Initial Accrual Rate plus 0.28%, based on an Actual/360 accrual method.