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.