Class A-3 Interest definition

Class A-3 Interest. Rate” means 3.01% per annum (computed on the basis of a 360-day year of twelve 30-day months).
Sample 1Sample 2
Class A-3 Interest. RATE: 5.95% per annum.
Sample 1
Class A-3 Interest means an interest which is held by a Class A-3 Member, identified as such in Exhibit 1. Subject to the maximum limitation on all Class A Interests, there shall be up to 4,000 Class A-3 Interests, each representing a capital contribution of One Thousand Dollars ($1,000), unless increased at the discretion of Manager. A Member will be assigned Class A-3 Interests if the Member’s total Capital Contribution is $100,000 or greater.
Sample 1

Examples of Class A-3 Interest in a sentence

  • On each Interest Determination Date, the Agent Bank will calculate the weighted average of the Daily Federal Funds Rates determined in (1) above by dividing (x) the sum of the Daily Federal Funds Rate determined each calendar day during the relevant Series 1 Class A3 Interest Determination Period, by (y) the number of calendar days in such Series 1 Class A3 Interest Determination Period.

  • Interest on the Class A-1 Notes, the Class A-2E Notes, the Class A-2F Notes and the Class B Notes shall accrue from day to day and shall be calculated on the basis of a 360 day year and the actual number of days elapsed.The Class A-2F Interest Amount, the Class A-3 Interest Amount and the Class C Interest Amount for the relevant Interest Accrual Period will be determined on the basis of a 360 day year consisting of 12 months of 30 days each.

  • If any A$ Note Interest Amount or Class A-3 Note Interest Amount is not paid on the date when it is due and payable, then such unpaid A$ Interest Amount or Class A-3 Interest Amount (as the case may be), will accrue interest at a rate equal to the Interest Rate applicable on each relevant Interest Period plus 1% per annum in accordance with these Conditions until paid in full.

  • Class A-3 Interest Carryover Shortfall, if any, (and change in amount from preceding statement) $0.00 4.

  • The "Class A-3 Interest Coverage Test" will be satisfied on any Measurement Date if the Class A-3 Interest Coverage Ratio as of such Measurement Date is equal to or greater than 126% on any Measurement Date; provided that, for the Measurement Date relating to the first Payment Date, the test, if applicable, will be satisfied if the Class A-3 Interest Coverage Ratio is equal to or greater than 100%.

  • On each Payment Date prior to the occurrence of an Issuer Event of Default, the Issuer must: (a) pay, in accordance with the directions of the Manager the A$ Class A-3 Interest Amount in relation to that Payment Date to the € Class A-3 Currency Swap Provider in accordance with the Currency Swap.


More Definitions of Class A-3 Interest

Class A-3 Interest. Rate The Class A-3 Interest Rate Cap Payment shall be available to pay any Basis Risk Cap Payment Allocation: Carry Forward Amount due to the Class A-3 Certificates. -------------------------------------------------------------------------------- The information herein has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information herein, or that any future offer of securities, instruments or transactions will conform to the terms hereof. Please refer to the important information and qualifications on the second page hereof when reviewing this information.
Sample 1
Class A-3 Interest. The REMIC regular interest in the Upper-Tier REMIC that corresponds to the Class A-3 Certificates.
Sample 1

Related to Class A-3 Interest

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

  • 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-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2 Monthly Interest means (i) for the initial Distribution Date, $275,916.67, and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

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

  • Class A-3 Note Balance means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes.

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Class A-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

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

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A-3 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-3 hereto.

  • Class A-4 Note Balance means, as of any date, the Initial Class A-4 Note Balance reduced by all payments of principal made on or prior to such date on the Class A-4 Notes.

  • Class A-4 Notes means the Class A-4 1.04% Asset Backed Notes, substantially in the form of Exhibit A.

  • Class A-3 Note means any of the 1.34% Asset Backed Notes, Class A-3, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

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

  • Class A-2-B Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-2-B Notes, issued in accordance with the Indenture.