Class A-3 Interest definition

Class A-3 Interest. Rate” means1.31% per annum (computed on the basis of a 360-day year of twelve 30-day months).
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Class A-3 Interest. RATE: 5.95% per annum.
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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.
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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.
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Class A-3 Interest. The REMIC regular interest in the Upper-Tier REMIC that corresponds to the Class A-3 Certificates.
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Related to Class A-3 Interest

  • Class A-3 Monthly Interest means, for any Distribution Date, one-twelfth (or, in the case of the first Distribution Date, the number of days from and including the Closing Date to but excluding the 15th day of the month in which such Distribution Date occurs, assuming each month has 30 days, divided by 360) 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-4 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-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 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-3 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑3 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑3 Rate or, in the case of the first Payment Date, on the Class A‑3 Initial Principal Balance.