Class A-3 Note Rate definition

Class A-3 Note Rate means, for (i) the initial Series 2005-4 Interest Period, 3.39125% per annum and (ii) any other Series 2005-4 Interest Period, the sum of 0.28% plus LIBOR for such Series 2005-4 Interest Period.

Class A-3 Note Rate. With respect to any Payment Date, the per annum rate equal to the lesser of (i) the Class A-3 Formula Note Rate and (ii) the Class A-3 Net WAC Cap Rate for such Payment Date.

Class A-3 Note Rate. For any Distribution Date and the applicable Interest Period, the lesser of the Class A-3 Formula Rate and (B) the Available Funds Cap.

Examples of Class A-3 Note Rate in a sentence

• The Company will pay interest on this Class A-3 Note at the Class A-3 Note Rate.

• The Issuer shall pay interest on overdue installments of interest at the Class A-3 Note Rate to the extent lawful.

• On each LIBOR Determination Date, the Calculation Agent shall determine the Class A-1 Note Rate, the Class A-3 Note Rate, the Class A-5 Note Rate, the Class B-1 Note Rate, the Class B-3 Note Rate and the Class B-5 Note Rate for the next succeeding Series 2005-2 Interest Period and deliver notice of the Class A-1 Note Rate, the Class A-3 Note Rate, the Class A-5 Note Rate, the Class B-1 Note Rate, the Class B-3 Note Rate and the Class B-5 Note Rate to the Trustee and the Administrator.

• The Issuer will pay interest on this Note at the Class A-3 Note Rate shown above 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), or on the Closing Date in the case of the first Distribution Date, subject to certain limitations contained in the Indenture.

• BNY MTC is hereby appointed Calculation Agent for the purpose of determining the Class A-1 Note Rate, the Class A-3 Note Rate, the Class A-5 Note Rate, the Class B-1 Note Rate, the Class B-3 Note Rate and the Class B-5 Note Rate for each Series 2005-2 Interest Period.

More Definitions of Class A-3 Note Rate

Class A-3 Note Rate means [*****]% per annum.

Class A-3 Note Rate means 6.02% per annum.

Class A-3 Note Rate means six and 808/1000 percent (6.808%) per annum based upon thirty days elapsed each month in a twelve-month year.

Class A-3 Note Rate is defined in Schedule A attached hereto and made a part hereof.

Class A-3 Note Rate means, (i) with respect to the initial Series 2005-2 Interest Period, 4.58% per annum and (ii) with respect to each Series 2005-2 Interest Period thereafter, a rate per annum equal to One-Month LIBOR for such Series 2005-2 Interest Period plus 0.20% per annum.

Class A-3 Note Rate means 5.01% per annum.

Class A-3 Note Rate means 2.85% per annum.