Class A-3 Rate definition

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 Rate means _____% per annum.
Class A-3 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 0.05%, based on an Actual/360 accrual method. For the initial Accrual Period, the Class A-3 Rate shall mean the Initial Accrual Rate plus 0.05%, based on an Actual/360 accrual method.

Examples of Class A-3 Rate in a sentence

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

  • Interest on the Class A-3 Notes shall be payable on each Distribution Date on the principal amount outstanding of the Class A-3 Notes until the principal amount thereof is paid in full, at a rate per annum equal to the Class A-3 Rate.

  • The Issuer shall pay interest on this Note at the rate per annum equal to the Class A-3 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.

  • If funds are expected to be available, as provided in the The Issuer shall pay interest on overdue installments of interest at the Class A-3 Rate to the extent lawful.

  • The interest for the initial Accrual Period shall be as set forth in the definition of Class A-3 Rate contained in Appendix A to the Indenture.


More Definitions of Class A-3 Rate

Class A-3 Rate means 0.97% per annum.
Class A-3 Rate means [ ]% per annum. Interest with respect to the Class A-3 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-3 Rate has the meaning set forth in the Sale and Servicing Agreement.
Class A-3 Rate means 4.13% per annum.
Class A-3 Rate means 1.56% per annum.
Class A-3 Rate means 5.18% per annum.
Class A-3 Rate means [____]% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).