Class A-6 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 0.15%, based on an Actual/360 accrual method. For the initial Accrual Period, the Class A-6 Rate shall mean the Initial Accrual Rate plus 0.15%, based on an Actual/360 accrual method.
Class A-6 Rate means 5.99% per annum. Interest with respect to the Class A-6 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-6 Rate means, for any Accrual Period until and including the Initial Reset Date for the Class A-6 Notes, 5.45% per annum based on a Actual/Actual ("ISMA") accrual method with the initial Accrual Period, consisting of 295 days. The Class A-6 Rate shall be changed on each related Reset Date to the interest rate and Day Count Basis that will be set forth in the notice required to be delivered by the Administrator and/or the Remarketing Agents on each Remarketing Terms Determination Date and Spread Determination Date, as applicable, pursuant to the procedures set forth in the Reset Rate Note Procedures.
Examples of Class A-6 Rate in a sentence
The Issuer shall pay interest on this Note at the rate per annum equal to the Class A-6 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.
More Definitions of Class A-6 Rate
Class A-6 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 0.16% based on an Actual/360 accrual method. For the initial Accrual Period, the Class A-4 Rate shall mean the Initial Accrual Rate plus 0.16%, based on an Actual/360 accrual method.
Class A-6 Rate means, for any Accrual Period (other than the initial Accrual Period) until and including the Initial Reset Date for the Class A-6 Notes, Three-Month EURIBOR, as determined on the second Business Day before the beginning of the applicable Accrual Period, plus 0.07%, based on an Actual/360 accrual method. For the initial Accrual Period, the Class A-6 Rate shall mean the Initial Accrual Rate plus 0.07%, based on an Actual/360 accrual method.
Class A-6 Rate means, for any Accrual Period until and including the Initial Reset Date for the Class A-6 Notes, 5.45% per annum based on an Actual/Actual (“ISMA”) accrual method with the initial Accrual Period, consisting of 295 days. The Class A-6 Rate shall be changed on each related Reset Date to the interest rate and Day Count Basis that will be set forth in the notice required to be delivered by the Administrator and/or the Remarketing Agents on each related Remarketing Terms Determination Date and Spread Determination Date, as applicable, pursuant to the procedures set forth in the Reset Rate Note Procedures. Notwithstanding the foregoing, if the Class A-6 Rate for any Accrual Period is based on LIBOR (or the then-current Benchmark) and the Administrator determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the determination date of the then-current Benchmark, the Benchmark Replacement shall be determined in accordance with Section 2.14 of this Indenture.
Class A-6 Rate means, for any Accrual Period after the initial Accrual Period, Three-Month LIBOR, as determined on the related LIBOR Determination Date, plus 0.29% based on an Actual/360 accrual method. For the initial Accrual Period, the Class A-6 Rate shall mean the Initial Accrual Rate plus 0.29%, based on an Actual/360 accrual method with the initial Accrual Period consisting of 137 days. The Class A-6 Rate may be changed on each related Reset Date to the interest rate and Day Count Basis that will be set forth in the notice required to be delivered by the Administrator and/or the Remarketing Agents on each related Remarketing Terms Determination Date and Spread Determination Date, as applicable, pursuant to the procedures set forth in the Reset Rate Note Procedures.
Class A-6 Rate and "Class A-7 Rate," respectively. Interest on each class of Reset Rate Notes shall be payable by the Trust with respect to each Distribution Date at the priority level set forth in Section 2.8(d) of the Administration Agreement; provided, that if interest due to a class of Reset Rate Notes is payable through a Swap Agreement, the related Swap Interest Payments will be payable by the Trust to the related Swap Counterparty, and by the Swap Counterparty to the Trust (for payment to the related Reset Rate Noteholders), as described in Section 10 below.
Class A-6 Rate means Three-Month LIBOR, as determined on the second Business Day before the beginning of the applicable Accrual Period, plus 0.14%, based on an Actual/360 accrual method.
Class A-6 Rate means, for any Accrual Period after the initial Accrual Period until and including the Initial Reset Date for the Class A-6 Notes, Three-Month EURIBOR, as determined on the related EURIBOR Determination Date, plus 0.125%, based on an Actual/360 accrual method. For the initial Accrual Period, the Class A-6 Rate shall mean the Initial Accrual Rate plus 0.125%, based on an Actual/360 accrual method. The Class A-6 Rate shall be changed on each related Reset Date to the interest rate and Day Count Basis that will be set forth in the notice required to be delivered by the Administrator and/or the Remarketing Agents on each Remarketing Terms Determination Date and Spread Determination Date, as applicable, pursuant to the procedures set forth in the Reset Rate Note Procedures.