Class A-6 Rate definition

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, 3.46% per annum, based on a 30/360 accrual method with the initial Accrual Period consisting of 86 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

  • Payments (a) The Reset Rate Notes will bear interest for each Reset Period at the rate set forth on Schedule A attached to the Reset Rate Note as determined in accordance with Section 2(b) below; provided, that for the initial Reset Period, the Reset Rate Notes will bear interest from the Closing Date through and including the Initial Reset Date at the rate set forth in the first sentence of the definitions of "Class A-6 Rate".


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 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, for any Accrual Period after the initial Auction Date, the Auction Note Interest Rate for the Class A-6 Notes. For the initial Accrual Period, the Class A-6 Rate shall mean 1.32%.
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.