Class A Formula Rate definition

Class A Formula Rate. With respect to the Class A Notes and any Accrual Period, a per annum rate equal to LIBOR plus 0.35%.
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Class A Formula Rate. For any Interest Accrual Period, (x) with respect to any Payment Date which occurs on or prior to the Optional Redemption Date, LIBOR plus .20% per annum and (y) for any Payment Date thereafter, LIBOR plus .40% per annum.
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Class A Formula Rate. For any Interest Accrual Period, the sum of (i) LIBOR and (ii) 0.23%.
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Examples of Class A Formula Rate in a sentence

  • On or prior to each LIBOR Determination Date, the Indenture Trustee shall determine the Class A Formula Rate and Class M Formula Rate for the related Payment Date.

  • Even though governments that have appeared on the right holders’ behalves could share any award they receive through arbitration – such as through a proceeding under Article 25 of the Dispute Settlement Understanding – the governments are not required to turn over the proceeds.42 Instead, governments are free to allocate the damages as they see fit.

  • In exceptional circumstances, the Vice Provost for Student Life & Dean of Students may suspend the normal structure of the University Student Judicial System, including the Judicial System for Sexual and Gender-Based Misconduct, and establish an appropriate procedure for the particular needs of the pending case.


More Definitions of Class A Formula Rate

Class A Formula Rate. With respect to the Class A Certificates, and with respect to the initial Accrual Period, 4.4250% per annum, and as to any Accrual Period thereafter, will be a per annum rate equal to LIBOR plus 0.2900%; provided, however, that in any Accrual Period in which the Master Servicer has the option to purchase all Home Equity Loans pursuant to clause (i) of Section 10.1(a), the Class A Formula Rate will be a per annum rate equal to LIBOR plus 0.5800%.
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Class A Formula Rate. With respect to the Class A Notes and any Accrual Period, a per annum rate equal to LIBOR plus [__]%.
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Related to Class A Formula Rate

  • Formula Rate For any Distribution Date and the Class A Certificates and the Mezzanine Certificates, the lesser of (i) One-Month LIBOR plus the related Certificate Margin and (ii) the Maximum Cap Rate.

  • Class A-2a Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Rate means 5.604% per annum (computed on the basis of the actual number of days elapsed during the relevant Interest Period and a 360‑day year).

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class A-4 Component The Component having such designation.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Class A Fixed Pass-Through Rate As to any Distribution Date, the rate per annum set forth in Section 11.01.

  • Class A-2 Component The Component having such designation.

  • Class A-2 Note Interest Rate means a rate per annum equal to %.

  • Class A Note Rate means 2.97% per annum.

  • Class X-B Pass-Through Rate For any Distribution Date, the Class X Strip Rate for the Class X-B Component for such Distribution Date.

  • Class X Strip Rate With respect to each Component for any Distribution Date, a rate per annum equal to: (i) the WAC Rate for such Distribution Date, minus (ii) the Pass-Through Rate for the Corresponding Certificates.

  • Class A-1 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.0840%.

  • Class A Non-PO Principal Balance As of any date, an amount equal to the Class A Principal Balance less the Principal Balance of the Class A-PO Certificates.

  • Class A-3 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.8600%.

  • Class A-2 Rate means [ ]% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-1 Note Rate means, with respect to any Quarterly Interest Period, the interest rate per annum (computed on the basis of the actual number of days in such Quarterly Interest Period over a year of 360 days) equal to Three-Month LIBOR for the related LIBOR Reset Period plus 0.08%.

  • Class A-4 Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.469%.