Class A Interest Rate definition

Class A Interest Rate has the meaning assigned to such term in the Indenture.

Class A Interest Rate means 0.30% per annum in excess of LIBOR as determined on the related LIBOR Determination Date.

Class A Interest Rate means, with respect to any Interest Period, a rate per annum equal to LIBOR, as determined by the Calculation Agent on the LIBOR Determination Date with respect to such Interest Period, plus 1.40%.

Examples of Class A Interest Rate in a sentence

• The Compartment will hedge this interest rate risk by entering into a Class A Interest Rate Swap Agreement and a Class B Interest Rate Swap Agreement with the Interest Rate Swap Counterparty.

• To the extent any Purchaser’s Class A Interest Rate is determined by reference to the CP Rate, the Administrative Agent shall determine such Purchaser’s CP Rate and the Interest (including unpaid Interest, if any, due and payable on a prior Payment Date) to be paid by the Seller with respect to each Advance, as applicable, on each Payment Date for the related Accrual Period and shall advise the Servicer thereof on or before the third Business Day prior to such Payment Date.

• Payments pursuant to the Class A Interest Rate Cap will be deposited in the Distribution Account for payment to the Class A Certificateholders on the following Distribution Date.

• The floating rate payments the Compartment will receive under the Class A Interest Rate Swap Agreement are calculated with respect to the swap notional amount which is equal to the Principal Amount Outstanding of the Class A Notes on the immediately preceding Payment Date.

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

More Definitions of Class A Interest Rate

Class A Interest Rate. For any Accrual Period and for each Class A Advance outstanding for each day during such Accrual Period:

Class A Interest Rate means 2.82% per annum.

Class A Interest Rate has the meaning assigned to such term in the Class A Fee Letter.

Class A Interest Rate means % per annum from the Closing Date through and including January 19, 1999 and, with respect to each Interest Accrual Period thereafter, a per annum rate % in excess of LIBOR as determined on the related LIBOR Determination Date.

Class A Interest Rate means 3.83% per annum.

Class A Interest Rate means for any day during any Interest Period the sum of (i) LIBOR for such day and (ii) the Class A Applicable Margin for such day; provided, however, that the Class A Interest Rate will in no event be higher than the lesser of 6.75% or the maximum rate permitted by law; provided further, that the foregoing proviso shall not relieve the Borrower of its obligation to pay any Uncapped Lender Fees.

Class A Interest Rate means (i) from August 8, 2008 through October 31, 2008, the Adjusted Eurodollar Rate plus 2.50%; (ii) from November 1, 2008 through the Facility Maturity Date, the Adjusted Eurodollar Rate plus 4.00%; and (iii) from and after the Facility Maturity Date or at any time upon the occurrence and continuation of any Program Termination Event, the Adjusted Eurodollar Rate plus 5.00%.