Class B-2 Interest Rate definition

Class B-2 Interest Rate. With respect to any Payment Date, the least of:
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Class B-2 Interest Rate means 11.16% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.
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Class B-2 Interest Rate means a floating rate per annum equal to the lesser of (a) LIBOR plus the Class B-2 Margin, and (b) the Adjusted Net WAC Cap Rate, but in no case more than 15.00% per annum.
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Examples of Class B-2 Interest Rate in a sentence

  • Distributions pursuant to Section 5.06(d)(viii)(1), with respect to the Class A-2 Certificates only, and Section 5.06(d)(viii)(5), with respect to the Class B-2 Certificates only, on any Distribution Date will be made after giving effect to withdrawals from the Interest Rate Cap Account from amounts paid under the Class A-2 Interest Rate Cap Agreement and Class B-2 Interest Rate Cap Agreement, respectively.

  • For its duration, the Class B-2 Interest Rate Cap pays the Trust the product of (i) the difference between the then current 1-month LIBOR rate (not to exceed the cap ceiling) and the cap strike (on an actual/360 day count basis) and (ii) the Class B-2 Interest Rate Cap Notional Balance (the "Class B-2 Interest Rate Cap Payment") as described on the schedule herein.

  • Interest shall accrue on the Class B Deficiency Amount for the Class B-1 Notes at the Class B-1 Interest Rate, on the Class B Deficiency Amount for the Class B-2 Notes at the Class B-2 Interest Rate and on the Class B Deficiency Amount for the Class B-3 Notes at the Class B-3 Interest Rate.

  • Class B-2 Interest Rate (11.16%) (a) Class B-2 Interest Amount $ 243,660.00 -------------- (b) Unpaid Class B-2 Interest Shortfall $ 0.00 -------------- (c) Class B-2 Interest Paid $ 243,660.00 -------------- (d) Class B-2 Interest Carryover Shortfall $ 0.00 -------------- Principal 50.

  • Class B-2 Interest Rate 10.96% ------ (a) Class B-2 Interest Amount $ 182,100.40 -------------- (b) Unpaid Class B-2 Interest Shortfall $ 0.00 -------------- (c) Class B-2 Interest Paid $ 182,100.40 -------------- (d) Class B-2 Interest Carryover Shortfall $ 0.00 -------------- Principal 55.


More Definitions of Class B-2 Interest Rate

Class B-2 Interest Rate. With respect to each Payment Date, the Class B-2 Interest Rate per annum is One-Month LIBOR, as determined on the applicable Floating Rate Determination Date, plus 1.00%, subject to a cap of 10.50%, except that (i) for the initial Payment Date, the Class B-2 Interest Rate is 6.96% per annum; and (ii) the Class B-2 Interest Rate per annum for any Payment Date following the first Payment Date on which the Issuer has the option to redeem the Bonds is One-Month LIBOR, as determined on the applicable Floating Rate Determination Date, plus 1.50% subject to a cap of 11.00%; provided that, if the Issuer redeems the Class B-2 Bonds through an Affiliate and the Class B-2 Bonds remain outstanding following such purchase, the Class B-2 Interest Rate shall not be increased as provided in this clause (ii).
Sample 1
Class B-2 Interest Rate means a rate equal to the lesser of (a) 9.44% per annum and (b) the Adjusted Net WAC Cap Rate.
Sample 1
Class B-2 Interest Rate. The Class B-2 Interest Rate is the per annum rate equal to One-Month LIBOR, as determined on the applicable Floating Rate Determination Date, plus 1.00%, subject to a cap of 10.50%, accrued during the applicable Accrual Period on the outstanding principal balance of the Class B-2 Bonds immediately prior to such Payment Date, except that (i) for the initial Payment Date, the Class B-2 Interest Rate is 6.6875% per annum, and (ii) the Class B-2 Interest Rate for any Payment Date following the first Payment Date on which the Issuer has the option to redeem the Bonds shall be the per annum rate equal to One-Month LIBOR, as determined on the applicable Floating Rate Determination Date, plus 1.50% subject to a cap of 11.00%; provided that, if the Issuer redeems the Class B-2 Bonds through an Affiliate and the Class B-2 Bonds remain outstanding following such purchase, the Class B-2 Interest Rate shall not be increased as provided in this clause (ii).
Sample 1
Class B-2 Interest Rate means 11.72%.
Sample 1
Class B-2 Interest Rate means 10.08% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.
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Related to Class B-2 Interest Rate

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

  • Class A-1 Interest Rate means 0.75000% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

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

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

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

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

  • Class E Interest Rate means 4.99% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class D 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-3 Interest Rate means 1.49% 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 Interest Rate has the meaning assigned to such term in the Indenture.

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

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Class B-2 Pass-Through Rate For the first Distribution Date, 6.850% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-2 Margin,

  • Class B-3 Pass-Through Rate For the first Distribution Date, 4.120% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-3 Margin, (2) the Weighted Maximum Rate Cap and (3) the Available Funds Cap for such Distribution Date.

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

  • Class B-1 Pass-Through Rate For the first Distribution Date, 6.3300% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-1 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.

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

  • Class C 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 B 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].

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.

  • Class B Pass-Through Rate As to any Distribution Date, 6.500% per annum.

  • 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].