Class B-2 Note Rate definition

Class B-2 Note Rate shall have the meaning with respect to the Class B-2 Notes specified in the related Class B Notes Term Sheet.
Class B-2 Note Rate means 5.93% per annum.
Class B-2 Note Rate means 9.510% per annum.

Examples of Class B-2 Note Rate in a sentence

  • To the extent any interest accruing at the applicable Series 2022-1 Class B-2 Note Rate is not paid when due, such unpaid interest will accrue interest at the Series 2022-1 Class B-2 Note Rate.

  • All computations of interest at the Series 2021-1 Class B-2 Note Rate shall be made on a 30/360 Day Basis.

  • All computations of interest at the Series 2022-1 Class B-2 Note Rate shall be made on a 30/360 Day Basis.

  • To the extent any interest accruing at the applicable Series 2021-1 Class B-2 Note Rate is not paid when due, such unpaid interest will accrue interest at the Series 2021-1 Class B-2 Note Rate.

  • All computations of interest at the Series 2020-1 Class B-2 Note Rate shall be made on a 30/360 Day Basis.

  • A CBC must be started by a student directly at xxxx://xxx.xxxxxxxxxxxxxxxxxxxxxxx.xxx/ and the results MUST be received by the Program no later than the 7th scheduled class of the enrolled course.


More Definitions of Class B-2 Note Rate

Class B-2 Note Rate means 2.48% per annum.

Related to Class B-2 Note Rate

  • Class A-2 Note Rate means, for (i) the initial Series 2005-1 Interest Period, 2.71% per annum and (ii) any other Series 2005-1 Interest Period, the sum of 0.06% plus LIBOR for such Series 2005-1 Interest Period.

  • Class C Note Rate means 3.48% per annum.

  • Class A-1 Note Rate means, (i) with respect to the initial Series 2003-2 Interest Period, 1.32% per annum and (ii) with respect to each Series 2003-2 Interest Period thereafter, a rate per annum equal to One-Month LIBOR for such Series 2003-2 Interest Period plus 0.20% per annum.

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Class A Note Rate means, with respect to each Interest Period, a fixed rate equal to 4.10% per annum with respect to the Class A Notes.

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

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

  • Class A-4 Note Interest Rate means a rate per annum equal to 2.11%.

  • Class A-2 Note Balance means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 Notes.

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

  • 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-2-A 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%.

  • Net Note Rate means, with respect to each Note, the applicable Note Rate minus the Servicing Fee Rate.

  • Initial Class A-2 Note Balance means $235,000,000.

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

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

  • Initial Class A-3 Note Balance means $380,000,000.

  • Class A-3 Note Balance means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes.

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

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Class A-2 Note means any of the 0.36% Asset Backed Notes, Class A‑2, issued under the Indenture substantially in the form attached thereto as Exhibit A-2.

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