Class B Adjusted Advance Rate definition

Class B Adjusted Advance Rate means, as of any date of determination, with respect to any Series 2021-A AAA Select Component, a percentage equal to the greater of:
Sample 1Sample 2Sample 3
Class B Adjusted Advance Rate. As of any Determination Date, the Class B Advance Rate, decreased by: (i) one-twelfth of 0.50% for each of Payment Dates 1 through 24, inclusive, (ii) one-twelfth of 1.00% for each of Payment Dates 25 through 66, inclusive; and (iii) one-twelfth of 1.50% for each of Payment Dates 67 through 90, and each Payment Date thereafter.
Sample 1

Related to Class B Adjusted Advance Rate

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Maximum Advance Rate means 80.0%.

  • Class B Note Rate means 1.93% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Class A Note Rate means, with respect to each Interest Period, a fixed rate equal to 3.23% per annum with respect to the Class A Notes.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Advance Rate has the meaning assigned to such term in Section 5.13.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Note Rate means, in the case of the Class A-1 Notes, the Class A-1 Rate; in the case of the Class A-2a Notes, the Class A-2a Rate; in the case of the Class A-2b Notes, the Class A-2b Rate; in the case of the Class A-3 Notes, the Class A-3 Rate; in the case of the Class A-4 Notes, the Class A-4 Rate; in the case of the Class B Notes, the Class B Rate; in the case of the Class C Notes, the Class C Rate; and in the case of the Class D Notes, the Class D Rate.