Class B Certificate Rate definition

Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

Class B Certificate Rate means, for any Interest Accrual Period with respect to the Class B Certificates, a per annum rate equal to 2.20%.

Class B Certificate Rate means from the Closing Date through October 14, 1997 and from October 15, 1997 through November 16, 1997, and with respect to each Interest Period thereafter, a per annum rate equal to 0.30% in excess of LIBOR, as determined on the related LIBOR Determination Date.

Examples of Class B Certificate Rate in a sentence

• The Class A Certificate Rate and Class B Certificate Rate applicable to the then current and the immediately preceding Interest Accrual Periods may be obtained by any Investor Certificateholder by telephoning the Trustee at its Corporate Trust Office at (000) 000-0000.

• The amount of additional interest [at the Class B Certificate Rate] with respect to interest amounts that were due but not paid on a previous Distribution Date....

• The Trustee shall cause the Class A Certificate Rate and the Class B Certificate Rate applicable to an Interest Period to be provided to the Luxembourg Stock Exchange as soon as possible after its determination but in no event later than the first day of such Interest Period.

• The amount of additional interest [at the Class B Certificate Rate] with respect to interest amounts that were due but not paid on a previous Distribution Date.....

• The Class A Certificate Rate and Class B Certificate Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by any Investor Certificateholder by telephoning the Trustee at its Corporate Trust Office at (000) 000-0000.

More Definitions of Class B Certificate Rate

Class B Certificate Rate means ____% per annum, calculated on the basis of a 360-day year consisting of twelve 30-day months.

Class B Certificate Rate means, for an Interest Period and the Distribution Date immediately following such Interest Period, a rate per annum equal to the lesser of (i) LIBOR plus [ ] per annum and (ii) the related Net Receivables Rate.

Class B Certificate Rate means a per annum rate of 0.25% in ------------------------ excess of LIBOR as determined (i) on May 19, 1998 for the period from and including the Closing Date through and including June 17, 1998 and (ii) on the related LIBOR Determination Date with respect to each Interest Period thereafter.

Class B Certificate Rate means for any Interest

Class B Certificate Rate means, for any Interest Accrual Period with respect to the Class B Certificates, a per annum rate equal to 5.52%; provided, however, that the Transferor may adjust the Class B Certificate Rate from time to time only upon the satisfaction of the Class B Certificate Rate Adjustment Conditions.

Class B Certificate Rate. With respect to any Distribution Date and the Class B Certificates, the lesser of (A) the sum of (1) LIBOR and (2) 2.00% per annum and (B) the Subordinate Net WAC Cap for the Distribution Date.

Class B Certificate Rate means, with respect to any Interest Accrual Period, a per annum rate equal to 0%; provided, however such interest rate may be increased pursuant to the terms of a supplemental agreement entered into in accordance with Section 7.3.