Maximum Bond Interest Rate Assumption definition
Maximum Bond Interest Rate Assumption. With respect to any relevant Series and any relevant Class or Classes of Variable Rate Bonds, if any, for any Variable Rate Interest Accrual Period for which the applicable interest rate on such Variable Rate Bonds has not yet been determined in accordance with Section 2.3, an assumed interest rate on such Bonds as specified in the related Series Supplement.
Maximum Bond Interest Rate Assumption. The lesser of (i) the Net WAC and (ii) 8.50%.