Post-ARD Contingent Interest. From and after the Series 2015-1 Anticipated Repayment Date, as applicable to each Tranche, until the Series 2015-1 Class A-2 Outstanding Principal Amount with respect to such Tranche has been paid in full, additional interest (“Series 2015-1 Class A-2 Quarterly Post-ARD Contingent Interest”) will accrue on such Tranche at a per annum rate (equal to the rate determined by the Servicer to be the greater of (A) 5.00% per annum and (B) a rate equal to the amount, if any, by which (a) the sum of (x) the yield to maturity (adjusted to a quarterly bond-equivalent basis) on the Series 2015‑1 Anticipated Repayment Date for such Tranche of the United States Treasury Security having a term closest to ten (10) years, plus (y) 5.00%, plus (z) (1) with respect to the Series 2015-1 Class A-2-I Notes, 1.850%, (2) with respect to the Series 2015-1 Class A-2-II Notes, 2.100%, and (3) with respect to the Series 2015-1 Class A-2-III Notes, 2.250%, exceeds (b) the Series 2015‑1 Class A-2 Note Rate with respect to such Tranche. The Series 2015-1 Class A‑2 Quarterly Post-ARD Contingent Interest shall accrue and be payable in addition to the interest accrued on the applicable Tranche at the Series 2015-1 Class A-2 Note Rate for such Tranche. All computations of Series 2015-1 Class A-2 Quarterly Post-ARD Contingent Interest shall be made on the basis of a 360-day year of twelve 30-day months.
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Sources: Series Supplement (Wendy's Co)
Post-ARD Contingent Interest. From and after the Series 2015-1 Anticipated Repayment Date, as Date applicable to each Tranche, a Subclass of the Series 2015-1 Class A-2 Notes until the Series 2015-1 Class A-2 Outstanding Principal Amount with respect to such Tranche Subclass has been paid in full, additional interest will accrue on the Outstanding Principal Amount of such Subclass at an annual interest rate (the “Series 2015-1 Class A-2 Quarterly Post-ARD Contingent InterestInterest Rate”) will accrue on such Tranche at a per annum rate (equal to the rate determined by the Servicer to be the greater of (A) 5.005% per annum and (B) a per annum rate equal to the amountexcess, if any, by which (a1) the sum of (xa) the yield to maturity (adjusted to a quarterly bond-equivalent basis) ), on the such Subclass’ Series 2015‑1 2015-1 Anticipated Repayment Date for such Tranche of the United States Treasury Security having a term closest to ten (10) years, 10 years plus (yb) 5.00%, 5% plus (zc) (1i) with respect to the Series 2015-1 Class A-2-I Notes, 1.850%, 2.192% and (2ii) with respect to the Series 2015-1 Class A-2-II Notes, 2.100%, and (3) with respect to the Series 2015-1 Class A-2-III Notes, 2.2502.589%, exceeds (b2) the Series 2015‑1 Class A-2 Note Rate with respect to such Tranche. The Series 2015-1 Class A‑2 Quarterly Post-ARD Contingent Interest shall accrue and be payable in addition to the interest accrued on the applicable Tranche at the Subclass’ Series 2015-1 Class A-2 Note Rate for (such Trancheadditional interest, the “Series 2015-1 Class A-2 Post-ARD Contingent Interest”). All computations of Series 2015-1 Class A-2 Quarterly Post-ARD Contingent Interest shall be made on the basis of a 360-day year of twelve 30-day months.
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