Class A-2-B Interest Rate definition
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%.
Class A-2-B Interest Rate means the greater of (i) SOFR plus % per annum and (ii) 0.00% (computed on the basis of a 360-day year and the actual number of days in the related Interest Period).]
Class A-2-B Interest Rate means the greater of (i) SOFR plus 0.45% per annum and (ii) 0.00% (computed on the basis of a 360-day year and the actual number of days in the related Interest Accrual Period).
Examples of Class A-2-B Interest Rate in a sentence
All determinations of the Class A-2B Interest Rate by the Indenture Trustee, in the absence of manifest error, will be conclusive and binding on the Noteholders.
Upon its determination of the Class A-2B Interest Rate, the Indenture Trustee shall communicate the rate to the Servicer.
Upon its determination of the Class A-2B Interest Rate, the Indenture Trustee or the Administrator, as applicable, shall communicate the rate to the Servicer.
A Director participating in a meeting in accordance with this Bylaw is deemed to be present at the meeting and to have so agreed.
Upon its determination of the Class A-2-B Interest Rate, the Indenture Trustee shall communicate the rate to the Servicer.
More Definitions of Class A-2-B Interest Rate
Class A-2-B Interest Rate means LIBOR plus % per annum (computed on the basis of a 360-day year and the actual number of days in the related Interest Period).]
Class A-2-B Interest Rate means the Benchmark + 0.35% 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 the Benchmark + 0.35% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.
Class A-2-B Interest Rate means the greater of (i) the Benchmark, plus 0.35% per annum or if the Benchmark is not LIBOR, the applicable Benchmark Replacement Adjustment and (ii) 0.00% (computed on the basis of a 360 day year and the actual number of days in the related Interest Period).
Class A-2-B Interest Rate means LIBOR + 0.32% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).
Class A-2-B Interest Rate means SOFR Rate + 0.47% 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 the SOFR Rate plus 0.47% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.
Class A-2-B Interest Rate means LIBOR plus [ ]%.
Class A-2-B Interest Rate means, with respect to any Payment Date and the related Interest Period, the Benchmark for the related Interest Period plus 0.30% per annum (subject to any related Benchmark Replacement Adjustment) (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 the Benchmark for such Interest Period plus such applicable spread is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.