Class A-3b Rate definition
Class A-3b Rate means LIBOR plus [ ]% per annum (computed on the basis of the actual number of days elapsed and a 360-day year).
Class A-3b Rate means the lesser of (i) the sum of (a) the LIBOR Rate and (b) 0.13% per annum and (ii) the maximum rate permitted by applicable law.
Class A-3b Rate means one month LIBOR plus 0.06% per annum. Interest with respect to the Class A-3b Notes shall be computed on the basis of actual days elapsed and a 360-day year for all purposes of the Basic Documents.
Examples of Class A-3b Rate in a sentence
The Issuer shall pay interest on overdue installments of interest at the Class A-3b Rate to the extent lawful.
On each LIBOR Determination Date, the Indenture Trustee will calculate the Class A-2 Rate and the Class A-3b Rate for the related Interest Period and notify the Servicer of the results of such calculation.
All determinations of the Class A-2 Rate and the Class A-3b Rate by the Indenture Trustee shall, in the absence of manifest error, be conclusive for all purposes and binding on the Noteholders.
More Definitions of Class A-3b Rate
Class A-3b Rate has the meaning set forth in the Sale and Servicing Agreement.
Class A-3b Rate means 1.99% per annum.
Class A-3b Rate means LIBOR + 0.40% per annum.
Class A-3b Rate means [ ]% per annum [(computed on the basis of a 360-day year consisting of twelve 30-day months)] [(computed on the basis of actual number of days in the related Interest Period and a 360-day year)].]
Class A-3b Rate means One-Month LIBOR plus 1.90000% per annum. For all purposes of the Basic Documents, interest with respect to the Class A-3b Notes shall be computed on the basis of the actual number of days in the related Interest Period and a 360-day year.