A-2 Note Rate definition

A-2 Note Rate means 0.44% per annum, computed on the basis of a 360-day year of twelve 30-day months.

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A-2 Note Rate means % per annum, computed on the basis of a 360-day year of twelve 30-day months.

A-2 Note Rate means 5.914% per annum, computed on the basis of actual days elapsed and a 360-day year.

Examples of A-2 Note Rate in a sentence

The Issuing Entity shall pay interest on overdue installments of interest at the A-2 Note Rate to the extent lawful.
The Issuing Entity will pay interest on this Note at the A-2 Note Rate, on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the preceding Payment Date (after giving effect to all payments of principal made on the preceding Payment Date), subject to certain limitations contained in Section 3.1 of the Indenture.
The Issuer shall pay interest on overdue installments of interest at the A-2 Note Rate to the extent lawful.
In addition, prior to each Determination Date immediately preceding a Quarterly Payment Date, the Administrator shall determine, in compliance with its obligation to prepare an Officers' Certificate on such Determination Date pursuant to this Section, the Class A-1 Note Rate, the Class A-2 Note Rate and the Subordinate Note Rate that will be applicable to the Quarterly Payment Date following such Determination Date.
In connection therewith, the Administrator shall calculate Three-Month LIBOR, the Class A-1 Note Rate, the Class A-2 Note Rate and the Subordinate Note Rate in accordance with the respective definitions thereof.
The Issuer will pay interest on this Class A-2 Investor Note for each Series 2004-1 Interest Period, in accordance with the terms of the Indenture, at the Class A-2 Note Rate for such Interest Period.
The Issuer will pay interest on this Note at the Class A-2 Note Rate shown above on each Distribution Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the preceding Distribution Date (after giving effect to all payments of principal made on the preceding Distribution Date), or on the Closing Date in the case of the first Distribution Date, subject to certain limitations contained in the Indenture.
The Issuer shall pay interest on overdue installments of interest at the Class A-2 Note Rate to the extent lawful.
The Issuer will pay interest on this Class A-2 Note for each Series 1999-2 Interest Period, in accordance with the terms of the Indenture at the Class A-2 Note Rate for such Interest Period.
For the avoidance of doubt, Series 2018-1 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 applicable Series 2018-1 Class A-2 Note Rate.

More Definitions of A-2 Note Rate

A-2 Note Rate means, for each Interest Period, a rate per annum equal to One-Month LIBOR for that Interest Period plus 0.85% per annum, computed on the basis of the actual number of days in that Interest Period and a year of 360 days.

A-2 Note Rate means, for each Interest Period, a rate per annum equal to One-Month LIBOR for that Interest Period plus 1.20% per annum, computed on the basis of the actual number of days in that Interest Period and a year of 360 days.

A-2 Note Rate means 1.710% per annum, computed on the basis of a 360-day year of twelve 30-day months.