Accrual Rate means the annual interest rate of eight percent (8.0%).
Accrual Rate has the meaning set forth in Section 2.4.
Accrual Rate. With respect to the Class A Certificates and any Distribution Date, the lesser of (i) the One-Month LIBOR Pass-Through Rate for the applicable Interest Accrual Period and (ii) the Maximum Class A Pass-Through Rate for such Interest Accrual Period.
Examples of Accrual Rate in a sentence
For Federal and State tax purposes (i) interest shall accrue at the Accrual Rate, and (ii) payments made pursuant to section 2 shall first be treated as interest, up to the amount of interest so accrued, then shall be treated as principal, until Purchaser has received, as principal, the entire Principal Amount, and then shall be treated as interest.
More Definitions of Accrual Rate
Accrual Rate means the annual interest rate of eight and one-half percent (8.5%).
Accrual Rate. The rate set forth in the Insurance Agreement. The Accrual Rate shall be computed on the basis of the actual number of days elapsed over the actual number of days in the current calendar year. In no event shall the Accrual Rate exceed the maximum rate permissible under law applicable to this Agreement limiting interest rates.
Accrual Rate means one month LIBOR as of October 29, 2008, which was 3.1175%, plus 1.0%.
Accrual Rate means the annual interest rate of nine percent (9.0%).
Accrual Rate means a per annum rate equal to the per annum interest rate then in effect under the then Existing Credit Agreement.
Accrual Rate means the annual interest rate of nine percent (9%).
Accrual Rate means the current prime rate as published in the Wall Street Journal applicable to the period that a payment is due plus 1.00%.