Class A-1 Formula Rate. With respect to the Class [A-1] Notes and any Accrual Period, a per annum rate equal to LIBOR plus ___%.
Class A-1 Formula Rate. A per annum rate equal to the lesser of (i) LIBOR plus [ ]% per annum; provided, that, on any Payment Date after the Clean-up Call Date, such rate will be equal to LIBOR plus [ ]% per annum and (ii) [ ]%.
Class A-1 Formula Rate. For each Distribution Date, a rate per annum equal to One-Month LIBOR applicable to the related Interest Accrual Period, plus the Class A-1 Certificate Margin.
Examples of Class A-1 Formula Rate in a sentence
The Pass-Through Rate for the Class A-1 Certificates for each Distribution Date will be the lesser of (i) the Class A-1 Formula Rate and (ii) the Pool Cap.
More Definitions of Class A-1 Formula Rate
Class A-1 Formula Rate. For each Distribution Date, a rate per annum equal to the lesser of (a) One-Month LIBOR applicable to the related Interest Accrual Period, plus the Class A-1 Certificate Margin and (b) the Pool Maximum Rate Cap.
Class A-1 Formula Rate. For each Distribution Date, a rate per annum equal to the lesser of (a) One-Month LIBOR as of the related LIBOR Determination Date, plus the Class A-1 Certificate Margin and (b) the Maximum Cap Rate.
Class A-1 Formula Rate. With respect to the First Distribution Date, ---------------------- 6.620% per annum. With respect to all subsequent Distribution Dates, the Auction Rate established for the Class A-1 Certificates for such Distribution Date as determined pursuant to the Auction Procedures.
Class A-1 Formula Rate. With respect to any Distribution Date, the lesser of (i) One-Month LIBOR plus 0.50% per annum and (ii) 10.50% per annum.
Class A-1 Formula Rate. A per annum rate equal to the lesser of (i) % per annum; provided, that, on any Payment Date after the Clean-up Call Date, such rate will be equal to % per annum and (ii) %.
Class A-1 Formula Rate means with respect to any Primary Payment Date, the Auction Rate established for the Class A-1 Notes for such Primary Payment Date as determined pursuant to the Auction Procedures.