Class A-1 Interest definition

Class A-1 Interest. Rate: 5.626% per annum, calculated on a basis of a 360-day year consisting of twelve 30-day months. Class A-1 Mandatory Redemption Amount: (a) with respect to the Mandatory Redemption Date on which the Class A Mandatory Redemption Amount is less than $100,000, the Class A Mandatory Redemption Amount, and (b) with respect to any Payment Date on which the Class A Mandatory Redemption Amount is greater than $100,000, the product of (i) the Class A Mandatory Redemption Amount, and (ii) a fraction, the numerator of which is the Class A-1 Note Balance as of the close of business on the date prior to the related Payment Date and the denominator of which is the Class A Note Balance as of the close of business on the date prior to the related Payment Date.
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Class A-1 Interest means, with respect to each Distribution Date, the interest distributable in respect of the Class A-1 Certificates as calculated in accordance with subsection 4.6(a) of the Agreement.
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Class A-1 Interest shall have the meaning specified in subsection 4(a) of this Issuance Supplement.
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Examples of Class A-1 Interest in a sentence

  • Class A-1 Interest Carryover Shortfall, if any (and change in amount from preceding statement) $0.00 2.

  • Class A-1 Interest Carryover Shortfall, if any, (and change in amount from preceding statement) $0.00 2.

  • Interest Monthly Interest Interest and Yield Pay Class A-1 Interest Distribution- Sec.

  • Interest will be computed on the basis of the actual number of days in the Class A-1 Interest Accrual Period divided by 360.

  • The Issuer shall pay interest on overdue installments of interest at the Class A-1 Interest Rate to the extent lawful.

  • One-twelfth of the Class A-1 Interest Rate time the Class A-1 Note Balance from and including the fifteenth day of the month based on a 360-day year of 12 months and 30 days each (or from and including the Closing Date with respect to the first Distribution Date) to but excluding the fifteenth day of the month of the current Distribution Date.

  • One-twelfth of the Class A-1 Interest Rate times the Class A-1 Note Balance from and including the fifteenth day of the month based on a 360-day year of 12 months and 30 days each (or from and including the Closing Date with respect to the first Distribution Date) to but excluding the fifteenth day of the month of the current Distribution Date.

  • Interest on the Class A-1 Notes will be computed on the basis of the actual number of days in the Class A-1 Interest Accrual Period divided by 360.

  • All calculations of interest made hereunder shall be made on the basis of a year of 360 days of twelve 30-day months, other than the calculation of interest accrued on the Class A-1 Notes at the Class A-1 Interest Rate, which will be calculated on the basis of a 360-day year based upon the actual number of days elapsed.

  • Payment of Class A-1 Interest Distributable Amount from Reserve Account $ -- 8.


More Definitions of Class A-1 Interest

Class A-1 Interest means, with respect to any Distribution Date, the sum of (i) interest on the Class A-1 VFC Principal Balance for the immediately preceding Interest Accrual Period computed pursuant to subsection (b) and, if applicable, subsection (c), below, plus or minus (as the case may be) (ii) any Estimated Interest Adjustment with respect to the previous Distribution Date.
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Class A-1 Interest. The REMIC regular interest in the Upper-Tier REMIC that corresponds to the Class A-1 Certificates.
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Class A-1 Interest means an interest which is held by a Class A-1 Member, identified as such in Exhibit 1. Subject to the maximum limitation on all Class A Interests, there shall be up to 4,000 Class A-1 Interests, each representing a capital contribution of One Thousand Dollars ($1,000), unless increased at the discretion of Manager. The minimum purchase requirement for subscriptions to Class A-1 Interests is $1,000. A Member will be assigned Class A-1 Interests if the Member’s total Capital Contribution is less than $50,000.
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Class A-1 Interest. Rate: 3.52% per annum.
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Class A-1 Interest. A regular interest in REMIC 3 that has an initial principal balance of $300,034,000 and will bear interest at a rate equal to the least of (a) the London interbank offered rate for one-month U.S. dollar deposits plus a Pass-Through Margin of 0.31% and (b) the Net Funds Cap.
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Related to Class A-1 Interest

  • Class A-1 Interest Rate means [ ]% 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 Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).

  • Class A-2 Monthly Interest means (i) for the initial Distribution Date, $321,750.00, and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

  • Class A-4 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 Notes on or before such preceding Distribution Date).

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class A-1 Pass-Through Rate on the Class A-1 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or a Class A-1 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class A-1 Certificates.

  • Class A-1 Rate means 2.25000% per annum (computed on the basis of the actual number of days elapsed during the relevant Interest Period and a 360‑day year).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • 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-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class A-1 Principal Balance as of any date means the Class A‑1 Initial Principal Balance less all amounts paid to the holders of Class A‑1 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class A Monthly Interest shall have the meaning specified in subsection 4.02(a).

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class A-3 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑3 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑3 Rate or, in the case of the first Payment Date, on the Class A‑3 Initial Principal Balance.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Class A-3 Principal Balance as of any date means the Class A‑3 Initial Principal Balance less all amounts paid to the holders of Class A‑3 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class A-2 Principal Balance as of any date means the Class A-2 Initial Principal Balance less all amounts paid to the holders of Class A-2 Notes in respect of principal pursuant to Section 5.06 hereof.