Class A-1 Rate definition

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-1 Rate means [ ]% per annum.
Class A-1 Rate means 0.19000% per annum.

Examples of Class A-1 Rate in a sentence

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

  • The Issuer shall pay interest on this Note at the rate per annum equal to the Class A-1 Rate (as defined on the reverse hereof), 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), subject to certain limitations contained in Section 3.1 of the Indenture.

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

  • A-1 Notes shall be payable on each Distribution Date on the principal amount outstanding of the Class A-1 Notes until the principal amount thereof is paid in full, at a rate per annum equal to the Class A-1 Rate.

  • The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, and the Class A-4 Notes shall accrue interest during each Interest Period at the Class A-1 Rate, the Class A-2 Rate, the Class A-3 Rate, and the Class A-4 Rate, respectively, and such interest shall be payable on each related Distribution Date as specified in the applicable Note by applying amounts available pursuant to Section 5.06 of the Sale and Servicing Agreement and to Section 3.01 of this Indenture.


More Definitions of Class A-1 Rate

Class A-1 Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed and a 360-day year).
Class A-1 Rate means, for any Accrual Period after the initial Accrual Period, Three-Month LIBOR, as determined on the second Business Day before the beginning of the applicable Accrual Period, minus 0.03%, based on an Actual/360 accrual method. For the initial Accrual Period, the Class A-1 Rate shall mean the Initial Accrual Rate minus 0.03%, based on an Actual/360 accrual method.
Class A-1 Rate has the meaning set forth in the Sale and Servicing Agreement.
Class A-1 Rate means [ ]% per annum. Interest with respect to the Class A-1 Notes shall be computed on the basis of actual days elapsed in the applicable Interest Period divided by 360 for all purposes of the Basic Documents.
Class A-1 Rate means 1.351% per annum.
Class A-1 Rate means 1.25000% 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-1 Rate means 5.010% per annum. Interest with respect to the Class A-1 Notes shall be computed on the basis of actual days elapsed and a 360-day year for all purposes of the Basic Documents.