Class A-2 Note Rate definition

Class A-2 Note Rate means, for (i) the initial Series 2005-4 Interest Period, 3.31125% per annum and (ii) any other Series 2005-4 Interest Period, the sum of 0.20% plus LIBOR for such Series 2005-4 Interest Period.
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Class A-2 Note Rate. With respect to any Payment Date, the per annum rate equal to the lesser of (i) the Class A-2 Formula Note Rate and (ii) the Class A-2 Net WAC Cap Rate for such Payment Date.
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Class A-2 Note Rate. For any Interest Accrual Period, the lesser of the Class A-2 Formula Note Rate and the Class A-2 Maximum Rate.
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Examples of Class A-2 Note Rate in a sentence

  • 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.


More Definitions of Class A-2 Note Rate

Class A-2 Note Rate means, with respect to any Quarterly Payment Date and the related Quarterly Interest Period, the interest rate per annum (computed on the basis of the actual number of days in such Quarterly Interest Period over a year of 360 days) equal to Three-Month LIBOR for the related LIBOR Reset Period plus 0.20%.
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Class A-2 Note Rate means 6.40% per annum.
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Class A-2 Note Rate. For any Distribution Date and the applicable Interest Period, the lesser of (A) in any month up to and including the month in which the Clean-Up Call Date occurs, __% per annum, and ___% thereafter; and (B) the Class A-2 Interest Rate Cap.
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Class A-2 Note Rate means a per annum rate equal [●]%.]
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Class A-2 Note Rate means, for any Interest Period for the Class A-2 Notes, a per annum rate equal to [—]% above LIBOR determined on the related LIBOR Determination Date, calculated on the basis of the actual days elapsed and a 360-day year.]
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Class A-2 Note Rate means 4.93% per annum.
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Class A-2 Note Rate means, with respect to any Quarterly Payment Date and the related Quarterly Interest Period, the interest rate per annum (computed on the basis of the actual number of days in such Quarterly Interest Period over a year of 360 days) equal to the lesser of (i) the Class A-2 Note LIBOR Rate for such Quarterly Interest Period and (ii) the Adjusted Student Loan Rate for such Quarterly Interest Period; provided, however, that, notwithstanding the foregoing, the Class A-2 Note Rate for the first Quarterly Interest Period shall be equal to the Class A-2 Note LIBOR Rate for such Quarterly Interest Period.
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