Class A-2b Interest Rate definition
Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).
Class A-2b Interest Rate means with respect to any Payment Date, the SOFR Rate for the related Payment Date plus 0.47% per annum (computed on the basis of the actual number of days elapsed and on a 360 day year); provided, that for any Interest Accrual Period for which the sum of the SOFR Rate plus 0.47% is less than 0.00%, the Class A-2b Interest Rate shall be deemed to be 0.00%. Upon the occurrence of a Benchmark Transition Event and its related Benchmark Replacement Date, the Class A-2b Interest Rate shall be as determined by the Administrator (on behalf of the Issuing Entity) in accordance with the terms of the Indenture.
Class A-2b Interest Rate means SOFR Rate + 0.38% per annum (computed on the basis of the actual number of days in the related Interest Accrual Period divided by 360).
Examples of Class A-2b Interest Rate in a sentence
The determination by the Interest Calculation Agent of LIBOR and the amount of the Class A-2b Interest Rate, the Class A-3b Interest Rate and the Class A-4b Interest Rate shall, in the absence of manifest error, be final and binding upon all parties.
The determination by the Interest Calculation Agent of LIBOR and the amount of the Class A-2b Interest Rate and the Class A-3b Interest Rate shall, in the absence of manifest error, be final and binding upon all parties.
More Definitions of Class A-2b Interest Rate
Class A-2b Interest Rate means the Benchmark Rate + 0.38% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year); provided, however, if the sum of the Benchmark Rate + 0.38% is less than 0.00% for any Interest Period, then the Class A-2b Interest Rate for such Interest Period will be deemed to be 0.00%.
Class A-2b Interest Rate means a rate equal to LIBOR plus 0.10% per annum; provided, however, if the sum of LIBOR + 0.10% is less than 0.00% for any Interest Period, then the Class A-2b Interest Rate for such Interest Period will be deemed to be 0.00%.
Class A-2b Interest Rate means with respect to any Payment Date, the SOFR Rate for the related Payment Date plus 0.37% per annum (computed on the basis of the actual number of days elapsed and on a 360-day year); provided, that for any Interest Period for which the sum of the SOFR Rate plus 0.37% is less than 0.00%, the Class A-2B Interest Rate shall be deemed to be 0.00%. Upon the occurrence of a Benchmark Transition Event and its related Benchmark Replacement Date, the Class A-2B Interest Rate shall be as determined by the Administrator (on behalf of the Issuer) in accordance with the terms of the Indenture.
Class A-2b Interest Rate means Benchmark + 0.31% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year), provided that, if the sum of Benchmark + 0.31% is less than 0.00% for any Accrual Period, then the Class A-2b Interest Rate for such Accrual Period shall be deemed to be 0.00%.
Class A-2b Interest Rate means with respect to any Payment Date, One-Month LIBOR for the related Payment Date plus 0.25% per annum (computed on the basis of the actual number of days elapsed and on a 360 day year); provided, that for any Interest Accrual Period for which the sum of One-Month LIBOR plus 0.25% is less than 0.00%, the Class A-2b Interest Rate shall be deemed to be 0.00%. Upon the occurrence of a Benchmark Transition Event and its related Benchmark Replacement Date, the Class A-2b Interest Rate shall be as determined by the Issuing Entity in accordance with the terms of the Indenture.
Class A-2b Interest Rate means LIBOR + 0.35% per annum.
Class A-2b Interest Rate means [●]% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).]