Class A-2b Rate means, for any Distribution Date and the related Accrual Period, the Benchmark for the related Accrual Period plus 0.60% per annum (subject to any related Benchmark Replacement Adjustment); provided, however, that for any Accrual Period for which the sum of the Benchmark for that Accrual Period plus such applicable spread is less than 0.00%, the Class A-2b Rate for that Accrual Period shall be deemed to be 0.00%.
Class A-2b Rate means LIBOR + [ ]% per annum.]
Class A-2b Rate means LIBOR plus 0.24% per annum; provided that, if the sum of LIBOR plus 0.24% is less than 0.00% for any Interest Period, then the Class A-2b Rate for such Interest Period shall be deemed to be 0.00%.
Examples of Class A-2b Rate in a sentence
The Issuer shall pay interest on overdue installments of interest at the Class A-2b Rate to the extent lawful.
More Definitions of Class A-2b Rate
Class A-2b Rate means LIBOR [plus][minus] [__]% 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-2b Rate means, for any Distribution Date and the related Accrual Period, LIBOR for the related Accrual Period plus 0.20% per annum; provided, however, that for any Accrual Period for which the sum of LIBOR for that Accrual Period plus 0.20% is less than 0.00%, the Class A-2b Rate for that Accrual Period shall be deemed to be 0.00%.
Class A-2b Rate has the meaning set forth in the Sale and Servicing Agreement.
Class A-2b Rate means SOFR Rate + 0.35% per annum (computed on the basis of the actual number of days elapsed during the relevant Interest Period and a 360‑day year); provided that, if the SOFR Rate is less than 0.00% for any Interest Period, then the SOFR Rate for such Interest Period will be deemed to be 0.00%.
Class A-2b Rate means, with respect to any Interest Period, Benchmark + 0.52% per annum (computed on the basis of the actual number of days elapsed in the related Interest Period and a 360-day year); provided that, if the sum of Benchmark + 0.52% is less than 0.00% for any Interest Period, then the Class A-2b Rate for such Interest Period shall be deemed to be 0.00%.
Class A-2b Rate means one month LIBOR plus 0.05% per annum. Interest with respect to the Class A-2b Notes shall be computed on the basis of actual days elapsed and a 360-day year for all purposes of the Basic Documents.
Class A-2b Rate means 3.69% per annum.