Class B Certificate Rate definition

Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

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Class B Certificate Rate means, for any Interest Accrual Period with respect to the Class B Certificates, a per annum rate equal to 2.20%.

Class B Certificate Rate means ____% per annum, calculated on the basis of a 360-day year consisting of twelve 30-day months.

Examples of Class B Certificate Rate in a sentence

• The Class A Certificate Rate and Class B Certificate Rate applicable to the then current and the immediately preceding Interest Accrual Periods may be obtained by any Investor Certificateholder by telephoning the Trustee at its Corporate Trust Office at (▇▇▇) ▇▇▇-▇▇▇▇.

• The Trustee shall cause the Class A Certificate Rate and the Class B Certificate Rate applicable to an Interest Period to be provided to the Luxembourg Stock Exchange as soon as possible after its determination but in no event later than the first day of such Interest Period.

• The Trustee shall cause the Class A Certificate Rate and the Class B Certificate Rate applicable to an Interest Period to be provided to the Luxembourg Stock Exchange and to be published in a daily newspaper in Luxembourg as soon as possible after its determination but in no event later than the first day of such Interest Period.

• The Class A Certificate Rate and Class B Certificate Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by any Investor Certificateholder by telephoning the Trustee at its Corporate Trust Office at (▇▇▇) ▇▇▇-▇▇▇▇.

• Interest for any Distribution Date due but not paid on any Distribution Date will be due on the next succeeding Distribution Date together with, to the extent permitted by applicable law, additional interest on such amount at the Class B Certificate Rate plus 2% per annum.

More Definitions of Class B Certificate Rate

Class B Certificate Rate means from the Closing Date through March 16, 1997, from March 17, 1997 through April 14, 1997 and from April 15, 1997 through May 14, 1997 and with respect to each Interest Period thereafter, a per annum rate equal to 0.35% per annum in excess of LIBOR, as determined on the related LIBOR Determination Date.

Class B Certificate Rate means from the Closing Date through but excluding October 15, 1998, and with respect to each Interest Period thereafter, a per annum rate equal to 0.33% in excess of LIBOR, as determined on the related LIBOR Determination Date.

Class B Certificate Rate means, for an Interest Period and the Distribution Date immediately following such Interest Period, a rate per annum equal to the lesser of (i) LIBOR plus [ ] per annum and (ii) the related Net Receivables Rate.

Class B Certificate Rate means, for any Interest Period, a per annum ------------------------ rate equal to LIBOR for such Interest Period plus 0.50%.

Class B Certificate Rate means for any Interest

Class B Certificate Rate means, for any Interest Accrual Period with respect to the Class B Certificates, a per annum rate equal to 3.61%; provided, however, that the Transferor may adjust the Class B Certificate Rate from time to time only upon the satisfaction of the Class B Certificate Rate Adjustment Conditions.

Class B Certificate Rate. With respect to any Distribution Date and the Class B Certificates, the lesser of (A) the sum of (1) LIBOR and (2) 2.150% per annum (or 3.225% per annum for each Interest Period occurring after the Clean-Up Call Date) and (B) the Subordinate Net WAC Cap for the Distribution Date.