Class B Interest Rate definition
Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).
Class B Interest Rate means % per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).
Class B Interest Rate means [ ]% per annum.
Examples of Class B Interest Rate in a sentence
The outstanding principal balance of each Class A Advance shall bear interest at the Class A Interest Rate and the outstanding principal balance of each Class B Advance shall bear interest at the Class B Interest Rate.
More Definitions of Class B Interest Rate
Class B Interest Rate has the meaning assigned to such term in the Indenture.
Class B Interest Rate means 4.94% per annum.
Class B Interest Rate means 0.80% per annum in excess of LIBOR as determined on the related LIBOR Determination Date.
Class B Interest Rate means _______% per annum; provided, however, the per annum rate shall be increased by _______% beginning on the first Payment Date on which the Note Balances (after giving effect to all payments of principal on such Payment Date) will be less than 10% of the Initial Note Balances if the Class B Notes will not be redeemed on such Payment Date.
Class B Interest Rate means 6.45% per annum.
Class B Interest Rate means 6.51% per annum.
Class B Interest Rate. Cap: Beginning on the first Distribution Date, and for a period of 43 months thereafter, an Interest Rate Cap will be pledged to the Trust for the benefit of the Class B Certificates. For its duration, the Class B Interest Rate Cap pays the Trust the product of (i) the difference between the then current 1-month LIBOR rate (not to exceed the cap ceiling) and the cap strike (on an Actual/360 day count basis) and (ii) the Class B Interest Rate Cap Notional Balance ("the Class B Interest Rate Cap Payment") as described on the schedule herein.