Class B Rate means 0.00% per annum (computed on the basis of a 360 day year consisting of twelve 30 day months).
Class B Rate means, for any Accrual Period after the initial Accrual Period, Three-Month LIBOR, as determined on the second Business Day before the beginning of the applicable Accrual Period, plus 1.85%, based on an Actual/360 accrual method. For the initial Accrual Period, the Class B Rate shall mean the Initial Accrual Rate plus 1.85%, based on an Actual/360 accrual method.
Examples of Class B Rate in a sentence
The Issuer shall pay interest on overdue installments of interest at the Class B Rate to the extent lawful.
More Definitions of Class B Rate
Class B Rate means [ ]% per annum. Interest with respect to the Class B Certificates shall be computed on the basis of a 360-day year consisting of twelve 30-day months for all purposes of the Basic Documents.
Class B Rate means [ ]% per annum.
Class B Rate has the meaning set forth in the Sale and Servicing Agreement.
Class B Rate means 2.17% per annum.
Class B Rate means, for any Accrual Period after the initial Accrual Period, One-Month LIBOR, as determined on the related LIBOR Determination Date, plus 1.50% based on an Actual/360 accrual method. For the initial Accrual Period, the Class B Rate shall mean the Initial Accrual Rate plus 1.50% based on an Actual/360 accrual method.
Class B Rate means 4.57% per annum.
Class B Rate means 5.79% per annum. Interest with respect to the Class B Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months for all purposes of the Basic Documents.