Examples of Class C Pass-Through Rate in a sentence
Interest on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating to such Distribution Date at the Class C Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately prior to each Distribution Date.
In consideration of the repurchase of a Receivable, the Transferor shall remit the Repurchase Amount of such Receivable, for credit as of such last day, in the manner specified in Section 4.4. In the event that, as of the Cut-Off Date, any Receivable shall have a Contract Rate which is lower than the sum of the Class C Pass-Through Rate and the Servicing Fee Rate, the Transferor shall repurchase such Receivable on the terms and in the manner specified above.