Class C Rate definition

Class C Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).
Class C Rate means 3.02% per annum.
Class C Rate means 6.20% per annum. Interest with respect to the Class C 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.

Examples of Class C Rate in a sentence

  • If the Class C Noteholders' Interest Distribution Condition is satisfied then the amount of interest accrued at the Class C Rate for the Accrual Period is Released on the distribution Date .


More Definitions of Class C Rate

Class C Rate means 4.29% per annum.
Class C Rate means 5.61% per annum.
Class C Rate has the meaning set forth in the Sale and Servicing Agreement.
Class C Rate means [ ]% per annum.
Class C Rate means 2.60% per annum.
Class C Rate. With respect to any Class C Note, the per annum rate at which interest accrues on such Note for any Interest Accrual Period, which shall be equal to (a) three month LIBOR for the related Interest Accrual Period plus (b) 0.65% per annum.
Class C Rate means 2.72% per annum.