Class A-2 Interest definition

Class A-2 Interest. RATE: 5.789% per annum.

Class A-2 Interest has the meaning specified in the Recitals.

Class A-2 Interest. Rate Cap The Class A-2 Interest Rate Cap Payment shall be available to pay any Basis Risk Carry Forward Payment Allocation: Amount due to the Class A-2 Certificates.

Examples of Class A-2 Interest in a sentence

• Liquidity Facility For the period from the Closing Date until the end of the Due Period precedingthe Payment Date falling on or about the Maturity Date, the Issuer will, subject to satisfaction of certain conditions, be entitled on the Closing Date or on any other date no later than two Business Days prior to a Class A-2 Interest Date or a Payment Date to make drawings under the Liquidity Facility.

• Pursuant to the terms of the Class A-2 Variable Funding Agreement each Class A-2 Noteholder has agreed that, subject as provided below, prior to the Class A-2 Commitment Termination Date, the Issuer may request Fundings (upon providing 5 Business Days prior written notice), repay such Fundings on any Class A-2 Interest Date (upon providing at least 3 Business Days’ prior written notice), and then reborrow such amounts from the Class A-2 Noteholders, in each case, in Euro and on a pro rata basis.

• The “Class A-2 Interest Allocation” means, with respect to any Payment Date and any payment of interest on the Class A Notes, an amount equal to the Class A-2 Interest Ratio of the amount of interest to be paid on the Class A Notes on such Payment Date.

• In the event that an Overcollateralisation Test and/or the Class A-2 Interest Coverage Test is not satisfied on any Measurement Date, all Interest Proceeds will be diverted to the Principal Account and will be applied in accordance with the Priorities of Payment.

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More Definitions of Class A-2 Interest

Class A-2 Interest means an interest which is held by a Class A-2 Member, identified as such in Exhibit 1. Subject to the maximum limitation on all Class A Interests, there shall be up to 4,000 Class A-2 Interests, each representing a capital contribution of One Thousand Dollars ($1,000), unless increased at the discretion of Manager. A Member will be assigned Class A-2 Interests if the Member’s total Capital Contribution is $50,000 or greater, but less than $100,000.

Class A-2 Interest shall have the meaning specified in subsection 4(a) of this Issuance Supplement.

Class A-2 Interest means, with respect to any Distribution Date, the sum of (i) interest on the Class A-2 VFC Principal Balance for the immediately preceding Interest Accrual Period computed pursuant to subsection (b) and, if applicable, subsection (c), below, plus or minus (as the case may be) (ii) any Estimated Interest Adjustment with respect to the previous Distribution Date.

Class A-2 Interest. Rate: 5.54% per annum.

Class A-2 Interest means, with respect to each Distribution Date, the interest distributable in respect of the Class A-2 Certificates as calculated in accordance with subsection 4.6(b) of the Agreement.

Class A-2 Interest. RATE" means 6.650% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

Class A-2 Interest. Rate The Class A-2 Interest Rate Cap Payment shall be Cap Payment Allocation: available to pay any Basis Risk Carry Forward Amount due to the Class A-2 Certificates. Class M Interest Rate Beginning on the first Distribution Date, and for a Cap: period of 43 months thereafter, an Interest Rate Cap will be pledged to the Trust for the benefit of the Class M Certificates. For its duration, the Class M 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 M Interest Rate Cap Notional Balance ("the Class M Interest Rate Cap Payment") as described on the schedule herein.