Class A-2 Rate definition

Class A-2 Rate means [____]% per annum (computed on the basis of a 360 day year consisting of twelve 30 day months).
Class A-2 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 0.00%, based on an Actual/360 accrual method. For the initial Accrual Period, the Class A-2 Rate shall mean the Initial Accrual Rate plus 0.00%, based on an Actual/360 accrual method.
Class A-2 Rate means _____% per annum.

Examples of Class A-2 Rate in a sentence

  • The Issuer shall pay interest on overdue installments of interest at the Class A-2 Rate to the extent lawful.


More Definitions of Class A-2 Rate

Class A-2 Rate means [ ]% per annum. Interest with respect to the Class A-2 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.
Class A-2 Rate has the meaning set forth in the Sale and Servicing Agreement.
Class A-2 Rate means 0.59% per annum.
Class A-2 Rate means [____]% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).
Class A-2 Rate means 1.63% per annum.
Class A-2 Rate means, for any Accrual Period after the initial Accrual Period, One-Month LIBOR, as determined on the related LIBOR Determination Date, plus 0.28% based on an Actual/360 accrual method. For the initial Accrual Period, the Class A-2 Rate shall mean the Initial Accrual Rate plus 0.28%, based on an Actual/360 accrual method.
Class A-2 Rate means 2.64% per annum.