Class A Note Rate definition

Class A Note Rate means, with respect to each Interest Period, a fixed rate equal to 4.15% per annum with respect to the Class A Notes.

Class A Note Rate means, for any Interest Period, the weighted average of the sum of (a) the weighted average (by outstanding principal balance) of the Class A CP Rates applicable to the Class A CP Tranche and (b) the Reference Rate applicable to the Class A Reference Rate Tranche in each case, for such Interest Period; provided, however, that the Class A Note Rate will in no event be higher than the maximum rate permitted by applicable law.

Class A Note Rate means 2.97% per annum.

Examples of Class A Note Rate in a sentence

• Interest shall accrue on the Class A Shortfall at the Class A Note Rate.

• If the Issuer defaults in a payment of interest on any class of Notes entitled thereto, such defaulted interest shall itself bear interest (to the extent lawful) at the Class A Note Rate, Class B Note Rate or Class C Note Rate, as applicable.

• If the Issuer defaults in a payment of interest on any class of Notes entitled thereto, such defaulted interest shall itself bear interest (to the extent lawful) at the Class A Note Rate, Class B Note Rate, Class C Note Rate or Class D Note Rate, as applicable.

• Interest on the outstanding Series 2018-1 Class A Principal Amount shall accrue during any Interest Accrual Period at the Series 2018-1 Class A Note Rate, calculated on the basis of 12 months of 30 days, or calculated on the basis of a three hundred sixty (360) day year for the actual number of calendar days during the stub period from the Closing Date to the first Interest Payment Date.

• A TCP or a UDP flow is labeled as a client flow if an address from a Known Network sends traffic from a non-service port to a service port (as defined by IANA [13]), and we define a server flow in a similar manner.

More Definitions of Class A Note Rate

Class A Note Rate means 5.92% per annum.

Class A Note Rate means 1.88% per annum.

Class A Note Rate means 3.15% per annum.

Class A Note Rate means 6.48% per annum.

Class A Note Rate. As defined in the Sale and Servicing Agreement.

Class A Note Rate means, with respect to any Interest Period, a variable rate per annum equal to the sum of (i) the Benchmark applicable to such Interest Period (or if the Alternative Rate applies pursuant to Section 5.13, the Alternative Rate) plus (ii) the Applicable Margin.

Class A Note Rate. With respect to any Payment Date and Accrual Period, the lesser of (i) the Class A Formula Rate and (ii) the Available Funds Cap for such Payment Date.