Class B Rate definition

Class B Rate means 0.00% per annum (computed on the basis of a 360 day year consisting of twelve 30 day months).

Class B Rate means 3.46% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

Class B 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 1.85%, based on an Actual/360 accrual method. For the initial Accrual Period, the Class B Rate shall mean the Initial Accrual Rate plus 1.85%, based on an Actual/360 accrual method.

Examples of Class B Rate in a sentence

• The Class A‑1 Notes, the Class A‑2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes shall accrue interest during each Interest Period at the Class A‑1 Rate, the Class A‑2 Rate, the Class A-3 Rate, the Class A-4 Rate and the Class B Rate, respectively, and such interest shall be payable on each related Payment Date as specified in such Notes, pursuant to Section 5.06 of the Sale and Servicing Agreement and Section 3.01 hereof.

• The Issuer shall pay interest on this Note at the rate per annum equal to the Class B Rate (as defined on the reverse hereof), on each Distribution Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the preceding Distribution Date (after giving effect to all payments of principal made on the preceding Distribution Date), subject to certain limitations contained in Section 3.1 of the Indenture.

• According to OCRC, plaintiff only provided projections and the projections were contingent on unknown and uncertain factors.

• The Class A‑1 Notes, the Class A-2a Notes, the Class A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes shall accrue interest during each Interest Period at the Class A‑1 Rate, the Class A‑2a Rate, the Class A-2b Rate, the Class A-3 Rate, the Class A-4 Rate and the Class B Rate, respectively, and such interest shall be payable on each related Payment Date as specified in such Notes, pursuant to Section 5.06 of the Sale and Servicing Agreement and Section 3.01 hereof.

• This decentralisation, in the opinion of Carpentier (2010), was not accompanied by stricter federal steering or monitoring of the OCMW/CPAS (as is the case in Denmark and the Netherlands).

More Definitions of Class B Rate

Class B Rate means [ ]% per annum. Interest with respect to the Class B 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.

Class B Rate means [ ]% per annum.

Class B Rate has the meaning set forth in the Sale and Servicing Agreement.

Class B Rate means 2.16% per annum.

Class B Rate means, for any Accrual Period after the initial Accrual Period, One-Month LIBOR, as determined on the related LIBOR Determination Date, plus 1.50% based on an Actual/360 accrual method. For the initial Accrual Period, the Class B Rate shall mean the Initial Accrual Rate plus 1.50% based on an Actual/360 accrual method.

Class B Rate means 4.49% per annum.

Class B Rate means 7.00% per annum. Interest with respect to the Class B 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.