Examples of Class D Rate in a sentence
The Issuer shall pay interest on overdue installments of interest at the Class D Rate to the extent lawful.
In accordance with the foregoing, the Master Servicer may, whenever an Obligor has become delinquent or the Master Servicer believes an Obligor may become delinquent, in order to preserve the ultimate collectability of amounts due on a Contract, modify the payment schedule on any Contract by reducing the APR on such Contract without the consent of any Rating Agency; provided, however, that the new APR shall not be less than the sum of (i) the Class D Rate and (ii) the Servicing Fee Percent.
The Class A-1 Notes, the Class A-2[a] Notes, [the Class A-2b Notes,] the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes and the Class D Notes shall accrue interest during each Accrual Period at the Class A-1 Rate, the Class A-2[a] Rate, [the Class A-2b Rate,] the Class A-3 Rate, the Class A-4 Rate, the Class B Rate, the Class C Rate and the Class D Rate, respectively, and such interest shall be due and payable on each Distribution Date.
The Class D Certificates have an aggregate Initial Certificate Balance of $[_______] and bear interest at a rate of [___]% per annum (the "Class D Rate").
The Class D Certificates have an aggregate Initial Certificate Balance of $55,656,000 and bear interest at a rate of [ ]% per annum (the "Class D Rate").