Junior Interest Sample Clauses
Junior Interest. The Junior Loans shall bear interest at the Junior Loan Interest Rate payable quarterly in arrears on each Interest Payment Date and shall be calculated on the basis of a year of 360 days and actual number of days elapsed.
Junior Interest. The Junior Notes of each Series shall bear interest at the Junior Note Interest Rate.
Junior Interest. The Owner (acting at the direction of the Lessee) shall, subject to the terms and conditions of this Section 3(c), have the right to elect on or prior to the date that is two Business Days prior to the Issuance Date for any Designated Aircraft that the Junior Class of Notes in respect of such Designated Aircraft bear interest either at a Floating Rate or a Fixed Rate.
Junior Interest. The Owner (acting at the direction of the Lessee) shall, subject to the terms and conditions of this Section 3(c), have the right to elect on or prior to the date that is two Business Days prior to the Issuance Date that the Junior Class of Notes bear interest either at a Floating Rate or a Fixed Rate.