Definition of 2019-A Exchange Note Interest Distributable Amount


2019-A Exchange Note Interest Distributable Amount means, with respect to any Payment Date and the related 2019-A Exchange Note Interest Period, the amount equal to the sum of (i) the aggregate amount of interest accrued on the 2019-A Exchange Note Balance at the 2019-A Exchange Note Interest Rate for the related 2019-A Exchange Note Interest Period, plus (ii) the portion of the 2019-A Exchange Note Interest Distributable Amount, if any, that was not paid on any prior Payment Date plus interest on such unpaid amount, to the extent permissible by law, at the 2019-A Exchange Note Interest Rate.

Examples of 2019-A Exchange Note Interest Distributable Amount in a sentence

For each Payment Date, the amount of interest due with respect to the 2019-A Exchange Note will be equal to the 2019-A Exchange Note Interest Distributable Amount.