Additional Note Interest definition

Additional Note Interest means, for any Distribution Date and any Class of Notes, the sum of (i) all accrued but unpaid Monthly Note Interest for previous Distribution Dates for such Class plus (ii) to the extent permitted by law, interest on such accrued but unpaid Monthly Note Interest at the Note Rate applicable to such Class.

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Additional Note Interest. For any Payment Date, with respect to the Class A Notes, the sum of (i) all accrued but unpaid Monthly Note Interest for previous Payment Dates plus (ii) to the extent permitted by law, interest on such accrued but unpaid Monthly Note Interest at the Note Rate.

Additional Note Interest. For any Payment Date, with respect to the Class A Notes, the sum of (i) all accrued but unpaid Monthly Note Interest for previous Payment Dates plus (ii) the sum of, to the extent permitted by law, (A) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-1 Notes for previous Payment Dates, (B) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-2 Notes for previous Payment Dates, (C) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-3 Notes for previous Payment Dates and (D) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-4 Notes for previous Payment Dates.

Examples of Additional Note Interest in a sentence

• Deferred Post-ARD Additional Note Interest will not bear interest.

• Prior to such time, the Post-ARD Additional Note Interest accruing on a Class of Notes will be deferred and added to any Post-ARD Additional Note Interest previously deferred and remaining unpaid (“Deferred Post-ARD Additional Note Interest”).

• The Post-ARD Additional Note Interest, if any, for a Class of Notes will only be due and payable (i) after the Aggregate Outstanding Note Balance has been paid in full or (ii) on the Payment Date on which a Voluntary Prepayment of all outstanding Notes in full is being made.

• The Post-ARD Additional Note Interest for a Class of Notes will only be due and payable after the Aggregate Outstanding Note Balance has been paid in full.

• Prior to such time, the Post-ARD Additional Note Interest accruing on a Class and Series of Notes will be deferred and added to any Post-ARD Additional Note Interest previously deferred and remaining unpaid (“Deferred Post-ARD Additional Note Interest”).

• The Post-ARD Additional Note Interest, if any, for a Class and Series of Notes will only be due and payable (i) on the date when the Aggregate Outstanding Note Balance is paid in full or (ii) on the Payment Date on which a Voluntary Prepayment of all outstanding Notes in full is being made.

• Prior to such time, the Post-ARD Additional Note Interest accruing on the Notes will be deferred and added to any Post-ARD Additional Note Interest previously deferred and remaining unpaid ("Deferred Post-ARD Additional Note Interest").

• Prior to such time, the Post-ARD Additional Note Interest accruing on a Class of Notes will be deferred and added to any Post-ARD Additional Note Interest previously deferred and remaining unpaid ("Deferred Post-ARD Additional Note Interest").

• The Post-ARD Additional Note Interest, if any, for the Notes will only be due and payable (i) after the Outstanding Note Balance has been paid in full or (ii) on the Payment Date on which a Voluntary Prepayment of all outstanding Notes in full is being made.

More Definitions of Additional Note Interest

Additional Note Interest. For any Payment Date, with respect to the Class A Notes, the sum of (i) all accrued but unpaid Monthly Note Interest for previous Payment Dates plus (ii) the sum of, to the extent permitted by law, (A) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-1 Notes for previous Payment Dates, (B) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-2 Notes for previous Payment Dates, (C) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-3 Notes for previous Payment Dates and (D) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-4 Notes for previous Payment Dates.