Class A-1 Note Interest definition

Class A-1 Note Interest means, for any Payment Date, the sum of the Class A-1 Interest Payment Amount for such Payment Date and the Class A-1 Interest Carryover Shortfall, if any, as of the immediately preceding Payment Date.

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Class A-1 Note Interest means, with respect to any Collection Period, the Class A-1 Note Current Interest and the Class A -1 Overdue Interest.

Class A-1 Note Interest. The Note Interest payable with respect to the Class A-1 Notes.

Examples of Class A-1 Note Interest in a sentence

The Issuer will pay interest on overdue installments of interest at the Class A-1 Note Interest Rate to the extent lawful.
The holder of this Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date and amount of each Increase and Decrease with respect thereto and the Series 2007-1 Class A-1 Note Interest Rate applicable thereto.
During each Interest Accrual Period, this Class A-1 Note will bear interest at the Class A-1 Note Interest Rate.
The Co-Issuers will pay interest on this Series 2007-1 Class A-1-X Advance Note (this “Note”) at the Series 2007-1 Class A-1 Note Interest Rate for each Interest Accrual Period in accordance with the terms of the Indenture.
From and after the Series 2008-1 Closing Date and until the Series 2008-1 Final Payment has been made, interest on the Series 2008-1 Class A-1 Notes will accrue at a fixed rate of 7.25% per annum (the “Series 2008-1 Class A-1 Note Interest Rate”) and will be due and payable in arrears and distributed to the Series 2008-1 Class A-1 Noteholders on each Payment Date, commencing on the Payment Date occurring in July 2008.
The Issuing Entity will pay interest on this Note at the Class A-1 Note Interest Rate on each Payment 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 Payment Date after giving effect to all payments of principal made on such preceding Payment Date (or on the initial principal amount of this Note from and including April 9, 2014 in the case of the first Payment Date).
From and after the Series 2007-1 Closing Date, the applicable portions of the Series 2007-1 Class A-1 Outstanding Principal Amount will accrue (i) interest at the Series 2007-1 Class A-1 Note Interest Rate and (ii) Series 2007-1 Class A-1 L/C Fees at the applicable rates provided therefor in the Series 2007-1 Class A-1 Note Purchase Agreement.
The Issuing Entity will pay interest on this Note at the Class A-1 Note Interest Rate on each Payment 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 Payment Date after giving effect to all payments of principal made on such preceding Payment Date (or on the initial principal amount of this Note from and including September 9, 2015 in the case of the first Payment Date).
To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2007-1 Class A-1 Note Interest Rate.
On each Payment Date, the Issuer shall pay or cause to be paid to the applicable Class of Noteholders, interest in an amount equal to the Class A-1 Note Interest, Class A-2 Note Interest, Class A-3-A Note Interest, Class A-3-B Note Interest, Class A-4-A Note Interest and Class A-4-B Note Interest, as the case may be.

More Definitions of Class A-1 Note Interest

Class A-1 Note Interest means, (a) with respect to the initial Payment Date, the product of (x) 1/360 of the Class A-1 Interest Rate times (y) the actual number of days from and including the Closing Date through the day immediately preceding the initial Payment Date times (z) the Aggregate Outstanding Principal Balance of the Class A-1 Notes as of the Closing Date; provided that, with respect to the initial Payment Date, Class A-1 Note Interest shall equal $252,890.00, and (b) with respect to any subsequent Payment Date, the sum of (i) the product of (x) 1/360 of the Class A-1 Interest Rate times (y) the actual number of days from and including the immediately preceding Payment Date through the day immediately preceding such subsequent Payment Date times (z) the Aggregate Outstanding Principal Balance of the Class A-1 Notes outstanding as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-1 Notes on such immediately preceding Payment Date and (ii) the Class A-1 Overdue Interest, if any.

Class A-1 Note Interest. With respect to any Payment Date, the sum of (i) product of (A) the Class A-1 Principal Balance immediately prior to such Payment Date, but disregarding, for purposes of this calculation of interest only, Class A-1 Allocated Loss Amounts previously applied to reduce the Class A-1 Principal Balance and (B) the one-twelfth of the Class A-1 Interest Rate and (ii) the Class A-1 Overdue Interest from the preceding Payment Date.

Class A-1 Note Interest means, (a) with respect to the initial Payment Date, the product of (x) 1/360 of the Class A-1 Interest Rate times (y) the actual number of days from and including the Closing Date through the day immediately preceding the initial Payment Date times (z) the Aggregate Outstanding Principal Balance of the Class A-1 Notes as of the Closing Date, and (b) with respect to any subsequent Payment Date, the sum of (i) the product of (x) 1/360 of the Class A-1 Interest Rate times (y) the actual number of days from and including the immediately preceding Payment Date through the day immediately preceding such subsequent Payment Date times (z) the Aggregate Outstanding Principal Balance of the Class A-1 Notes outstanding as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-1 Notes on such immediately preceding Payment Date and (ii) the Class A-1 Overdue Interest, if any.

Class A-1 Note Interest means with respect to any Payment Date, the sum of (i) the product of (A) the Class A-1 Principal Balance immediately prior to such Payment Date and, (B) one-twelfth of the Class A-1 Note Interest Rate and (ii) the Class A-1 Overdue Interest for that Payment Date; provided that the Class A-1 Note Interest for the first Payment Date will be 53.33% of the amount calculated in (i) of this definition.

Class A-1 Note Interest means (a) with respect to the initial Payment Date, the product of (i) 1/360 of the Class A-1 Note Interest Rate times (ii) the actual number of days from and including the Closing Date through the day immediately preceding the initial Payment Date times (iii) the Note Principal Balance of the Class A-1 Notes as of the Closing Date, and (b) with respect to any subsequent Payment Date, the sum of (i) the product of (x) 1/12 of the Class A-1 Note Interest Rate times (y) the Note Principal Balance of the Class A-1 Notes as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-1 Notes on such immediately preceding Payment Date and (ii) the Class A-1 Overdue Interest, if any.

Class A-1 Note Interest. With respect to any Payment Date, the sum of (i) the product of (A) the Class A-1 Principal Balance immediately prior to such Payment Date, (B) the actual number of days in the related Interest Accrual Period divided by 360 and (C) the Class A-1 Interest Rate and (ii) the Class A-1 Overdue Interest from the preceding Payment Date; provided that on the first Payment Date, the Class A-1 Interest shall be $163,162.