Examples of Class A Interest Amount in a sentence
If any Class A Interest Amount remains unpaid after three (3) Business Days following the relevant Payment Date during the Revolving Period or the Normal Redemption, an Accelerated Redemption Event shall occur.
Any shortfall in the Class A Interest Amount or in the Class B Interest Amount according to the applicable Priority of Payments on a Payment Date will not be payable on that Payment Date but will become payable on subsequent Payment Dates if and to the extent that funds may be used for this purpose in accordance with the applicable Priority of Payments.
In this Confirmation and in the Agreement to the extent that it relates to the PUMA Global Trust No. 4, unless the context otherwise requires: "A$ CLASS A INTEREST PAYMENT" in relation to a Quarterly Payment Date means the amount paid or available to be paid (as the case may be) on that Quarterly Payment Date under clause 5.1(d)(i) of the Sub-Fund Notice in respect of the A$ Class A Interest Amount and Unpaid A$ Class A Interest Amount on that Quarterly Payment Date.
On each Payment Date the Paying Agent shall, in accordance with Section 5.1 of the Base Indenture and the Master Servicer's most recent Monthly Certificate, pay to the Class A Noteholders from the Class A Distribution Account the amount deposited in the Class A Distribution Account for the payment of the Class A Interest Amount pursuant to Section 4.8(a) of this Supplement and clauses (i), (ii) and (iii) of this Section 4.9(a).
This is supported by the study of Snow and Hoefnagel-Hohle (1978).