Class A Overdue Interest definition

Class A Overdue Interest means, for any Payment Date, the excess, if any, of (a) the aggregate amount of Class A Monthly Interest payable on all prior Payment Dates over (b) the aggregate amount of interest actually paid to the Class A Noteholders on all prior Payment Dates.
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Class A Overdue Interest means, with respect to any Payment Date and each Class of Class A Notes, the difference between (a) the sum of (i) the excess, if any, of that portion of any Class A Note Interest due on the immediately preceding Payment Date for that Class of Class A Notes over the Class A Note Interest paid on such immediately preceding Payment Date for that Class of Class A Notes, (ii) without duplication of the amount described in clause (i), the amount of the Class A Overdue Interest due and unpaid as of the immediately
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More Definitions of Class A Overdue Interest

Class A Overdue Interest with respect to any Payment Date, the -------------------------- excess, if any, of (a) the aggregate amount of [Class A] Monthly Interest due on all prior Payment Dates over (b) the aggregate amount of [Class A] Monthly Interest (from whatever source) actually paid to [Class A] Noteholders on all prior Payment Dates.
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Class A Overdue Interest means, with respect to any Payment Date, the difference between (a) the sum of
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Class A Overdue Interest. With respect to any Payment Date the difference between (I) the sum of A) the excess if any of any Class A Certificate Interest due on such Payment Date over the Class A Certificate Interest paid on such Payment Date and;
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Class A Overdue Interest. With respect to any Payment Date, the sum of:
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Related to Class A Overdue Interest

  • Overdue Interest means any interest payable pursuant to Section 2.8(b) of the Credit Agreement.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class E Interest Rate means 4.67% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Class A Percentage Interest means, as of any date, the percentage determined by dividing the number of Class A Units then held by a holder of Class A Units by the total number of Class A Units then outstanding.

  • Class B Rate means 0.00% per annum (computed on the basis of a 360 day year consisting of twelve 30 day months).

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Simple interest means interest computed on the principal balance outstanding

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • Class A-2 Rate means 0.48% per annum (computed on the basis of a 360 day year consisting of twelve 30 day months).

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Class C Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Compounded Interest shall have the meaning set forth in Section 4.1.