Class B Defaulted Interest Amount definition
Class B Defaulted Interest Amount. With respect to the Class B Notes as of each Payment Date, the accrued and unpaid amount due to Holders of the Class B Notes on account of any shortfalls in the payment of the Class B Interest Distribution Amount with respect to any preceding Payment Date or Payment Dates, together with interest accrued thereon (to the extent lawful).
Class B Defaulted Interest Amount means, with respect to the Class B Notes as of each Payment Date, the accrued and unpaid amount due to holders of the Class B Notes on account of any shortfalls in the payment of the applicable Interest Distribution Amount with respect to any preceding Payment Date or Payment Dates, together with interest accrued thereon (to the extent lawful).
Class B Defaulted Interest Amount means, with respect to the Class B Notes on or after any Payment Date on which no Class A Notes are outstanding, any interest on the Class B Notes (other than Class B Capitalized Interest) that is due and payable but is not punctually paid or duly provided for on or prior to the due date therefor and which remains unpaid, together with interest accrued thereon (to the extent lawful).
Examples of Class B Defaulted Interest Amount in a sentence
The redemption price for the Class B Notes will be calculated on the related Determination Date and will equal the Aggregate Outstanding Amount of the Class B Notes to be redeemed, together with the Class B Interest Distribution Amount (plus any Class B Defaulted Interest Amount) due on that day of redemption.
More Definitions of Class B Defaulted Interest Amount
Class B Defaulted Interest Amount. The Class B-FL Defaulted Interest Amount and the Class B-FX Defaulted Interest Amount collectively.