Class B Deferred Interest definition
Class B Deferred Interest means, with respect to the Class B Notes and any Payment Date that occurs during a Sequential Interest Amortization Period when the Class A Notes are Outstanding, an amount equal to the sum of (i) interest accrued during the related Interest Accrual Period at the related Note Rate on the Outstanding Note Balance of the Class B Notes immediately prior to such Payment Date and (ii) the amount of unpaid Class B Deferred Interest from prior Payment Dates plus, to the extent permitted by law, interest thereon at the related Note Rate.
Class B Deferred Interest has the meaning assigned to such term in Section 2.5(b).
Class B Deferred Interest until paid in full as provided aforesaid, and Class B Deferred Interest shall bear interest until paid at a rate per annum equal to the Applicable Rate for Class B Loans).
Examples of Class B Deferred Interest in a sentence
Note Interest, Post ARD Additional Interest, Deferred Post ARD Additional Interest and Class B Deferred Interest with respect to the Series 2017-1 Notes shall each be computed on the basis of a 360-day year consisting of twelve (12) 30-day months.
More Definitions of Class B Deferred Interest
Class B Deferred Interest means, with respect to the Class B Notes and any Payment Date that occurs during a Class B Sequential Interest Amortization Period when the Class A Notes are Outstanding, an amount equal to the sum of (i) interest accrued during the related Interest Accrual Period at the related Note Rate on the Outstanding Note Balance of the Class B Notes immediately prior to such Payment Date and (ii) the amount of unpaid Class B Deferred Interest from prior Payment Dates plus, to the extent permitted by law, interest thereon at the related Note Rate.
Class B Deferred Interest means with respect to any Distribution Date, as long as any Class A Notes are outstanding, the shortfall (if any) in the payment of the accrued and unpaid interest on the Class B Notes on such Distribution Date or any previous Distribution Date, in each case to the extent not previously paid.
Class B Deferred Interest means, on any Payment Date, an amount equal to the amount of unpaid interest in respect of the Class B Notes on such Payment Date.
Class B Deferred Interest means, on any Interest Payment Date, the interest deferred on the Class B Notes as set out in Condition 6(c)(Deferral of Interest).
Class B Deferred Interest. If applicable to the Class B Notes of a Series, as defined in the applicable Series Supplement. “Class B Notes”: With respect to any Series, any Class of Notes that is designated as a Class of “Class B Notes” in the applicable Series Supplement (regardless of any numerical designation). “Closing Date Period”: Any period commencing on the most recent Series Closing Date until (and excluding) the next occurring Series Closing Date. “Collateral Agency Agreement”: The Second Amended, Restated and Consolidated Collateral Agency Agreement, dated as of May 20, 2014, among the Collateral Agent, the Issuers, each Joining Party Issuer (as defined in the Collateral Agency Agreement), each Joining Party Lender (as defined in the Collateral Agency Agreement), Spirit Realty and Spirit SPE Warehouse Funding, LLC, as amended, supplemented or modified from time to time and any other collateral agency agreement as set forth in a Series Supplement. “Custody Agreement”: The Second Amended and Restated Custody Agreement, dated as of May 20, 2014, among the Issuers, the Trustee, the Custodian and any joining party issuers, each as a co-issuer, as the same may be amended, supplemented or modified from time to time. “Distribution”: The Business Sector comprised of Process, Physical Distribution, and Logistics Consulting Services (NAICS 541614). “Early Amortization Event”: An Early Amortization Event will occur (A) as of any Determination Date, if the Average Cashflow Coverage Ratio for such Determination Date is less than the Early Amortization Threshold; provided that, following the occurrence of any such Early Amortization Event, if, as of any date of determination, the Cashflow Coverage Ratio as of the three most recent Determination Dates (including any Determination Date occurring on such date of determination) exceeded the Early Amortization Threshold as of such date of determination, then such Early Amortization Event will be deemed to be cured for all purposes and no longer continuing as of such date of determination; (B) if an Event of Default shall have occurred and shall not have been cured or waived in accordance with this Indenture; (C) if the Issuers do not repay the Class Principal Balance of any Class of Notes in full on or prior to the Anticipated Repayment Date for such Class of Notes, provided, that if the Class Principal
Class B Deferred Interest means the amount of interest on the Class B Notes which is not paid when due and payable in accordance with the Priority of Payments.
Class B Deferred Interest. The meaning specified in Section 2.6(a) of the Indenture.