Examples of Class B Deferred Interest in a sentence
Class B Deferred Interest, Class C Deferred Interest, Class D Deferred Interest and Class E Deferred Interest shall only become payable by the Issuer to the extent that Interest Receipts and/or Principal Receipts are available to make such payment in accordance with the Pre-Enforcement Waterfall.
For the avoidance of doubt, any Class B Deferred Interest, Class C Deferred Interest, Class D Deferred Interest or Class E Deferred Interest that is not paid in accordance with the preceding sentence shall remain part of the aggregate Principal Amount outstanding of such Class of Notes.
The Aggregate Outstanding Amount of the Class B Notes will include the Class B Deferred Interest.
Class B Deferred Interest added to the principal amount of any Note pursuant to this Condition shall not be included in the aggregate Principal Amount outstanding of such Notes for the purposes of determining voting rights in respect thereof or the applicable quorum at any meetings of Noteholders or for the purposes of calculating the Voting Proportion.
The failure to pay when due any Class B Deferred Interest will not be an Event of Default under Condition 11 ( Events of Default).