Examples of Class B Interest Payment in a sentence
The Liquidity Reserve will be available to pay interest on the Class A Notes and the Class B Notes and senior expenses ranking in priority thereto from the Closing Date up to and including the Final Class B Interest Payment Date.
On the Final Class B Interest Payment Date, amounts not exceeding the Liquidity Reserve Required Amount on the immediately preceding Interest Payment Date may be applied as Available Principal Receipts and shall be applied in accordance with the Pre-Acceleration Principal Priority of Payments to the extent required to redeem the Class B Notes and thereafter any excess shall continue to be applied in accordance with the Pre- Acceleration Revenue Priority of Payments.
The Liquidity Reserve will cover, inter alia, the risk of delayed payment or non-payment in respect of the Purchased Receivables and, from the Closing Date to and including the Final Class B Interest Payment Date, will be used towards paying items (a) to (g) of the Pre-Acceleration Revenue Priority of Payments.
With respect to the Class B Notes and the first Payment Date, [32] days of interest at the Class B Note Rate, and with respect to all other Payment Dates, 30 days of interest at the Class B Note Rate, in each case on the Class B Note balance as of the close of business on the last day of the related Collection Period ("Class B Interest Payment Amount").
For the purpose of determining the Class B Rate of Interest to be applied to determine the Class B Interest Payment Amount payable on the Class B Notes on a Payment Date with respect to the days from the relevant Calculation Date (included) to such Payment Date (excluded), the Paying Agent shall apply the Class B Rate of Interest applicable on the relevant Calculation Date (the “ Class B Estimated Amount”).
The Issuer defaults in the payment of any Class A Interest Payment Amount, Class B Interest Payment Amount, Additional Amounts or Variable Return (as the case may be) on the Most SeniorClass of Notes when due and payable, and/or principal due and payable on the Most Senior Class of Notes, (unless such default has arisen by reason of technical default or error and the Issuer has moneys available to make payment and payment is made within 2 (two) Business Days of the due date thereof).
The Cash Allocation, Management and Payments Agreement also contains certain provisions relating to, inter alia, the calculation (by the Calculation Agent) and the payment (by the Paying Agent) of principal, Class A Interest Payment Amount, Additional Amounts in respect of the Notes, if any, and Class B Interest Payment Amount and Variable Return in respect of the Class B Notes.
If UBS AG, as Issuer of the Class B Attributable Warrants, fails to make payment of any Additional Interim Payments under the Class B Attributable Warrants on the relevant Class B Warrant Interim Payment Date, no payment of interest in respect of the Class B Securities will be paid on the related Class B Interest Payment Date.
The Class A Interest Payment Amount, the Class B Interest Payment Amount and the Payment Date so published may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) with the consent and agreement of the Representative of the Noteholders.
Non-payment The Issuer defaults in the payment of any Class A Interest Payment Amount, Class B Interest Payment Amount, Additional Amounts or Variable Return (as the case may be) on the Most Senior Class of Notes when due and payable, and/or principal due and payable on the Most Senior Class of Notes, (unless such default has arisen by reason of technical default or error and the Issuer has moneys available to make payment and payment is made within 2 (two) Business Days of the due date thereof).