Class B Noteholders’ Interest Distribution Amount definition

Class B Noteholders’ Interest Distribution Amount means, for any distribution date, the sum of: • the amount of interest accrued at the class B note rate for the related accrual period on the outstanding principal balance of the class B notes on the immediately preceding distribution date, after giving effect to all principal distributions to class B noteholders on that preceding distribution date, and • the Class B Note Interest Shortfall for that distribution date.
Class B Noteholders’ Interest Distribution Amount means, for any Distribution Date, the sum of (1) the amount of interest accrued at the Class B Rate for the related Accrual Period on the Outstanding Amount of the Class B Notes on the immediately preceding Distribution Date(s) (or, in the case of the first Distribution Date, the Closing Date), after giving effect to all principal distributions to Class B Noteholders on that preceding Distribution Date, and (ii) the Class B Note Interest Shortfall for that Distribution Date.
Class B Noteholders’ Interest Distribution Amount means, for any distribution date, the sum of:

Examples of Class B Noteholders’ Interest Distribution Amount in a sentence

  • Interest accrued with respect to Class B Notes shall not be paid on a Quarterly Distribution Date on which a Subordinate Interest Trigger Event exists (except from funds in the Capitalized Interest Fund in accordance with Section 4.15 of the Indenture); provided, however, that the calculation of the Class B Noteholders’ Interest Distribution Amount with respect to such Quarterly Distribution Date shall not be affected by the occurrence of a Subordinate Interest Trigger Event on such date.

  • Failure to pay the Class B Noteholders’ Interest Distribution Amount in full on any distribution date will not result in an event of default under the indenture for so long as any class A notes are outstanding.


More Definitions of Class B Noteholders’ Interest Distribution Amount

Class B Noteholders’ Interest Distribution Amount means, for any Distribution Date, the sum of:
Class B Noteholders’ Interest Distribution Amount means, with respect to any Monthly Distribution Date, the sum of (a) the amount of interest accrued at the Class B Rate for the related Interest Accrual Period on the Outstanding Amount of the Class B Notes immediately prior to such Monthly Distribution Date, as based on the actual number of days in such Interest Accrual Period divided by 360 and rounding the resultant figure to the fifth decimal place; and
Class B Noteholders’ Interest Distribution Amount shall have the meaning assigned to such term in a Supplemental Indenture.
Class B Noteholders’ Interest Distribution Amount means, for any quarterly distribution date, the sum of:
Class B Noteholders’ Interest Distribution Amount means, for any Quarterly Distribution Date, the sum of:
Class B Noteholders’ Interest Distribution Amount means, for any Distribution Date, the sum of: (i) the amount of interest accrued at the Class B Rate for the related Accrual Period on the Class B Note Balance immediately preceding such Distribution Date and (ii) the Class B Note Interest Shortfall for that Distribution Date.

Related to Class B Noteholders’ Interest Distribution Amount

  • Class A Noteholders’ Interest Distribution Amount means, for any distribution date, the sum of: • the amount of interest accrued at the class A note interest rates for the related accrual period on the aggregate outstanding principal balances of all classes of class A notes on the immediately preceding distribution date, after giving effect to all principal distributions to class A noteholders on that preceding distribution date; and • the Class A Note Interest Shortfall for that distribution date.

  • Class B Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class B Percentage for that distribution date, plus any Class B Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the principal balance of the class B notes.In addition, on the class B maturity date, the principal required to be distributed to the class B noteholders will include the amount required to reduce the outstanding principal balance of the class B notes to zero.

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

  • Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.