Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on the Class B Notes at the interest rate for such Class on the Outstanding Amount of the Notes of such Class on the immediately preceding Payment Date (or, in the case of the initial Payment Date, on the Closing Date), after giving effect to all payments of principal to the Noteholders of such Class on or prior to such preceding Payment Date. For all purposes of this Agreement and the Basic Documents, interest with respect to all Class B Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest due on these Classes of notes on each Payment Date will be the product of: · the Outstanding Principal Balance of the Class B Notes; · the Class B Interest Rate; and · 30 (or, in the case of the initial Payment Date, 26) divided by 360.
Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date, an amount equal to the aggregate interest accrued on the Class B Notes at the Class B Note Interest Rate from and including the 25th day of the month preceding such Distribution Date (or, in the case of the initial Distribution Date, from and including the Closing Date), to but excluding the 25th day of the month containing such Distribution Date (based on a 360-day year of twelve 30-day months).
Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, the sum of the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance immediately preceding the Payment Date (or, in the case of the initial Payment Date, on the Closing Date), after giving effect to all payments of principal to the Noteholders of the Class B Notes on or prior to such preceding Payment Date. Interest with respect to the Class B Notes shall be computed on the basis of a 360-day year of twelve 30-day months.
More Definitions of Class B Noteholders’ Monthly Interest Distributable Amount
Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on the Class B Notes at the interest rate for such Class on the Outstanding Amount of the Notes of such Class on the immediately preceding Payment Date (or, in the case of the first Payment Date, on the Closing Date), after giving effect to all payments of principal to the Noteholders of such Class on or prior to such preceding Payment Date. For all purposes of this Agreement and the Basic Documents, interest with respect to all Class B Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months.
Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance immediately preceding the Payment Date (or, in the case of the initial Payment Date, on the Closing Date), after giving effect to all payments of principal to the Holders of the Class B Notes on or prior to such preceding Payment Date. Interest with respect to the Class B Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months.
Class B Noteholders’ Monthly Interest Distributable Amount. With respect to ---------------------------------------------------------- any Distribution Date, the product of (i) the outstanding principal balance of the Class B Notes on the preceding Distribution Date after giving effect to all payments of principal in respect of the Class B Notes on such preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance on the Closing Date) and (ii) the product of the Interest Rate for the Class B Notes and a fraction, the numerator of which is 30 (or, in the case of the first Distribution Date, the number of days elapsed from the Closing Date to but excluding such Distribution Date) and the denominator of which is 360.
Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on the Class B Notes at the interest rate for such Class on the Outstanding Amount of the Notes of such Class on the immediately preceding Payment Date (or, in the case of the initial Payment Date, on the Closing Date), after giving effect to all payments of principal to the Noteholders of such Class on or prior to such preceding Payment Date. For all purposes of this Agreement and the Basic Documents, interest with respect to all Class B[a] Notes shall be computed on the basis of [a 360-day year consisting of twelve 30-day months]. The interest due on these Classes of notes on each Payment Date will be the product of: · the Outstanding Principal Balance of the Class B[a] Notes; · the Class B[a] Interest Rate; and · [30 (or, in the case of the initial Payment Date, [___]) divided by 360]. Interest due on the initial Payment Date will be $[___] for the Class B[a] Notes. [Interest with respect to the Class Bb Notes shall be computed on the basis of [the actual number of days in the related Interest Accrual Period and a 360-day year]. The interest due on such Class of notes on each Payment Date will be the product of: · the Outstanding Principal Balance of the related Class of Notes; · the related Interest Rate; and · [the actual number of days since the previous Payment Date (or, in the case of the initial Payment Date, since the Closing Date) divided by 360]. Interest due on the initial Payment Date will be $[___] for the Class Bb Notes.]
Class B Noteholders’ Monthly Interest Distributable Amount. With respect to any Distribution Date, the product of (i) the outstanding principal balance of the Class B Notes on the preceding Distribution Date after giving effect to all payments of principal in respect of the Class B Notes on such preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance on the Closing Date) and (ii) the product of the Interest Rate for the Class B Notes and a fraction, the numerator of which is 30 (or, in the case of the first Distribution Date, the number of days from the Closing Date to but excluding December 15, 2002) and the denominator of which is 360.
Class B Noteholders’ Monthly Interest Distributable Amount. With respect to any Distribution Date and the Class B Notes, the aggregate amount of thirty (30) days' accrued interest at the Class B Note Interest Rate on the sum of the (i) Class Principal Balance of the Class B Notes immediately preceding such Distribution Date and (ii) any Class B Noteholders' Interest Carry-Forward Amount remaining outstanding for such Distribution Date.
Class B Noteholders’ Monthly Interest Distributable Amount means, for any Distribution Date, the product of one-twelfth (or, in the case of the first Distribution Date the actual number of days elapsed from and including the Closing Date to but excluding July 15, 1997 divided by 360) multiplied by the Class B Interest Rate multiplied by the Outstanding Amount of the Class B Notes on the immediately preceding Distribution Date after giving effect to all payments of principal to the Holders of the Class B Notes on or prior to such immediately preceding Distribution Date (or, in the case of the first Distribution Date, the Outstanding Amount of the Class B Notes on the Closing Date).