Class B Notes Interest definition

Class B Notes Interest means the aggregate interest amount payable (including any Interest Shortfall) in respect of all Class B Notes on any date and in accordance with the Terms and Conditions of the Notes;
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Class B Notes Interest. ' shall mean the aggregate Interest Amount payable (including any Interest Shortfall) in respect of all Class B Notes on any date.
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Examples of Class B Notes Interest in a sentence

  • Similarly, there is no assurance that the Class B Noteholders will receive for each Class B Note the total principal amount plus interest at the Class B Notes Interest Rate nor that the distributions which are made will correspond to the monthly payments originally agreed upon in the underlying Financing Contracts.

  • If for any Interest Accrual Period, or any portion thereof, the Class A Notes Interest Rate, the Class B Notes Interest Rate or the Class C Notes Interest Rate is determined by reference to LIBOR or the Bank Base Rate, then on each applicable LIBOR Determination Date, the Calculation Agent shall notify the Trustee of the applicable LIBOR rate or Bank Base Rate, as applicable.

  • If for any Interest Accrual Period, or any portion thereof, the Class A Notes Interest Rate, the Class B Notes Interest Rate or the Class C Notes Interest Rate for all or a portion of such Notes is determined by reference to the Commercial Paper Funding Rate, then the Trustee shall determine the Commercial Paper Funding Rate for the respective Notes on the basis of written notice received from the applicable Managing Agent.

Related to Class B Notes Interest

  • Class B Notes means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-2.

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess of the Class B Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class B Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Noteholders of Class B Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class B Notes on the preceding Payment Date, to the extent permitted by law, at the Class B Interest Rate for the related Interest Period.