Examples of Class C 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.
Upon the payment of Class C Deferred Interest or Class D Deferred Interest, as the case may be, on any subsequent Payment Date, the Class C Deferred Interest or Class D Deferred Interest, as the case may be, will be reduced by the amount of such payment.
The Class C Deferred Interest and the Class D Deferred Interest shall only become payable by the Issuer in accordance with Conditions 3(b)(i) and 3(b)(iii) to the extent that Interest Proceeds or Principal Proceeds are available to make such payment in accordance with the Priorities of Payments.
Any payment of principal of the Class C Notes, Class D Notes or Class E Notes shall be deemed to be applied first to the portion of principal constituting Class C Deferred Interest, Class D Deferred Interest or Class E Deferred Interest, as applicable.