Class C-FL Defaulted Interest Amount definition
Class C-FL Defaulted Interest Amount. On or after any Payment Date on which no Class A Notes or Class B Notes are Outstanding, any interest on the Class C-FL Notes (other than Class C-FL Capitalized Interest) that is due and payable but is not punctually paid or duly provided for on or prior to the due date therefor and which remains unpaid, together with interest accrued thereon (to the extent lawful).
Examples of Class C-FL Defaulted Interest Amount in a sentence
The redemption price of the Class C-FL Notes shall be calculated on the related Determination Date and shall be equal to the Aggregate Outstanding Amount of the Class C-FL Notes to be redeemed, together with the Class C-FL Interest Distribution Amount (plus any Class C-FL Capitalized Interest and any Class C-FL Defaulted Interest Amount) due on that day of redemption.