Class C Interest Payment definition
Class C Interest Payment means (a) for the initial Payment Date after the Series 2024-2 Closing Date (or, in the case of an additional issuance of a Class C Note after the Series 2024-2 Closing Date, the date of such issuance), the product of (i) 1/360 of the Class C Note Rate, (ii) the number of days from and including the Series 2024-2 Closing Date (or date of issuance) to and excluding the 17th day of the calendar month in which the initial (or, as applicable, next) Payment Date occurs (calculated on the basis of a 360-day year consisting of twelve 30-day months) and (iii) the Class C Initial Invested Amount and (b) for any subsequent Payment Date (other than on a Series 2024-2 Prepayment Date), the sum of (i) the product of (x) one-twelfth of the Class C Note Rate and (y) the Class C Invested Amount on the immediately preceding Payment Date (after giving effect to all
Class C Interest Payment means (a) for the initial Payment Date after the Series 2021-1 Closing Date (or, in the case of an additional issuance of a Class C Note after the Series 2021-1 Closing Date, the date of such issuance), the product of (i) 1/360 of the Class C Note Rate, (ii) the number of days from and including the Series 2021-1 Closing Date (or date of issuance) to and excluding the 17th day of the calendar month in which the initial (or, as applicable, next) Payment Date occurs (calculated on the basis of a 360-day
Class C Interest Payment means (a) for the initial Payment Date after the Series 2019-1 Closing Date (or, in the case of an additional issuance of a Class C Note after the Series 2019-1 Closing Date, the date of such issuance), the product of (i) 1/360 of the Class C Note Rate, (ii) the number of days from and including the Series 2019-1 Closing Date (or date of issuance) to and excluding the 17th day of the calendar month in which the initial (or, as applicable, next) Payment Date occurs (calculated on the basis of a 360-day year consisting of twelve 30-day months) and (iii) the Class C Initial Invested Amount and (b) for any subsequent Payment Date, the sum of (i) the product of (x) one-twelfth of the Class C Note Rate and (y) the Class C Invested Amount on the immediately preceding Payment Date (after giving effect to all payments of principal of the Class C Notes on such immediately preceding Payment Date) and (ii) the portion, if any, of the Class C Interest Payment for the immediately preceding Payment Date that was not paid on such Payment Date, together with interest thereon (to the extent permitted by law) at the Class C Note Rate.
More Definitions of Class C Interest Payment
Class C Interest Payment means (a) for the initial Payment Date after the Series 2018-1 Closing Date, the product of (i) 1/360 of the Class C Note Rate, (ii) the number of days from and including the Series 2018-1 Closing Date to and excluding the 17th day of