Class D Additional Interest definition

Class D Additional Interest shall have the meaning specified in subsection 4.6(d).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Class D Additional Interest is defined in Section 4.1(d).

Class D Additional Interest means, with respect to any Interest Period, $0; provided, however, that upon notice to the Indenture Trustee and the Servicer, Class D Additional Interest shall equal such other amount as shall be agreed upon by the Issuer and the Class D Noteholders from time to time.

Examples of Class D Additional Interest in a sentence

• Notwithstanding anything to the contrary herein, Class D Additional Interest shall be payable or distributed to Class D Certificateholders only to the extent permitted by applicable law.

• Notwithstanding anything to the contrary herein, Class D Additional Interest shall be payable or distributed to the Class D Noteholders only to the extent permitted by applicable law.

• Notwithstanding anything to the contrary herein, the portion of Carryover Class D Interest that constitutes Class D Additional Interest shall be payable or distributable to Class D Certificateholders only to the extent permitted by applicable law.

• Notwithstanding anything to the contrary herein, Class D Additional Interest shall be payable or distributed to the Class D Certificateholders only to the extent permitted by applicable law.

• Class D Additional Interest for such Payment Date..................................

• Any Class D Additional Interest previously due but not distributed to Class D Noteholder.........................................................................

• Notwithstanding anything to the contrary herein, Class D Additional Interest shall be payable or distributed to the Class D Securityholders only to the extent permitted by applicable law.

More Definitions of Class D Additional Interest

Class D Additional Interest equal to the product of (i) (A) a fraction, the numerator of which is [30] [the actual number of days in the Interest Period] and the denominator of which is 360, times (B) the Class D Note Interest Rate in effect with respect to the related Distribution Period plus 2% per annum and (ii) such Class D Deficiency Amount (or the portion thereof which has not been paid to the Class D Noteholders) shall be payable as provided herein with respect to the Class D Notes. Notwithstanding anything to the contrary herein, Class D Additional Interest shall be payable or distributed to the Class D Noteholders only to the extent permitted by applicable law.]