Class E Deferred Interest definition
Class E Deferred Interest. So long as any Class A Notes, Class A-S Notes, Class B Notes, Class C Notes or Class D Notes are Outstanding, any interest due on the Class E Notes that is not paid as a result of the operation of the Priority of Payments on any Payment Date.
Class E Deferred Interest means, with respect to the Class E Notes, any interest due on such Notes which is not available to be paid as a result of the operation of the Priority of Payments on any Distribution Date and which is deferred and added to the Aggregate Outstanding Principal Amount of the Class E Notes until the Distribution Date on which such interest is available to be paid in accordance with the Priority of Payments pursuant to Section 2.6(a).
Class E Deferred Interest means, on an Payment Date, any amount equal to the amount of unpaid interest in respect of the Class E Notes on such Payment Date.
Examples of Class E Deferred Interest in a sentence
The failure to pay such Class C Deferred Interest, Class D Deferred Interest, Class E Deferred Interest, Class F Deferred Interest or Class G Deferred Interest as a result of the operation of the Priority of Payments will not constitute an Event of Default under this Indenture.
More Definitions of Class E Deferred Interest
Class E Deferred Interest. The meaning specified in Section 2.7(f) hereof.
Class E Deferred Interest. Any interest due on the Class E Notes that is not paid as a result of the operation of the Priority of Payments on any Payment Date on which any of the Class A Notes, the Class A-S Notes, the Class B Notes, the Class C Notes, or the Class D Notes are outstanding.