Noteholders’ Interest Carryover Amount means, with respect to any Class of Notes and any date of determination, all or any portion of the Noteholders’ Interest Distributable Amount for such Class of Notes for the immediately preceding Distribution Date which remains unpaid as of such date of determination, plus interest on such unpaid amount, to the extent permitted by law, at the respective Interest Rate borne by the applicable Class of Notes from such immediately preceding Distribution Date to but excluding such date of determination.
Noteholders’ Interest Carryover Amount means, with respect to any Class of Notes and any date of determination, all or any portion of the Noteholders’ Monthly Interest Distributable Amount for that Class for the immediately preceding Distribution Date and any outstanding Noteholders’ Interest Carryover Amount on such immediately preceding Distribution Date, any of which remains unpaid as of such date of determination, plus interest on such unpaid amount, to the extent permitted by law, at the respective Interest Rate borne by each Class of Notes from such immediately preceding Distribution Date to but excluding the related Distribution Date.
Noteholders’ Interest Carryover Amount means, with respect to any Class of Notes and any Distribution Date, all or any portion of the Noteholders' Monthly Interest Distributable Amount for such Class of Notes for the immediately preceding Distribution Date and any outstanding Noteholders' Interest Carryover Amount which remains unpaid as of such Determination Date, plus interest on such unpaid amount, to the extent permitted by law, at the respective Interest Rate borne by each Class of Notes from such immediately preceding Distribution Date to but excluding the Distribution Date.
More Definitions of Noteholders’ Interest Carryover Amount
Noteholders’ Interest Carryover Amount means, with respect to any Class of Offered Notes or Class VPN Loans and any date of determination, the sum of (a) the excess of (i) all or any portion of the Noteholders' Monthly Interest Distributable Amount for such Class for the immediately preceding Monthly Payment Date and any outstanding Noteholders' Interest Carryover Amount on such immediately preceding Monthly Payment Date over (ii) the amount that was actually deposited to the Note Distribution Account in respect of the Noteholders' Interest Distributable Amount for the Class on such preceding Monthly Payment Date plus (b) if such preceding Monthly Payment Date was a Payment Date for such Class, an amount equal to interest on such excess at the Interest Rate of the Class from and including such preceding Payment Date to but excluding the date of determination.