Stated Interest Amount definition

Stated Interest Amount means, with respect to any Series of Notes (or Class thereof), that amount of Stated Interest due and payable on such Series of Notes (or Class thereof) on a Payment Date, including any Stated Interest due and payable on a prior Payment Date that was not paid on such Payment Date, as described in the last sentence of Section 3.04(c).

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Stated Interest Amount means, with respect to the Series 2021-1 Notes and any Payment Date, an amount equal to the Class A Stated Interest Amount and the Class B Stated Interest Amount.

Stated Interest Amount means, in respect of each Interest Period, an amount determined by the Calculation Agent to be equal to the product of:

Examples of Stated Interest Amount in a sentence

• The excess of the Stated Interest Shortfall over the Balance so allocated to each Series shall be the “Net Stated Interest Shortfall” for such Series and shall be added to the Stated Interest Amount of Class A Notes within such Series for the next succeeding Payment Date.

• The excess of the Stated Interest Shortfall over the Balance so allocated to each Series shall be the “Net Stated Interest Shortfall” for such Series and shall be added to the Stated Interest Amount of Class B Notes within such Series for the next succeeding Payment Date.

• The excess of the Stated Interest Shortfall over the Balance so allocated that remains available to pay Stated Interest after allocation of the Available Collections Amount to items senior to Stated Interest in the Flow of Funds shall be the “Net Stated Interest Shortfall” for the Equipment Notes and shall be added to the Stated Interest Amount for the next succeeding Payment Date.

• The excess of the Stated Interest Shortfall over the Balance so allocated that remains available to pay Stated Interest after allocation of the Available Collections Amount to items senior to Stated Interest in the Flow of Funds shall be the “Net Stated Interest Shortfall ” for the Equipment Notes and shall be added to the Stated Interest Amount for the next succeeding Payment Date.

• The excess of the Stated Interest Shortfall over the Balance so allocated to each Series shall be the “Net Stated Interest Shortfall” for such Series and shall be added to the Stated Interest Amount of such Series for the next succeeding Payment Date.

• All amounts of the Series A2 Stated Interest Amount and the Series A2 Conversion Step-Up Interest Amount shall be due and payable on the earlier to occur of (i) the date on which the Series A2 Notes have been accelerated in accordance with the provisions of Section 4.02 of the Indenture and (ii) the Series A2 Final Maturity Date.

• All amounts of the Stated Interest Amount and the Conversion Step-Up Interest Amount shall be due and payable on the earlier to occur of (i) the date on which the Series 2007-A2 Notes have been accelerated in accordance with the provisions of Section 4.02 of the Indenture and (ii) the Series 2007-A2 Final Maturity Date.

• The Stated Interest Amount and the Conversion Step-Up Interest Amount for each Interest Accrual Period shall be calculated separately and paid separately as provided in Section 3.14 of the Indenture and Section 3.02 hereof.

• After giving effect to such allocation and payment with respect to the interest then due on the Outstanding Equipment Notes (excluding Additional Interest), (a) the amount of such shortfall shall be the “Net Stated Interest Shortfall”, and (b) the Net Stated Interest Shortfall shall be added to the Stated Interest Amount for the next succeeding Payment Date.

• The Series A2 Stated Interest Amount and the Series A2 Conversion Step-Up Interest Amount for each Interest Accrual Period shall be calculated separately and paid separately as provided in Section 3.13 of the Indenture and Section 3.02 hereof.

More Definitions of Stated Interest Amount

Stated Interest Amount means, with respect to the Equipment Notes, that amount of Stated Interest due and payable on the Equipment Notes on a Payment Date, including any Stated Interest due and payable on a prior Payment Date that was not paid on such Payment Date, as described in the last sentence of Section 3.04(c) hereof.

Stated Interest Amount means, for any Payment Date for the Series 2007-A2 Notes, an amount equal to the sum for each day during the related Interest Accrual Period of accrued and unpaid interest at the Series 2007-A2 Stated Rate on the Outstanding Principal Balance of the Series 2007-A2 Notes on such date. The amount described in the preceding sentence constitutes the Stated Interest Amount for the Series 2007-A2 Notes for purposes of Sections 3.13 and 3.14 of the Indenture.

Stated Interest Amount means, for any Payment Date for the Series 2008-A1 Notes, an amount equal to the sum for each day during the related Interest Accrual Period of accrued and unpaid interest at the Series 2008-A1 Stated Rate on the Outstanding Principal Balance of the Series 2008-A1 Notes on such date. The amount described in the preceding sentence constitutes the Stated Interest Amount for the Series 2008-A1 Notes for purposes of Sections 3.13 and 3.14 of the Indenture.