Interest Payment. For each Interest Payment Date the amount of interest due with respect to the Class A(2017-3) Notes shall be an amount equal to
Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2016-7) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Note Interest Rate in effect with respect to such related Interest Period times (ii) the Outstanding Dollar Principal Amount of the Class A(2016-7) Notes determined as of the Record Date preceding the related Distribution Date. Any interest on the Class A(2016-7) Notes will be calculated on the basis of the actual number of days in the related Interest Period and a 360-day year.
Interest Payment. For the first Interest Payment Date, November 15, 2018, the amount of interest due with respect to the Class A(2018-5) Notes is $2,822,000. For each Interest Payment Date following the first Interest Payment Date for any Class A(2018-5) Note, the amount of interest due with respect to the Class A(2018-5) Notes shall be an amount equal to
Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2016-4) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2016-4) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $2,031,944. Any interest on the Class A(2016-4) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Interest Payment. Interest on each Loan shall be payable monthly, in arrears, on the first day of each month, commencing on the first day of the month following the month in which such Loan is made and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. The Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 5.02 with the amount of any interest payment due hereunder.
Interest Payment. For each Interest Payment Date, the amount of interest due with respect to the Class C(2020-3) Notes shall be an amount equal to
Interest Payment. Party A shall pay to Party B the due interest on the Interest Payment Date. The first interest payment shall be made on the first Interest Payment Date after the Disbursement of the Loan. Upon the maturity date for the Loan, Party A shall pay in full all the unpaid interest together with the principal.
Interest Payment. (1) For each Interest Payment Date, the amount of interest due with respect to the Class A(2003-6) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denomina- tor of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2003-6) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2003-6) Notes; provided, however, that for the first Interest Payment Date the amount of interest due with respect to the Class A(2003-6) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class A(2003-6) Notes on the Issuance Date, (y) 29 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2003-6) Notes determined on June 12, 2003. Interest on the Class A(2003-6) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year.
Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class C(2002-6) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Note Interest Rate in effect with respect to the related Interest Period, times (ii) the Outstanding Dollar Principal Amount of the Class C(2002-6) Notes determined as of the Record Date preceding the related Transfer Date. Interest on the Class C(2002-6) Notes will be calculated on the basis of the actual number of days in the related Interest Period and a 360-day year. (b) Pursuant to Section 3.03 of the Indenture Supplement, on each Transfer Date, the Indenture Trustee shall deposit into the Class C(2002-6) Interest Funding sub-Account the portion of MBNAseries Available Funds allocable to the Class C(2002-6) Notes. Section 2.03.
Interest Payment. Interest on each Loan shall be payable monthly, in arrears, on the first day of each month, commencing on the first day of the month following the month in which such Loan is made and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. The Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 with the amount of any interest payment due hereunder.
