Class B Overdue Interest definition

Class B Overdue Interest means, for any Payment Date, the excess, if any, of (a) the aggregate amount of Class B Monthly Interest payable on all prior Payment Dates over (b) the aggregate amount of interest actually paid to the Class B Noteholders on all prior Payment Dates.
Sample 1Sample 2Sample 3
Class B Overdue Interest means, with respect to any Payment Date, the difference, if any, between (a) the amount of Class B Note Interest due on the prior Payment Date and (b) the amount of Class B Note Interest (from whatever source) actually paid to Class B Noteholders on the prior Payment Date, plus (to the extent permitted by law) interest on any shortfall in the payment of interest on the prior Payment Date at the Class B Interest Rate from and including the prior Payment Date through the day immediately preceding the Payment Date of such calculation.
Sample 1Sample 2Sample 3
Class B Overdue Interest. With respect to any Payment Date, the sum of:
Sample 1Sample 2Sample 3

Examples of Class B Overdue Interest in a sentence

  • There is need for continuous and sustained training to maintain a critical number of well trained cadre of experts.

  • Beginning Principal Balance of the Class B Notes $ 16,036,250.69 Class B Overdue Interest, If Any $ 55,972.64 Class B Monthly Interest $ - Class B Overdue Principal, If Any $ - Class B Monthly Principal $ - --------------------- Ending Principal Balance of the Class B Notes $ 16,036,250.69 ===================== Interest Paid Per $1,000 Original Face $17,010,000 0.0000000 Principal Paid Per $1,000 Original Face $17,010,000 0.0000000 Ending Principal Balance Factor 0.9427543 --------------------- VI.


More Definitions of Class B Overdue Interest

Class B Overdue Interest with respect to any Payment Date, the excess, if any, of (a) the aggregate amount of [Class B] Monthly Interest due on all prior Payment Dates over (b) the aggregate amount of [Class B] Monthly Interest (from whatever source) actually paid to [Class B] Noteholders on all prior Payment Dates.
Sample 1
Class B Overdue Interest. With respect to any Payment Date the difference between (I) the sum of A) the excess if any of any Class B Certificate Interest due on such Payment Date over the Class B Certificate Interest paid on such Payment Date and;
Sample 1

Related to Class B Overdue Interest

  • Overdue Interest means any interest payable pursuant to Section 2.8(b) of the Credit Agreement.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • Class E Interest Rate means 5.02% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B Rate means 0.00% per annum (computed on the basis of a 360 day year consisting of twelve 30 day months).

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Simple interest means interest computed on the principal balance outstanding

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.

  • Compounded Interest shall have the meaning set forth in Section 4.1.

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.

  • Note B Percentage Interest means a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance and the denominator of which is the sum of the Note A Principal Balance and the Note B Principal Balance.

  • Class B Percentage Interest means, with respect to a Class B Member as of a given date, that percentage obtained by dividing the total number of Class B Units owned by such Member by the total number of Class B Units issued and outstanding.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class C Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.