Class E Deferred Interest definition

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).
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Class E Deferred Interest. For so long as any of the Class A Notes, the Class B Notes, the Class C Notes or the Class D Notes are Outstanding, to the extent interest is due but not paid on the Class E Notes on any Payment Date, such amount will be added to the principal amount of the Class E Notes and will bear interest at the Class E Rate on the Aggregate Outstanding Amount of the Class E Notes, as so increased.
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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.
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Examples of Class E Deferred Interest in a sentence

  • For the avoidance of doubt, any Class B Deferred Interest, Class C Deferred Interest, Class D Deferred Interest or Class E Deferred Interest that is not paid in accordance with the preceding sentence shall remain part of the aggregate Principal Amount outstanding of such Class of Notes.

  • Class B Deferred Interest, Class C Deferred Interest, Class D Deferred Interest and Class E Deferred Interest shall only become payable by the Issuer to the extent that Interest Receipts and/or Principal Receipts are available to make such payment in accordance with the Pre-Enforcement Waterfall.

  • The Co-Issuers will duly and punctually pay all principal, interest (including Class C Deferred Interest, Class D Deferred Interest, Class E Deferred Interest, Defaulted Interest and interest thereon, if any), Commitment Fee and other amounts owing hereunder or under any other agreement or instrument to which the Issuer or the Co-Issuer is a party in accordance with the terms of the Notes, this Indenture and such other agreements or instruments.

  • After issuance, the Class E Notes may fail to be in an amount which is an integral multiple of U.S.$1,000 due to the addition to the principal amount thereof of the Class E Deferred Interest Amount.

  • What range of expressions actually participates in a given process is suggestive of exactly what that process consists in.

  • Interest accrued with respect to the Floating Rate Debt (and interest on(f) Defaulted Interest in respect of the Floating Rate Debt, if any, and, with respect to the Class C Notes, and the Class D Notes and the Class E Notes, on any Class C Deferred Interest, or Class D Deferred Interest or Class E Deferred Interest thereon, as applicable) and any interest thereon shall be computed on the basis of the actual number of days elapsed in the applicable Interest Period divided by 360.

  • The existing 2”X10” joists can span between the new crawlspace foundation wall and south foundation wall., both on preservative treated sills.

  • Upon the payment of Class C Deferred Interest, Class D Deferred Interest or Class E Deferred Interest previously capitalized as additional principal, the aggregate outstanding principal amount of the Class C Notes, Class D Notes or Class E Notes, as applicable, will be reduced by the amount of such payment.

  • Any payment of principal of the Class C Notes, Class D Notes or Class E Notes shall be deemed to be applied first to the portion of principal constituting Class C Deferred Interest, Class D Deferred Interest or Class E Deferred Interest, as applicable.

  • The AAP is expected to provide a flexible policy basis for the incremental upgrade and redevelopment of the town centre.


More Definitions of Class E Deferred Interest

Class E Deferred Interest. The meaning specified in Section 2.7(f) hereof.
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Related to Class E Deferred Interest

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

  • Net Deferred Interest With respect to each Loan Group and any Distribution Date, the greater of (i) the excess, if any, of the Deferred Interest for the related Due Date over the aggregate amount of any principal prepayments in part or in full received during the related Prepayment Period and (ii) zero.

  • Class B Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class B Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class B Rate or, in the case of the first Payment Date, on the Class B Initial Principal Balance.

  • Aggregate Class B Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class B Notes as of such Distribution Date and (ii) the Class B Interest Carryover Shortfall as of the close of the preceding Distribution Date.

  • Class C Monthly Interest is defined in Section 4.1(c).

  • Class A Interest Distributable Amount means, with respect to any Distribution Date and each class of Class A Notes, an amount equal to the sum of: (i) the aggregate amount of interest accrued on the Class A Notes at the related Note Rate from and including the preceding Distribution Date (or, in the case of the initial Distribution Date, from and including the Closing Date) to but excluding the current Distribution Date plus (ii) the related Class A Interest Carryover Shortfall for the current Distribution Date.

  • Class B Monthly Interest shall have the meaning specified in subsection 4.02(b).

  • Aggregate Class C Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class C Notes as of such Distribution Date and (ii) the Class C Interest Carryover Shortfall as of the close of the preceding Distribution Date.

  • Class C Distributable Amount As defined in the Preliminary Statement.

  • Class X Distributable Amount On any Distribution Date, (i) as a distribution in respect of interest, the amount of interest that has accrued on the Class X Interest and not applied as an Extra Principal Distribution Amount on such Distribution Date, plus any such accrued interest remaining undistributed from prior Distribution Dates, plus, without duplication, (ii) as a distribution in respect of principal, any portion of the principal balance of the Class X Interest which is distributable as an Overcollateralization Reduction Amount, minus (iii) any amounts paid as a Basis Risk Payment.

  • Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date and any Class of Notes, interest accrued at the respective Interest Rate during the applicable Interest Period on the principal amount of the Notes of such Class outstanding as of the end of the prior Distribution Date (or, in the case of the first Distribution Date, as of the Closing Date), calculated (x) for the Class A-1 Notes and the Class A-2-B Notes on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period and (y) for all other Classes of Notes on the basis of a 360-day year consisting of twelve 30-day months (without adjustment for the actual number of business days elapsed in the applicable Interest Period), except with respect to the first Interest Period.

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v) and (a)(vi), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Monthly Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, other than the Class P, Class R and Class C Certificates, an amount equal to the amount of interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Class Principal Amount of such Class of Certificates immediately prior to such Distribution Date, in each case, reduced by any Net Prepayment Interest Shortfalls allocated to such Class of Certificates and any Relief Act Interest Shortfalls allocated to such Class of Certificates, in each such case, as such shortfalls are allocated pursuant to Section 1.02 herein.