Interest Only MAC Notes definition

Interest Only MAC Notes. The Class M-1I, Class M-2I and Class M-3I Notes shown on
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Interest Only MAC Notes. The Class M-1I, Class M-2I and Class M-3I Notes shown on Appendix II. KBRA: Xxxxx Bond Rating Agency, Inc. and its successors.
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Interest Only MAC Notes. The Class M-1I and Class M-2I Notes shown on Appendix II. Junior Reference Tranche: The Class B-H Reference Tranche.
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Examples of Interest Only MAC Notes in a sentence

  • The Interest Only MAC Notes are not entitled to receive payments of principal.

  • The Interest Only MAC Notes will bear interest at fixed per annum rates.

  • Weighted Average Lives of the NotesWeighted average life of a Class of Notes (other than a Class of Interest Only MAC Notes) refers to the average amount of time that will elapse from the date of issuance of such Class of Notes until its balance is reduced to zero.

  • We have calculated the weighted average lives for each Class of Interest Only MAC Notes assuming that a reduction in its Notional Principal Amount is a reduction in Class Principal Balance.

  • Interest Only MAC Notes that will exist on the Closing Date will bear interest at fixed per annum rates.

  • However, in the event that One-Month LIBOR for any Accrual Period is less than zero, the Class Coupons of Interest Only MAC Notes may be subject to downward adjustment such that the aggregate amount of interest payable to such MAC Note and the other MAC Notes in the related Combination would not exceed the aggregate Interest Payment Amount otherwise payable to the related Exchangeable Notes for which such Classes were exchanged (or related MAC Notes in the related exchange combinations listed in Table 2).

  • The yield to maturity on the Notes (other than the Interest Only MAC Notes) will be sensitive to changes in the rate of One-Month LIBOR.

  • We determine One-Month LIBOR using the ICE Method as described under “Description of the Notes — Interest”.Initial Class Class Coupon Subject toClass of NotesThe Class M-2I and Class M-3AI Notes, which are Interest Only MAC Notes, bear interest at the fixed rates per annum of 0.75% and 1.25%, respectively.

Related to Interest Only MAC Notes

  • Interest Only Loan means a Mortgage Loan which only requires payments of interest for a period of time specified in the related Mortgage Note.

  • Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • Interest Only Certificates A Class or Subclass of Certificates not entitled to payments of principal, and designated as such in the Series Supplement. The Interest Only Certificates will have no Certificate Principal Balance.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class C Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class C Notes at the Class C Interest Rate on the Class C Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class C Noteholders on or prior to such preceding Payment Date.

  • Floating Rate Notes means the Class A-2b Notes.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Fixed Rate Notes Together, the Class A-1a Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • B Notes means each of Note B-1 and Note B-2.

  • Class A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Class A-1 Interest Rate means [ ]% 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 Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of each such Class on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders of the Notes of such Class on or prior to such preceding Payment Date.

  • Class D Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class D Notes at the Class D Interest Rate on the Class D Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class D Noteholders on or prior to such preceding Payment Date.

  • Class B Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Class A-4 Notes means the Class A-4 1.04% Asset Backed Notes, substantially in the form of Exhibit A.

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • 2022 Notes means the 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Fundserv Notes means Notes purchased through Fundserv.