Class A-4 Interest Distributable Amount definition
Class A-4 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 A‑4 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 A‑4 Rate or, in the case of the first Payment Date, on the Class A‑4 Initial Principal Balance.
Class A-4 Interest Distributable Amount means, with respect to any Payment Date, the sum of the Class A-4 Monthly Interest Distributable Amount and the Class A-4 Interest Carryover Shortfall for such Payment Date.
Class A-4 Interest Distributable Amount. With respect to any Distribution Date, the sum of the Class A-4 Monthly Interest Distributable Amount for such Distribution Date and the Class A-4 Interest Carryover Shortfall for such Distribution Date. CLASS A-4 INTEREST RATE: 6.000% per annum.
Examples of Class A-4 Interest Distributable Amount in a sentence
Any shortfall in the payment of interest on the Class A-4 Notes at the Class A-4 Interest Rate due entirely to the failure of the Class A-4 Swap Counterparty to make a required payment under the Class A-4 Swap Agreement will not constitute an Event of Default under the Indenture and upon such an occurrence, the Class A-4 Noteholders will only be entitled to receive the Class A-4 Interest Distributable Amount at the Class A-4 Assumed Fixed Rate.
More Definitions of Class A-4 Interest Distributable Amount
Class A-4 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A-4 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 A-4 Rate or, in the case of the first Payment Date, on the Class A-4 Initial Principal Balance.
Class A-4 Interest Distributable Amount means, with respect to any Distribution Date, the product of (i) one-twelfth of the Class A-4 Note Rate or, in the case of the first Distribution Date, % of such amount, and (ii) the Class A-4 Note Balance as of the immediately preceding Distribution Date (after giving effect to changes in the Class A-4 Note Balance made on such immediately preceding Distribution Date) or, in the case of the first Distribution Date, the Initial Class A-4 Note Balance.
Class A-4 Interest Distributable Amount means, with respect to any Distribution Date, the sum of the Class [A-4] Monthly Interest Distributable Amount for such Distribution Date and the Class [A-4] Interest Carryover Shortfall for such Distribution Date.
Class A-4 Interest Distributable Amount means, with respect to any Monthly Allocation Date, the product of (i) one-twelfth of the Class A-4 Rate (or in the case of the first Monthly Allocation Date, of the Class A-4 Rate) and (ii) the Certificate Balance as of the immediately preceding Monthly Allocation Date (after giving effect to changes in the Class A-4 Certificate Balance made on such immediately preceding Monthly Allocation Date) or, in the case of the first Monthly Allocation Date, the Initial Class A-4 Certificate Balance.