Class B Interest Payment definition

Class B Interest Payment means (a) for the initial Payment Date after the Series 2014-1 Closing Date, the product of (i) 1/360 of the Class B Note Rate, (ii) the number of days from and including the Series 2014-1 Closing Date to and excluding the 17th day of the calendar month in which the initial Payment Date occurs (calculated on the basis of a 360-day year consisting of twelve 30-day months) and (iii) the Initial Class B Invested Amount and (b) for any subsequent Payment Date, the sum of (i) the product of (x) one-twelfth of the Class B Note Rate and (y) the Class B Invested Amount on the immediately preceding Payment Date (after giving effect to all payments of principal of the Class B Notes on such immediately preceding Payment Date) and (ii) the portion, if any, of the Class B Interest Payment for the immediately preceding Payment Date that was not paid on such Payment Date, together with interest thereon (to the extent permitted by law) at the Class B Note Rate.
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Class B Interest Payment means (a) for the initial Payment Date after the Series 2019-1 Closing Date (or, in the case of an additional issuance of a Class B Note after the Series 2019-1 Closing Date, the date of such issuance), the product of (i) 1/360 of the Class B Note Rate, (ii) the number of days from and including the Series 2019-1 Closing Date (or date of issuance) to and excluding the 17th day of the calendar month in which the initial (or, as applicable, next) Payment Date occurs (calculated on the basis of a 360-day year consisting of twelve 30-day months) and (iii) the Class B Initial Invested Amount and (b) for any subsequent Payment Date, the sum of (i) the product of (x) one-twelfth of the Class B Note Rate and (y) the Class B Invested Amount on the immediately preceding Payment Date (after giving effect to all payments of principal of the Class B Notes on such immediately preceding Payment Date) and (ii) the portion, if any, of the Class B Interest Payment for the immediately preceding Payment Date that was not paid on such Payment Date, together with interest thereon (to the extent permitted by law) at the Class B Note Rate.
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Class B Interest Payment means, on any Quarterly Payment Date, the Floating Amounts payable by Party A under paragraph 5.1 of this Confirmation, as adjusted (if appropriate) in accordance with paragraph 5.3 of this Confirmation.
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Examples of Class B Interest Payment in a sentence

  • The Class B Interest Payment Amount shall be calculated by applying any proportional reduction (calculated as described in the Agreement) to the amount of interest determined to have accrued on the Class B Certificates.

  • The Servicer shall include the Class A-1 Interest Payment Amount, Class A-2 Interest Payment Amount, Class A-3 Interest Payment Amount and Class B Interest Payment Amount in the Servicer's Certificate for each relevant Certificate Payment Date as provided in Section 3.01(a)(iv) below.

  • The Servicer shall include the Class A-1 Interest Payment Amount, Class A-2 Interest Payment Amount, Class A-3 Interest Payment Amount and Class B Interest Payment Amount in the Servicer's Certificate for each relevant Certificate Payment Date as provided in Section 3.01(a)(v) below.

  • A failure by Party B to pay to Party A the full amount of the Floating Amounts payable by Party B on a Quarterly Payment Date, where Party B pays to Party A the A$ Class B Interest Payment on that Quarterly Payment Date, does not constitute a failure to pay for the purposes of Section 5(a)(i) of the Agreement if any of the Class A Notes are outstanding on that Quarterly Payment Date.

  • Upon receipt of such payments from the Swap Counterparty, the 1998-C Securitization Trustee shall pay the Class B Interest Payment Amount to the Adjustable Rate Class B Certificateholders.

  • The amount paid by the Swap Counterparty as provided above shall be equal to the Class B Interest Payment Amount.

Related to Class B Interest Payment

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Interest Payment means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

  • Interest Payment Amount means, for a Class of Notes and any Payment Date, the Interest Accrual Amount for that Class of Notes, less any Modification Loss Amount for that Payment Date allocated to reduce the Interest Payment Amount for that Class of Notes.

  • Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).

  • Scheduled Interest Payment Date means (a) as to any Eurodollar Loan or Eurodollar Holder Advance, the last day of the Interest Period applicable to such Eurodollar Loan or Eurodollar Holder Advance (or respecting any Eurodollar Loan or Eurodollar Holder Advance having an Interest Period of six (6) months, the three (3) month anniversary of such Interest Period), (b) as to any ABR Loan or any ABR Holder Advance, the fifteenth day of each month, unless such day is not a Business Day and in such case on the next occurring Business Day and (c) as to all Loans and Holder Advances, the date of any voluntary or involuntary payment, prepayment, return or redemption, and the Maturity Date or the Expiration Date, as the case may be.