Class C Additional Interest definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Class C Additional Interest shall have the meaning specified in subsection 4.6(c).

Class C Additional Interest is defined in subsection 5.2(d).

Examples of Class C Additional Interest in a sentence

Notwithstanding anything to the contrary herein, Class C Additional Interest shall be payable or distributed to the Class C Noteholders only to the extent permitted by applicable law.
Notwithstanding anything to the contrary herein, Class C Additional Interest shall be payable or distributed to Class C Noteholders only to the extent permitted by applicable law.
Notwithstanding anything to the contrary herein, Class C Additional Interest shall be payable or distributed to the Class C Interest Holders only to the extent permitted by applicable law.
Notwithstanding anything to the contrary herein, Class C Additional Interest shall be payable or distributed to Class C Certificateholders only to the extent permitted by applicable law.
Notwithstanding anything to the contrary herein, the portion of Carryover Class C Interest that constitutes Class C Additional Interest shall be payable or distributable to Class C Certificateholders only to the extent permitted by applicable law.

More Definitions of Class C Additional Interest

Class C Additional Interest shall have the meaning specified in subsection 4.6(c) of the Agreement.

Class C Additional Interest means, as of any Distribution Date, an amount equal to the product of (i) the Class C Certificate Rate for the Interest Period then ended, (ii) a fraction the numerator of which is the actual number of days that Interest Period and the denominator of which is 360, and (iii) such Class C Interest Shortfall, if any, for the previous Distribution Date. Notwithstanding anything to the contrary herein, Class C Additional Interest shall be payable to the Interest Funding Account or distributed to Class C Certificateholders only to the extent permitted by applicable law.

Class C Additional Interest means, with respect to any Distribution Date, an amount equal to the product of (i) a fraction, the numerator of which is 30, and the denominator of which is 360, (ii) the Class C Note Interest Rate in effect with respect to such Interest Period and (iii) the Class C Interest Shortfall for the preceding Distribution Date. Notwithstanding anything to the contrary herein, Class C Additional Interest shall be payable or distributed to the Class C Noteholders only to the extent permitted by applicable law.

Class C Additional Interest is defined in subsection 4.2(c). --------------------------- -----------------

Class C Additional Interest means, on any Distribution Date, an amount equal to the product of (i) (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the sum of the applicable Class C Certificate Rate in effect on such Distribution Date and 1% times (ii) any Class C Deficiency Amounts from the prior Distribution Date (or the portion thereof which has not theretofore been paid to the Class C Holders).

Class C Additional Interest means, with respect to any Distribution Date, an amount equal to the product of (i) a fraction, the numerator of which is the actual number of days in such Interest Period, and the denominator of which is 360, (ii) the Class C Note Interest Rate in effect with respect to such Interest Period and (iii) the Class C Interest Shortfall for the preceding Distribution Date (which shall be zero in the case of the first Distribution Date. Notwithstanding anything to the contrary herein, Class C Additional Interest shall be payable or distributed to the Class C Noteholders only to the extent permitted by applicable law.

Class C Additional Interest shall have the meaning specified in --------------------------- Section 4.02(c). "Class C Amortization Period" shall mean the period beginning on the --------------------------- Class C Principal Commencement Date and ending on the first to occur thereafter of (a) the commencement of the Early Amortization Period, (b) the payment in full to the Class C Interest Holders of the Class C Invested Amount or (c) the Termination Date. "Class C Available Funds" shall mean, with respect to any Monthly ----------------------- Period, an amount equal to the Class C Floating Percentage of the Collections of Finance Charge Receivables (other than Finance Charge Receivables allocated to Servicer Interchange with respect to such Monthly Period) allocated to the Series 199_-_ Certificates (including any investment earnings that are to be treated as Collections of Finance Charge Receivables in accordance with the Agreement). 8

Filter & Search

Related Definitions