Class C Note Interest definition

Class C Note Interest means, with respect to any Payment Date, the sum of (i) the product of (A) the Class C Principal Balance immediately prior to such Payment Date and (B) [one-twelfth of the Class C Interest Rate] and (ii) the Class C Overdue Interest from the preceding Payment Date; provided that on the first Payment Date, the Class C Note Interest shall be $___________.
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Class C Note Interest means each undivided interest in the Class C Notes acquired by the Class C Conduit Investor or the Class C Alternate Investors in connection with the funding of the Class C Initial Invested Amount, the making of Class C Incremental Fundings by the Class C Conduit Investor or the Class C Alternate Investors pursuant to Section 2.05 or the funding of any Assignment Purchase Price by the Class C Alternate Investors pursuant to Section 2.09.
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Examples of Class C Note Interest in a sentence

  • During each Interest Accrual Period, this Class C Note will bear interest at the Class C Note Interest Rate.

  • The Issuer will pay interest on the unpaid principal amount of this Note at the Class C Note Interest Rate on each Distribution Date until the principal amount of this Note is paid in full.

  • Issuer will pay interest on the unpaid principal amount of this Note at the Class C Note Interest Rate on each Distribution Date until the principal amount of this Note is paid in full.

  • The Issuer will pay interest on the unpaid principal amount of this Note at the Class C Note Interest Rate on each Payment Date until the principal amount of this Note is paid in full.

  • All income or other gain (net of losses and investment expenses) from investments of moneys deposited in the Owner Trust Spread Account shall be applied, as directed by the Administrator by an Issuer Order, (a) to the extent available, to pay the Class C Note Interest Requirement and (b) to the extent of any remaining investment proceeds, to increase the amount on deposit on the Owner Trust Spread Account.

  • The Executive acknowledges that the Company will amend its by-laws so that the Chairman and Vice-Chairman of the Board do not have any powers or rights that the other members of the Board do not currently have.

  • The Issuer will pay interest on the unpaid principal amount of this Note at the Class C Note Interest Rate on each Payment Date until the Final Payment Date (which is the earlier to occur of (a) the Payment Date on which the Note Principal Balance is paid in full, (b) the date on which the Collateral Amount is reduced to zero and (c) the May 2026 Payment Date).

  • The Issuer will pay interest on the unpaid principal amount of this Note at the Class C Note Interest Rate on each Payment Date until the Final Payment Date (which is the earlier to occur of (a) the Payment Date on which the Note Principal Balance is paid in full, (b) the date on which the Collateral Amount is reduced to zero and (c) the October 2025 Payment Date).

  • Until the Outstanding Principal Balance of each Class of Notes has been reduced to zero, the Indenture Trustee shall determine LIBOR, the Class A Note Interest Rate, the Class B Note Interest Rate, and the Class C Note Interest Rate for each Class of Notes for each Interest Accrual Period as provided in Section 7.06 of the Sale and Servicing Agreement and shall inform the Issuer, the Trust Depositor and the Servicer at their respective email addresses given to the Indenture Trustee in writing thereof.

  • The Issuer will pay interest on the unpaid principal amount of this Note at the Class C Note Interest Rate on each Payment Date until the Final Payment Date (which is the earlier to occur of (a) the Payment Date on which the Note Principal Balance is paid in full, (b) the date on which the Collateral Amount is reduced to zero and (c) the March 2013 Payment Date).

Related to Class C Note Interest

  • Class C Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Accrued Class C Note Interest means, with respect to any Payment Date, the sum of the Class C Noteholders’ Monthly Accrued Interest for such Payment Date and the Class C Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Accrued Class D Note Interest means, with respect to any Payment Date, the sum of the Class D Noteholders’ Monthly Accrued Interest for such Payment Date and the Class D Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Accrued Class B Note Interest means, with respect to any Payment Date, the sum of the Class B Noteholders’ Monthly Accrued Interest for such Payment Date and the Class B Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Class A-4 Note Interest Rate means a rate per annum equal to %.