Interest on the Class D Notes Clause Samples

Interest on the Class D Notes. The Class D Notes shall bear interest at the Class D Note Rate in accordance with the definition of Class D Monthly Interest Amount. On each Payment Date, the Class D Monthly Interest Amount with respect to such Payment Date shall be paid in accordance with the provisions hereof. If the amounts described in Section 5.3 are insufficient to pay the Class D Monthly Interest Amount for any Payment Date, payments of such Class D Monthly Interest Amount to the Class D Noteholders will be reduced by the amount of such insufficiency (the aggregate amount, if any, of such insufficiency on such Payment Date, the “Class D Deficiency Amount”), and interest shall accrue on any such Class D Deficiency Amount at the Class D Note Rate in accordance with the definition of Class D Monthly Interest Amount.