Common use of Payment of Principal and Interest and Other Amounts; Principal and Interest Rights Preserved Clause in Contracts

Payment of Principal and Interest and Other Amounts; Principal and Interest Rights Preserved. (a) The Class A Notes shall accrue interest during each Interest Accrual Period at the Class A Rate. Interest on each Class A Note shall be due and payable on each Payment Date immediately following the related Interest Accrual Period in the proportion that the outstanding principal amount of such Class A Note bears to the Aggregate Outstanding Amount of all Class A Notes; provided, however, that the payment of interest on the Class A Notes is subordinated to the payment on each Payment Date of certain amounts in accordance with the Priority of Payments.

Appears in 10 contracts

Samples: Indenture (Arbor Realty Trust Inc), Indenture (Arbor Realty Trust Inc), Arbor (Arbor Realty Trust Inc)

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Payment of Principal and Interest and Other Amounts; Principal and Interest Rights Preserved. (a) The Class A A-1 Notes shall accrue interest during each Interest Accrual Period at the Class A A-1 Rate. Interest on each Class A A-1 Note shall be due and payable on each Payment Date immediately following the related Interest Accrual Period in the proportion that the outstanding principal amount of such Class A A-1 Note bears to the Aggregate Outstanding Amount of all Class A A-1 Notes; provided, however, that the payment of interest on the Class A A-1 Notes is subordinated to the payment on each Payment Date of certain amounts in accordance with the Priority of Payments.

Appears in 4 contracts

Samples: Gramercy Real (Gramercy Capital Corp), Cdo Servicing Agreement (Gramercy Capital Corp), Cdo Servicing Agreement (Gramercy Capital Corp)

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Payment of Principal and Interest and Other Amounts; Principal and Interest Rights Preserved. (a) The Class A Notes shall accrue interest during each Interest Accrual Period at the applicable Class A Rate. Interest on each Class A Note shall be due and payable on each Payment Date immediately following the related Interest Accrual Period in the proportion that the outstanding principal amount of such Class A Note bears to the Aggregate Outstanding Amount of all Class A Notes; provided, however, that the payment of interest on the Class A Notes is subordinated to the payment on each Payment Date of certain amounts in accordance with the Priority of Payments.

Appears in 1 contract

Samples: Arbor Realty Trust Inc

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