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