Additional Note Interest definition

Additional Note Interest means, for any Distribution Date and any Class of Notes, the sum of (i) all accrued but unpaid Monthly Note Interest for previous Distribution Dates for such Class plus (ii) to the extent permitted by law, interest on such accrued but unpaid Monthly Note Interest at the Note Rate applicable to such Class.
Sample 1Sample 2Sample 3
Additional Note Interest. For any Payment Date, with respect to the Class A Notes, the sum of (i) all accrued but unpaid Monthly Note Interest for previous Payment Dates plus (ii) to the extent permitted by law, interest on such accrued but unpaid Monthly Note Interest at the Note Rate.
Sample 1Sample 2
Additional Note Interest. For any Payment Date, with respect to the Class A Notes, the sum of (i) all accrued but unpaid Monthly Note Interest for previous Payment Dates plus (ii) the sum of, to the extent permitted by law, (A) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-1 Notes for previous Payment Dates, (B) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-2 Notes for previous Payment Dates, (C) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-3 Notes for previous Payment Dates and (D) interest at the applicable Note Rate on all accrued and unpaid interest on the Class A-4 Notes for previous Payment Dates.
Sample 1

Examples of Additional Note Interest in a sentence

  • Deferred Post-ARD Additional Note Interest will not bear interest.

  • Prior to such time, the Post-ARD Additional Note Interest accruing on a Class of Notes will be deferred and added to any Post-ARD Additional Note Interest previously deferred and remaining unpaid (“Deferred Post-ARD Additional Note Interest”).

  • The Post-ARD Additional Note Interest, if any, for a Class of Notes will only be due and payable (i) after the Aggregate Outstanding Note Balance has been paid in full or (ii) on the Payment Date on which a Voluntary Prepayment of all outstanding Notes in full is being made.

  • The Post-ARD Additional Note Interest for a Class of Notes will only be due and payable after the Aggregate Outstanding Note Balance has been paid in full.

  • Prior to such time, the Post-ARD Additional Note Interest accruing on a Class and Series of Notes will be deferred and added to any Post-ARD Additional Note Interest previously deferred and remaining unpaid (“Deferred Post-ARD Additional Note Interest”).

  • The Post-ARD Additional Note Interest, if any, for a Class and Series of Notes will only be due and payable (i) on the date when the Aggregate Outstanding Note Balance is paid in full or (ii) on the Payment Date on which a Voluntary Prepayment of all outstanding Notes in full is being made.

  • Prior to such time, the Post-ARD Additional Note Interest accruing on the Notes will be deferred and added to any Post-ARD Additional Note Interest previously deferred and remaining unpaid ("Deferred Post-ARD Additional Note Interest").

  • Prior to such time, the Post-ARD Additional Note Interest accruing on a Class of Notes will be deferred and added to any Post-ARD Additional Note Interest previously deferred and remaining unpaid ("Deferred Post-ARD Additional Note Interest").

  • The Post-ARD Additional Note Interest, if any, for the Notes will only be due and payable (i) after the Outstanding Note Balance has been paid in full or (ii) on the Payment Date on which a Voluntary Prepayment of all outstanding Notes in full is being made.

Related to Additional Note Interest

  • Note Interest for any Class of Notes and Payment Date means interest for the related Interest Period at the applicable Note Rate on the related Note Principal Balance as of the first day of the Interest Period (after giving effect to the distributions made on the first day of the Interest Period).

  • 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].

  • Exchange Note Interest Rate has the meaning stated in Section 2.2(a)(vi) of the Exchange Note Supplement.

  • 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 Note Interest means, for a Class and a Payment Date, the sum of the Note Monthly Interest and the Note Interest Shortfall.

  • 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.

  • Additional Notes means additional Notes (other than the Initial Notes) issued from time to time under this Indenture in accordance with Sections 2.01 and 4.09 hereof.

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

  • Class B 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].

  • Class A-4 Note Interest Rate means a rate per annum equal to 2.11%.

  • Class A 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].

  • Class A-2 Note Interest Rate means a rate per annum equal to %.

  • Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Initial Note Principal Balance means, with respect to each Note as of any date of determination, the “Initial Note Principal Balance” for such Note set forth in Part B of the Mortgage Loan Schedule.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class C Note Initial Principal Balance means $18,948,000.

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Class B Note Interest Shortfall means, for any distribution date, the excess of: • the Class B Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class B noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the class B note interest rate from that preceding distribution date to the current distribution date.

  • Class C Note Rate means 3.48% per annum.

  • Original Note Principal Balance means the Original Note Principal Balance of both Classes of Notes, or the Original Note Principal Balance of the Class 1-A Notes or the Class 2-A Notes, as applicable, each as reflected in the Adoption Annex.

  • Initial Note B-1 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Initial Additional Notes means Additional Notes issued in an offering not registered under the Securities Act and any Notes issued in replacement thereof, but not including any Exchange Notes issued in exchange therefor.

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