Class A-3 Note Interest definition

Class A-3 Note Interest means, for any Payment Date, the sum of the Class A-3 Interest Payment Amount for such Payment Date and the Class A-3 Interest Carryover Shortfall, if any, as of the immediately preceding Payment Date.
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Class A-3 Note Interest means, with respect to any Payment Date, the sum of (i) the product of (A) the Class A-3 Principal Balance immediately prior to such Payment Date and (B) one-twelfth of the Class A-3 Note Interest Rate and (ii) the Class A-3 Overdue Interest for that Payment Date; provided that the Class A-3 Note Interest for the first Payment Date will be 53.33% of the amount calculated in (i) of this definition.
Sample 1
Class A-3 Note Interest means, with respect to any Collection Period, the Class A-3 Note Current Interest and the Class A-3 Overdue Interest.
Sample 1

Examples of Class A-3 Note Interest in a sentence

  • The Issuer shall pay interest on overdue installments of interest at the [Class A-l] [Class A-2] [Class A-3] Note Interest Rate to the extent lawful.

  • The Issuer will pay interest on overdue installments of interest at the Class A-3 Note Interest Rate to the extent lawful.

  • If the Class A-3 Notes are redeemed pursuant to a Class A-3 Special Redemption the Class A-3 Notes will be deemed to have been repurchased by the Series Obligors and the Series Obligors will be entitled to receive Class A-3 Note Interest and Class A-3 Principal Payments interest on the Class A-3 Notes as provided in Section 3.05 hereof until the Class A-3 Principal Balance is zero.

  • This does not include the reception of the applicant, the preparation of the vehicle, the technical check of the vehicle with a bearing on road safety, the special manoeuvres and the announcement of the outcome of the practical test.

  • The Issuing Entity will pay interest on this Note at the Class A-3 Note Interest Rate on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the preceding Payment Date after giving effect to all payments of principal made on such preceding Payment Date (or on the initial principal amount of this Note from and including April 9, 2014 in the case of the first Payment Date).

  • From and after the Series 2008-1 Closing Date, the Series 2008-1 Class A-3 Outstanding Principal Amount will accrue interest at the Series 2008-1 Class A-3 Note Interest Rate which will be due and payable in arrears and distributed to the Series 2008-1 Class A-3 Noteholders on each Payment Date, commencing on the Payment Date occurring in July 2008.

  • The holder of this Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date and amount of each increase and decrease with respect thereto and the Series 2008-1 Class A-3 Note Interest Rate applicable thereto.

  • The Issuing Entity will pay interest on this Note at the Class A-3 Note Interest Rate on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the preceding Payment Date after giving effect to all payments of principal made on such preceding Payment Date (or on the initial principal amount of this Note from and including March 11, 2015 in the case of the first Payment Date).

  • Class A-3 Note Interest Distribution 724,433.33 Class A-3 Note Principal Distribution 0.00 Aggregate Class A-3 distribution 724,433.33 5.

  • The Issuing Entity will pay interest on this Note at the Class A-3 Note Interest Rate on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the preceding Payment Date after giving effect to all payments of principal made on such preceding Payment Date (or on the initial principal amount of this Note from and including April 20, 2011 in the case of the first Payment Date).


More Definitions of Class A-3 Note Interest

Class A-3 Note Interest means, (a) with respect to the initial Payment Date, the product of (x) 1/360 of the Class A-3 Interest Rate times (y) the number of days from and including the Closing Date through the day immediately preceding the initial Payment Date (calculated on the basis of a 360-day year consisting of twelve 30-day months) times (z) the Aggregate Outstanding Principal Balance of the Class A-3 Notes as of the Closing Date, and (b) with respect to any subsequent Payment Date, the sum of (i) the product of (x) one-twelfth of the Class A-3 Interest Rate times (y) the Aggregate Outstanding Principal Balance of the Class A-3 Notes outstanding as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-3 Notes on such immediately preceding Payment Date and (ii) the Class A-3 Overdue Interest, if any.
Sample 1
Class A-3 Note Interest means, (a) with respect to the initial Payment Date, the product of (x) 1/360 of the Class A-3 Interest Rate times (y) the number of days from and including the Closing Date through the day immediately preceding the initial Payment Date (calculated on the basis of a 360-day year consisting of twelve 30-day months) times (z) the Aggregate Outstanding Principal Balance of the Class A-3 Notes as of the Closing Date; provided that, with respect to the initial Payment Date, Class A-3 Note Interest shall equal $788,088.89, and (b) with respect to any subsequent Payment Date, the sum of (i) the product of (x) one-twelfth of the Class A-3 Interest Rate times (y) the Aggregate Outstanding Principal Balance of the Class A-3 Notes outstanding as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-3 Notes on such immediately preceding Payment Date and (ii) the Class A-3 Overdue Interest, if any.
Sample 1
Class A-3 Note Interest means, (a) with respect to any Payment Date, the product of (x) 1/360 of the Class A-3 Interest Rate times (y) the actual number of days in the related Class A-3 Interest Accrual Period times (z) the Aggregate Outstanding Principal Balance of the Class
Sample 1
Class A-3 Note Interest means (a) with respect to the initial Payment Date, the product of (i) 1/360 of the Class A-3 Note Interest Rate times (ii) the actual number of days from and including the Closing Date through the day immediately preceding the initial Payment Date times (iii) the Note Principal Balance of the Class A-3 Notes as of the Closing Date, and (b) with respect to any subsequent Payment Date, the sum of (i) the product of (x) 1/12 of the Class A-3 Note Interest Rate times (y) the Note Principal Balance of the Class A-3 Notes as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-3 Notes on such immediately preceding Payment Date and (ii) the Class A-3 Overdue Interest, if any.
Sample 1
Class A-3 Note Interest. RATE: with respect to any Interest Accrual Period, the rate at which interest accrues on the Class A-3 Notes, which rate shall be equal to 7.12% per annum.
Sample 1

Related to Class A-3 Note Interest

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

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

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

  • Class A-3 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).

  • Class A-3 Note Balance means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes.

  • Class A-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

  • Class A-4 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 Notes on or before such preceding Distribution Date).

  • 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].

  • Class A-4 Note Balance means, as of any date, the Initial Class A-4 Note Balance reduced by all payments of principal made on or prior to such date on the Class A-4 Notes.

  • Class A-4 Notes means the Class A-4 1.04% Asset Backed Notes, substantially in the form of Exhibit A.

  • Class A-2-B Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-2-B Notes, issued in accordance with the Indenture.

  • Class A-3 Interest Rate means 1.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Note means any of the ___% Asset Backed Notes, Class A-3, issued under the Indenture.

  • Class A-2 Monthly Interest means (i) for the initial Distribution Date, $[_______________], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

  • Class A-2 Note means any of the 0.36% Asset Backed Notes, Class A‑2, issued under the Indenture substantially in the form attached thereto as Exhibit A-2.

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

  • Initial Class A-3 Note Balance means $380,000,000.

  • Class A-3 Noteholder means the Person in whose name a Class A-3 Note is registered on the Note Register.

  • Class A-2 Note Rate means, for (i) the initial Series 2005-1 Interest Period, 2.71% per annum and (ii) any other Series 2005-1 Interest Period, the sum of 0.06% plus LIBOR for such Series 2005-1 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.

  • Class A-4 Note means any of the 3.11% Asset Backed Notes, Class A‑4, issued under the Indenture substantially in the form attached thereto as Exhibit A-2.

  • 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.

  • 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 A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • Class A-2b Notes means the Class A-2b Floating Rate Asset-Backed Notes, substantially in the form of Exhibit A-2b to the Indenture.

  • Class C Note Rate means 3.48% per annum.