Class A-4 Note Interest definition

Class A-4 Note Interest means, for any Payment Date, the sum of the Class A-4 Interest Payment Amount for such Payment Date and the Class A-4 Interest Carryover Shortfall, if any, as of the immediately preceding Payment Date.
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Class A-4 Note Interest means, with respect to any Collection Period, the Class A-4 Note Current Interest and the Class A-4 Overdue Interest.
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Class A-4 Note Interest. With respect to any Payment Date, the sum of (i) product of (A) the Class A-4 Principal Balance immediately prior to such Payment Date and (B) the one-twelfth of the Class A-4 Interest Rate and (ii) the Class A-4 Overdue Interest from the preceding Payment Date.
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Examples of Class A-4 Note Interest in a sentence

  • The Issuer will pay interest on overdue installments of interest at the Class A-4 Note Interest Rate to the extent lawful.

  • Class A-4 Note Interest Distribution; 4 Class B Note Interest Distribution; 5 Class C Note Interest Distribution; 6 Class D Note Interest Distribution; 7 Class A-1 Note Principal Distribution; 8 Class A-2 Note Principal Distribution; 9 Class A-3 Note Principal Distribution; 10 Class A-4 Note Principal Distribution; 11.

  • On each Payment Date, the Owner Trustee shall pay or cause to be paid to the applicable Class of Class A Noteholders, interest in an amount equal to the Class A-1 Note Interest, Class A-2 Note Interest, Class A-3-A Note Interest, Class A-3-B Note Interest and Class A-4 Note Interest, as the case may be.

  • The Issuing Entity will pay interest on this Note at the Class A-4 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).

  • The Issuing Entity will pay interest on this Note at the Class A-4 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 September 9, 2015 in the case of the first Payment Date).

  • The Issuing Entity will pay interest on this Note at the Class A-4 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 16, 2008 in the case of the first Payment Date).

  • Class A-4 Note Interest Distribution 338,154.33 Class A-4 Note Principal Distribution 0.00 Aggregate Class A-4 distribution 338,154.33 6.


More Definitions of Class A-4 Note Interest

Class A-4 Note Interest means, (a) with respect to the initial Payment Date, the product of (x) 1/360 of the Class A-4 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-4 Notes as of the Closing Date; provided that, with respect to the initial Payment Date, Class A-4 Note Interest shall equal $942,565.56, and (b) with respect to any subsequent Payment Date, the sum of (i) the product of (x) one-twelfth of the Class A-4 Interest Rate times (y) the Aggregate Outstanding Principal Balance of the Class A-4 Notes outstanding as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-4 Notes on such immediately preceding Payment Date and (ii) the Class A-4 Overdue Interest, if any.
Sample 1
Class A-4 Note Interest means, (a) with respect to the initial Payment Date, the product of (x) 1/360 of the Class A-4 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-4 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-4 Interest Rate times (y) the Aggregate Outstanding Principal Balance of the Class A-4 Notes outstanding as of the immediately preceding Payment Date after giving effect to all payments of principal of the Class A-4 Notes on such immediately preceding Payment Date and (ii) the Class A-4 Overdue Interest, if any.
Sample 1
Class A-4 Note Interest. With respect to any Payment Date, the sum of (i) product of (A) the Class A-4 Principal Balance immediately prior to such Payment Date, but disregarding, for purposes of this calculation of interest only, Class A-4 Allocated Loss Amounts previously applied to reduce the Class A-4 Principal Balance and (B) the one-twelfth of the Class A-4 Interest Rate and (ii) the Class A-4 Overdue Interest from the preceding Payment Date.
Sample 1
Class A-4 Note Interest means, for any Payment Date, the sum of the Class A-4 Interest Payment Amount for such Payment Date and the Class A-4 Interest Carryover Shortfall, if any, as of the immediately preceding Payment Date. Annex A - 7
Sample 1

Related to Class A-4 Note Interest

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

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

  • 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 Notes means the Class A-4 3.44% Asset-Backed Notes, substantially in the form of Exhibit A-4 to the Indenture.

  • 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 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 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).

  • 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.

  • 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 ___% Asset Backed Notes, Class A-4, issued under the Indenture.

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

  • 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].

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

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Initial Class A-4 Note Balance means $125,000,000.

  • Class A-4 Noteholder means the Person in whose name a Class A-4 Note is registered in the Note Register.

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

  • 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.

  • Class C Note Rate means 3.48% per annum.

  • 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.

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