Class A Interest Amount definition

Class A Interest Amount means, for each Interest Accrual Period, an amount equal to the product of (i) the Class A Note Interest Rate as of the first (1st) day of such Interest Accrual Period, (ii) the Outstanding Principal Balance of the Class A Notes as of the first (1st) day of such Interest Accrual Period (after giving effect to all distributions made on such day), and (iii) a fraction, the numerator of which is the number of days in such Interest Accrual Period and the denominator of which is 360.

Class A Interest Amount. For any Distribution Date and for a particular Group, the sum of the related Class A Subclass Interest Amounts for such Distribution Date.

Class A Interest Amount means the amount to be paid by the Swap Counterparty to the Issuer in respect of the Class A-[__] Notes on any Payment Date, which will be the amount of interest that accrued on the Class A-[__] Notional Amount at the Class A-[__] Interest Rate from the preceding Payment Date to such current Payment Date.]

Examples of Class A Interest Amount in a sentence

• If any Class A Interest Amount remains unpaid after three (3) Business Days following the relevant Payment Date during the Revolving Period or the Normal Redemption, an Accelerated Redemption Event shall occur.

• If the Calculation Agent determines that any Class A Interest Amount Arrears will arise on a Payment Date, notice to this effect will be given to the Issuer, the Paying Agents, the Representative of the Noteholders, the Irish Stock Exchange and any other relevant stock exchange and (if so required by the rules of the relevant stock exchange) will cause the same to be published in accordance with Condition 13 (Notices) one Business Day prior to such Payment Date.

• The Class A Notes will rank in priority to the Class B Notes.(ii) Payments of interest on the Class A Notes and any Additional Interest Amounts (whether positive or negative, but if negative the sum of the Class A Interest Amount and the Additional Interest Amount shall be no lower than zero) will rank pro rata and pari passu between themselves and in priority to payments of interest on the Class B Notes and payments of interest on the Class B Notes will rank pro rata and pari passu among themselves.

• For the avoidance of doubt, any shortfall in the Class A Interest Amount shall represent an Issuer Event of Default.

• Any shortfall in the Class A Interest Amount or in the Class B Interest Amount according to the applicable Priority of Payments on a Payment Date will not be payable on that Payment Date but will become payable on subsequent Payment Dates if and to the extent that funds may be used for this purpose in accordance with the applicable Priority of Payments.

More Definitions of Class A Interest Amount

Class A Interest Amount means, as to any Payment Date, the sum of the Class A-1 Interest Amount and the Class A-2 Interest Amount.

Class A Interest Amount means, as to any Distribution Date, an amount equal to the sum of (i) the amount of interest accrued at the [Class [A]] Certificate Rate for the related Collection Period on the [Class [A]] Certificate Principal Balance on the immediately preceding Distribution Date, (or, in the case of the first Distribution Date, on the Closing Date), after giving effect to all distributions on such"[Class [A]] Certificate Rate" means [[ ]% per annum] [insert Class [A] interest formula]. prior Distribution Date, and (ii) any unpaid [Class [A]] Interest Amounts from prior Distribution Dates, together with interest thereon, to the extent permitted by law, at the [Class [A]] Certificate Rate. "[Class [B]] Certificate" means any one of the certificates issued by the Trust and executed and authenticated by the Trustee substantially in the form attached hereto as Exhibit B.

Class A Interest Amount has the meaning specified in Section 4.8(a) of this Supplement.

Class A Interest Amount. On each Floating Rate Payer Payment Date, Party B will pay to Party A the Outstanding A$ Class A Interest Amount in relation to that Floating Rate Payer Payment Date

Class A Interest Amount means the Interest Amount payable in respect of each Class A Note for any Interest Period calculated in accordance with Condition 4(d) (Calculations) subject, in respect of the Class A1 Notes only and for the purposes of the Interest Priority of Payments, to reduction (if any) by operation of clause 9 of the Note Purchase Agreement in relation to the Class A1 Notes in respect of any negative Additional Class A1 Funding Amount for such Interest Period notified by the Conduit Agent to the Calculation Agent.

Class A Interest Amount means, for any period of time, an amount of interest on the Class A Loans equal to the amount that would accrue to the Class A Loans during such period if the applicable interest rate for the Class A Loans were equal to the Class A Adjusted Rate and not the Interest Rate (but otherwise as calculated in accordance with Section 2.5 hereof).

Class A Interest Amount means, on any Payment Date, the higher of: