Class A Note Interest Payment means, for the Class A Notes on each Payment Date, an amount equal to the product of (i) three and fifty-one hundredths percent (3.51%) per annum and (ii) the Aggregate Class A Note Principal Balance on the immediately preceding Payment Date, calculated after giving effect to all principal payments on the Class A Notes actually paid on such date (or, in the case of the first Payment Date, the Aggregate Class A Note Principal Balance on the Series 2014-1 Closing Date). The Class A Note Interest Payment will be calculated on the basis of a 360 day year consisting of twelve thirty day months. For the initial Payment Date, interest will be calculated for twenty-three (23) days representing the actual number of days elapsed from and including the Series 2014-1 Closing Date to (but excluding) the initial Payment Date for the Class A Notes.

Class A Note Interest Payment means for each Payment Date and each Series 2001-1 Noteholder, an amount equal to the sum, for each day during the immediately preceding calendar month ending on the immediately preceding day, of an amount equal to the product of (i) the principal amount of each Class A Advance, (ii) a rate equal to the sum of (x) the Alternative Rate on such day and (y) the Applicable Margin, and (iii) 1/360, in the case of the Adjusted Eurodollar Rate, or 1/365 or 1/366, as applicable, in the case of the Base Rate. The Deal Agent shall, by not later than the fifth (5th) Business Day proceeding each Payment Date, deliver to each of the Issuer and the Manager a calculation of the Class A Note Interest Payment payable on such Payment Date.

Class A Note Interest Payment means, for the Class A Notes on each Payment Date, an amount equal to the product of (i) two and eighty-three hundredths of one percent (2.83%), (ii) the Aggregate Class A Note Principal Balance on the immediately preceding Payment Date, calculated after giving effect to all principal payments on the Class A Notes actually paid on such date (or, in the case of the first Payment Date, the Aggregate Class A Note Principal Balance on the Series 2013-1 Closing Date) and (iii) a fraction, the numerator of which is 30 (or, the case of the first Payment Date, 23) and the denominator of which is 360. For the sake of clarity, (A) interest on the Class A Notes will accrue from the Series 2013-1 Closing Date to, but excluding, the initial Payment Date (for the initial Payment Date), and thereafter from and including each Payment Date, to, but excluding, the next Payment Date (for each subsequent Payment Date) and (B) interest on the Class A Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day periods.

Examples of Class A Note Interest Payment in a sentence

For purposes of calculating the Class A Note Interest Payment, the Class A Note Principal Balance shall at all times be equal to the sum of all Class A Loans then outstanding.
Any Person making a payment to any Class A Noteholder of Class A Note Interest Payment, Scheduled Principal Payment Amount or Commitment Fees shall be considered as having been paid by the Issuer to the Series 2001-1 Noteholder for all purposes of this Supplement.
To the extent that the amount of the Class A Note Interest Payment and/or the Class B Note Interest Payment that is due on any Payment Date is not paid when due, such shortfall, together with interest thereon at the applicable Default Rate, shall be due and payable on the next succeeding Payment Date.
For purposes of calculating the Class A Note Interest Payment, the Class A Note Principal Balance shall at all times be equal to the sum of all Loans then outstanding.

More Definitions of Class A Note Interest Payment

Class A Note Interest Payment. This term shall have the meaning set forth in Section 101 of the Series 2001-1 Supplement.

Class A Note Interest Payment. For any Payment Date, an amount equal to the product of (i) the number of days in the applicable Interest Period divided by 360, (ii) the Interest Rate for the immediately preceding Interest Period and (iii) the Class A Note Principal Balance on the immediately preceding Payment Date (or, in the case of the first Payment Date, on the Closing Date), after giving effect to any payments of Class A Note Principal Payments and Class A Note Principal Arrearage paid on such preceding Payment Date.

Class A Note Interest Payment means, for the Class A Notes on each Payment Date, an amount equal to the product of (i) three and fifty-five hundredths of one percent (3.55%) per annum and (ii) the Aggregate Class A Note Principal Balance on the immediately preceding Payment Date, calculated after giving effect to all principal payments on the Class A Notes actually paid on such date (or, in the case of the first Payment Date, the Aggregate Class A Note Principal Balance on the Series 2013-2 Closing Date). The Class A Note Interest Payment will be calculated on the basis of a 360 day year consisting of twelve thirty day months. For the initial Payment Date, interest will be calculated for forty-three (43) days representing the actual number of days elapsed from and including the Series 2013-2 Closing Date to (but excluding) the initial Payment Date for the Class A Notes.

Class A Note Interest Payment means the amount of interest payable to the Class A Noteholders pursuant to the provisions of Section 202(a) hereof.

Class A Note Interest Payment means, as of any Payment Date, the amount of Interest accrued on the Class A Loans during the immediately preceding Interest Accrual Period.

Class A Note Interest Payment. For the Class A Notes on each Payment Date, an amount equal to the product of (i) two and twenty-two hundredths percent (2.22%) per annum, (ii) the Aggregate Class A Note Principal Balance on the immediately preceding Payment Date, calculated after giving effect to all principal payments on the Class A Notes actually paid on such date (or, in the case of the first Payment Date, the Aggregate Class A Note Principal Balance on the Closing Date) and (iii) one twelfth (or, in the case of the first Payment Date, the number of days in the first Interest Accrual Period divided by 360).

Class A Note Interest Payment means, as of any Payment Date, the amount of any accrued and unpaid interest as of the end of the immediately preceding Interest Accrual Period. "CLASS A NOTE PRINCIPAL BALANCE" means an amount equal to the excess of (x) the sum of (A) the outstanding principal balance of the Class A Notes on the Closing Date plus (B) the principal balance of all Loans made subsequent to the Closing Date, over (y) all amounts paid to the Purchasers representing the sum of the following, to the extent actually received by the Purchasers: (i) Class A Note Principal Payments, (ii) Prepayments paid to the Purchasers, and (iii) repayments of the Class A Note Principal Balance made pursuant to Section 2.4(c) hereof.