Class B Interest Payment definition

Class B Interest Payment means (a) for the initial Payment Date after the Series 2014-1 Closing Date, the product of (i) 1/360 of the Class B Note Rate, (ii) the number of days from and including the Series 2014-1 Closing Date to and excluding the 17th day of the calendar month in which the initial Payment Date occurs (calculated on the basis of a 360-day year consisting of twelve 30-day months) and (iii) the Initial Class B Invested Amount and (b) for any subsequent Payment Date, the sum of (i) the product of (x) one-twelfth of the Class B Note Rate and (y) the Class B Invested Amount on the immediately preceding Payment Date (after giving effect to all payments of principal of the Class B Notes on such immediately preceding Payment Date) and (ii) the portion, if any, of the Class B Interest Payment for the immediately preceding Payment Date that was not paid on such Payment Date, together with interest thereon (to the extent permitted by law) at the Class B Note Rate.
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Class B Interest Payment means, on any Quarterly Payment Date, the Floating Amounts payable by Party A under paragraph 5.1 of this Confirmation, as adjusted (if appropriate) in accordance with paragraph 5.3 of this Confirmation.
Sample 1

Examples of Class B Interest Payment in a sentence

  • The Liquidity Reserve will be available to pay interest on the Class A Notes and the Class B Notes and senior expenses ranking in priority thereto from the Closing Date up to and including the Final Class B Interest Payment Date.

  • The Liquidity Reserve will cover, inter alia, the risk of delayed payment or non-payment in respect of the Purchased Receivables and, from the Closing Date to and including the Final Class B Interest Payment Date, will be used towards paying items (a) to (g) of the Pre-Acceleration Revenue Priority of Payments.

  • On the Final Class B Interest Payment Date, amounts not exceeding the Liquidity Reserve Required Amount on the immediately preceding Interest Payment Date may be applied as Available Principal Receipts and shall be applied in accordance with the Pre-Acceleration Principal Priority of Payments to the extent required to redeem the Class B Notes and thereafter any excess shall continue to be applied in accordance with the Pre- Acceleration Revenue Priority of Payments.

  • While on the subject of medical provision though not strictly related to Westerham, WTC notes with concern that the sites of both local minor accident centres (Edenbridge and Sevenoaks hospitals) are included as potential housing sites.

  • In respect of each Class B Note, the Class B Interest will be due and payable on each Interest Payment Date other than any Interest Payment Date: (a) falling on or after the date on which notice is given that the Class A Notes and the Class B Notes are to become due and repayable at the Early Redemption Amount; or (b) falling after an Autocall Date in respect of which an Autocall Event has occurred (such payment conditions, the "Class B Interest Payment Conditions").

  • The total Euro amount payable as interest on a Class B Notes in respect of a Class B Interest Payment Amount shall be equal to the aggregate of the Class B Daily Interest Payment Amounts in such Interest Period (the “Class B Interest Payment Amount”).

  • For the purpose of determining the Class B Rate of Interest to be applied to determine the Class B Interest Payment Amount payable on the Class B Notes on a Payment Date with respect to the days from the relevant Calculation Date (included) to such Payment Date (excluded), the Paying Agent shall apply the Class B Rate of Interest applicable on the relevant Calculation Date (the “ Class B Estimated Amount”).

  • If UBS AG, as Issuer of the Class B Attributable Warrants, fails to make payment of any Additional Interim Payments under the Class B Attributable Warrants on the relevant Class B Warrant Interim Payment Date, no payment of interest in respect of the Class B Securities will be paid on the related Class B Interest Payment Date.

  • Fordham, especially under its new president, has devoted considerable attention and collective energy to self-evaluation.

  • The Cash Allocation, Management and Payments Agreement also contains certain provisions relating to, inter alia, the calculation (by the Calculation Agent) and the payment (by the Paying Agent) of principal, Class A Interest Payment Amount, Additional Amounts in respect of the Notes, if any, and Class B Interest Payment Amount and Variable Return in respect of the Class B Notes.

Related to Class B Interest Payment

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Interest Payment means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

  • Interest Payments With respect to any Purchased Asset, all payments of interest, income, receipts, dividends, and any other collections and distributions received from time to time in connection with any such Purchased Asset.

  • Interest Payment Dates July 1, October 1, January 1 and April 1. Record Dates: June 15, September 15, December 15 and March 15. Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

  • Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • Compulsory Interest Payment Date means any Interest Payment Date unless at the Assemblée Générale of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year ended immediately prior to such Assemblée Générale, no resolution was passed to pay a dividend on the ordinary share capital of the Issuer in respect of such previous fiscal year and

  • Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on the Class B Notes at the interest rate for such Class on the Outstanding Amount of the Notes of such Class on the immediately preceding Payment Date (or, in the case of the initial Payment Date, on the Closing Date), after giving effect to all payments of principal to the Noteholders of such Class on or prior to such preceding Payment Date. For all purposes of this Agreement and the Basic Documents, interest with respect to all Class B Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest due on these Classes of notes on each Payment Date will be the product of: · the Outstanding Principal Balance of the Class B Notes; · the Class B Interest Rate; and · 30 (or, in the case of the initial Payment Date, 26) divided by 360.

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

  • Class B Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.