Class B Interest Payment Amount means, with respect to any Payment Date, the sum of the Class B Monthly Interest Payment Amount and the Class B Interest Carryover Shortfall for such Payment Date.
Class B Interest Payment Amount means (a) with respect to the initial Payment Date, the product of (i) 1/360 of the Class B Interest Rate times (ii) the number of days from and including the Closing Date to and excluding the 15th 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) times (iii) the Outstanding Amount of the Class B 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 B Interest Rate times (y) the Outstanding Amount of the Class B Notes as of 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 amount of Class B Interest Payment Amount payable on the prior Payment Date but not paid, if any, together with interest thereon (to the extent permitted by law) at the Class B Interest Rate.
Class B Interest Payment Amount means (i) for the initial Payment Date, the product of (a) one-twelfth of the Class B Interest Rate and (b) the Initial Class B Principal Balance and (ii) for any subsequent Payment Date, the product of (a) one-
Examples of Class B Interest Payment Amount in a sentence
With respect to the Class B Notes and the first Payment Date, [32] days of interest at the Class B Note Rate, and with respect to all other Payment Dates, 30 days of interest at the Class B Note Rate, in each case on the Class B Note balance as of the close of business on the last day of the related Collection Period ("Class B Interest Payment Amount").
The Class B Interest Payment Amount shall be calculated by applying any proportional reduction (calculated as described in the Agreement) to the amount of interest determined to have accrued on the Class B Certificates.
More Definitions of Class B Interest Payment Amount
Class B Interest Payment Amount means, for any Payment Date, an amount equal to the product of (x) 1/12th, (y) the Class B Note Rate and (z) the Class B Note Balance as of such Payment Date (without giving effect to any payments to be made on such Payment Date).
Class B Interest Payment Amount. With respect to any Payment Date, the sum of (i) for the initial Payment Date, 44 days of interest and for any Payment Date thereafter, 30 days of interest, in each case calculated on the basis of a 360-day year consisting of twelve 30-day months, at the Class B Interest Rate on the Class B Note Balance as of the close of business on the Cutoff Date (with respect to the initial Payment Date) or the related Accounting Date (with respect to each Payment Date after the initial Payment Date), plus (ii) any outstanding Class B Interest Carryover Shortfall with respect to the preceding Payment Date, plus 30 days of interest on such outstanding Class B Interest Carryover Shortfall, to the extent permitted by law, at the Class B Interest Rate. Class B Interest Rate: ___% per annum, calculated on the basis of a 360-day year consisting of twelve 30-day months.
Class B Interest Payment Amount. With respect to any Payment Date, the sum of the Class B Quarterly Interest Payment Amount for such Payment Date and the Class B Interest Carryover Shortfall for such Payment Date.
Class B Interest Payment Amount means, for any Payment Date, an amount equal to the product of (x) 1/12 (or with respect to the initial Payment Date, 34/360), (y) the Class B Note Rate and (z) the Class B Note Balance as of such Payment Date (without giving effect to any payments to be made on such Payment Date).
Class B Interest Payment Amount. With respect to any Payment Date, interest accrued from the prior Payment Date to and including the day immediately preceding such Payment Date, calculated on the basis of a 360-day year consisting of twelve 30-day months, at the Class B Interest Rate on the Class B Note Balance as of the close of business on the day preceding such Payment Date; provided, however, that the Class B Interest Payment Amount for the first Payment Date shall be interest accrued from the Closing Date to but excluding the first Payment Date at the Class B Interest Rate on the Class B Note Balance as of the Closing Date.
Class B Interest Payment Amount means: • with respect to the initial payment date, the product of (i) 1/360 of the Class B Interest Rate times (ii) the number of days from and including the closing date to and excluding the 15th 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) times (iii) the aggregate initial principal balance of the Class B notes as of the closing date; and • with respect to any subsequent payment date, the sum of (i) the product of (x) one-twelfth of the Class B Interest Rate times (y) the aggregate outstanding principal balance of the Class B notes as of 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 amount of Class B Interest Payment Amount payable on the prior payment date but not paid, if any, together with interest thereon (to the extent permitted by law) at the Class B Interest Rate.
Class B Interest Payment Amount. With respect to any Payment Date, an amount equal to 30 days of interest (or in the case of the first Payment Date, the number of days (on a "30/360" basis) from and including March 1, 1999, to but excluding April 19, 1999), calculated on the basis of a 360-day year consisting of twelve 30-day months, at the Class B Interest Rate on the Class B Note Balance as of the close of business on the related Accounting Date. Class B Interest Rate: 11.000% per annum, calculated on the basis of a 360-day year consisting of twelve 30-day months.