Class B Monthly Interest Amount means, with respect to any Series 2022-5 Interest Period, an amount equal to the Class Interest Amount for the Class B Notes.
Class B Monthly Interest Amount means, with respect to any Interest Payment Date, an amount equal to the product of (calculated for each day during the related Interest Period) (a) the Class B Interest Rate, (b) the Class B Revolving Loans outstanding on such day and (c) a fraction the numerator of which is equal to (x) the actual number of days comprising the related Interest Period and the denominator of which is equal to (y) 360.
Class B Monthly Interest Amount means, for any Payment Date, the amount of interest accrued during the related Interest Period at the Class B Interest Rate on the Class B Note Balance as of the close of business on the immediately preceding Payment Date, calculated on the basis of a 360-day year consisting of twelve 30-day months (or in the case of the Initial Payment Date, the period from (and including) the Closing Date to (but excluding) the Initial Payment Date).
Examples of Class B Monthly Interest Amount in a sentence
For the avoidance of doubt, Class B CP True-Up Payment Amounts, if any, shall be paid in accordance with Section 5.3 as a component of the Class B Monthly Interest Amount.
For the avoidance of doubt, Class B CP True-Up Payment Amounts, if any, shall be paid in accordance with Sub-Clause 5.3 as a component of the Class B Monthly Interest Amount.
On each Payment Date, the Class B Monthly Interest Amount with respect to such Payment Date shall be paid in accordance with the provisions hereof.
The Class B Notes shall bear interest at the Class B Note Rate in accordance with the definition of Class B Monthly Interest Amount.
The Borrower shall pay the Class A Monthly Interest Amount on the unpaid Principal Amount of each Class A Loan and the Class B Monthly Interest Amount on the unpaid Principal Amount of each Class B Loan, in each case, for the period from the related Advance Date until the date that such Loan shall be paid in full.
More Definitions of Class B Monthly Interest Amount
Class B Monthly Interest Amount means, with respect to any Payment Date, an amount equal to the sum of:
Class B Monthly Interest Amount means, with respect to any Payment Date, an amount equal to the sum of: (i) the Class B Daily Interest Amount for each day in the Series 2013-B Interest Period ending on the Determination Date related to such Payment Date; plus (ii) all previously due and unpaid amounts described in clause (i) with respect to prior Series 2013-B Interest Periods (together with interest on such unpaid amounts required to be paid in this clause (ii) at the Class B Note Rate); plus (iii) the Class B Undrawn Fee with respect to each Class B Investor Group for such Payment Date; plus (iv) the Class B Program Fee with respect to each Class B Investor Group for such Payment Date; plus (v) the Class B CP True-Up Payment Amounts, if any, owing to each Class B Noteholder on such Payment Date.
Class B Monthly Interest Amount means, (a) with respect to the initial Series 2016-2 Interest Period, an amount equal to the product of (i) the Class B Note Rate, (ii) the Class B Initial Principal Amount, and (iii) 44/360, and (b) with respect to each Series 2016-2 Interest Period thereafter, an amount equal to sum of (i) the product of (A) one-twelfth of the Class B Note Rate, and (B) the Class B Principal Amount as of the first day of such Series 2016-2 Interest Period, after giving effect to any principal payments made on such date, plus (ii) the aggregate amount of any unpaid Class B Deficiency Amounts, after giving effect to all payments made on the preceding Payment Date (together with any accrued interest on such Class B Deficiency Amounts at the Class B Note Rate).
Class B Monthly Interest Amount means, with respect to any Payment Date, an amount equal to the sum of: (i) the Class B Daily Interest Amount for each day in the Series 2013-A Interest Period ending on the Determination Date related to such Payment Date; plus (ii) all previously due and unpaid amounts described in clause (i) with respect to prior Series 2013-A Interest Periods (together with interest on such unpaid amounts required to be paid in this clause (ii) at the Class B Note Rate); plus (iii) the Class B Undrawn Fee with respect to each Class B Investor Group for such Payment Date; plus (iv) the Class B Program Fee with respect to each Class B Investor Group for such
Class B Monthly Interest Amount means, with respect to any Series 2023-3 Interest Period, an amount equal to the Class Interest Amount for the Class B Notes.
Class B Monthly Interest Amount means, (a) with respect to the initial Series 2016-1 Interest Period, an amount equal to the product of
Class B Monthly Interest Amount means, (a) with respect to the initial Series 2018-1 Interest Period, an amount equal