Class B Noteholders’ Interest Distribution Amount definition
Class B Noteholders’ Interest Distribution Amount means, for any Distribution Date, the sum of (1) the amount of interest accrued at the Class B Rate for the related Accrual Period on the Outstanding Amount of the Class B Notes on the immediately preceding Distribution Date(s) (or, in the case of the first Distribution Date, the Closing Date), after giving effect to all principal distributions to Class B Noteholders on that preceding Distribution Date, and (ii) the Class B Note Interest Shortfall for that Distribution Date.
Class B Noteholders’ Interest Distribution Amount means, for any Quarterly Distribution Date, the sum of:
Class B Noteholders’ Interest Distribution Amount means, with respect to any Distribution Date, the sum of (i) the amount of interest accrued at the Class B Rate for the related Accrual Period on the Outstanding Amount of the Class B Notes on the immediately preceding Distribution Date (or, in the case of the first Distribution Date, on the Closing Date) after giving effect to all principal distributions to Class B Noteholders on such date and (ii) the Class B Note Interest Shortfall for such Distribution Date.
Examples of Class B Noteholders’ Interest Distribution Amount in a sentence
Interest accrued with respect to Class B Notes shall not be paid on a Quarterly Distribution Date on which a Subordinate Interest Trigger Event exists (except from funds in the Capitalized Interest Fund in accordance with Section 4.15 of the Indenture); provided, however, that the calculation of the Class B Noteholders’ Interest Distribution Amount with respect to such Quarterly Distribution Date shall not be affected by the occurrence of a Subordinate Interest Trigger Event on such date.
More Definitions of Class B Noteholders’ Interest Distribution Amount
Class B Noteholders’ Interest Distribution Amount shall have the meaning assigned to such term in a Supplemental Indenture.
Class B Noteholders’ Interest Distribution Amount means, with respect to any Auction Rate Distribution Date for the Class B-1 Notes, the sum of (a) the amount of interest accrued at the Class B Rate for the related Interest Accrual Period on the Outstanding Amount of the Class B-1 Notes immediately prior to such Auction Rate Distribution Date; and (b) the Class B Note Interest Shortfall for such Auction Rate Distribution Date, as based on the actual number of days in such Interest Accrual Period divided by 360 and rounding the resultant figure to the fifth decimal place, as determined by the Administrator.