Class D Interest definition

Class D Interest means, for any Tranche of Class D Notes for any Distribution Date, unless otherwise specified in the applicable Terms Document, the amount of interest accrued on the Outstanding Dollar Principal Amount of such Tranche, calculated at the Note Interest Rate and in accordance with the calculation basis specified in the Terms Document for such Tranche, for the Monthly Interest Accrual Period ending on such Distribution Date (or, if applicable, ending after such Distribution Date but prior to the next Distribution Date).

Class D Interest. Each of the Class D-1 and Class D-2 Interests.

Class D Interest means, with respect to any Partner, the interest in the Partnership which is reflected by that Partner’s Class D Amount, Class D Capital Contributions and its right to all residual Net Income, Net Loss and distributions not otherwise allocated to the Class B Interests or the Class C Interests, plus any voting or other rights related to these interests.

Examples of Class D Interest in a sentence

• For the purposes of calculating the Class D Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

• In the event of a shortfall, the Issuer shall debit the Class D Interest Deficiency Ledger with an amount equal to the amount by which the aggregate amount of interest paid on the Class D Notes on any Notes Payment Date in accordance with this Condition falls short of the aggregate amount of interest payable on the Class D Notes on that date pursuant to Condition 4.

• The Class D Interest Allocation Shortfall and the Reallocated Finance Charge Amounts shall be reduced by the amount of such deposit.

• In the event of a shortfall, the Issuer shall credit the Class D Interest Deficiency Ledger with an amount equal to the amount by which the aggregate amount of interest paid on the Junior Class D Notes on any Quarterly Payment Date in accordance with this Condition falls short of the aggregate amount of interest payable on the Junior Class D Notes on that date pursuant to Condition 4.

• The amount deposited into the Interest Funding Account pursuant to this step (8) shall be allocated to each Tranche of Class D Notes pro rata based on the ratio of the Class D Tranche Interest Allocation to the Class D Interest Allocation and deposited into the applicable Interest Funding Subaccount for such Tranche.

More Definitions of Class D Interest

Class D Interest means the Class of Investor Certificates designated as "Providian Master Trust, Class D Interest, Series 2000-2" pursuant to Section 1.01(a).

Class D Interest means, with respect to the Class D(2009-1) Notes, 0%.

Class D Interest means all of the interests, rights and obligations of CPP/LP (and its permitted successors and assigns) as a limited Partner in the Company, including (a) an initial 24.5% Percentage Interest (or such other Percentage Interest as may be owned by CPP/LP following the consummation of the transactions described in Section 2.10); (b) all of the other rights attributable to the Class D Interest under this Agreement; and (c) all of the obligations attributable to the Class D Interest under this Agreement.

Class D Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with the instructions from the Servicer, shall deposit in the Interest Funding Account for distribution to the Class D Securityholders on the next Distribution Date, to the extent of any Available Series 1998-2 Finance Charge Collections remaining after giving effect to the applications pursuant to subsections 4.9(a)(i) through (xii) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1998-2 Finance Charge Collections and (y) the sum of (1) the amount of interest which has accrued with respect to the Class D Securities on the Class D Outstanding Principal Amount at the applicable Class D Interest Rate but which has not been deposited into the Interest Funding Account on any prior Business Day or paid to the Class D Securityholders and (2) any additional interest (to the extent permitted by applicable law) at the Class D Interest Rate on interest that was payable during a prior Monthly Period pursuant to this subsection but was not deposited in the Interest Funding Account or paid to the Class D Securityholders. Revolving Receivables Reserve Account. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall deposit in the Revolving Receivables Reserve Account, to the extent of any Available Series 1998-2 Finance Charge Collections remaining after giving effect to the applications pursuant to subsections 4.9(a)(i) through (xiii) of the Agreement an amount equal to the lesser of (x) any such remaining Available Series 1998-2 Finance Charge Collections and (y) an amount equal to the excess, if any, of the Specified Revolving Receivables Reserve Amount on such date over the amount then on deposit in the Revolving Receivables Reserve Account.

Class D Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with the instructions from the Servicer, shall deposit in the Interest Funding Account for distribution to the Class D Securityholders on the next Distribution Date, an amount equal to the lesser of (x) any Available Series 1998-3 Finance Charge Collections remaining after giving effect to the applications pursuant to subsections 4.9(a)(i) through (xvi) and (y) the sum of (1) the amount of interest which has accrued with respect to the Class D Securities on the Class D Outstanding Principal Amount at the applicable Class D Interest Rate but which has not been deposited into the Interest Funding Account on any prior Business Day or paid to the Class D Securityholders and (2) any additional interest (to the extent permitted by applicable law) at the Class D Interest Rate on interest that was payable during a prior Monthly Period pursuant to this subsection but was not deposited in the Interest Funding Account or paid to the Class D Securityholders.

Class D Interest means, for any Tranche of Class D Notes for any Monthly Interest Accrual Period, the amount of interest accrued on the Outstanding Dollar Principal Amount of such Tranche, calculated at the rate and in accordance with the calculation basis specified in the Terms Document for such Tranche, for the period from and including the first day of such Monthly Interest Accrual Period to and including the last day of such Monthly Interest Accrual Period.

Class D Interest means an Interest issued pursuant to Section 3.1(c)(i), 3.1(c)(ii), 3.2(b), or 3.1(c)(iii), respectively.