Class M Additional Interest definition
Class M Additional Interest is defined in Section 4.2(b).
Class M Additional Interest means that portion of the interest payable in respect of the Class M Subordinated Notes pursuant to Condition 6(a)(ii) (Class M Subordinated Notes)
Class M Additional Interest means the sum of the Class M-1 Additional Interest and the Class M-2 Additional Interest.
Examples of Class M Additional Interest in a sentence
Notwithstanding anything to the contrary herein, Class M Additional Interest shall be payable or distributed to the Class M Noteholders only to the extent permitted by applicable law.
Notwithstanding anything to the contrary herein, the portion of Carryover Class M Interest that constitutes Class M Additional Interest shall be payable or distributable to Class M Securityholders only to the extent permitted by applicable law.
Notwithstanding anything to the contrary herein, Class M Additional Interest shall be payable or distributed to Class M Securityholders only to the extent permitted by applicable law.
More Definitions of Class M Additional Interest
Class M Additional Interest equal to the product of (i) (A) a fraction, the numerator of which is 30 and the denominator of which is 360, times (B) the Class M Note Interest Rate in effect with respect to the related Distribution Period plus 2% per annum and (ii) such Class M Deficiency Amount (or the portion thereof which has not been paid to the Class M Noteholders) shall be payable as provided herein with respect to the Class M Notes. Notwithstanding anything to the contrary herein, Class M Additional Interest shall be payable or distributed to the Class M Noteholders only to the extent permitted by applicable law.
Class M Additional Interest shall have the meaning specified in subsection 4.6(b) of the Agreement.