Class M Interest Amount definition

Class M Interest Amount. For any Distribution Date, the sum of the Class M Subclass Interest Amounts for such Distribution Date.

Class M Interest Amount means, with respect to any Distribution Date, an amount equal to interest accrued at the Class M Interest Rate on the Class M Principal Balance from the preceding Distribution Date (or, in the case of the first Distribution Date, from the Closing Date).

Class M Interest Amount means, on any Payment Date, (A / 360 x [B x C]), Class M Interest Rate means 6.50 per cent. per annum. Class M Notes or Class M Asset- Backed Fixed Rate Notes Class M Notes Outstanding Amount

Examples of Class M Interest Amount in a sentence

• CLASS M PRINCIPAL DISTRIBUTION AMOUNT - For any distribution date, an amount equal to the lesser of (i) the Available Distribution Amount remaining after payment of the Senior Interest Distribution Amount, the Senior Principal Distribution Amount and the Class M Interest Amount and (ii) the product of the related Class M Percentage and the Principal Distribution Amount.

• Mandatory Redemption of Class M Notes The Class M Notes shall be subject to mandatory redemption in part on each Payment Date commencing on the first Payment Date, in each case in an amount equal to the Senior Class M Interest Amount and Subordinated Class M Interest Amount available on such Payment Date subject to and in accordance with the Priorities of Payment on an available funds basis until the Principal AmountOutstanding thereof has been reduced to an amount equal to €1.00.

• Mandatory Redemption of Class M Notes The Class M Notes shall be subject to mandatory redemption in part on each Payment Date commencing on the first Payment Date, in each case in an amount equal to the Senior Class M Interest Amount and Subordinated Class M Interest Amount available on such Payment Date subject to and in accordance with the Priorities of Payment on an available funds basis until the Principal Amount Outstanding thereof has been reduced to an amount equal to €1.00.

More Definitions of Class M Interest Amount

Class M Interest Amount. As to any Distribution Date, the amount of interest accrued during the related Interest Accrual Period at the applicable Certificate Rate on the Class M Principal Amount minus (x) any Non-Supported Interest Shortfall allocated to the Class M CitiCertificates with respect to such Distribution Date and (y) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class M CitiCertificates with respect to such Distribution Date pursuant to Section 13.02(e).