Class RR Monthly Interest Amount definition

Class RR Monthly Interest Amount means, with respect to any Payment Date, an amount equal to the sum of: (i) the Class RR Daily Interest Amount for each day in the Series 2021-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 2021-A Interest Periods (together with interest on such unpaid amounts required to be paid in this clause (ii) at the Class RR Note Rate); plus (iii) the Class RR Program Fee for such Payment Date.
Class RR Monthly Interest Amount means, with respect to any Payment Date, an amount equal to the sum of: (i) the Class RR 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 RR Note Rate); plus (iii) the Class RR Undrawn Fee for such Payment Date; plus (iv) the Class RR Program Fee for such Payment Date.
Class RR Monthly Interest Amount means, (a) with respect to the initial Series 2018-1 Interest Period, an amount

Examples of Class RR Monthly Interest Amount in a sentence

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More Definitions of Class RR Monthly Interest Amount

Class RR Monthly Interest Amount means, (a) with respect to the initial Series 2018-1 Interest Period, an amount equal to the product of (i) the Class RR Note Rate, (ii) the Class RR Initial Principal Amount, and (iii) 31/360, and (b) with respect to each Series 2018-1 Interest Period thereafter, an amount equal to sum of (i) the product of (A) one-twelfth of the Class RR Note Rate, and (B) the Class RR Principal Amount as of the first day of such Series 2018-1 Interest Period, after giving effect to any principal payments made on such date, plus (ii) the aggregate amount of any unpaid Class RR Deficiency Amounts, after giving effect to all payments made on the preceding Payment Date (together with any accrued interest on such Class RR Deficiency Amounts at the Class RR Note Rate).

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