Exchange Note Interest Period definition

Exchange Note Interest Period means, with respect to any Exchange Note and any Payment Date, except as otherwise specified in the related Exchange Note Supplement, the period from and including the last Payment Date to but excluding such Payment Date.

Exchange Note Interest Period means, for the 2015-A Exchange Note:

Exchange Note Interest Period means for the 2023-1 Exchange Note and with respect to any Payment Date, the period from and including the most recent Payment Date on which interest has been paid on the 2023-1 Exchange Note (or in the case of the first Payment Date, from and including the 2023-1 Closing Date) to, but excluding, the following Payment Date.

Examples of Exchange Note Interest Period in a sentence

• The 2025-A Exchange Note will accrue interest on its Exchange Note Balance for each Exchange Note Interest Period until the Exchange Note Balance has been paid in full at a rate per annum equal to the Exchange Note Interest Rate for that Exchange Note Interest Period.

• Interest on the 2025-A Exchange Note will be calculated for each Exchange Note Interest Period on the basis of the actual number of days elapsed and a 360-day year.

• Interest on the 2025-A Exchange Note for each Exchange Note Interest Period will be due and payable on the related Payment Date.

• The amount of interest due on this 2025-1 Exchange Note on each Payment Date will be calculated on the basis of the Exchange Note Balance outstanding on each day of such Exchange Note Interest Period (after giving effect to all payments of principal made on the preceding Payment Date), and will be subject to certain limitations contained in Section 2.4 of the Exchange Note Supplement.

More Definitions of Exchange Note Interest Period

Exchange Note Interest Period has, for an Exchange Note, the meaning stated in the related Exchange Note Supplement.

Exchange Note Interest Period means, with respect to the 20[__]-[_] Exchange Note and any Payment Date, the period from and including the 15th day of the month in which the preceding Payment Date occurred (or, in the case of the first Payment Date or if no interest has yet been paid, from and including the 20[__]-[_] Closing Date) to but excluding the 15th day of the month in which such Payment Date occurs.

Exchange Note Interest Period means, with respect to the 201[__]-[__] Exchange Note and any Payment Date, the related Collection Period.

Exchange Note Interest Period means, with respect to the 201[__]-[__] Exchange Note and any Payment Date, the period [from and including the previous Payment Date (or, in the case of the first Payment Date or if no interest has yet been paid, from and including the 201[__]-[__] Closing Date) to, but excluding, the related Payment Date] [from and including the 15th day of the month in which the preceding Payment Date occurred (or, in the case of the first Payment Date or if no interest has yet been paid, from and including the 201[__]-[__] Closing Date) to but excluding the 15th day of the month in which such Payment Date occurs].

Exchange Note Interest Period means, for the 20__-_ Exchange Note: