Note Class Interest Distributable Amount. With respect to any class of Notes and any Distribution Date, the product of (i) the outstanding principal balance of such class of Notes as of the close of the preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance of such class of Notes on the Closing Date) and (ii) (a) in the case of the Notes, other than the Class A-1 Notes, one-twelfth of the Interest Rate for such class (or, in the case of the first Distribution Date, the Interest Rate for such class multiplied by a fraction, the numerator of which is 15 and the denominator of which is 360) and (b) in the case of the Class A-1 Notes, the product of the Interest Rate for such class of Notes for such Distribution Date and a fraction, the numerator of which is the number of days elapsed from and including the prior Distribution Date (or, in the case of the first Distribution Date, from and including the Closing Date), to but excluding that Distribution Date and the denominator of which is 360. Note Depository: The depository from time to time selected by the Indenture Trustee on behalf of the Issuing Entity in whose name the Notes are registered prior to the issue of Definitive Notes. The first Note Depository shall be Cede & Co., the nominee of the initial Clearing Agency.
Note Class Interest Distributable Amount. With respect to any class or tranche of Notes and any Distribution Date, the product of (i) the outstanding principal balance of such class or tranche of Notes as of the close of the preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance of such class or tranche of Notes on the Initial Closing Date) and (ii) in the case of (a) the Fixed Rate Notes,one-twelfth (1/12th) of the Interest Rate for such class or tranche (or, in the case of the first Distribution Date, the Interest Rate for such class or tranche multiplied by a fraction, the numerator of which is 30 and the denominator of which is 360) and (b) the Floating Rate Notes, the product of the Interest Rate for such tranche of Notes for such Distribution Date and a fraction, the numerator of which is the number of days elapsed from and including the prior Distribution Date (or, in the case of the first Distribution Date, from and including the Initial Closing Date), to but excluding that Distribution Date and the denominator of which is 360. Note Depository: The depository from time to time selected by the Indenture Trustee on behalf of the Issuing Entity in whose name the Notes are registered prior to the issue of Definitive Notes. The first Note Depository shall be Cede & Co., the nominee of the initial Clearing Agency.
Note Class Interest Distributable Amount. With respect to any class of Notes and any Distribution Date, the product of (i) the outstanding principal balance of such class of Notes as of the close of the preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance of such class of Notes on the Closing Date) and (ii) in the case of (a) the Fixed Rate Notes, other than the Class A-1 Notes, one-twelfth of the Interest Rate for such class (or, in the case of the first Distribution Date, the Interest Rate for such class multiplied by a fraction, the numerator of which is 30 and the denominator of which is 360) and (b) in the case of the Class A-1 Notes and the Floating Rate Notes, the product of the Interest Rate for such class of Notes for such Distribution Date and a fraction, the numerator of which is the number of days elapsed from and including the prior Distribution Date (or, in the case of the first Distribution Date, from and including the Closing Date), to but excluding that Distribution Date and the denominator of which is 360. Note Depository: The depository from time to time selected by the Indenture Trustee on behalf of the Issuing Entity in whose name the Notes are registered prior to the issue of Definitive Notes. The first Note Depository shall be Cede & Co., the nominee of the initial Clearing Agency.
Examples of Note Class Interest Distributable Amount in a sentence
For each class of notes, interest will be payable on eachdistribution date in an amount equal to the Note Class Interest Distributable Amount for that distribution date.
More Definitions of Note Class Interest Distributable Amount
Note Class Interest Distributable Amount. With respect to any class of Notes and any Distribution Date, the product of (i) the outstanding principal balance of such class of Notes as of the close of the preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance of such class of Notes on the Initial Closing Date) and (ii) in the case of (a) the Fixed Rate Notes, one-twelfth (1/12th) of the Interest Rate for such class (or, in the case of the first Distribution Date, the Interest Rate for such class multiplied by a fraction, the numerator of which is 23 and the denominator of which is 360) and (b) the Floating Rate Notes, the product of the Interest Rate for such class of Notes for such Distribution Date and a fraction, the numerator of which is the number of days elapsed from and including the prior Distribution Date (or, in the case of the first Distribution Date, from and including the Initial Closing Date), to but excluding that Distribution Date and the denominator of which is 360.
Note Class Interest Distributable Amount. With respect to any class or tranche of Notes and any Distribution Date, the product of (i) the outstanding principal balance of such class or tranche of Notes as of the close of the preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance of such class of Notes on the Closing Date) and (ii) in the case of (a) the Fixed Rate Notes, other than the Class A-1 Notes,one-twelfth (1/12th) of the Interest Rate for such class or tranche (or, in the case of the first Distribution Date, the Interest Rate for such class or tranche multiplied by a fraction, the numerator of which is 34 and the denominator of which is 360) and (b) the Class A-1 Notes and the Floating Rate Notes, the product of the Interest Rate for such class or tranche of Notes for such Distribution Date and a fraction, the numerator of which is the number of days elapsed from and including the prior Distribution Date (or, in the case of the first Distribution Date, from and including the Closing Date), to but excluding that Distribution Date and the denominator of which is 360. Note Depository: The depository from time to time selected by the Indenture Trustee on behalf of the Issuing Entity in whose name the Notes are registered prior to the issue of Definitive Notes. The first Note Depository shall be Cede & Co., the nominee of the initial Clearing Agency.
Note Class Interest Distributable Amount. With respect to any Class of Notes (other than the Class XS Notes) and any Distribution Date, the product of (i) the outstanding principal amount of such Class of Notes as of the close of the preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance of such Class of Notes on the Closing Date) and (ii) (a) in the case of the Notes, other than the Class A-1 Notes, one-twelfth of the Interest Rate for such Class (or, in the case of the first Distribution Date, as set forth in Part IV to this Appendix A) and (b) in the case of the Class A-1 Notes, the product of the Interest Rate for such Class of Notes for such Distribution Date and a fraction, the numerator of which is the number of days elapsed from and including the prior Distribution Date (or, in the case of the first Distribution Date, from and including the Closing Date), to but excluding that Distribution Date and the denominator of which is 360. Note Depository: The depository from time to time selected by the Indenture Trustee on behalf of the Issuing Entity in whose name the Notes are registered prior to the issue of Definitive Notes. The first Note Depository shall be Cede & Co., the nominee of the initial Clearing Agency.
Note Class Interest Distributable Amount. With respect to any class [or tranche] of Notes and any Distribution Date, the product of (i) the outstanding principal balance of such class [or tranche] of Notes as of the close of the preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance of such class [or tranche] of Notes on the [Initial] Closing Date) and (ii) in the case of (a) the Fixed Rate Notes, [other than the Class A-1 Notes,] one-twelfth (1/12th) of the Interest Rate for such class or tranche (or, in the case of the first Distribution Date, the Interest Rate for such class or tranche multiplied by a fraction, the numerator of which is [ ] and the denominator of which is 360) and (b) in the case of the [Class A-1 Notes and the Floating Rate Notes], the product of the Interest Rate for such class [or tranche] of Notes for such Distribution Date and a fraction, the numerator of which is the number of days elapsed from and including the prior Distribution Date (or, in the case of the first Distribution Date, from and including the [Initial] Closing Date), to but excluding that Distribution Date and the denominator of which is 360. Note Depository: The depository from time to time selected by the Indenture Trustee on behalf of the Issuing Entity in whose name the Notes are registered prior to the issue of Definitive Notes. The first Note Depository shall be Cede & Co., the nominee of the initial Clearing Agency.
Note Class Interest Distributable Amount. With respect to any class or tranche of Notes and any Distribution Date, the product of (i) the outstanding principal balance of such class or tranche of Notes as of the close of the preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance of such class or tranche of Notes on the Closing Date) and (ii) in the case of (a) the Fixed Rate Notes, other than the Class A-1 Notes, one-twelfth of the Interest Rate for such class or tranche (or, in the case of the first Distribution Date, the Interest Rate for such class multiplied by a fraction, the numerator of which is 31 and the denominator of which is 360) and (b) in the case of the Class A-1 Notes and the Floating Rate Notes, the product of the Interest Rate for such class or tranche of Notes for such Distribution Date and a fraction, the numerator of which is the number of days elapsed from and including the prior Distribution Date (or, in the case of the first Distribution Date, from and including the Closing Date), to but excluding that Distribution Date and the denominator of which is 360.
Note Class Interest Distributable Amount. With respect to any Class of Notes (other than the Class XS Notes) and any Distribution Date, the product of (i) the outstanding principal amount of such Class of Notes as of the close of the preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance of such Class of Notes on the Closing Date) and (ii) one-twelfth of the Interest Rate for such Class (or, in the case of the first Distribution Date, the Interest Rate for such Class multiplied by a fraction, the numerator of which is 37 and the denominator of which is 360).
Note Class Interest Distributable Amount means, with respect to any Class of Notes (other than the Class XS Notes) and any Distribution Date, the product of (a) the outstanding principal amount of such Class of Notes as of the close of the preceding Distribution Date (or, in the case of the first Distribution Date, the outstanding principal balance of such Class of Notes on the Closing Date) and (b)(i) in the case of the Notes, other than the Class A-1 Notes, one-twelfth of the Interest Rate for such Class (or, in the case of the first Distribution Date, as set forth in Part IV to this Appendix A) and (ii) in the case of the Class A-1 Notes, the product of the Interest Rate for such Class of Notes for such Distribution Date and a fraction, the numerator of which is the number of days elapsed from and including the prior Distribution Date (or, in the case of the first Distribution Date, from and including the Closing Date), to but excluding that Distribution Date and the denominator of which is 360.