Periodic Interest Amount definition
Periodic Interest Amount means, with respect to each Payment Date and any Class of Secured Notes, the aggregate amount of interest accrued at the Applicable Periodic Rate during the related Periodic Interest Accrual Period on the sum of (i) the Aggregate Principal Amount of such Class, plus (ii) any Defaulted Interest or Cumulative Periodic Rate Shortfall Amount for such Class, in each case as of the first day of such Periodic Interest Accrual Period (after giving effect to any payment of principal, Defaulted Interest or Cumulative Periodic Rate Shortfall Amount of such Class on such first day, if applicable).
Periodic Interest Amount means, with respect to each Payment Date and any Class of Secured Notes, the aggregate amount of interest accrued at the Applicable Periodic Rate during the related Periodic Interest Accrual Period on the sum of (i) the Aggregate Principal Amount of such Class, plus (ii) any Defaulted Interest or Cumulative Periodic Rate Shortfall Amount for such Class, in each case as of the first day of such Periodic Interest Accrual Period (after giving effect to any payment of principal, Defaulted Interest or Cumulative Periodic Rate Shortfall Amount of such Class on such first day, if applicable); provided that, interest payable on each Class of Secured Notes (other than the Class X Notes) on the Payment Date in April 2017 shall equal the sum of the amount (calculated daily on the basis of a year of 360 days and actual days elapsed) of: (a) for the portion of the First Refinancing Note Interest Accrual Period to, but excluding, the 2016 Refinancing Date, interest accrued on the Aggregate Principal Amount of such Class on the first day of such accrual period (after giving effect to any principal payments made on the Payment Date in November 2016) at the Original Applicable Periodic Rate in effect on such day (prior to the Refinancing); and (b) for the portion of the accrual period from the 2016 Refinancing Date to, but excluding, the Payment Date in April 2017, interest accrued on the Aggregate Principal
Periodic Interest Amount. With respect to each Class of Secured Notes and any Payment Date, the aggregate amount of interest accrued at the Applicable Periodic Rate during the related Periodic Interest Accrual Period on the Aggregate Principal Amount of such Class on the first day of such Periodic Interest Accrual Period (after giving effect to any payment of principal of such Class of Notes on such date, including in connection with a redemption of a Class of Notes on any date during the related Periodic Interest Accrual Period).
More Definitions of Periodic Interest Amount
Periodic Interest Amount means, with respect to each Payment Date and any Class of Secured Notes, the aggregate amount of interest accrued at the Applicable Periodic Rate