Total Note Interest definition

Total Note Interest means, for any Distribution Date and any Class of Notes, the sum of (i) the Monthly Note Interest for such Distribution Date for such Class plus (ii) the Additional Note Interest for such Distribution Date for such Class.
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Total Note Interest. For any Payment Date with respect to the Class A Notes, the sum of (i) the Monthly Note Interest for such Payment Date plus (ii) the Additional Note Interest for such Payment Date.
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Total Note Interest shall have the meaning assigned thereto in the Sale and Allocation Agreement.
Sample 1

Examples of Total Note Interest in a sentence

  • The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.3. The Indenture Trustee (or, if the Indenture Trustee is not the Paying Agent, the Paying Agent) shall pay all Total Note Interest for any Distribution Date to the Holders of the Notes on the related Record Date even if a portion of such Total Note Interest relates to an earlier Distribution Date.

  • The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.3. The Indenture Trustee shall pay all Total Note Interest for any Distribution Date to the Holders of the Notes on the related Record Date even if a portion of such Total Note Interest relates to an earlier Distribution Date.

  • If the amount on deposit in the Note Payment Account (including any portion of the Reserve Account Draw Amount and any portion of the Secondary Reserve Account Draw Amount) on any Distribution Date is less than the amount described in clause (ii) above for such Distribution Date, the Indenture Trustee shall pay the available amount to the Holders of each Class of Class A Notes pro rata based on the Total Note Interest payable to such Class on such Distribution Date.

  • If the amount on deposit in the Note Payment Account (including any portion of the Reserve Account Draw Amount or the Policy Claim Amount included in such amount) on any Distribution Date is less than the amount described in clause (i) above for such Distribution Date, the Indenture Trustee shall pay the available amount to the Holders of each Class of Notes pro rata based on the Total Note Interest payable to such Class on such Distribution Date.

  • If the amount on deposit in the Note Payment Account (including any portion of the Reserve Account Draw Amount) on any Distribution Date is less than the amount described in clause (ii) above for such Distribution Date, the Indenture Trustee shall pay the available amount to the Holders of each Class of Class A Notes pro rata based on the Total Note Interest payable to such Class on such Distribution Date.

  • If the amount on deposit in the Note Payment Account (including any portion of the Reserve Account Draw Amount) on any Distribution Date is less than the amount described in clause (iv) above for such Distribution Date, the Indenture Trustee shall pay the available amount to the Holders of each Class of Class A Notes pro rata based on the Total Note Interest payable to such Class on such Distribution Date.

  • If the amount on deposit in the Note Payment Account (including any portion of the Reserve Account Draw Amount) on any Distribution Date is less than the amount described in clause (iii) above for such Distribution Date, the Indenture Trustee shall pay the available amount to the Holders of each Class of Class A Notes pro rata based on the Total Note Interest payable to such Class on such Distribution Date.

  • If the amount on deposit in the Note Payment Account (including any portion of the Reserve Account Draw Amount or the Policy Claim Amount included in such amount) on any Distribution Date is less than the amount described in clause (i) above for such Distribution Date, the Indenture Trustee shall pay the available amount to the Holders of each Class of Notes pro rata based on the --- ---- Total Note Interest payable to such Class on such Distribution Date.

  • If the amount on deposit in the Note Payment Account (including the Reserve Account Draw Amount) on any Payment Date following acceleration of the Notes is less than the amount described in clause (i) above for such Payment Date, the Indenture Trustee shall pay the available amount to the Holders of each Class of Notes pro rata based on the Total Note Interest payable to such Class on such Payment Date.

  • The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.3. The Indenture Trustee shall pay all Total Note Interest for any Payment Date to the Holders of the Notes on the related Record Date even if a portion of such Total Note Interest relates to an earlier Payment Date.


More Definitions of Total Note Interest

Total Note Interest. For any Payment Date with respect to the Class A Notes, the sum of (i) the Monthly Note Interest for such Payment Date PLUS (ii) the Additional Note Interest for such Payment Date. TOTAL SERVICING FEE: For any Collection Period, the sum of (i) the Monthly Servicing Fee for such Collection Period PLUS (ii) all accrued but unpaid Monthly Servicing Fees for previous Collection Periods.
Sample 1
Total Note Interest means, for any Payment Date, the sum of (i) the Monthly Note Interest for such Payment Date PLUS (ii) the Additional Note Interest for such Payment Date.
Sample 1

Related to Total Note Interest

  • Note Interest for any Class of Notes and Payment Date means interest for the related Interest Period at the applicable Note Rate on the related Note Principal Balance as of the first day of the Interest Period (after giving effect to the distributions made on the first day of the Interest Period).

  • Accrued Note Interest means, for a Class and a Payment Date, the sum of the Note Monthly Interest and the Note Interest Shortfall.

  • Accrued Class B Note Interest means, with respect to any Payment Date, the sum of the Class B Noteholders’ Monthly Accrued Interest for such Payment Date and the Class B Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Accrued Class A Note Interest means, with respect to any Payment Date, the sum of the Class A Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Accrued Class D Note Interest means, with respect to any Payment Date, the sum of the Class D Noteholders’ Monthly Accrued Interest for such Payment Date and the Class D Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Class B Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class C Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Accrued Class C Note Interest means, with respect to any Payment Date, the sum of the Class C Noteholders’ Monthly Accrued Interest for such Payment Date and the Class C Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-4 Note Interest Rate means a rate per annum equal to 2.11%.

  • Class A-2 Note Interest Rate means a rate per annum equal to %.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Exchange Note Interest Rate has the meaning stated in Section 2.2(a)(vi) of the Exchange Note Supplement.

  • Class B Note Interest Shortfall means, for any distribution date, the excess of: • the Class B Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class B noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the class B note interest rate from that preceding distribution date to the current distribution date.

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Class B Note Initial Principal Balance means $30,822,000.

  • Class A Note Initial Principal Balance means $500,000,000.

  • Class C Note Initial Principal Balance means $18,948,000.

  • Note Interest Distributable Amount means, with respect to any Payment Date and a Class of Notes, the sum of the Note Monthly Interest Distributable Amount for such Payment Date and the Note Interest Carryover Shortfall for such Class of Notes. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-2, Class A-3 and Class A-4 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months; and interest with respect to the Class A-1 Notes shall be computed on the basis of the actual number of days in each applicable Interest Accrual Period, divided by 360.

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Class A Note Rate means, with respect to each Interest Period, a fixed rate equal to 4.10% per annum with respect to the Class A Notes.

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • Class E Interest Rate means 4.99% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class B Percentage for that distribution date, plus any Class B Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the principal balance of the class B notes.In addition, on the class B maturity date, the principal required to be distributed to the class B noteholders will include the amount required to reduce the outstanding principal balance of the class B notes to zero.