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.
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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.


More Definitions of Total Note Interest

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.
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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. 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.
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Related to Total Note Interest

  • 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.