StepUp Interest Payment

StepUp Interest Payment. An amount calculated in accordance with the definition of "Series 2002-1 Note Interest Payment" except using zero prior to any Payment Date which is prior to the Series 2002-1 Note Commitment Termination Date and using one and one quarter percent (1.25%) per annum at all other times thereafter in each case in lieu of clause (y) in such definition. The Step-Up Interest Payment may be waived in the sole discretion of the Deal Agent.