Accelerated Interest definition

Accelerated Interest means all interest paid by the Trust to CIBC pursuant to Section 7.2 of the Facility Agreement and which as of the Principal Payment Date has not been required to be repaid to the Trust.
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Accelerated Interest shall have the meaning ascribed to such term in Section 3.3.
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Accelerated Interest means the Accelerated First Closing Interest and the Accelerated Subsequent Closing Interest, collectively.
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Examples of Accelerated Interest in a sentence

  • In such event, Producer (to the extent of proceeds of all Production Advances, including the Contingency, then-remaining available) or otherwise Completion Guarantor will promptly pay or cause to be paid the amount of any applicable Accelerated Interest and Charges to Beneficiary.

  • The Borrower shall have made the Accelerated Interest Payment (as defined in Section 4(d) below).

  • In such event, Producer or Completion Guarantor will promptly pay or cause to be paid the amount of any applicable Accelerated Interest and Charges to Beneficiary.

  • Completion Guarantor may, upon written notice to Beneficiary, accelerate Beneficiary’s funding of any Production Advance, in which event Completion Guarantor will ensure Beneficiary receives payment of applicable Accelerated Interest and Charges.

  • The Subscriber further acknowledges that the Subscriber will only be eligible to receive the Accelerated Interest Payments if the Interest Election Certificate has been properly completed, signed and delivered to the Corporation along with the executed copy of this Subscription Agreement.

  • In such event, Producer will promptly pay or cause to be paid the amount of any applicable Accelerated Interest and Charges to such Beneficiary.