Aggregated Default Interest definition

Aggregated Default Interest has the meaning set forth in Section 2.05(a).
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Aggregated Default Interest has the meaning defined in Section 2.07(b) of the Note Purchase Agreement or in Section 2.07(b) of the Credit Agreement, as the case may be.
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Aggregated Default Interest is defined in Section 3.04(c).
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Examples of Aggregated Default Interest in a sentence

  • Such accrued interest shall be aggregated on the last day of such Interest Period, accrue interest at the Aggregated Default Interest Rate and shall be deemed "Aggregated Default Interest." Aggregated Default Interest and the interest thereon shall be distributed in accordance with Section 2.08 of the Facility Agreement.

  • Such accrued interest shall be aggregated on the last day of such Interest Period, accrue interest at the Aggregated Default Interest Rate and shall be deemed “Aggregated Default Interest.” Aggregated Default Interest and the interest thereon shall be payable in accordance with Section 2.18.

  • Such accrued interest shall be aggregated on the last day of such Interest Period, accrue interest at the Aggregated Default Interest Rate and shall be deemed “Aggregated Default Interest.” Aggregated Default Interest and the interest thereon shall be distributed in accordance with Section 2.08 of the Facility Agreement.

  • On the Maturity Date, the Borrower shall repay to the Collection Account the aggregate outstanding principal amount of the Loans and all accrued interest thereon (including all Aggregated Default Interest), and the Loans of each Lender shall be ratably repaid.


More Definitions of Aggregated Default Interest

Aggregated Default Interest. At any time during which an Event of Default (but not a Servicer Replacement Event unless an Event of Default is also continuing) has occurred and is continuing, Class A and Class B Loans shall bear additional interest on the outstanding principal amount at a rate per annum equal to the Default Margin and such accrued additional interest, together with any additional interest which has accrued due to any Interim Repayment Date Margin Increases, shall be aggregated on the last day of the Interest Period (all such aggregated additional interest, the “Aggregated Default Interest”). Such accrued interest shall be aggregated on the last day of the Interest Period along with the Aggregated Default Interest and shall be deemed total “Aggregated Default Interest” upon such aggregation. Aggregated Default Interest and the interest thereon shall be payable in arrears on the date on which the aggregate principal amount of the Loans have been paid in full.
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Aggregated Default Interest has the meaning set forth in Section 2.05(a). “Aggregated Default Interest Rate” means, for any day during any Interest Period, the sum of the Adjusted EurodollarInterest Rate for such day in such Interest Period plus 500 basis points. “Agreement” means this Warehouse Loan Agreement, as amended, supplemented, amended and restated or otherwise modified from time to time. “Amended Loan Documents” means this Agreement, the Management Agreement, the Security Agreement and the Asset Contribution and Purchase Agreement. “Amendment Closing Date” means March 15, 2021. “Anti-Corruption Laws” means all laws, rules, regulations, as amended, applicable to the Facility Parties concerning or related to bribery or corruption, including the U.S. Foreign Corrupt Practices Act of 1977, the UK Xxxxxxx Xxx 0000, and all other applicable anti-bribery and corruption laws. “Anti-Money Laundering Laws” has the meaning assigned to such term in Section 5.10(b). “Applicable Law” means, with reference to any Person, all laws (foreign or domestic), statutes, rulings, codes, ordinances and treaties, including the FRA and the Interchange Rules, and all judgments, decrees, injunctions, writs and orders of any court, arbitrator or other Governmental Authority, and all rules, regulations, orders, interpretations, directives, licenses and permits of any governmental body, instrumentality, agency or other regulatory authority applicable to such Person or its property or in respect of its operations, and for the avoidance of doubt shall include any Existing Law (as defined in Section 3.03(b)). “Applicable Rate” means, for any day during any Interest Period, the sum of (a) the Adjusted EurodollarInterest Rate for such Interest Period plus (b) the Facility Margin plus (c) at any time after the Revolving Termination Date, the Step-Up Margin. “Applicable Valuation” means with respect to any Railcar on any date of calculation: (i) with respect to any Railcar subject to an Operating Lease: (x) the Depreciated Appraised Value of such Railcar on such date of calculation, if (A) the aggregate Depreciated Appraised Value of all Portfolio Railcars subject to an Operating Lease as of the date of the most recent Independent Appraisal of all Portfolio Railcars subject to an Operating Lease was less than (B) the aggregate Depreciated Purchase Price of all Portfolio Railcars subject to an Operating Lease as of the date of such Independent Appraisal; or (y) the Depreciated Purchase Price of such Railcar on su...
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Aggregated Default Interest has the meaning set forth in Section 2.05(a). “Aggregated Default Interest Rate” means, for any day during any Interest Period, the sum of the Adjusted Eurodollar Rate for such day in such Interest Period plus 500 basis points.
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Aggregated Default Interest is defined in clause (b) of Section 3.04.
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Related to Aggregated Default Interest

  • Note Default Interest Spread means a rate per annum equal to three percent (3.0%); provided, however, that if the weighted average of the Senior Note Default Rate and the Note B Default Rate would exceed the maximum rate permitted by applicable law, the note default interest spread shall equal (i) the rate at which the weighted average of the Senior Note Default Rate and the Note B Default Rate equals the maximum rate permitted by applicable law minus (ii) the Mortgage Loan Rate.

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Loan Default means an event, which with the giving of notice or lapse of time or both, would become a Loan Event of Default.

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Specified Defaults means, collectively, the Existing Defaults and the Anticipated Defaults.

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Base Rate.

  • Specified Default means a Default under Section 8.01(a), (f) or (g).

  • Indenture Default With respect to any Indenture, means any Event of Default (as such term is defined in such Indenture).

  • Lender Default means (i) the refusal (which may be given verbally or in writing and has not been retracted) or failure of any Lender to make available its portion of any incurrence of revolving loans or reimbursement obligations required to be made by it, which refusal or failure is not cured within two Business Days after the date of such refusal or failure; (ii) the failure of any Lender to pay over to the Administrative Agent, any L/C Issuer or any other Lender any other amount required to be paid by it hereunder within two Business Days of the date when due, unless subject to a good faith dispute; (iii) a Lender has notified the Borrower or the Administrative Agent that it does not intend to comply with its funding obligations, or has made a public statement to that effect with respect to its funding obligations, under the Revolving Credit Facility or under other agreements generally in which it commits to extend credit; (iv) a Lender has failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with its funding obligations under the Revolving Credit Facility; or (v) a Lender has admitted in writing that it is insolvent or such Lender becomes subject to a Lender-Related Distress Event or a Bail-In Action. Any determination by the Administrative Agent that a Lender Default has occurred under any one or more of clauses (i) through (v) above shall be conclusive and binding absent manifest error, and the applicable Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(b)) upon delivery of written notice of such determination to the Borrower, each L/C Issuer, each Swing Line Lender and each Lender.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Post-Default Rate means, (a) in respect of any principal of any Loan or any Reimbursement Obligation, the rate otherwise applicable plus an additional two percent (2.0%) per annum, and (b) with respect to any other Obligation, a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans plus two percent (2.0%).

  • Non-default Rate means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Default Date the meaning set forth in Section 3.2(a).

  • Default Costs means reasonable attorney's fees and remarketing costs resulting from a Lessee default or Lessor's enforcement of its remedies. DELIVERY DATE - means date of delivery of Inventory Equipment to Lessee's address.

  • Default Under First Lien With respect to each Second Lien Loan, the related First Lien Loan related thereto is in full force and effect, and there is no default, breach, violation or event which would permit acceleration existing under such first Mortgage or Mortgage Note, and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event which would permit acceleration thereunder;

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Administrative Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

  • Modification Default Loss means the loss calculated in Exhibits 2a(1)-(3) for single family loans previously modified pursuant to this Single Family Shared-Loss Agreement that subsequently default and result in a foreclosure, short sale or Deficient Loss.

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.