Arrears Amount definition

Arrears Amount means any amount in arrears due by the Debtor in respect of any Performing Receivable under the terms of the relevant Auto Loan Contract;
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Examples of Arrears Amount in a sentence

  • METATEC shall pay USPC the Arrears Amount with interest at 6%/annum calculated from July 31, 2002 in installments as set forth in the attached payment schedule labelled "ARREARS PAYMENT SCHEDULE - METATEC - AUGUST 9, 2002".

  • The Bank may calculate interest in respect of any of the Arrears Amounts at a rate that is lower than the rate of Default Interest in respect of the Arrears Amount set forth in this Section above, as the case may be, in respect of all or some of the period of the arrears in repayment of all or some of the Arrears Amounts, as the case may be, in each case at the discretion of the Bank (hereinafter: the “Reduced Default Interest in Respect of the Arrears Amount”).

  • Tenant shall pay the Total Arrears Amount to District on or before June 30, 2026 (“Arrears Payment Deadline”).

  • It is clarified that the calculation of Reduced Default Interest in Respect of any Arrears Amount and any period will not require the Bank to continue calculating Reduced Default Interest in respect of any additional amount or any additional period and the Bank may, at any time, revert to charging interest in respect of any Arrears Amounts at the rate of Default Interest set forth under this Section above, at its discretion, for any reason and without being required to give prior notice of this.

  • In the event Tenant fails to pay District the Total Arrears Amount by the Arrears Payment Deadline, District shall have the right to immediately terminate this Lease, and all sums due under this Agreement shall immediately become due and owing.

  • Any payment that has been made by the Lessee to the Company in respect of a debt that is in arrears will be divided and appropriated proportionately against the components of the debt that is in arrear, i.e. the Annual Interest component, linkage differentials and the component of the Arrears Amount.

  • It is agreed by the parties that in respect of any sum that the Lessee will fail to pay on due date (hereinafter: “the Arrears Amount”) the Lessee is bound to pay the Company, in addition to the Arrears Amount that will be linked pursuant to the provisions of this Agreement until the actual date of payment, interest also at the rate of 10% per annum (hereinafter: “the Annual Interest”) from the date on which the debt arises until the date on which the payment is actually paid.

  • The Loan Principal, the Arrears Amount and each form of interest will be fully unlinked.

  • Tenant, at its option, may pay an amount more than the Monthly Arrears Payment with any excess amount applied towards the Total Arrears Amount.