Deferred Interest definition

Deferred Interest shall have the meaning set forth in Section 4.1.

Deferred Interest means any interest on the Debentures that would have been overdue and unpaid for more than one Distribution Payment Date but for the imposition of an Extension Period, and the interest that shall accrue (to the extent that the payment of such interest is legally enforceable) on such interest at the Coupon Rate applicable during such Extension Period, compounded quarterly from the date on which such Deferred Interest would otherwise have been due and payable until paid or made available for payment.

Deferred Interest has the meaning set forth in Section 2.11.

Examples of Deferred Interest in a sentence

• On the First Amendment Closing Date, the Contributed Deferred Interest was contributed to the Borrower in exchange for Borrower Equity Interests pursuant to the transaction documents relative to the First Amendment Closing Date Equity Raise as if Lender were a party thereto.

• Interest on the outstanding principal amount of the Loans shall accrue from and including the date of issuance through and until full and final repayment of the principal amount of the Loans and payment of all interest in full at an aggregate rate equal to (i) the Current Interest Rate plus (ii) the Deferred Interest Rate and shall be compounded monthly and computed on the basis of the actual number of days elapsed and a 360-day year.

• Lxxxxx acknowledges receipt of the transaction documents relative to the First Amendment Closing Date Equity Raise, pursuant to which the Contributed Deferred Interest was contributed to the Borrower in exchange for Borrower Equity Interests in accordance with the terms thereof.

• The full remaining portion of all interest accruing on the Loans at the Deferred Interest Rate (the “Deferred Interest”) may, at the option of the Borrower, be paid in cash on each Interest Payment Date and, to the extent not paid in cash, shall be paid as set forth in Section 2.6(b).

• At the end of the Financial Year 2016-17, net worth of the company has been totally eroded and become negative of an amount of minus Rs.8115.49 Lakh [ (01) after excluding amount of (a) Rs.1219.03 Lakh Capital Reserve (created while converting the fixed assets (Land) into stock in-trade); and (b) Rs.1535.56 Lakh, relating to Deferred Interest and Deferred Revenue Expenses, shown as non-Current Assets].

More Definitions of Deferred Interest

Deferred Interest. With respect to each Mortgage Loan and each related Due Date, will be the excess, if any, of the amount of interest accrued on such Mortgage Loan from the preceding Due Date to such due date over the portion of the Monthly Payment allocated to interest for such Due Date.

Deferred Interest. With respect to any Class of Negative Amortization Certificates and any Distribution Date, the lesser of (x) the applicable Interest Distribution Amount for such date (without giving effect to any Deferred Interest) and (y) the aggregate Mortgage Loan Negative Amortization, if any, for the related Due Period.

Deferred Interest. With respect to any Class of Notes for any Payment Date, an amount equal to the sum of (a) the aggregate amount of interest accrued at the applicable Note Interest Rate during the related Accrual Period on the Principal Deficiency Amount for that Class, (b) any amounts due pursuant to clause (a) for such Class for prior Payment Dates that remain unpaid and (c) interest accrued during the Accrual Period related to such Payment Date on the amount described in clause (b) at the Note Interest Rate applicable to such Class.

Deferred Interest has the meaning set forth in Section 2.12(a).

Deferred Interest has the meaning specified in Section 3.07.

Deferred Interest has the meaning specified in Section 4.1.

Deferred Interest. With respect to each Mortgage Loan and Due Period, the amount of interest accrued on such Mortgage Loan at the applicable Mortgage Rate from the Due Date in the preceding Due Period to the Due Date in such Due Period that is greater than the Scheduled Payment due on such Mortgage Loan for such Due Period and that is added to the principal balance of such Mortgage Loan in accordance with the terms of the related Mortgage Note.