Deferred Interest Payment definition

Deferred Interest Payment means any Elective Deferral Interest Payment, or part thereof, which has not subsequently been satisfied, or any Required Deferral Interest Payment, or part thereof, which has not subsequently been either (i) satisfied, or (ii) deferred pursuant to Section 2.04(f) hereof.

Deferred Interest Payment has the meaning given to it in Condition 5(a) (Optional Interest Deferral - Deferral of Interest Payments);

Deferred Interest Payment means any payment that the Issuer makes in respect of Deferred Interest.

Examples of Deferred Interest Payment in a sentence

• Any Interest Payment that the Issuer has elected to defer pursuant to this Condition 5(a) and that has not been satisfied is referred to as a "Deferred Interest Payment".

• Notice of any Deferred Interest Payment Event shall be given by the Issuer to the Holders in accordance with Condition 19 (Notices), the Trustee and to the Principal Paying Agent within three Business Days of such event.

• If a Mandatory Settlement Date does not occur prior to the calendar day which is the fifth anniversary of the Interest Payment Date on which the relevant Deferred Interest Payment was first deferred, it is the intention, though not an obligation, of the Issuer to pay all outstanding Arrears of Interest (in whole but not in part) on the next following Interest Payment Date.

• Deferred interest payments are made at the lat- est on the Deferred Interest Payment Date or on the Deferred Redemption Date.

• Interest that the Issuer has elected not to pay shall not be due and payable and shall constitute a Deferred Interest Payment.

More Definitions of Deferred Interest Payment

Deferred Interest Payment has the meaning specified in Section 2.10 (Deferral Right).

Deferred Interest Payment means an Optionally Deferred Interest Payment and/or a Mandatorily Deferred Interest Payment.

Deferred Interest Payment means any Interest Payment which, pursuant to Condition 5, the Issuer has elected to defer and which has not been satisfied;

Deferred Interest Payment means an amount equal to the BMLI Percentage multiplied by the product of (i) the Agreed Percentage and (ii) the unbilled accrued deferred interest on the principal balance of deferred interest promotional purchases in the Legacy Pool or the 2018 Pool as of the Cut-off Time, with respect to such deferred interest promotional purchases for which the promotional period has not expired prior to the Cut-off Time, and which unbilled deferred interest actually becomes due and payable by the applicable Borrowers following the Cut-off Time pursuant to the Program Policies and Procedures; provided that the Deferred Interest Payment shall not include any unbilled accrued deferred interest on the principal balance of deferred interest promotional purchases in the Legacy Pool or the 2018 Pool as of the Cut-off Time, to the extent such unbilled accrued deferred interest is in respect of any Excluded Receivable.

Deferred Interest Payment has the meaning given in Condition 6(a);

Deferred Interest Payment means a cumulative non-compounding 1% deferred interest payment which the Company is obligated to make to Bondholders on maturity dates of the Bonds in such series.

Deferred Interest Payment has the meaning given to it in Condition 3(b)(i).