Deferred Interest Payment definition

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

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

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

Examples of Deferred Interest Payment in a sentence

• Notwithstanding the provisions of Condition 5(b) (Optional Interest Deferral - Optional Settlement of Arrears of Interest), the Issuer shall pay any outstanding Arrears of Interest in whole, but not in part, on the first occurring Mandatory Settlement Date following the Interest Payment Date on which any outstanding Deferred Interest Payment was first deferred.

• 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".

• If the Company elects to defer the payment of the Deferred Interest Payment as aforesaid, interest at a rate of 13% will accrue on the principal amount of the Note and on the accrued but unpaid Deferred Interest Payments.

• Except as otherwise provided in a supplemental indenture or Board Resolution executed pursuant to Section 3.01 for the Securities of such series, no payment deferred in accordance with the foregoing will accrue interest and no payment so deferred shall be treated as due for any purpose until the Deferred Interest Payment Date or Deferred Principal Payment Date, as the case may be.

• Any amendment to the provisions of this Agreement relating to the May-July 2020 Deferred Interest Payment shall require the prior written consent of BANA.

More Definitions of Deferred Interest Payment

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 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 any Optional Deferral Interest Payment, or part thereof, which has not subsequently been satisfied, and 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 3(b)(i).

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 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.