Deferred Interest Payments definition

Deferred Interest Payments means all interest and other amounts due on the Loans as listed on Schedule A-8 attached hereto.

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Deferred Interest Payments means, as of any date of determination, the aggregate amount of interest Collections received by the Borrower with respect to a Receivable that is a Deferred Interest Loan during the deferral period for such Deferred Interest Loan. For Deferred Interest Loans no longer in the deferral period, Deferred Interest Payments will be deemed to equal the current principal balance of each Receivable multiplied by the annual interest rate of the Receivable. [*****] [*****]

Deferred Interest Payments nevertheless being payable, without further interest thereon, pro rata from the First Interest Payment Date through the Maturity Date (i.e., the payment on the First Interest Payment Date shall be the accrued and unpaid interest from December 24, 2020 through the First Interest Payment Date plus the pro rata amount of the Deferred Interest Payments assuming such amount is paid pro rata over the remaining quarters of the Loan term); and

Examples of Deferred Interest Payments in a sentence

The Company may elect to defer the payment of Deferred Interest Payments on an unlimited number of occasions; provided, that, all unpaid Deferred Interest Payments shall be paid on or before the Stated Maturity of this Note.
Upon the occurrence of a Mandatory Payment Event or a Mandatory Partial Payment Event, all Deferred Interest Payments will become mandatorily due and payable in full on the date of either such event, notwithstanding any further Deferral Notice or an occurrence or continuance of a Required Deferral Condition.
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.
Upon the occurrence of a Mandatory Payment Event or a Mandatory Partial Payment Event, no Deferred Interest Payments or Additional Interest in respect thereof will become mandatorily due and payable in full on the date of either such event or any succeeding Interest Payment Date.
Any reference in these Conditions to "principal amount" and/or "interest" (including in relation to any Deferred Interest Payments) in respect of the Notes shall be deemed also to refer to any Additional Amounts which may be payable under this Condition 6.
Unless the context otherwise requires, any reference in these Conditions to "principal" shall include any redemption amount and any other amounts in the nature of principal payable pursuant to these Conditions and "interest" shall include all amounts payable pursuant to Condition 3 and any other amounts in the nature of interest payable pursuant to these Conditions (including Deferred Interest Payments and additional interest accrued on such Deferred Interest Payments).
Deferred Interest Payments (including any additional interest accrued thereon) will be payable in accordance with Condition 3.5. If the Issuer decides not to pay the Interest Amount on an Interest Payment Date, the Issuer shall notify the Holders in accordance with Condition 9 and the Principal Paying Agent not less than five Business Days prior to such Interest Payment Date.
The sole consequence of a payment of dividends by the Issuer or the Guarantor is that any interest payment in respect of the Bonds scheduled during the six months period following the declaration of such dividend payment, together with Deferred Interest Payments, if any, may become compulsory under the Conditions.
If the Issuer shall fail to redeem the Notes when due, the obligation to pay interest shall continue to accrue at the then applicable Rate of Interest on the outstanding Principal Amount of the Notes (and any Deferred Interest Payments) beyond the due date until (and excluding) the calendar day of actual redemption of the Notes.
For purposes of this Section 1.04, "Deferred Interest Payments" shall mean all interest and other amounts due on the Loans as listed on Schedule A-8 attached hereto.

More Definitions of Deferred Interest Payments

Deferred Interest Payments shall have the meaning ascribed thereto under Condition 4;

Deferred Interest Payments as defined in Section 2.6(c).

Deferred Interest Payments has the meaning assigned to such term in the form of Note attached as Exhibit A.