Double Interest definition

Double Interest means the interests collected by the Loaner on the unpaid interests and/or the Penalty Interest at the penalty interest rate as set forth herein at the time of the Loanee's failure to pay relevant interests (including the Penalty Interest) as scheduled.
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Examples of Double Interest in a sentence

  • Such insurance will be effected by a standard form Automobile Physical Damage Policy with Wholesale Floor Plan Endorsement, Double Interest Form, issued to Lender or its assignee as the named insured.

  • Such insurance will be provided through an “All Risk” Physical Damage Policy, Double Interest Form, issued to NFC or its assignee as an additional Named Insured.

Related to Double Interest

  • Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Receivable Interest means, at any time, an undivided percentage ownership interest in (i) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 2.03, (ii) all Related Security with respect to such Pool Receivables, and (iii) all Collections with respect to, and other proceeds of, such Pool Receivables. Such undivided percentage interest shall be computed as

  • Base Interest means the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement.

  • Simple interest means interest computed on the principal balance outstanding