Excess Interest Amount definition
Excess Interest Amount means, on any date, the amount by which (i) the amount of all interest which would have accrued prior to such date on the principal of this Note, had the applicable Contract Rate at all times been in effect without limitation by the Maximum Rate, exceeds (ii) the aggregate amount of interest accrued on this Note on or prior to such date as limited by the Maximum Rate.
Excess Interest Amount has the meaning set forth in Section 3.04 hereof.
Excess Interest Amount. The Group I, Group II or Group III Excess Interest Amount, as applicable.
Examples of Excess Interest Amount in a sentence
If there is any accrued and unpaid Excess Interest Amount as of any Interest Payment Date, then, on the current and each subsequent Interest Payment Date, interest shall be paid at the Maximum Rate rather than the otherwise applicable rate until the earlier of (A) payment to the Lender of the entire accrued Excess Interest Amount or (B) the Facility Maturity Date.
Notwithstanding the foregoing, all unpaid Excess Interest Amount shall be, to the extent permitted by law, due and payable by the City as a fee on the Facility Maturity Date (or if such Excess Interest Amount relates to Term Loans, on the Term Loan Maturity Date).
More Definitions of Excess Interest Amount
Excess Interest Amount means, with respect to any Distribution Date, an amount equal to one-twelfth of the product of (a) (i) the outstanding principal balance of the Class B Certificates as of the preceding Distribution Date (after subtracting therefrom the aggregate amount of distributions of Class B Monthly Principal made to the Class B Certificateholders on or before such preceding Distribution Date) minus (ii) the Class B Invested Amount as of such preceding Distribution Date (after giving effect to any increase or decrease in the Class B Invested Amount on such preceding Distribution Date) and (b) the Class B Certificate Rate; provided, however, that with respect to the first Distribution Date, the Excess Interest Amount shall be zero.
Excess Interest Amount means, on any date, the amount by which (i) the amount of all interest which would have accrued prior to such date on the principal of this Note, had the applicable Contract Rate at all times been in effect without limitation by the Maximum Rate, exceeds (ii) the aggregate amount of interest accrued on this Note on or prior to such date.
Excess Interest Amount means, on any day, the amount by which (a) the amount of all interest which would have accrued prior to such day on the outstanding principal of the Term Notes of the applicable Lender (had the Alternate Base Rate and/or the Adjusted LIBO Rate, as applicable, at all times been in effect without limitation by the Highest Lawful Rate applicable to such Lender) exceeds (b) the aggregate amount of interest actually paid to the Agent for the account of such Lender on its Term Notes on or prior to such day.
Excess Interest Amount has the meaning set forth in Section 6.5(c) hereof.
Excess Interest Amount. The Group 5 Excess Interest Amount and Group 6 Excess Interest Amount, as applicable.
Excess Interest Amount shall have the meaning attributed to such term in Section 2.14 hereof.
Excess Interest Amount shall have the meaning set forth in Section 2.05 hereof.