Interest definition

Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

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Interest means the ownership or control of more than 10% of the profits or assets of a business entity or 10% of the stock in the case of a business entity that is a corporation for profit, as appropriate.

Interest means the entire interest of a Member in the Company, including the Units and all of such Member’s rights, powers and privileges under this Agreement and the Act.

Examples of Interest in a sentence

• Interest on this Note will accrue for each Payment Date from the most recent Payment Date on which interest has been paid to but excluding the then current Payment Date or, if no interest has yet been paid, from the date hereof.

• Unless and until a Responsible Officer of the Trustee receives at the Corporate Trust Office such a certificate, the Trustee may assume without inquiry that no such Additional Interest is payable.

• Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months.

• The Notes will not bear regular interest, and the principal amount of the Notes will not accrete; provided, however, that Special Interest and Additional Interest will accrue on the Notes to the extent, and only to the extent, provided in Sections 3.04 and 7.03, respectively.

• The accrual of Additional Interest will be the exclusive remedy available to Holders for the failure of their Notes to become Freely Tradable.

More Definitions of Interest

Interest means the interest on the Bonds calculated in accordance with Clauses 8(a) to 8(c).

Interest means, when used with reference to the Notes, any interest payable under the terms of the Notes.

Interest means, with respect to an Original Issue Discount Security that by its terms bears interest only after Maturity, interest payable after Maturity.

Interest means, when used with respect to non-interest bearing Securities, interest payable after maturity.

Interest means, with respect to the Notes, interest on the Notes.

Interest means the entire ownership interest of a Partner in the Partnership at any particular time, including the right of such Partner to any and all benefits to which a Partner may be entitled hereunder and the obligation of such Partner to comply with the terms of this Agreement.

Interest means organizational or financial interest.