Interest Arrears definition
Interest Arrears means in respect of any Loan as at a particular date, the amount of interest which has become due and payable but which has not been paid by the relevant Borrower; and
Interest Arrears means any interest past due for 30 days or more.
Interest Arrears means, with respect to each Class of Notes, accrued interest not paid on any Payment Date related to the Interest Period in which it accrued with respect to the relevant Note;
Examples of Interest Arrears in a sentence
The Issuer shall procure the Registrar to make such entries in the register of Bondholders as are appropriate to reflect any increase in the principal amount of the Bonds from time to time to reflect the capitalisation of Interest Arrears on the Issue Date and the capitalisation of PIK Interest from time to time subject to and in accordance with Condition 5.
More Definitions of Interest Arrears
Interest Arrears has the meaning set out in the Conditions;