Interest Increase definition

Interest Increase means an amount equal to the amount of Interest accruing on 153.85% of the Original Principal Amount from the Amendment Date through the Redemption Expiration Date.
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Examples of Interest Increase in a sentence

  • TransTexas Gas Corporation, a Delaware corporation (the "Company"), promises to pay interest on the principal amount of this Note at a rate of 10.875 % per annum; provided, however, that during any TransTexas Interest Increase Quarter, the Company promises to pay interest on the principal amount of this Note at a rate of 12.875% per annum.

  • The Master Servicer shall promptly notify the Company of the Series 2000-1 Increase Date and the amount of the Series 2000-1 Subordinated Interest Increase Amount.

  • In the event the Company exercises such option, interest will be computed on the basis of a 360-day year composed of twelve 30-day months, commencing on the Interest Increase Date.

  • Not less than 20 calendar days prior to the Interest Increase Date, the Company shall deliver notice to the Trustee in the manner provided for in the Original Indenture and provide such notice through the Trustee to DTC for dissemination through the DTC broadcast facility in the Company's name and at the Company's expense, as to the Company's election to pay such cash interest in accordance with this Section 208(c).

  • No Purchaser shall be obligated to fund any such Increase, unless concurrently with any such Increase in the Series 1999-A Invested Amount, the Series 1999-A Subordinated Interest Amount shall be increased by an amount (the "Series 1999-A Subordinated Interest Increase Amount") such that after giving effect to such increase, the Series 1999-A Adjusted Invested Amount plus the Series 1999-A Subordinated Interest Amount equals the Series 1999-A Target Receivables Amount.

  • Such cash interest shall accrue at a rate per annum on the Adjusted Principal Amount per Debenture (initially, the Adjusted Principal Amount on the Interest Increase Date) equal to an amount representing an annualized yield of 5.0% on such Adjusted Principal Amount.

  • Buyer and Seller further agree that, for purposes of the exchange of the Contributed Interests for the Interest Increase, the value of the Contributed Interests shall be an amount equal to twenty-five percent (25%) of (i) the Net Operating Income (as defined in the Limited Liability Company Agreement of Buyer) of the Facilities for the fiscal quarter of Seller ending on Marc▇ ▇▇, ▇▇▇▇, (▇▇) ▇▇▇ided by 10.75%.

  • The Servicer shall promptly notify the Company of the Increase Date and the amount of the Series 1999-A Subordinated Interest Increase Amount.

  • Upon the occurrence of a TARC Interest Increase or a TransTexas Interest Increase the Company shall be obligated to make an offer to purchase the Notes upon the terms and subject to the conditions described below.

  • Such cash interest shall accrue from the Interest Increase Date or from the most recent Interest Payment Date thereafter to which interest has been paid or duly provided for and shall be payable semiannually on each Interest Payment Date after such Interest Increase Date to Holders of record at the Regular Record Date immediately preceding such Interest Payment Date.

Related to Interest Increase

  • Merit Increase means an increase in the rate of pay of an employee within the employee’s pay range which may be granted in recognition of satisfactory service on the employee’s anniversary date.

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • CPI Increase means the percentage increase in CPI over the preceding Lease Year as calculated by the fraction whose numerator is (a) the most current CPI available on the date of calculation minus (b) the most current CPI available on the first day of the immediately preceding Lease Year in question (the “Base CPI”), and whose denominator is the Base CPI, but in no event shall the “CPI Increase” be less than zero.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Insurance Cost Increase shall not, however, include any premium increases resulting from the nature of the occupancy of any other lessee of the Building. If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "BASE PREMIUM." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period. If the Building was not fully occupied during such twelve (12) month period, the "Base Premium" shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b).