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.

  • No Purchaser shall be obligated to fund any such Increase, unless concurrently with any such Increase in the Series 1997-2 Invested Amount, the Series 1997-2 Subordinated Interest Amount shall be increased by an amount (the "Series 1997-2 Subordinated Interest Increase Amount") such that after giving effect to such increase, the Series 1997-2 Adjusted Invested Amount plus the Series 1997-2 Subordinated Interest Amount equals the Series 1997-2 Target Receivables 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 Marcx 00, 0000, (xx) xxxided by 10.75%.

  • 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.

  • In the event of an Adjusted Principal Amount Reduction occurring after the Interest Increase Date, the applicable Adjusted Principal Amount for calculating cash interest payable in accordance with this Section 205(c) shall be determined in the manner described in Section 205(b)(iv); provided, however, that cash interest shall not be reduced at any time to an amount less than 1.0% of the Issue Price per Debenture per annum so long as such Debenture is Outstanding.

  • 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.

  • 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.

  • Upon the occurrence of 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.

  • In the event of an Interest Increase Event that is subsequently cured, the adjustments in the Interest Rate shall cease to be effective as of the date of such cure; provided, that the Interest as calculated and unpaid at such increased rate during the continuance of such Interest Increase Event shall continue to apply to the extent relating to the days after the occurrence of such Interest Increase Event through and including the date of cure of such Interest Increase Event.

  • 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.

Related to Interest Increase

  • 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).

  • Fixed Incremental Amount means (i) the greater of $920,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Tax Increment means the difference between:

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Tax Increase means that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment. Accordingly, a Tax Increase shall not include any portion of the real estate taxes, as calculated immediately following the Reassessment, that is:

  • Capital Increase has the meaning set out in Clause 3.2.4(iii).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and