Interest Payment definition

Interest Payment means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

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Interest Payment means the aggregate amount of interest that is, or is scheduled to become, payable under any Finance Document.

Interest Payment has the meaning set forth in Section 4.02.

Examples of Interest Payment in a sentence

So long as no Event of Default has occurred and is continuing, the Corporation may elect, at its sole option, at any date other than an Interest Payment Date (a “Deferral Date”), to defer the interest payable on the Notes on one or more occasions for up to five consecutive years (a “Deferral Period”).
The Corporation will give the Trustee and the Holders of the Notes written notice of its election to commence or continue a Deferral Period at least 10 and not more than 60 days before the next Interest Payment Date.
A Deferral Period terminates on any Interest Payment Date where the Corporation pays all accrued and unpaid interest on such date.
Deferred interest will accrue, compounding on each subsequent Interest Payment Date, until paid.
Accrued commitment fees shall be payable in arrears on each Interest Payment Date, and on the date on which the Financing Commitments terminate.

More Definitions of Interest Payment

Interest Payment. Dates: February 1st and August 1st.

Interest Payment. Dates: June 15 and December 15.

Interest Payment means, with respect to any Interest Payment Date, the interest payment on the Notes due on such Interest Payment Date.

Interest Payment means, in respect the payment of Interest on an Interest Payment Date, the amount of Interest payable for the relevant Interest Period in accordance with Clause 10 (Interest).

Interest Payment shall have the meaning set forth in Section 4.01(d).

Interest Payment has the meaning set forth in the Supplemental Indenture.

Interest Payment means, with respect to an Interest Payment Date, the interest scheduled to be paid on such Interest Payment Date in accordance with these Conditions;