Interim Interest Payment definition

Interim Interest Payment means, with respect to each Term Loan Advance an amount equal to the per diem interest accrued from the date such Term Loan Advance is made through and including the last day of that month.
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Interim Interest Payment is defined in Section 3.1(b).
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Examples of Interim Interest Payment in a sentence

  • On each Interim Interest Payment Date, as a part of interest, interim interest (hereinafter, “Interim Interest”) shall be paid for the period from the deposit date or the previous Interim Interest Payment Date to the date immediately before the Interim Interest Payment Date, and at the contractual interest rate.

  • However, if Interim Interest has been paid, the difference between Interim Interest paid (where two or more Interim Interest Payment Dates exist, the total amount of Interim Interest paid on each Date) and interest on cancellation before maturity shall be settled.

  • However, if Interim Interest has been paid, the Interim Interest paid (where two or more Interim Interest Payment Dates exist, the total amount of Interim Interest paid on each Date) shall be deducted from the principal, and the remaining amount of the principal shall be credited in the same currency to the savings deposit account in the PowerFlex account.

  • On each Interim Interest Payment Date, as a part of interest, interim interest (hereinafter, “Interim Interest”) shall be paid based on the period from the deposit date or the previous Interim Interest Payment Date to the date immediately before the Interim Interest Payment Date, and at the contractual interest rate.

  • On each Interim Interest Payment Date, as a part of interest, Interim Interest shall be paid based on the period from the deposit date or the previous Interim Interest Payment Date to the date immediately before the Interim Interest Payment Date, and at the contractual interest rate.

  • On the Interim Interest Payment Date for a Loan, Borrower shall pay interest accruing on such Loan from the applicable Closing Date through and including the last day of the calendar month immediately preceding the applicable Interim Interest Date.

  • However, the interest on deposits with a term of two (2) years shall be paid as follows: ① The interim interest amount due on the date twelve (12) months from the date of deposit (the "Interim Interest Payment Date"), calculated by multiplying seventy percent (70%) of the Contracted Rate by the number of days from the date of deposit until the day before the Interim Interest Payment Date (the "Interim Interest"), shall be paid as part of the interest as of the Interim Interest Payment Date.

  • However, the funds may actually be withdrawn on and after the Business Day following the Interim Interest Payment Date.

  • SMBC Trust Bank shall designate the last Business Day of each month during the period from the deposit date to the maturity date as the "Interim Interest Payment Date" and shall pay the interest (the "Interim Interest") for each month in accordance with the Applicable Interest Rate provided in 3.(1) (however, if the number of days from the deposit date to the first Interim Interest Payment Date is less than one (1) month, the calculation shall be made on a prorated daily basis).

  • Each Tranche A Term Loan Advance shall be payable in twenty-seven (27) equal monthly installments of principal and interest, beginning on the date that is nine (9) months after first interest only payment date of such Term Loan Advance, other than an Interim Interest Payment, and continuing on the first of each month thereafter until paid in full.