Offset Interest Payment definition

Offset Interest Payment means a payment of all or a portion of the interest then due and payable on this Note by means of an offset against an equal amount of sums that the Seller has identified to the Company in writing as being due and payable by the Seller or any of its affiliates to the Company or any of its affiliates in respect of any products or services provided to the Seller or any of its affiliates in accordance with the Company's "Most Favored Supplier Status" established pursuant to Section 3.4 of the Alliance Agreement and which sums the Company has not, in good faith and within five business days after the identification thereof, claimed, in a writing delivered to the Seller, not to have been incurred in accordance with the Company's "Most Favored Supplier Status."
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Related to Offset Interest Payment

  • 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);

  • Interest Payment Amount means, for a Class of Notes and any Payment Date, the Interest Accrual Amount for that Class of Notes, less any Modification Loss Amount for that Payment Date allocated to reduce the Interest Payment Amount for that Class of Notes.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).

  • Interest Payments With respect to any Purchased Asset, all payments of interest, income, receipts, dividends, and any other collections and distributions received from time to time in connection with any such Purchased Asset.