Overdue Bond definition

Overdue Bond. As defined in Section 2.9(c).
Overdue Bond means a Capital Appreciation Bond on which the entire Accreted Value or Maturity Amount, as applicable, shall not have been punctually paid or duly provided for when and as due and payable.
Overdue Bond means any Bond relative to which a payment of principal or Interest has not been paid or provided for when due and payable, as provided herein.

Examples of Overdue Bond in a sentence

  • In respect of the Overdue Bond, the Company has been negotiating with the Creditor C since November 2019.

  • Accordingly, around HK$6 million of the net proceeds of the Rights Issue will be allocated for the cash settlement of the Overdue Bond.

  • The Company and Creditor C have agreed in principle for the key arrangement under the Overdue Bond Proposal such as the ratio of cash settlement portion.

  • In February 2020, the Group and the Creditor C verbally reached the preliminary terms for the Overdue Bond Proposal, which would render a funding requirement of the Group of around HK$6 million to HK$8 million for the cash settlement under the Overdue Bond Proposal.

  • In respect of the Overdue Bond to the Creditor C which should be matured in September 2019, the Group has been negotiating with the Creditor C since November 2019.

  • The Company and Creditor C have preliminary agreed that not more than 60% of the outstanding principal amount of the Overdue Bond will be settled by cash.

  • As stated in the Letter from the Board, the Company and Creditor C have preliminary agreed that not more than 60% of the outstanding principal amount of the Overdue Bond will be settled by cash.

  • As advised by the management of the Group, in January 2020, following the receipt of a sealed copy of the Petition issued by the Creditor C in the Winding-Up Proceedings under which petitioned that the Company be wound up by the court, both parties verbally reached the preliminary terms for the Overdue Bond Proposal in February 2020, which render a funding requirement of the Group of around HK$6 million to HK$8 million for the cash settlement.

  • Together with each such payment of interest on any Overdue Bond, the Regents shall also be obligated to pay that portion of any Overdue Bond for the payment of which funds are available hereunder.

  • In February 2020, the Group and the Creditor C reached the preliminary terms for the Overdue Bond Proposal, which would render a funding requirement of the Group of around HK$6 million to HK$8 million for the cash settlement under the Overdue Bond Proposal.The Directors are aware that the Group has other outstanding loans (the “Other Outstanding Loans”) bearing higher interest rate as compared to the Matured Indebtedness.

Related to Overdue Bond

  • Overdue Amount means any amount required to be paid by the Issuer under any of the Finance Documents but not made available to the Bondholders on the relevant Payment Date or otherwise not paid on its applicable due date.

  • Overdue Rate On any date, a rate equal to five (5) percentage points above the Prime Rate, but in no event greater than the maximum rate then permitted under applicable law.

  • Overdue Payment shall have the meaning specified in Section 4.03(a).

  • Overdue Interest means any interest payable pursuant to Section 2.8(b) of the Credit Agreement.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Revenue bond means any bond, note, or other evidence of

  • Revenue bonds means the following types of instruments payable from the sources provided in the Central Valley Project Act: revenue bonds, notes, refunding bonds, refunding notes, bond anticipation notes, certificates of indebtedness, and other evidences of indebtedness.

  • Corporate bond means a senior secured debt obligation issued by a domestic business entity and rated not lower than “AA-” or the equivalent by a nationally recognized investment rating firm. The term does not include a debt obligation that, on conversion, would result in the holder becoming a stockholder or shareholder in the entity, or any affiliate or subsidiary of the entity, that issued the debt obligation, or is an unsecured debt obligation. Gov’t Code 2256.0204(a)

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

  • Default Rate means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted by applicable Laws.

  • Overdue Scheduled Payment means any Scheduled Payment which is not in fact received by the Subordination Agent within five days after the Scheduled Payment Date relating thereto.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Refunding Bond means any Bond authenticated and delivered on original issuance pursuant to the Second Resolution for the purpose of refunding any Outstanding Bonds, or thereafter authenticated and delivered pursuant to the Second Resolution in lieu of or substitution for such Bond.

  • Corporate Bonds means debt securities issued by private and public corporations.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

  • Payment Bond is one executed in connection with a contract to assure payment as required by law of all persons supplying labor and material in the execution of the work provided for in the contract.

  • Equipment Note means and includes any equipment notes issued under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or 2.08 of the Indenture.

  • Accreted Interest Interest accrued on a Loan that is added to the principal amount of such Loan instead of being paid as it accrues.

  • Reference Bond Rate means, with respect to any date of redemption, the rate per annum equal to the annual or semi-annual yield (as the case may be) to maturity or interpolated yield to maturity (on the relevant day count basis) of the Reference Bond, assuming a price for the Reference Bond (expressed as a percentage of its nominal amount) equal to the Reference Bond Price for such date of redemption;

  • Reference Bond Price means, with respect to any date of redemption, (a) the arithmetic average of the Reference Government Bond Dealer Quotations for such date of redemption, after excluding the highest and lowest such Reference Government Bond Dealer Quotations, or (b) if the Determination Agent obtains fewer than four such Reference Government Bond Dealer Quotations, the arithmetic average of all such quotations;

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.