Overdue Interest definition

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

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Overdue Interest means interest due but not paid on the Interest Payment Date on which such interest is required to be paid.

Overdue Interest means, for any Payment Date, the sum of (i) the Class A Overdue Interest, (ii) the Class B Overdue Interest, (iii) the Class C Overdue Interest, (iv) the Class D Overdue Interest and (v) the Class E Overdue Interest.

Examples of Overdue Interest in a sentence

• The Standby Purchaser shall not be relieved of its obligations hereunder unless and until the Trustee shall have received all amounts required to be paid by it hereunder (and any related Event of Default under the Indenture has been cured), including payment of the Total Non-Payment Overdue Interest.

• The Standby Purchaser shall not be relieved of its obligations hereunder unless and until the Trustee shall have indefeasibly received all amounts required to be paid by it hereunder (and any related Event of Default under the Indenture has been cured), including payment of the Partial Non-Payment Overdue Interest as provided for herein.

• The Borrower shall repay and/ or settle the full amount of the Loan and Interest thereon, as well as Overdue Interest and other charges, if any, in accordance with the terms hereof and all the Schedule(s) attached hereto.

• If the Company defaults in a payment of interest on the Securities, it shall pay the defaulted interest and, to the extent permitted by law, interest on defaulted interest at the Overdue Interest Rate to the persons who are Securityholders of record as of a subsequent date designated as a "Special Record Date" for such payment.

• Any installment of interest that is not paid when and as due shall bear interest at the Overdue Interest Rate from the date due to the date of payment thereof, but only to the extent payment of such interest shall be lawful and enforceable.

More Definitions of Overdue Interest

Overdue Interest means such interest calculated at the overdue rate as specified in Schedule 4 in connection with any overdue Hire Rent and other sums payable under this Agreement for the period from the relevant Payment Date or due day run from day to day until the date of settlement of such amount ;

Overdue Interest has the meaning ascribed to it in Clause 6.5;

Overdue Interest means, with respect to any Payment Date and any Note, the difference, if any, between (a) the amount of Note Interest due on the prior Payment Date with respect to such Note and (b) the amount of Note Interest (from whatever source) actually paid to the Noteholder thereof on the prior Payment Date, plus (to the extent permitted by law) interest on any such shortfall on the prior Payment Date at the Note Interest Rate from and including the prior Payment Date through the day immediately preceding the Payment Date of such calculation.

Overdue Interest means, for a Class of Notes and any Payment Date, the ---------------- difference between:

Overdue Interest. The meaning set forth in Section 3.07(a).

Overdue Interest has the meaning given to it in Clause 2.1(2);

Overdue Interest. As such term is defined in the Note.