Overdue Monetary Obligations definition
Overdue Monetary Obligations means, at any time, the amount of monetary Obligations that are due, owing and unpaid, and in the case where the existence and quantum of such Obligations would not be reasonably Known by Borrower absent a PFG notice of the same, such Obligations shall not be deemed “Overdue” unless and until unpaid in accordance with the terms of such notice. For the avoidance of doubt, The amount of Default interest payable in respect of one Overdue Monetary Obligation shall not be compounded with Default interest that may be due as a result of late payment of another distinct Overdue Monetary Obligation (i.e., no default interest on interet about which Borrower would be unaware absent PFG notice of the same shall not be deemed “overdue” unless such obligations remain unpaid under the terms of the PFG notice specifying the same.