Overdue Ratio definition

Overdue Ratio shall (a) mean 1.00, at all times prior to the Maturity Date, (b) mean 1.25, during the three-month period commencing on the Maturity Date and (c) increase by 0.25 upon each three-month anniversary of the Maturity Date.

Related to Overdue Ratio

  • Overdue Rate means, on any date, a per annum rate of interest equal to the lesser of (i) twelve percent (12%) or (ii) the maximum rate then permitted under applicable law.

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

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

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