Payment Due Rate definition

Payment Due Rate means (a) with respect to (i) any payment made to a Note Holder under any Series of Equipment Notes, the Debt Rate applicable to such Series plus 2% and (ii) any other payment made under any Operative Agreement to any other Person, the Debt Rate applicable to such payment plus 2% or, if less, (b) the maximum rate permitted by applicable law.

Payment Due Rate is defined in Schedule 1 to the Lease.

Payment Due Rate means, with respect to (i) any payment made to a Note Holder under any Series of Equipment Notes, the lesser of (a) the Debt Rate applicable to such Series plus 2% and (b) the maximum rate permitted by applicable law and (ii) any other payment made under any Operative Agreement to any other Person, [______] per annum (computed on the basis of a year of 360 days comprised of twelve 30-day months).

Examples of Payment Due Rate in a sentence

• Each Equipment Note shall bear interest at the Payment Due Rate (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on any part of the Original Amount, Make-Whole Amount, if any, and, to the extent permitted by applicable Law, interest and any other amounts payable thereunder not paid when due for any period during which the same shall be overdue, in each case for the period the same is overdue.

• If any amount, payable by Owner, any Indemnitee or any Tax Indemnitee under Section 8.1 or 8.3 is not paid when due, the person obligated to make such payment shall pay on demand, to the extent permitted by Law, to the person entitled thereto, interest on any such amount for the period from and including the due date for such amount to but excluding the date the same is paid, at the Payment Due Rate.

• Each Equipment Note shall bear interest, payable on demand, at the Payment Due Rate (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on any part of the Original Amount, Make-Whole Amount, if any, and, to the extent permitted by applicable Law, interest and any other amounts payable thereunder not paid when due for any period during which the same shall be overdue, in each case for the period the same is overdue.

• If any amount, payable by Lessee, any Indemnitee or any Tax Indemnitee under Section 9.1 or 9.3 is not paid when due, the person obligated to make such payment shall pay on demand, to the extent permitted by Law, to the person entitled thereto, interest on any such amount for the period from and including the due date for such amount to but excluding the date the same is paid, at the Payment Due Rate.

• This Equipment Note shall bear interest, payable on demand, at the Payment Due Rate (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on any overdue Original Amount, any overdue Make-Whole Amount, if any, and (to the extent permitted by applicable Law) any overdue interest and any other amounts payable hereunder which are overdue, in each case for the period the same is overdue.

More Definitions of Payment Due Rate

Payment Due Rate. As set forth in Schedule 1 to the Lease Form.

Payment Due Rate means (a) the Debt Rate plus 2% or, if less, (b) the maximum rate permitted by applicable law.

Payment Due Rate as set forth in Annex A to the form of Lease marked as Exhibit A-2.

Payment Due Rate as set forth in Schedule 1 to the form of Lease marked as Exhibit A-2.

Payment Due Rate means (a) with respect to (i) any payment made to a Note Holder under any Series of Equipment Notes, the Debt Rate applicable to such Series plus 2% and (ii) any other payment made under any Operative Agreement to any other Person, the Debt

Payment Due Rate. Debt Rate plus 1% per annum Payment Dates: January 2 and July 2 commencing with the first such date after the applicable Equipment Notes are issued Make-Whole Premiums: as provided in Article II of the form of Trust Indenture marked as Exhibits A-3 and C-2 of the Note Purchase Agreement (the "Trust Indenture Form")

Payment Due Rate means the Default Rate.