Post-Dated Cheques (PDCs) definition

Post-Dated Cheques (PDCs) means the post-dated cheque(s) drawn by the Borrower in favor of the Lender, towards discharge of the EMIs, in the manner and upon the terms and conditions specified in Clause 5 (Mode of Payment, Time, Place) below;
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Examples of Post-Dated Cheques (PDCs) in a sentence

  • Nothing withstanding above, as remedy of the event being the Loan repayment tenure exceeds Bus Operation agreement period, on account of early termination due to event of defaults or force majeure events or whatsoever, the Borrower(s) has / have agreed to issue Post-Dated Cheques (PDCs) for entire tenure of loan to repay the balanced Loan amount and interest thereon, such PDCs shall be deemed to have been given for adequate consideration already received by the Borrower(s).

Related to Post-Dated Cheques (PDCs)

  • Collective agreement year means each twelve (12) month period commencing on the first day of the renewed collective agreement. For example, the collective agreement year for a collective agreement that commences on April 1, 2014 is April 1, 2014 to March 31, 2015 and each period from April 1 to March 31 for the term of the collective agreement.

  • Consolidated Cash Interest Charges means, for any period, for the Borrower and its Restricted Subsidiaries on a consolidated basis, that portion of Consolidated Interest Charges that is either paid or required to be paid in cash during such period, but excluding prepayment or similar premiums paid in connection with any prepayment, repurchase or redemption of Consolidated Funded Indebtedness.

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period, excluding any amount not payable in Cash.

  • Annualized Interest Expense means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share of interest expense, with other adjustments as are necessary to exclude the effect of items classified as extraordinary items, in accordance with generally accepted accounting principles, reduced by amortization of debt issuance costs and adjusted to reflect the assumption that (i) any interest expense related to indebtedness incurred since the first day of such four-quarter period is computed as if such indebtedness had been incurred as of the beginning of such period, and (ii) any interest expense related to indebtedness that was repaid or retired since the first day of such four-quarter period is computed as if such indebtedness had been repaid or retired as of the beginning of such period (except that, in making such computation, the amount of interest expense related to indebtedness under any revolving credit facility shall be computed based upon the average daily balance of such indebtedness during such four-quarter period).

  • Half Year means the period from 1st January to 30th June in any year and the period from 1st July to 31st December in any year;