Simple Interest Payment definition

Simple Interest Payment means a dollar amount calculated by multiplying the:
Sample 1Sample 2Sample 3
Simple Interest Payment means a dollar amount calculated by multiplying the (i) dollar amount on which the Simple Interest Payment is based, times (ii) the Interest Rate, times (iii) the result of dividing the number of days in the calculation period by 360.
Sample 1Sample 2Sample 3
Simple Interest Payment means a dollar amount calculated by multiplying the: (a) dollar amount on which the Simple Interest Payment is based; by (b) the Interest Rate; by (c) the result of dividing the number of days in the calculation period by 360.
Sample 1Sample 2Sample 3

Examples of Simple Interest Payment in a sentence

  • Except as specifically provided in this Agreement, any outstanding and past due amounts owing and unpaid by either Party under the terms of this Agreement shall be eligible to receive a Simple Interest Payment calculated using the Interest Rate for the number of days between the date due and the date paid.

  • Except as specifically provided in this Agreement, any outstanding and past due amounts owing and unpaid by either Party under the terms of this Agreement will be eligible to receive a Simple Interest Payment calculated using the Interest Rate for the number of days between the date due and the date paid.

  • On or after the occurrence of an Event of Default by Seller or an Early Termination Date as a result of an Event of Default by Seller, Buyer shall retain any such Simple Interest Payment amount as an additional Development Security amount or a Performance Assurance amount hereunder until: In the case of an Early Termination Date, the obligations of Seller under this Agreement have been satisfied; or In the case of an Event of Default, for so long as such Event of Default is continuing.

  • Except as specifically provided in this Power Purchase Agreement, any outstanding and past due amounts owing and unpaid by either Party under the terms of this Power Purchase Agreement, shall receive a Simple Interest Payment, calculated using the Interest Rate, for the number of days between the date due and the date paid.

  • Except as specifically provided in this Agreement, any outstanding and past due amounts owing and unpaid by either Party under the terms of this Agreement shall be eligible to receive a Simple Interest Payment for the number of days between the date due and the date paid.

  • We made this choice in respect of property tax only because of the large and unexpected improvement achieved by the municipalities in the last quarter of FY2016-17 in tax collections.


More Definitions of Simple Interest Payment

Simple Interest Payment. Means a dollar amount calculated by multiplying the:
Sample 1

Related to Simple Interest Payment

  • Interest Payment Dates shall have the meaning set forth in paragraph 1 of each Note.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • Payment Date means the fifteenth (15th) day of each calendar month or, if such day is not a Business Day, the next succeeding Business Day.