Step-Up Interest definition

Step-Up Interest means, on each Payment Date following the Expected Final Payment Date, so long as there are Initial Notes outstanding, interest at the rate of 2.0% per annum, compounded monthly, on the Outstanding Principal Balance of the Initial Notes for the Interest Accrual Period ending on such Payment Date.

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Step-Up Interest is defined in Section 10.3(a).

Step-Up Interest shall have the meaning assigned to such term in the definition of “Applicable Margin.”

Examples of Step-Up Interest in a sentence

If an Event of Default specified in Section 6.01(k) or Section 6.01(l) with respect to the Company occurs and is continuing, 100% of the principal of, and accrued and unpaid interest (including Default Interest and Step-Up Interest), if any, on, all Notes shall become and shall automatically be immediately due and payable.
The accrual or payment of Step-Up Interest shall not, by itself, constitute or give rise to a Default or an Event of Default.
The payments to which a holder of Registrable Securities shall be entitled pursuant to this Section 2(e) are referred to herein as “Registration Delay Payments.” Notwithstanding any other provision in this Agreement, no Effectiveness Failure, Maintenance Failure or Current Public Information Failure shall be deemed to have occurred during any period in which the interest rate applicable to the Notes reflects Step-Up Interest (as defined in the Indenture).
Unless the context otherwise requires, any reference to interest on, or in respect of, any Note in this Indenture shall be deemed to include Step-Up Interest and Default Interest if, in such context, Step-Up Interest or Default Interest is, was or would be payable pursuant to any of Section 2.03(c), Section 4.04(c) and Article 6.
For the avoidance of doubt, Step-Up Interest shall accrue in addition to all other interest payable pursuant to this Indenture and the Notes, subject to the enforceability thereof under applicable law.

More Definitions of Step-Up Interest

Step-Up Interest means, collectively, Initial Step-Up Interest and Additional Step-Up Interest, in each case payable pursuant to Section 2.03(e).

Step-Up Interest means (i) with respect to any Subclass A-1, Subclass A-2, Subclass A-3, Subclass A-4, Subclass A-7 or Subclass A-8 Airplanes Group Notes not repaid on or before the Expected Final Payment Date thereof and (ii) with respect to the Subclass A-5 Airplanes Group Notes for any period during which Step-Up Interest is accruing on any other class of the Class A Airplanes Group Notes, interest at a rate of 0.5% per annum which shall accrue in addition to the stated rate of interest on the Outstanding Principal Balance of such subclass. "Subclass A-4 Amortization Commencement Date" means the date that is the earlier of (i) the Expected Final Payment Date of the Subclass A-4 Airplanes Group Notes and (ii) the date of repayment in full of the Subclass A-5 Airplanes Group Notes, the Subclass A-6 Airplanes Group Notes and any future subclass of Class A Airplanes Group Notes designated as a subclass of "Amortizing Notes" (in each case other than through an issue of Refinancing Notes).

Step-Up Interest. The sum of all Step Up Warehouse Interest and all other “Step Up Interest” specified in the related Supplement to the ICI Indenture.

Step-Up Interest means (i) with respect to any Subclass A-1, Subclass A-2, Subclass A-3, Subclass A-4 or Subclass A- - Airplanes Group Notes not repaid on or before the Expected Final Payment Date thereof and (ii) with respect to the Subclass A-5 or Subclass A- - Airplanes Group Notes for any period during which Step-Up Interest is accruing on any other class of the Class A Airplanes Group Notes, interest at a rate of 0.5% per annum which shall accrue in addition to the stated rate of interest on the Outstanding Principal Balance of such subclass.

Step-Up Interest means with respect to (i) any Subclass A-1 Notes not repaid on or before the Expected Final Payment Date thereof, interest, at a rate of 0.5% per annum, and (ii) any Refinancing Notes or AerCo Group Additional Notes that by their terms provide that they are entitled to Step-Up Interest at any time, interest, at a rate established by or pursuant to a Board Resolution or in any indenture supplemental hereto providing for the issuance of such Notes or specified in the form of such Notes, which shall accrue in addition to the Stated Rate of Interest on the Outstanding Principal Balance of such AerCo Group Notes.

Step-Up Interest means with respect to (i) any Subclass A-1 Notes not repaid on or before the Expected Final Payment Date thereof, interest, at a rate of 0.5% per annum, and (ii) any Refinancing Notes or MSAF Group Additional Notes that by their terms provide that they are entitled to Step-Up Interest at any time, interest, at a rate established by or pursuant to a Controlling Trustees' Resolution or in any indenture supplemental hereto providing for the issuance of such Notes or specified in the form of such Notes, which shall accrue in addition to the Stated Rate of Interest on the Outstanding Principal Balance of such MSAF Group Notes.

Step-Up Interest shall have the meaning ascribed thereto under Section ‎2.7.1 below. “Subsidiaries” - shall have the meaning ascribed thereto under Section ‎6.3 below.