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.

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

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.

Examples of Step-Up Interest in a sentence

• In case of any inconsistency between the terms and conditions of the Step-Up Interest Account and the Terms and Conditions for Accounts and Services, the terms and conditions herein contained shall prevail.

• Customer should pay attention to the notices available from the aforementioned sources.6. The terms and conditions of the Step-Up Interest Account shall be in addition and supplementary to and not in substitution or in derogation of the Terms and Conditions for Accounts and Services and all other terms and conditions applicable to customers from time to time.

• Step-Up Interest Notes The Issuer may issue Step-Up Interest Notes.

• By opening a Citibank Step-Up Interest Account(if available to me), I accept and agree to abide by the following terms and conditions in addition to the provisions under the section entitled “General” in these Terms and Conditions and the terms and conditions imposed by you from time to time in respect of Checking Accounts maintained with you.

• I acknowledge that the nature of the Citibank Step-Up Interest Account is a checking (current) account which pays interest in accordance with the terms and conditions stated below.

More Definitions of Step-Up Interest

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

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

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 has the meaning set forth in paragraph 1 of the Securities.

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 subclass 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. (ii) The following terms shall be added to have the following meanings indicated below: "Subclass A- - Airplanes Group Notes" means the Subclass A- - Notes and the Subclass A- - Guarantor Notes. "Subclass A- - Amortization Commencement Date" means the date that is the earlier of (i) the Expected Final Payment Date of the Subclass A- - Airplanes Group Notes and (ii) the date of repayment in full of the Subclass A-4 Airplanes Group Notes; provided that no Subclass A- - Principal Distribution Amount shall be paid until the Outstanding Principal Balance of the Subclass A-2 Airplanes Group Notes has been repaid in full.

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.