Definition of Term Interest

  1. Term Interest means interest accruing on the unpaid principal balance of the Term Loan at the Term Interest Rate.

Examples of Term Interest in a sentence

  1. The Trustee shall give notice, Electronically or by first class mail, in the name of the Issuer, of the redemption of the Bonds, not less than thirty (30) nor more than sixty (60) days prior to the redemption date for Bonds bearing interest fixed to the Maturity Date or at Daily, Weekly or Long-Term Interest Rates, and at any time not more than sixty (60) days prior to the redemption date for Bonds bearing interest at Bond Interest Term Rates.

Definition of Term Interest in Amended and Restated Loan and Security Agreement

Term Interest means interest accruing on the unpaid principal balance of the Term Loan at the Term Interest Rate.