Examples of Unpaid Interest in a sentence
If this occurs, the Issuer may not have enough assets remaining after these payments to pay amounts due under the Subordinated Notes.The shareholders of the Issuer may, pursuant to Condition 10 (Reduction of Amounts of Principal and Unpaid Interest), reduce and cancel part or all of the Outstanding Principal Amount and any Arrears of Interest of the Subordinated Notes provided that the requirements set out in Condition 10 (Reduction of Amounts of Principal and Unpaid Interest) are met.
No interest penalty shall be assessed on payments made in full on or before the thirtieth (30th) day from the date payments are due.(c) Unpaid Interest.
The Trustee must, in accordance with the Series Supplement, on each Fixed Interest Payment Date apply any amount available under the Series Supplement in the order contemplated by the Series Supplement, towards the Class A3 Unpaid Interest Amount in relation to the Interest Period ending on that Fixed Interest Payment Date.
Any Arrears of Interest (together with all corresponding Additional Interest Amounts but excluding any interest that has been cancelled prior to 1 January 2016 pursuant to Condition 7 (Reduction or Cancellation of Principal and Unpaid Interest)) may be paid by the Issuer, in whole or in part, at any time at its discretion, provided that, if a Mandatory Deferral Event has occurred and is continuing on the relevant payment date, the Interest Payment Deferral Waiver Conditions have been fulfilled.
Accrued Interest will be calculated on a daily basis and, in respect of Unpaid Interest, compound on each Interest Payment Date.