Waived Interest definition
Examples of Waived Interest in a sentence
Any such Waived Interest shall not thereafter become due and payable and any claim of the Portfolio Manager therein shall be extinguished.
Any of these Plans may be offered at any time and are conditioned on your timely payment of at least the Minimum Payment Due for each billing statement: a) Waived Interest Charge Credit Plan With this Plan there are no Interest Charges on your purchase for a specified period.
Each September 2007 Purchaser, severally and not jointly with the other September 2007 Purchasers, hereby waives the Company’s obligation to pay the interest payments which would otherwise be due on October 1, 2008 and January 1, 2009 with respect to the September 2007 Debenture (collectively, the “September 2007 Waived Interest Payments”).
For Waived Interest Charge Credit Plans: No interest is charged for the promotional period.
The holders of the relevant Notes shall, on Closing, be deemed to unconditionally and irrevocably waive the Notes Waived Interest Amount.
Concurrently upon execution of this Agreement, the Company shall execute and deliver to the B▇▇▇▇▇▇ Trust an unsecured, convertible promissory note of the Company payable to the order of the B▇▇▇▇▇▇ Trust in the amount equal to the difference of the Aggregate Debt less the Waived Interest (the “Restructured Principal”), substantially in the form of Exhibit “B” attached hereto and made a part hereof (the “New Promissory Note”).
By: Name: Title: PORTABLE ENERGY DE MEXICO, S.A. de C.V. By: Name: Title: * = 120% of the sum of (i) the Pre-Amendment Outstanding Principal plus (ii) the Waived Interest Payments.
For the avoidance of doubt, the amounts of each Investor’s Waived Interest Payments are set forth on Schedule 6 to this Agreement.