Cash Pay Interest definition

Cash Pay Interest has the meaning specified in Section 2.07(a).

Cash Pay Interest has the meaning given to it in the Conventional Facility Agreement.

Cash Pay Interest means any interest on the Bonds or Bond Interests that has not been capitalised in accordance with Condition 8.3 (Capitalisation).

Examples of Cash Pay Interest in a sentence

• The interest payable at the Cash Pay Interest Rate shall be payable in arrears commencing on December 31, 2019 (the “First Payment Date”), on each Payment Date thereafter and upon the Maturity Date (the “Cash Pay Interest”).

• The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until the date such Advance has been paid in full at (x) at the All PIK Interest Rate, or (y) at the Borrower’s election with the prior written consent of each Lender, at the Cash Pay Interest Rate and the PIK Interest Rate (collectively, and as applicable, the “Aggregate Interest Rate”), in each case as set forth in this Section 2.07.

• The interest payable at the Cash Pay Interest Rate, if applicable, shall be payable in arrears commencing on December 31, 2023 (the “First Payment Date”), on each Payment Date thereafter and upon the Maturity Date (the “Cash Pay Interest”).

• Cash Pay Interest shall accrue daily and shall be paid in cash to Administrative Agent.

• The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until the date such Advance has been paid in full at the Cash Pay Interest Rate and the PIK Interest Rate (collectively “the Aggregate Interest Rate”) as set forth in this Section 2.07.

More Definitions of Cash Pay Interest

Cash Pay Interest has the meaning given to that term in paragraph (a) of Clause 5.1 (Calculation and payment of Cash Pay Interest).

Cash Pay Interest has the meaning specified in Section 2.07(a). “Cash Pay Interest Rate” means a rate per annum as set forth in the table below, which shall be calculated on an actual 360-day convention and be on each Payment Date in cash. 5 26203076.0000000000.8 Payment Date: Cash Pay Interest Rate: From the Closing Date until the 6-month anniversary of the Closing Date: 4.000% From the 6-month anniversary of the Closing Date until the 12-month anniversary of the Closing Date: 4.125% From the 12-month anniversary of the Closing Date until the 18-month anniversary of the Closing Date: 4.250% From the 18-month anniversary of the Closing Date until the 24-month anniversary of the Closing Date: 4.375% From the 24-month anniversary of the Closing Date until the 30-month anniversary of the Closing Date: 4.500% From the 30-month anniversary of the Closing Date until the 36-month anniversary of the Closing Date: 4.625% From the 36-month anniversary of the Closing Date until the 42-month anniversary of the Closing Date: 4.750% From the 42-month anniversary of the Closing ​ ​ ​ ​

Cash Pay Interest means interest accruing in respect of any Indebtedness that is payable in cash on a current basis, i.e. excluding interest that accretes on Indebtedness issued at a discount or interest that is to be capitalized by being added to the principal of Indebtedness.

Cash Pay Interest means, with respect to interest on the Notes, interest payable in cash at a rate of (a) from the Issue Date to (but excluding) August 15, 2018, 9% per annum and (b) thereafter, 10% per annum.

Cash Pay Interest means, for any Interest Period in respect of any Class of Promissory Certificates, the percentage rate per annum specified for that Class of Promissory Certificates as set forth in Schedule 1.

Cash Pay Interest means an amount equal to the interest accrued on the Notes at the Cash Pay Interest Rate.

Cash Pay Interest has the meaning given to it in the Holdco Common Terms Agreement;