Deferred Interest Payments definition

Deferred Interest Payments means all interest and other amounts due on the Loans as listed on Schedule A-8 attached hereto.
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Deferred Interest Payments means, as of any date of determination, the aggregate amount of interest Collections received by the Borrower with respect to a Receivable that is a Deferred Interest Loan during the deferral period for such Deferred Interest Loan, provided that any Collections deemed a Deferred Interest Payment during any such deferral period shall no longer be deemed a Deferred Interest Payment hereunder after such deferral period unless such amount is reversed as described in the definition of “Deferred Interest Loan”. [*****]
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Deferred Interest Payments as defined in Section 2.6(c).
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Examples of Deferred Interest Payments in a sentence

  • The Company may elect to defer the payment of Deferred Interest Payments on an unlimited number of occasions; provided, that, all unpaid Deferred Interest Payments shall be paid on or before the Stated Maturity of this Note.

  • Deferred Interest Payments will not be made in the instances of Death and Disability Redemptions.

  • Upon the occurrence of a Mandatory Payment Event or a Mandatory Partial Payment Event, all Deferred Interest Payments will become mandatorily due and payable in full on the date of either such event, notwithstanding any further Deferral Notice or an occurrence or continuance of a Required Deferral Condition.

  • If the Company elects to defer the payment of the Deferred Interest Payment as aforesaid, interest at a rate of 13% will accrue on the principal amount of the Note and on the accrued but unpaid Deferred Interest Payments.

  • Deferred Interest Payments will not be made in the instances of redemption as set forth in this Section.

  • Upon the occurrence of a Mandatory Payment Event or a Mandatory Partial Payment Event, no Deferred Interest Payments or Additional Interest in respect thereof will become mandatorily due and payable in full on the date of either such event or any succeeding Interest Payment Date.

  • If the Company elects to defer the payment of the Deferred Interest Payment as aforesaid, interest at a rate of 12.5% per annum will accrue on the principal amount of the Note and on the accrued but unpaid Deferred Interest Payments.

  • For purposes of this Section 1.04, "Deferred Interest Payments" shall mean all interest and other amounts due on the Loans as listed on Schedule A-8 attached hereto.

  • Such Deferred Interest Payments will accrue additional interest at the relevant interest rate prevailing from time to time (which will also be added to any Deferred Interest Payments on each subsequent Interest Payment Date and accrue interest in the same manner).

  • The interest payments for the months of July 2022, August 2022 and September 2022 (the “Deferred Interest Payments”), as further described in Schedule 1 attached hereto, shall be deferred to October 6, 2022, with the Deferred Interest Payments to be paid in full in cash on or before such date.


More Definitions of Deferred Interest Payments

Deferred Interest Payments has the meaning assigned to such term in the form of Note attached as Exhibit A.
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Deferred Interest Payments shall have the meaning ascribed thereto under Condition 4;
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Deferred Interest Payments nevertheless being payable, without further interest thereon, pro rata from the First Interest Payment Date through the Maturity Date (i.e., the payment on the First Interest Payment Date shall be the accrued and unpaid interest from December 24, 2020 through the First Interest Payment Date plus the pro rata amount of the Deferred Interest Payments assuming such amount is paid pro rata over the remaining quarters of the Loan term); and Except as expressly reflected herein, the Promissory Note will remain in full force and effect. This Allonge is intended to be attached to and made a permanent part of the Promissory Note. Dated as of the 17th day of December, 2020. Maker: BIONIK LABORATORIES CORP. By: /s/ Exxx Dusseux Name: Exxx Dusseux Title: CEO Holder: CXXXXXX MANAGEMENT By: /s/ Dxxxxxx Xxxxxxxxx Name: Dxxxxxx Xxxxxxxxx Title: Chief Executive Officer EXHIBIT 1 PROMISSORY NOTE
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Related to Deferred Interest Payments

  • Interest Payments With respect to any Purchased Asset, all payments of interest, income, receipts, dividends, and any other collections and distributions received from time to time in connection with any such Purchased Asset.

  • Scheduled Interest Payment means the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

  • Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).

  • Scheduled Interest Payment Date means (a) as to any Eurodollar Loan or Eurodollar Holder Advance, the last day of the Interest Period applicable to such Eurodollar Loan or Eurodollar Holder Advance (or respecting any Eurodollar Loan or Eurodollar Holder Advance having an Interest Period of six (6) months, the three (3) month anniversary of such Interest Period), (b) as to any ABR Loan or any ABR Holder Advance, the fifteenth day of each month, unless such day is not a Business Day and in such case on the next occurring Business Day and (c) as to all Loans and Holder Advances, the date of any voluntary or involuntary payment, prepayment, return or redemption, and the Maturity Date or the Expiration Date, as the case may be.

  • Interest Payment means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Interest Payment Dates July 1, October 1, January 1 and April 1. Record Dates: June 15, September 15, December 15 and March 15. Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Fixed Rate Interest Payment Date has the meaning set forth in clause (d) of Section 2.01 of this Supplemental Indenture.

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • Special Interest Payment Date has the meaning ascribed to it in Section 2.11 hereof.

  • Floating Rate Interest Payment Date has the meaning provided in Section 2.7(b).

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

  • Compensating Interest Payments Any payment required to be made by the Master Servicer pursuant to Section 3.13 of this Agreement to cover Prepayment Interest Shortfalls.

  • Extended Interest Payment Period shall have the meaning set forth in Section 4.1.

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

  • Compensating Interest Payment As defined in Section 6.06.

  • LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the Termination Date and the last day of each Interest Period applicable to such Loan or, with respect to each Interest Period of greater than three months in duration, the last day of the third month of such Interest Period and the last day of such Interest Period.

  • Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Interest Payment Determination Date means the date two U.S. Government Securities Business Days before each Floating Rate Interest Payment Date.

  • Interest Payable means in respect of the relevant Measurement Period ending on any Measurement Date, the aggregate of:

  • Compulsory Interest Payment Date means any Interest Payment Date unless at the Assemblée Générale of the shareholders of the Issuer immediately preceding such date which was required to approve the annual accounts of the Issuer for the fiscal year ended immediately prior to such Assemblée Générale, no resolution was passed to pay a dividend on the ordinary share capital of the Issuer in respect of such previous fiscal year and

  • Unpaid Interest Amounts As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).