Past Due Interest definition

Past Due Interest means with reference to any Funding Period Settlement Date, any portion of the Funding Period Interest originally due on a previous Funding Period Settlement Date that remains outstanding on the current Funding Period Settlement Date.
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Past Due Interest failure by Purchaser to make payments in due time and proper form shall give rise to past due interests payable thereby to accrue. Those past due interests that shall be computed over past due outstanding balances, beginning on maturity date and continuing during all time the debt due and payable remains outstanding and up until paid in full;
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Past Due Interest means the past due interest due by the Client to PGPB in accordance to each one of the Purchase/Sale Contracts and in accordance wit this Contract.
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Examples of Past Due Interest in a sentence

  • All overdue amounts shall bear interest at a rate equal to the lower of: (i) ten percent (10%) per annum or (ii) the highest rate permitted by law ("Past Due Interest").

  • Lender is willing to presently provide a waiver and forbear from exercising its rights and remedies to collect the Past Due Interest, on the terms and subject to the conditions contained in this Agreement.

  • If the application of such sums is sufficient to cure the Material Breach, including Past Due Interest owed to date of draw, then the Material Breach shall be deemed cured and Ryder shall not terminate this Agreement due to such Material Breach; if the application of such sums is not sufficient for such purpose, then Ryder may terminate this Agreement due to the Material Breach pursuant to Section 13A.

  • The payments referred to in this Clause will apply in the first place to the Past Due Interest (should there be any) and secondly to the Adjustments per Coverage.

  • After giving effect to the application of the initial Tranche B Term Loans to pay the Past Due Interest Payment on the Closing Date, no Default has occurred and is continuing.

  • On the first day of the first calendar month beginning after the Past Due Interest Payment Date, and continuing thereafter on the first day of each calendar month until the earlier of the Catch-Up Date or the Due Date, Accrued and Unpaid Interest hereon shall be due and payable from the Minimum Monthly Payments.

  • It is understood and agreed that the Principal Reduction Conditions set forth below shall not apply to the Forgiveness of the Past Due Interest.

  • If the application of such sums is sufficient to cure the Material Breach, including Past Due Interest owed to date of draw, then the Material Breach shall be deemed cured and Ryder * CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

  • The Company agrees to pay the Past Due Interest by making (a) an interest payment in the amount of $100,000 on August 1, 1997, and (b) an interest payment in the amount of $200,000 on December 31, 1997.

  • Face Market Value Amount(1) See Note 1 ------------- ------------ Ecuador--0.0% Ecuador (Republic of) Past Due Interest Bonds, 2/27/15(8) ......................


More Definitions of Past Due Interest

Past Due Interest as defined in subsection 2.1(b).
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Past Due Interest. XX Net Loan Collection Expenses to Date: XX Current P&I Payment: XX Interest Paid to Date: XX Number of Days Past Due: XX Last Amount Received: XX Maturity Date: XX Mortgage Interest Rate: XX Group Number (Sub-Pool Number): XX Servicing Transfer Date: XX Servicing Transfer Type: XX Performing/Non-Performing Status: XX Recourse: XX
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Related to Past Due Interest

  • Overdue Interest means any interest payable pursuant to Section 2.8(b) of the Credit Agreement.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Base Interest means the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement.

  • Month End Interest As defined in each Servicing Agreement.

  • Net Revenue Interest means, with respect to any Property, the interest in and to all Hydrocarbons produced, saved, and sold from or allocated to such Property after giving effect to all royalties, overriding royalties, production payments, carried interests, net profits interests, reversionary interests, and other burdens upon, measured by, or payable out or production therefrom.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Advance Interest means the interest accrued on any Servicing Advance which is payable to the party that made that Servicing Advance, in accordance with the Lead Securitization Servicing Agreement.

  • Net Interest means interest earned on a prearranged

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Asset Interest is defined in Section 2.1(b).

  • Simple interest means interest computed on the principal balance outstanding

  • Receivable Interest means, at any time, an undivided percentage ownership interest in (i) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 2.03, (ii) all Related Security with respect to such Pool Receivables, and (iii) all Collections with respect to, and other proceeds of, such Pool Receivables. Such undivided percentage interest shall be computed as

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

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

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

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

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • 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).

  • Class E Interest Rate means 5.02% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Lower Tier Interest As described in the Preliminary Statement.