Supplemental Interest definition

Supplemental Interest means the amount, if any, in excess of Regular Interest, Points, Incentive and Gross Receipts Interest, other cash balances available for distribution in the discretion of the Board of Directors, and all other cash receipts of the Fund net of all cash expenditures of the Fund, that Affiliated Borrowers shall pay the Fund to enable it to make quarterly distributions to Stockholders equal to an annual 12% cumulative, non-compounded return on their Original Capital Contributions during the Cash Flow Guaranty Period.

Supplemental Interest has the meaning set forth in Section 6.1.

Supplemental Interest is defined in Section 3.04 of the Trust Agreement.

Examples of Supplemental Interest in a sentence

• The certificate shall set forth in reasonable detail the basis for the increase in interest rates and the manner of calculation of the increase and the amount of Supplemental Interest.

• Such certificate shall be conclusive (absent manifest error) as to the interest rate increase and amount of Supplemental Interest set forth therein.

• The Local Government's obligation to pay Supplemental Interest shall terminate on the date on which the Local Government makes all payments required but outstanding since the date of the initial failure to pay (the "Supplemental Interest Termination Date").

• The increment of interest payable pursuant to the increase in rates shall be referred to as "Supplemental Interest." The Local Government's obligation to pay Supplemental Interest shall commence on the date of the withdrawal or drawing of funds from the VRA Reserve occasioned by the Local Government's failure to pay a required payment or portion thereof as described above (the "Supplemental Interest Commencement Date").

• In determining the interest rate increase and the amount of Supplemental Interest, VRA may use any reasonable averaging and attribution methods.

More Definitions of Supplemental Interest

Supplemental Interest means any interest that accrues on any Note pursuant to Section 3.09.

Supplemental Interest has the meaning assigned to such term in the Existing Credit Agreement.

Supplemental Interest has the meaning given to such term in Section 2.08(a).

Supplemental Interest. Has the meaning provided in the Loan Agreement.

Supplemental Interest is defined in Section 3.4.

Supplemental Interest is defined in SECTION 6.3(c).

Supplemental Interest means the redemption premium payable on each date on which any part of the Advance is repaid or prepaid hereunder in an amount equal to 65% of the principal amount of the Advance so repaid or prepaid;