Unpaid Interest Amount definition

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).

Unpaid Interest Amount means the amount of the Unpaid Interest in relation to any Non-Cash Re-Draw on any Flexible Mortgage Loan;

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 remaining unpaid prior to the current Distribution Date and (b) interest on the amount in clause (a) at the applicable Pass-Through Rate (to the extent permitted by applicable law). U.S. Bank: U.S. Bank National Association, a national banking association, and its successors in interest. U.S. Person: (i) A citizen or resident of the United States; (ii) a corporation (or entity treated as a corporation for tax purposes) created or organized in the United States or under the laws of the United States or of any State thereof, including, for this purpose, the District of Columbia; (iii) a partnership (or entity treated as a partnership for tax purposes) organized in the United States or under the laws of the United States or of any State thereof, including, for this purpose, the District of Columbia (unless provided otherwise by future Treasury regulations); (iv) an estate whose income is includible in gross income for United States income tax purposes regardless of its source; or (v) a trust, if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more U.S. Persons have authority to control all substantial decisions of the trust. Notwithstanding the last clause of the preceding sentence, to the extent provided in Treasury regulations, certain trusts in existence on August 20, 1996, and treated as U.S. Persons prior to such date, may elect to continue to be U.S. Persons.

Examples of Unpaid Interest Amount in a sentence

• Upon a voluntary conversion prior to the maturity date, 100% of the interest that would have been payable between the date of the voluntary conversion and the maturity date (the “Unpaid Interest Amount”) shall be converted into such number of Pareteum Shares equal to the Unpaid Interest Amount divided by the conversion price.

• The Trustee must, in accordance with the Series Supplement, on each Fixed Interest Payment Date apply any amount available under the Series Supplement in the order contemplated by the Series Supplement, towards the Class A3 Unpaid Interest Amount in relation to the Interest Period ending on that Fixed Interest Payment Date.

• Class A2a Floating Payment in relation to a Payment Date, provided that the Issuer has paid the amount described in Condition 4.9(a) above in full, means the Interest Amount with respect to the Class A2a Notes (plus the Unpaid Interest Amount in accordance with Condition 4.10).

• Upon a final distribution being made in respect of the Class A2a Notes under Clause 2.13 or2.14 of the Series Supplement, the Class A2a Notes will thereupon be deemed to be redeemed and discharged in full and any obligation to pay any accrued but then unpaid Interest Amount, Unpaid Interest Amount and any then unpaid Principal Outstanding or Stated Amount or other amounts in relation to the Class A2a Notes will be extinguished in full.

• If interest in respect of a Class A2a Note is not paid on the date when due and payable, that unpaid interest will itself bear interest at the Interest Rate in relation to that Class A2a Note applicable from time to time until (but excluding the date of payment) the unpaid interest, and any interest on it, is paid in full in accordance with Condition 4.9 (the unpaid interest, and any interest on that unpaid interest, in relation to a Class A2a Note is an Unpaid Interest Amount).

More Definitions of Unpaid Interest Amount

Unpaid Interest Amount. As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest from Distribution Dates remaining unpaid prior to the current Distribution Date and (b) interest on the amount in clause (a) at the applicable Pass-Through Rate (to the extent permitted by applicable law). U.S. Bank: U.S. Bank National Association, a national banking association, and its successors in interest.

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). For purposes of determining interest allocations on a Distribution Date, the amount of Unpaid Interest Shortfalls for the Class A-3b Certificates will be paid to the Unpaid Interest Shortfall for that Class for the following Class A-3b Distribution Date.

Unpaid Interest Amount. On each Floating Rate Payer Payment Date Party B will pay to Party A the A$ Class A-1 Unpaid Interest Payment in relation to the Quarterly Distribution Date which is the same day as that Floating Rate Payer Payment Date.

Unpaid Interest Amount in relation to an A$ Security and the relevant Monthly Distribution Date or Quarterly Distribution Date means the aggregate of any Interest Amounts in relation to that A$ Security remaining unpaid from previous applicable Monthly Distribution Dates or Quarterly Distribution Dates and any interest accrued but remaining unpaid on that A$ Security as at that Monthly Distribution Date or Quarterly Distribution Date pursuant to clause 5.8(b).

Unpaid Interest Amount in relation to an A$ Security and a Distribution Date means the aggregate of any Interest Amounts in relation to that A$ Security remaining unpaid from previous Distribution Dates and any interest accrued but remaining unpaid on that A$ Security as at that Distribution Date pursuant to clause 5.8(b).

Unpaid Interest Amount. As of any Distribution Date and with respect to any Class of Certificates (other than the Class R Certificates, Class P Certificates or Class X Certificates), the sum of (i) the amount, if any, by which (X) the sum of (a) the Accrued Certificate Interest for such Class for such Distribution Date plus (b) the Unpaid Interest Amount for such Class as of the immediately preceding Distribution Date exceeds (Y) the amount paid to the Certificateholders of such Class on such Distribution Date with respect to interest and (ii) to the extent permitted by law, interest on the amount determined pursuant to clause (i)(b) at the applicable Pass-Through Rate for the number of days in the related Accrual Period.

Unpaid Interest Amount means the amount of the Unpaid Interest in relation to any Non-Cash Borrow-back.