Deferred Interest. The amount by which the interest due on a Mortgage exceeds the borrower’s monthly payment, which amount is added to the unpaid principal balance of the Mortgage.
Deferred Interest. Not applicable.
Deferred Interest. To the extent that, subject to and in accordance with the Issuer Priority of Payments, the funds available to the Issuer to pay interest on any Class of Notes (other than the most senior Class of Notes) on an Interest Payment Date (after discharging the Issuer's liabilities of a higher priority) are insufficient to pay the full amount of such interest, payment of the shortfall attributable to such Class of Notes (Deferred Interest) will not then fall due but will instead be deferred until the first Interest Payment Date for such Notes thereafter on which sufficient funds are available (after allowing for the Issuer's liabilities of a higher priority and subject to and in accordance with the relevant Issuer Priority of Payments) to fund the payment of such Deferred Interest to the extent of such available funds. Such Deferred Interest will accrue interest (Additional Interest) at the rate of interest applicable from time to time to the applicable Class of Notes and payment of any Additional Interest will also be deferred until the first Interest Payment Date for such Notes thereafter on which funds are available (after allowing for the Issuer's liabilities of a higher priority subject to and in accordance with the relevant Issuer Priority of Payments) to the Issuer to pay such Additional Interest to the extent of such available funds. Amounts of Deferred Interest and Additional Interest shall not be deferred beyond the Final Maturity Date of the applicable Class of Notes, when such amounts will become due and payable. Payments of interest due on an Interest Payment Date in respect of the most senior Class of Notes then outstanding will not be deferred. In the event of the delivery of a Note Acceleration Notice (as described in Condition 9 (Events of Default)), the amount of interest in respect of such Notes that was due but not paid on such Interest Payment Date will itself bear interest at the applicable rate until both the unpaid interest and the interest on that interest are paid as provided in the Note Trust Deed.
Deferred Interest. For a Negative Amortization Mortgage Loan, the amount, if any, by which the periodic interest accrued on such Mortgage Loan exceeds the Borrower’s required periodic interest payment then due under the related Mortgage Note, which excess interest amount is not paid by the Borrower at that time, but rather is deferred and added to the unpaid principal balance of the Mortgage Loan.
Deferred Interest. Subject to Clause 5.2, to the extent that there are insufficient funds available to pay interest on a Term Advance on any Interest Payment Date, the shortfall in the interest amount payable will not then fall due but will instead be due on the next Interest Payment Date (if any) on which sufficient funds are available to pay such interest and, pending such payment, will accrue interest at the rate specified for such Term Advance in the applicable Term Advance Supplement.
Deferred Interest. For any Class of Subordinate Notes and any Payment Date, the sum of (a) the aggregate amount of interest accrued at the applicable Note Interest Rate during the related Accrual Period on the Principal Deficiency Amount for the Class, (b) any amounts due pursuant to clause (a) for such Class for prior Payment Dates that remain unpaid and (c) interest accrued during the Accrual Period related to such Payment Date on the amount in clause (b) at the Note Interest Rate applicable to such Class.
Deferred Interest. As to any Distribution Date and with respect to Pooled Securities that are backed directly or indirectly by adjustable-rate mortgage loans that permit negative amortization, the amount, if any, by which the aggregate principal balance of the Pooled Securities is increased during the related Deposit Period as a result of the addition of interest to the principal balances of the underlying negatively amortizing adjustable-rate mortgage loans.
Deferred Interest. For any Class of Class M Notes and any Payment Date, the sum of (a) the aggregate amount of interest accrued at the applicable Interest Rate (determined without regard to the Available Funds Rate) during the related Accrual Period on the Principal Deficiency Amount for the Class, (b) any amounts due pursuant to clause (a) and interest described in clause (c) below for such Class for prior Payment Dates that remain unpaid and (c) interest accrued during the Accrual Period related to such Payment Date on the amount in clause (b) at the Interest Rate applicable to such Class determined without regard to the Available Funds Rate.
Deferred Interest. For any Distribution Date, will be the excess, if any, of the amount of interest accrued on the Mortgage Loans from the preceding Due Date to such Due Date, over the interest portion of the monthly payment due for such Due Date.
Deferred Interest. 4.1 The Borrower may, with the consent of the Lender, defer the payment of any Interest Amount in respect of the Loan (each such amount being a "Deferred Interest Amount").
4.2 Prior to any consent being given by the Lender under Clause 4.1, the Lender and the Borrower shall agree a rate at which interest shall accrue on such Deferred Interest Amount (the amount of any such accrued interest being "Additional Interest"). The Lender and the Borrower may agree at any time to revise the rate at which Additional Interest accrues.
4.3 The Borrower may, subject to Clause 4.4, pay the Deferred Interest Amount together with any Additional Interest accrued to the Lender at any time.
4.4 Following any deferral pursuant to Clause 4.1, the Lender may, upon no less than 120 calendar days' written notice, require the Borrower to pay the Deferred Interest Amount. Upon the expiry of such notice period, the Borrower shall pay to the Lender the Deferred Interest Amount together with any Additional Interest accrued.
