Required Interest Payments Clause Samples
The Required Interest Payments clause obligates a borrower to make regular interest payments on a loan or financial obligation according to a predetermined schedule. Typically, this clause outlines the frequency of payments—such as monthly or quarterly—and specifies how the interest amount is calculated, often based on the outstanding principal and an agreed-upon interest rate. By clearly defining the borrower's payment responsibilities, this clause ensures timely compensation to the lender and helps prevent disputes over payment expectations.
Required Interest Payments. Bond Interest Rate Days in Applicable Period Interest Due
i. Tranche A-1 Bond
ii. Total Required Interest Amount:
Required Interest Payments. Days in Interest Rate Applicable Period Interest Due ------------------- ----------------------- ------------------
i. Tranche A-1 ii. Tranche A-2 iii. Tranche A-3 iv. Tranche A-4 v. Total:
Required Interest Payments. Securitization Bond Days in Interest Interest Rate Applicable Period Due ------------------ ----------------- -------- i. Class A-1 Securitization Bond ii. Class A-2 Securitization Bond iii. Class A-3 Securitization Bond iv. Class A-4 Securitization Bond v. Class A-5 Securitization Bond vi. Class A-6 Securitization Bond VII. TOTAL REQUIRED INTEREST AMOUNT:
Required Interest Payments. Days in Note/Cert Applicable Interest Interest Rate Period Due ------------- ------ ---
i. Class A-1 Note/Certificate
ii. TOTAL REQUIRED INTEREST AMOUNT:
Required Interest Payments i. Class A-1 Bond
ii. Total Required Interest Amount:
Required Interest Payments. Borrower shall pay to the Administrative Agent, as agent for itself and the Holders, all accrued, unpaid interest on the Notes monthly, in arrears, beginning on May 1, 2001,and continuing on the first day of each calendar month thereafter through and including April 1, 2011.
Required Interest Payments. Note/Cert Days in Interest Interest Rate Applicable Period Due i. Class A-1 Note/Cert 0.00% 000 $0.00 ii. Class A-2 Note/Cert 0.00 000 0.00 iii. Class A-3 Note/Cert 0.00 000 0.00 iv. Class A-4 Note/Cert 0.00 000 0.00 v. Class A-5 Note/Cert 0.00 000 0.00 vi. TOTAL REQUIRED INTEREST AMOUNT: 0.00 000 0.00
Required Interest Payments. Note/Cert Days in Interest Interest Rate Applicable Period Due i. Class A-1 Note/Cert 0.00% 000 $0.00 ii. Class A-2 Note/Cert 0.00 000 0.00 iii. Class A-3 Note/Cert 0.00 000 0.00 iv. Class A-4 Note/Cert 0.00 000 0.00 v. Class A-5 Note/Cert 0.00 000 0.00 vi. TOTAL REQUIRED INTEREST AMOUNT: 0.00 000 0.00