Accrued Additional Interest definition

Accrued Additional Interest shall have the meaning assigned to such term in the Mortgage Loan Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Accrued Additional Interest if any, shall be paid semi-annually on May 15 and November 15, in each year; and the amount of accrued Additional Interest shall be determined on the basis of the number of days actually elapsed. Any accrued and unpaid interest (including Additional Interest) on this Security upon the issuance of an Exchange Security (as defined in the Indenture) in exchange for this Security shall cease to be payable to the Holder hereof but such accrued and unpaid interest (including Additional Interest) shall be payable on the next Interest Payment Date for such Exchange Security to the Holder thereof on the related Regular Record Date.] The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be May 1 or November 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. In the case of a default in payment of principal and premium, if any, upon acceleration or redemption, such interest shall be payable pursuant to the preceding paragraph on such overdue principal (and premium, if any), such interest shall be payable on demand and, if not so paid on demand, such interest shall itself bear interest at the rate of 1% per annum (to the extent that the payment of such interest shall be legally enforceable), and shall accrue from the date of such demand for payment to the date payment of such interest has been made or duly provided for, and such interest on unpaid interest shall also be payable on demand. If this Security is issued in the form...

Accrued Additional Interest has the meaning set forth in Section 2.3.1(b).

Examples of Accrued Additional Interest in a sentence

Borrower’s obligation to pay Accrued Additional Interest shall constitute additional Debt evidenced by this Agreement and the Note.
Accrued Additional Interest, if any, shall be paid in cash in arrears semi-annually on May 15 and November 15 in each year, and the amount of accrued Additional Interest shall be determined on the basis of the number of days actually elapsed.
Borrower shall pay to Lender on the Maturity Date the Outstanding Principal Balance, all accrued and unpaid interest (including, without limitation, Accrued Additional Interest) and all other amounts due hereunder and under the Note, the Mortgage Documents and the other Loan Documents.
Accrued Additional Interest, if any, shall be paid in cash in arrears semiannually on March 15 and September 15 in each year; and the amount of accrued Additional Interest shall be determined on the basis of the number of days actually elapsed.
Accrued Additional Interest, if any, shall be paid on the Securities in cash in arrears semiannually on the interest payment dates for the Securities.
Accrued Additional Interest, if any, shall be paid in cash in arrears semiannually on May 21 and November 21 in each year; and the amount of accrued Additional Interest shall be determined on the basis of the number of days actually elapsed.
Accrued Additional Interest shall be paid semi-annually on the Interest Payment Dates; and the amount of accrued Additional Interest shall be determined on the basis of the number of days actually elapsed.
Accrued Additional Interest, if any, shall be paid in cash in arrears semiannually on March 1 and September 1 in each year; and the amount of accrued Additional Interest shall be determined on the basis of the number of days actually elapsed.
Interest accruing as a result of the Step-Up is referred to herein as “Additional Interest.” Accrued Additional Interest shall be paid semi-annually on the Interest Payment Dates; and the amount of accrued Additional Interest shall be determined on the basis of the number of days actually elapsed.
Accrued Additional Interest, if any, shall be paid in cash in arrears semi-annually on March 15 and September 15 in each year, and the amount of accrued Additional Interest shall be determined on the basis of the number of days actually elapsed.

More Definitions of Accrued Additional Interest

Accrued Additional Interest as defined in the Mortgage Loan Agreement.

Accrued Additional Interest shall have the meaning set forth in Section 2.2.1(d).