Accrued interest on definition

Accrued interest on the unpaid Adjusted Principal Amount shall be payable in arrears every six months beginning with the date that is six months after the date of this Note, in an amount equal to all of the interest accrued during the immediately preceding six month period. Borrower shall make a payment of the total Adjusted Principal Amount of advances then outstanding, together with accrued and unpaid interest to such date, on the Due Date. Borrower shall have no obligation to pay the Adjusted Principal Amount, or any portion thereof, until the Due Date or such earlier date upon which the loan is accelerated. Borrower shall make each payment hereunder not later than 11:00 a.m. (Mountain Standard Time) on the day when due in U.S. dollars at Lender's office at ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇. Each payment shall first be applied to late charges, costs of collection or enforcement and other similar amounts due, if any, under this Note, then to interest due and payable hereunder and the remainder to the Adjusted Principal Amount due and payable hereunder. The aggregate unpaid Adjusted Principal Amount shown on the records of Lender shall be rebuttable presumptive evidence of the Adjusted Principal Amount owing and unpaid on this Note.
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Accrued interest on. Tranche A Base Rate Loans shall be payable on each Quarterly Date commencing on June 30, 2000, and accrued interest on each Tranche A Eurodollar Loan shall be payable on the last day of the Interest Period therefor and, if such Interest Period is longer than three months at three-month intervals following the first day of such Interest Period, except that interest payable at the Post-Default Rate shall be payable from time to time on demand and interest on any Tranche A Eurodollar Loan that is converted into a Tranche A Base Rate Loan (pursuant to Section 5.04) shall be payable on the date of conversion (but only to the extent so converted). Promptly after the determination of any interest rate provided for herein or any change therein, the Agent shall notify the Lenders to which such interest is payable and the Borrower thereof. Each determination by the Agent of an interest rate or fee hereunder shall, except in cases of manifest error, be final, conclusive and binding on the parties.
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Accrued interest on all Eurodollar Rate Advances shall be payable as follows: (i) on the last day of the Interest Period for such Advance (unless the Interest Period for such Advance is in excess of three (3) months, in which event accrued interest also must be paid on the first day of each third month following the commencement of such Interest Period), (ii) on the date any such Advance is converted or continued (if applicable) or paid in full, (iii) on the Termination Date, and (iv) after maturity, on demand.
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Examples of Accrued interest on in a sentence

  • Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month.

  • Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis of actual days elapsed over a 30-day month.

  • Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months.

  • Accrued interest on any Certificate shall be calculated based upon a 360-day year consisting of twelve 30-day months and Pass-Through Rates shall be carried out to eight decimal places, rounded if necessary.

  • Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity.

  • Accrued interest on the amount so prepaid shall be payable on the first Business Day of the calendar quarter next following the prepayment.

  • Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for a partial month, on the basis of the number of days actually elapsed in a 30-day month.

  • Accrued interest on that part of the predecessor Notes evidenced by the replacement Notes shall be paid to the assignor Lender.

  • Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter and at maturity.

  • Accrued interest on that part of the predecessor Notes evidenced by the new Notes, and accrued fees, shall be paid as provided in the Lender Assignment Agreement.


More Definitions of Accrued interest on

Accrued interest on a Revolving Loan (or portion thereof) being extended or converted shall be paid by the Borrower (A) with respect to any Base Rate Loan being converted to a Eurodollar Loan, on the last day of the first fiscal quarter of the Borrower ending on or after the date of conversion and (B) otherwise, on the date of extension or conversion.
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Related to Accrued interest on

  • Accrued Interest means, with respect to Single Family Shared-Loss Loans, the amount of earned and unpaid interest at the note rate specified in the applicable loan documents, limited to 90 days.

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Interest Only Loan means a Mortgage Loan which only requires payments of interest for a period of time specified in the related Mortgage Note.

  • 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).

  • Class B Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.