Additional Interest definition
Examples of Additional Interest in a sentence
In order to elect to pay Additional Interest as the sole remedy during the first 360 days after the occurrence of any Event of Default described in the immediately preceding paragraph, the Company must notify all Holders of the Notes, the Trustee and the Paying Agent of such election in writing prior to the beginning of such 360-day period.
No Post-ARD Additional Interest shall be distributed to the Holders of the Class R Certificates.
The portion of the Trust Fund consisting of the Post-ARD Additional Interest with respect to the Trust Loan and related proceeds will be treated as a grantor trust (the “Grantor Trust”) for federal income tax purposes, and the Sequential Pay Certificates, Class RR Certificates and the RR Interest will represent undivided beneficial interests in such Class’s or RR Interest’s entitlements to the Grantor Trust.
Unless the context otherwise requires, any express mention of Additional Interest in any provision hereof shall not be construed as excluding Additional Interest in those provisions hereof where such express mention is not made.
Unless the context otherwise requires, any reference to interest on, or in respect of, any Note in this Indenture shall be deemed to include Additional Interest if, in such context, Additional Interest is, was or would be payable pursuant to Section 6.03.