Aggregated Default Interest definition

Aggregated Default Interest has the meaning set forth in Section 2.05(a).
Sample 1Sample 2Sample 3
Aggregated Default Interest has the meaning defined in Section 2.07(b) of the Note Purchase Agreement or in Section 2.07(b) of the Credit Agreement, as the case may be.
Sample 1Sample 2
Aggregated Default Interest is defined in Section 3.04(c).
Sample 1Sample 2

Examples of Aggregated Default Interest in a sentence

  • Such accrued interest shall be aggregated on the last day of such Interest Period, accrue interest at the Aggregated Default Interest Rate and shall be deemed "Aggregated Default Interest." Aggregated Default Interest and the interest thereon shall be distributed in accordance with Section 2.08 of the Facility Agreement.

  • Such accrued interest shall be aggregated on the last day of such Interest Period, accrue interest at the Aggregated Default Interest Rate and shall be deemed “Aggregated Default Interest.” Aggregated Default Interest and the interest thereon shall be payable in accordance with Section 2.18.

  • Such accrued interest shall be aggregated on the last day of such Interest Period, accrue interest at the Aggregated Default Interest Rate and shall be deemed “Aggregated Default Interest.” Aggregated Default Interest and the interest thereon shall be distributed in accordance with Section 2.08 of the Facility Agreement.

  • On the Maturity Date, the Borrower shall repay to the Collection Account the aggregate outstanding principal amount of the Loans and all accrued interest thereon (including all Aggregated Default Interest), and the Loans of each Lender shall be ratably repaid.


More Definitions of Aggregated Default Interest

Aggregated Default Interest. At any time during which an Event of Default (but not a Servicer Replacement Event unless an Event of Default is also continuing) has occurred and is continuing, Class A and Class B Loans shall bear additional interest on the outstanding principal amount at a rate per annum equal to the Default Margin and such accrued additional interest, together with any additional interest which has accrued due to any Interim Repayment Date Margin Increases, shall be aggregated on the last day of the Interest Period (all such aggregated additional interest, the “Aggregated Default Interest”). Such accrued interest shall be aggregated on the last day of the Interest Period along with the Aggregated Default Interest and shall be deemed total “Aggregated Default Interest” upon such aggregation. Aggregated Default Interest and the interest thereon shall be payable in arrears on the date on which the aggregate principal amount of the Loans have been paid in full.
Sample 1
Aggregated Default Interest has the meaning set forth in Section 2.05(a). “Aggregated Default Interest Rate” means, for any day during any Interest Period, the sum of the Adjusted EurodollarInterest Rate for such day in such Interest Period plus 500 basis points. “Agreement” means this Warehouse Loan Agreement, as amended, supplemented, amended and restated or otherwise modified from time to time. “Amended Loan Documents” means this Agreement, the Management Agreement, the Security Agreement and the Asset Contribution and Purchase Agreement. “Amendment Closing Date” means March 15, 2021. “Anti-Corruption Laws” means all laws, rules, regulations, as amended, applicable to the Facility Parties concerning or related to bribery or corruption, including the U.S. Foreign Corrupt Practices Act of 1977, the UK Xxxxxxx Xxx 0000, and all other applicable anti-bribery and corruption laws. “Anti-Money Laundering Laws” has the meaning assigned to such term in Section 5.10(b). “Applicable Law” means, with reference to any Person, all laws (foreign or domestic), statutes, rulings, codes, ordinances and treaties, including the FRA and the Interchange Rules, and all judgments, decrees, injunctions, writs and orders of any court, arbitrator or other Governmental Authority, and all rules, regulations, orders, interpretations, directives, licenses and permits of any governmental body, instrumentality, agency or other regulatory authority applicable to such Person or its property or in respect of its operations, and for the avoidance of doubt shall include any Existing Law (as defined in Section 3.03(b)). “Applicable Rate” means, for any day during any Interest Period, the sum of (a) the Adjusted EurodollarInterest Rate for such Interest Period plus (b) the Facility Margin plus (c) at any time after the Revolving Termination Date, the Step-Up Margin. “Applicable Valuation” means with respect to any Railcar on any date of calculation: (i) with respect to any Railcar subject to an Operating Lease: (x) the Depreciated Appraised Value of such Railcar on such date of calculation, if (A) the aggregate Depreciated Appraised Value of all Portfolio Railcars subject to an Operating Lease as of the date of the most recent Independent Appraisal of all Portfolio Railcars subject to an Operating Lease was less than (B) the aggregate Depreciated Purchase Price of all Portfolio Railcars subject to an Operating Lease as of the date of such Independent Appraisal; or (y) the Depreciated Purchase Price of such Railcar on su...
Sample 1
Aggregated Default Interest has the meaning set forth in Section 2.05(a). “Aggregated Default Interest Rate” means, for any day during any Interest Period, the sum of the Adjusted Eurodollar Rate for such day in such Interest Period plus 500 basis points.
Sample 1
Aggregated Default Interest is defined in clause (b) of Section 3.04.
Sample 1

Related to Aggregated Default Interest

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Specified Default means a Default under Section 8.01(a), (f) or (g).

  • Post-Default Rate means, in respect of any principal of any Loan or any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum equal to four percent (4.0%) plus the Base Rate as in effect from time to time.

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.