Examples of Arrearage Interest in a sentence
Dividends not paid on a Dividend Payment Date, whether or not such dividends have been declared, will bear Arrearage Interest until paid.
Koor shall be entitled to rescind this Agreement upon 14 days prior written notice to Federmann, and should Federmann fail to pay the payment on the delayed Payment Date, plus Arrearage Interest within the aforesaid 14 days - to recover possession of the Trust Shares, as they were on the date of rescission (the "RETURNED SHARES").
No full dividends shall be paid or declared and set apart for payment on any Parity Dividend Stock for any period unless all accrued but unpaid dividends (and Arrearage Interest on dividends in arrears) have been, or contemporaneously are, paid or declared and set apart for such payment on the Series D Preferred Stock.
Creditor Description of Secured Property and Address, if real property Current Monthly Payment to be paid directly to creditor by Debtor Estimated Arrearage Interest Rate on Arrearage, if applicable (%) Amount to be Paid to Creditor by the Trustee None.
The amount to be represented in the capital account for the Series A Preferred Stock at all times for each outstanding share of Series A Preferred Stock shall be an amount equal to the sum of (A) the Stated Value PLUS (B) an amount equal to the accrued and unpaid dividends on such share of Series A Preferred Stock to the date of determination PLUS (C) an amount equal to accrued and unpaid Arrearage Interest, if any, on dividends on such share of Series A Preferred Stock to the date of determination.
If the Corporation exercises such right, the Corporation shall declare and pay any such accrued and unpaid dividend and Arrearage Interest to be paid in cash in accordance with applicable law and shall make payment thereof in cash to such holder, not later than three Trading Days after such Conversion Notice is given by such holder, by wire transfer of immediately available funds to such account as shall be specified by such holder.
Where Federmann fails to pay the full dividend amounts plus interest within the seven aforesaid days, Arrearage Interest shall be added to these amounts commencing at the end of the aforesaid 7 days until the date of actual payment.
Dividends not paid within three Trading Days after a Dividend Payment Date, whether or not such dividends have been declared, will bear Arrearage Interest from such Dividend Payment Date until paid.
Arrearage Interest shall be calculated on a daily basis, starting on the date determined for performance of payment until the date of actual payment.
It should be clarified that if one of the grounds for immediate payment as set forth in Section 2.6.1 was satisfied and the Loan is not paid by the Seller within 3 Business Days, then without derogating from any of the Seller’s undertakings under this Agreement, Arrearage Interest as set forth in Section 2.4 above shall be added to the Loan (including the Interest in respect thereof).