Default Interest Amount definition

Default Interest Amount is defined in Section 4.5(c).
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Default Interest Amount means $8,322,917, representing accrued, unpaid default interest at a rate of 1% per annum outstanding under the First Lien Revolving Credit Agreement.
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Default Interest Amount has the meaning set forth in Section 5.15(c).
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Examples of Default Interest Amount in a sentence

  • Notwithstanding the foregoing, on the date on which no Installment Payments or any other amount required to be paid hereunder remains unpaid, the City shall pay to the Authority a fee equal to any accrued and unpaid Excess Default Interest Amount.

  • Any payments not made within the specified period of time for payment shall incur an interest charge at the rate of the Default Interest Amount on such overdue amounts, excluding any amounts that are subject to a bona fide dispute between the Parties.


More Definitions of Default Interest Amount

Default Interest Amount means, in respect of each Note of a Series, such Note's pro rata share of the Aggregate Default Interest Amount (if any);
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Default Interest Amount means the prime rate of interest quoted in The Wall Street Journal on the first business day of the month during which an amount becomes overdue under this Supply Agreement, plus [***] calculated on an annual basis.
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Related to Default Interest Amount

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

  • 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.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 3.50% above the Alternate Base Rate.

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Actual Interest Amount is defined in Section 3.1(b)(vii) of this Agreement.

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to: