Deferred Interest Payment means any Elective Deferral Interest Payment, or part thereof, which has not subsequently been satisfied, or any Required Deferral Interest Payment, or part thereof, which has not subsequently been either (i) satisfied, or (ii) deferred pursuant to Section 2.04(f) hereof.
Deferred Interest Payment has the meaning given to it in Condition 5(a) (Optional Interest Deferral - Deferral of Interest Payments);
Examples of Deferred Interest Payment in a sentence
Except as otherwise provided in a supplemental indenture or Board Resolution executed pursuant to Section 3.01 for the Securities of such series, no payment deferred in accordance with the foregoing will accrue interest and no payment so deferred shall be treated as due for any purpose until the Deferred Interest Payment Date or Deferred Principal Payment Date, as the case may be.
More Definitions of Deferred Interest Payment
Deferred Interest Payment has the meaning specified in Section 2.10 (Deferral Right).
Deferred Interest Payment means an Optionally Deferred Interest Payment and/or a Mandatorily Deferred Interest Payment.
Deferred Interest Payment. ’ means any Interest Payment which, pursuant to Condition 5, the Issuer has elected to defer and which has not been satisfied;
Deferred Interest Payment means an amount equal to the BMLI Percentage multiplied by the product of (i) the Agreed Percentage and (ii) the unbilled accrued deferred interest on the principal balance of deferred interest promotional purchases in the Legacy Pool or the 2018 Pool as of the Cut-off Time, with respect to such deferred interest promotional purchases for which the promotional period has not expired prior to the Cut-off Time, and which unbilled deferred interest actually becomes due and payable by the applicable Borrowers following the Cut-off Time pursuant to the Program Policies and Procedures; provided that the Deferred Interest Payment shall not include any unbilled accrued deferred interest on the principal balance of deferred interest promotional purchases in the Legacy Pool or the 2018 Pool as of the Cut-off Time, to the extent such unbilled accrued deferred interest is in respect of any Excluded Receivable.
Deferred Interest Payment has the meaning given in Condition 6(a);
Deferred Interest Payment means a cumulative non-compounding 1% deferred interest payment which the Company is obligated to make to Bondholders on maturity dates of the Bonds in such series.
Deferred Interest Payment has the meaning given to it in Condition 3(b)(i).