Foregone Interest definition

Foregone Interest has the meaning provided in Section 11.1 hereof.
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Foregone Interest has the meaning set forth in Section 2.02(f) hereof.
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Foregone Interest has the meaning provided in Section 10.1 hereof.
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Examples of Foregone Interest in a sentence

  • Any accrued and unpaid interest will in all events be due and payable upon the Maturity Date, except for Foregone Interest to the extent provided for in Article 11 of the Third Supplemental Indenture.

  • Any Deferred Interest will in all events be due and payable upon the Maturity Date, subject, in the case of Foregone Interest, to Section 2.09(vi) of the Indenture.

  • Under the terms of the Loan Agreement, Executive agrees to pay any tax imposed on Executive under federal, state, or local or other laws in connection with the forgiveness of the Original Loan Amount and any Forgiven Amount(s) or Foregone Interest Compensation (as defined in Section 3.1(a) of the Loan Agreement).

  • Any accrued and unpaid interest will, in all events be due and payable on the Maturity Date, except for the Foregone Interest to the extent provided for in Article X hereof.

  • Any Deferred Interest will in all events be due and payable upon the Final Maturity Date, subject, in the case of Foregone Interest, to Section 2.7(e) of the First Supplemental Indenture.

  • Amounts to which the holders of the Junior Subordinated Debentures would have been entitled to receive hereunder, but for the operation of this Section 11.1, are referred to as "Foregone Interest." For the avoidance of doubt, this limitation on claims for unpaid interest does not apply to Optionally Deferred Interest, and holders will have a full claim for, and right to receive, such Optionally Deferred Interest.

  • Notwithstanding the foregoing, any unpaid interest, together with any Compounded Interest, that accrued during the continuance of a Trigger Period may only be satisfied in accordance with the provisions of Section 6.3 of the Supplemental Indenture, except upon an Event of Default; provided, however, that any accrued and unpaid interest will in all events be due and payable upon maturity or redemption of the Capital Securities, except for Foregone Interest (if any).

  • Any accrued and unpaid interest will in all events be due and payable upon the Maturity Date or redemption of the Junior Subordinated Debentures, except for Foregone Interest (if any).

  • Any Deferred Interest will in all events be due and payable upon the Maturity Date, subject, in the case of Foregone Interest, to Section 2.6(f) of the First Supplemental Indenture.

  • Subordinate ------------------------ The Corporation covenants and agrees, and each Holder of a Debenture, by his or her acceptance thereof, likewise agrees, that the payment of the principal amount, interest, Redemption Price, Offer to Purchase Price and Foregone Interest evidenced by the Debentures is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full of all Permitted Secured Debt.


More Definitions of Foregone Interest

Foregone Interest has the meaning set forth in Section 2.07(f).
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Foregone Interest has the meaning set forth in Section 2.09(vi).
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Foregone Interest means, in respect of a Debenture, an amount per Debenture equal to the interest payable on the Debenture that would have accrued to the Holder of such Debenture without giving effect to the provisions of subsection 2.6(b) from and including the Change of Control Date to but not including August 30, 2003; "generally accepted accounting principles" means generally accepted accounting principles in effect from time to time in Canada as applied by the Corporation in the preparation of its consolidated financial statements;
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Foregone Interest means, in respect of this Debenture, an amount equal to the interest payable on this Debenture that would have accrued to the Holder without giving effect to the provisions of subsection 2.01(3) from and including the Change of Control Date to but not including the Maturity Date;
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Related to Foregone Interest

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Base Interest means the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Legitimate Interest means the interest of our business in conducting and managing our business to enable us to give you the best service/product and the best and most secure experience. We make sure we consider and balance any potential impact on you (both positive and negative) and your rights before we process your personal data for our legitimate interests. We do not use your personal data for activities where our interests are overridden by the impact on you (unless we have your consent or are otherwise required or permitted to by law). You can obtain further information about how we assess our legitimate interests against any potential impact on you in respect of specific activities by contacting us.

  • Private interest means an interest held by an individual that is:

  • Simple interest means interest computed on the principal balance outstanding

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Base Interest Fraction With respect to any Principal Prepayment on any Mortgage Loan and with respect to any Class of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-AB, Class A-S, Class B, Class C, Class D and Class E Certificates, a fraction (a) whose numerator is the amount, if any, by which (i) the Pass-Through Rate on such Class of Certificates exceeds (ii) the discount rate used in accordance with the related Loan Documents in calculating the Yield Maintenance Charge with respect to such Principal Prepayment (or, if the Yield Maintenance Charge is a fixed percentage of the principal balance of the related Mortgage Loan, the yield rate applicable to any related yield maintenance charge or that is otherwise described in the related Loan Documents) and (b) whose denominator is the amount, if any, by which (i) the Mortgage Rate on such Mortgage Loan exceeds (ii) the discount rate used in accordance with the related Loan Documents in calculating the Yield Maintenance Charge with respect to such Principal Prepayment (or, if the Yield Maintenance Charge is a fixed percentage of the principal balance of the related Mortgage Loan, the yield rate applicable to any related yield maintenance charge or that is otherwise described in the related Loan Documents); provided, however, that under no circumstances shall the Base Interest Fraction be greater than one. If the discount rate referred to in the preceding sentence is greater than or equal to both of (x) the Mortgage Rate on the related Mortgage Loan and (y) the Pass-Through Rate described in the preceding sentence, then the Base Interest Fraction shall equal zero, and if such discount rate is greater than or equal to the Mortgage Rate on such Mortgage Loan, but less than the Pass-Through Rate described in the preceding sentence, then the Base Interest Fraction shall equal one.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • Asset Interest is defined in Section 2.1(b).

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.