Incremental Interest Payment definition
Incremental Interest Payment is defined in Section 10.6(ii)(B).
Incremental Interest Payment is defined in Section 1.3(b).
Incremental Interest Payment means, with respect to any Payment Date occurring on or prior to January 30, 2016, an amount equal to the result of (x) Collections (other than Collections described in clause (c) of the definition thereof) for the most recently complete calendar quarter preceding such Payment Date minus (y) the amounts required to be paid pursuant to clauses (i) through (viii) of Section 3.7(a) on such Payment Date; provided, that, in addition to the foregoing, the Incremental Interest Payment shall include amounts payable by the Issuer pursuant to Section 3.7(c).
Examples of Incremental Interest Payment in a sentence
The Incremental Interest Payment, if any, shall be paid quarterly by wire transfer of immediately available funds to each holder of the Notes in accordance with the terms of this Agreement.
The Incremental Interest Payment due, if any, shall be paid in conjunction with the semiannual interest payments due under the Notes by wire transfer of immediately available funds to each holder of the Notes in accordance with the terms of this Agreement.
This Note also evidences the right to receive the Incremental Interest Payment as further provided under the Indenture.