Interest Arrears definition

Interest Arrears means in respect of any Loan as at a particular date, the amount of interest which has become due and payable but which has not been paid by the relevant Borrower; and
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Interest Arrears means any interest past due for 30 days or more.
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Interest Arrears means, with respect to each Class of Notes, accrued interest not paid on any Payment Date related to the Interest Period in which it accrued with respect to the relevant Note;
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Examples of Interest Arrears in a sentence

  • The Issuer shall procure the Registrar to make such entries in the register of Bondholders as are appropriate to reflect any increase in the principal amount of the Bonds from time to time to reflect the capitalisation of Interest Arrears on the Issue Date and the capitalisation of PIK Interest from time to time subject to and in accordance with Condition 5.


More Definitions of Interest Arrears

Interest Arrears has the meaning set out in the Conditions;
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Related to Interest Arrears

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Unpaid Interest Amounts As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Class Unpaid Interest Amounts As to any Distribution Date and Class of interest bearing Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Class Optimal Interest Distribution Amount.

  • 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;