Interest Payment Deferral definition

Interest Payment Deferral means a one-time temporary deferral of payment of Interest and other applicable Loan charges during a Deferral Period, requested by the Borrower, and activated by the Bank pursuant to the provisions of the Loan Agreement.

Interest Payment Deferral means a one-time temporary deferral of payment of Interest and other applicable Credit charges during a Deferral Period, requested by the

Examples of Interest Payment Deferral in a sentence

• Upon the termination of any Interest Payment Deferral Period with respect to any series of Securities and upon the payment of all Deferred Interest then due, the Company may commence a new Interest Payment Deferral Period with respect to such series of Securities, subject to the foregoing requirements.

• No interest on a series of Securities shall be due and payable during an Interest Payment Deferral Period with respect thereto, except at the end thereof; provided, that the Company may prepay at any time all or any portion of the interest accrued during any Interest Payment Deferral Period.

• To the extent permitted by applicable law, interest, the payment of which has been deferred because of the deferral of the interest payment date pursuant to this Section 13.1, will bear Additional Interest thereon for each Interest Payment Period of the Interest Payment Deferral Period.

• At the end of any Interest Payment Deferral Period with respect to any series of Securities, the Company shall pay all interest accrued and unpaid on such Securities, including any Additional Interest (together, the "Deferred Interest") that shall be payable to the Holders of Securities of such Series in whose names such Securities are registered in the Security Register on the first record date after the end of such Interest Payment Deferral Period.

• Pink Ladies/Hospital Auxiliaries - Patient Services, Fund Raising .

• For greater certainty, the parties hereto agree that in the event that the Borrower chooses to exercise the Interest Payment Deferral Option provided herein in respect of any Interest Installment, the Interest Period in respect of such Interest Installment, shall be extended to reflect that the Interest Repayment Date may be extended up to and including the Maturity Date.

• Extension of Interest Payment, Deferral of Interest Payment ........

• At the termination of any Interest Payment Deferral Period and upon the payment of all accrued and unpaid interest then due, the Company may commence a new Interest Payment Deferral Period.

• Before the termination of any Interest Payment Deferral Period, the Company may further extend such period up to the limit provided in the Trust Agreement of the applicable HCC Trust.

• Extension of Interest Payment, Deferral of Interest Payment .................