Minimum Interest Amount definition

Minimum Interest Amount means, on any date and with respect to any principal amount owing under this Note, the difference between (a) 8% of the Original Principal Amount calculated from the Original Issue Date until the Maturity Date and (b) any payment of interest made prior to such date with respect to such principal amount.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Minimum Interest Amount means 10% of the Initial Principal Amount of this Note, which amounts represents a full year of interest payments hereunder; provided, that such amount shall be reduced by the amount of interest accrued hereunder on the principal amount of this Note.

Minimum Interest Amount means the amount specified as such in the relevant Final Terms.

Examples of Minimum Interest Amount in a sentence

The Holder (or, for payments owing to the Collateral Agent, the Collateral Agent) may, in its sole discretion, apply or recharacterize any payment made under any Transaction Document to the payment of any outstanding Obligation, regardless of the intended characterization thereof by any Company Party, including by recharacterizing a payment of principal made to a payment of a Minimum Interest Amount or a required fee, even if this characterization results in a smaller payment of principal.
Any interest accrued and unpaid on any principal amount, and any remaining Minimum Interest Amount on such principal amount, shall be due and payable upon any repayment of such principal amount under this Note.
Accrued interest shall replace and not add to the Minimum Interest Amount and all payments of such accrued interest shall cause a corresponding reduction in any remaining Minimum Interest Amount.
The Holder (or, for payments owing to it, the Collateral Agent) shall have the option to refuse or accept, in their sole discretion, any payment to the Collateral Agent, the Holder or their Purchaser Parties attempted to be made without a required notice, without a required Minimum Interest Amount or without a required fee.
The Minimum Interest Amount is intended to compensate the Holder for a lesser profit in case of early repayment and for the internal and external work and expenditure of time and money involved in the evaluation and preparation of the Transaction Documents and the Closing thereunder.

More Definitions of Minimum Interest Amount

Minimum Interest Amount means, as of any date of determination occurring during the periods described in the table below, the amount set forth opposite each such applicable period: The period commencing on the Third Amendment Effective Date and ending on March 31, 2025 $0 The period commencing on April 1, 2025 and at all times thereafter An amount equal to interest payments that would be required for two (2) calendar quarters, calculated based on the aggregate principal balance of outstanding Term Loans during such period

Minimum Interest Amount means 5% of the Initial Principal Amount of this Note; provided, that such amount shall be reduced by the amount of interest accrued hereunder on the principal amount of this Note.

Minimum Interest Amount means, as of any date of determination occurring during the periods described in the table below, the amount set forth opposite each such applicable period:

Minimum Interest Amount means interest upon the Minimum Balance at the interest rate in effect on the date that express written notice of such termination is given to Lender (or, if no such notice is given, the rate in effect on the effective date of termination), for the period commencing on the date of such written notice of termination (or, if no such notice is given, commencing on the effective date of termination) and ending at the end of the Term (or at the end of a period of sixty (60) days thereafter, if such termination notice is given by Borrowers during or at the end of a Renewal Term on less than sixty (60) days notice or if no termination notice is given).

Minimum Interest Amount means, with respect to the Notes, the amount of interest which would have been payable on the Notes in accordance with the provisions of sub-paragraph 12(A) above, if on the relevant Interest Accrual Date Loss Determination Amounts and (where applicable) Cash Settlement Amounts had been determined in respect of each Undetermined Reference Entity and (where applicable) each relevant Nominal Amount Reduction Valuation Date had fallen on or before such Interest Accrual Date, on the basis that the Final Price (as defined in the Default Swap Agreement) of each related Reference Obligation (as defined therein) is zero. When determining any Minimum Interest Amount the Calculation Agent shall determine the aggregate nominal amount of the Deliverable Collateral in good faith and in a commercially reasonable manner. For the avoidance of doubt, in such circumstances, the Deliverable Collateral will not be transferred to the Swap Counterparty and the Asset Swap Agreement will not actually be terminated in part, until the relevant Cash Settlement Date.

Minimum Interest Amount means, on any date and with respect to any principal amount owing under this Note, the difference between (a) 10% of such principal amount, representing a full year of interest payments hereunder and (b) any payment of interest made prior to such date with respect to such principal amount. The Minimum Interest Amount is not meant as a penalty but rather is meant to cover H▇▇▇▇▇’s transaction costs incurred in connection with its analysis of this investment as well as the costs associated with the negotiation and consummation of the transactions contemplated herein, H▇▇▇▇▇’s opportunity costs, and H▇▇▇▇▇’s minimum anticipated profit.

Minimum Interest Amount means an amount equal to $200,000.