Normal Interest definition

Normal Interest has the meaning given to it in Condition 4 (Interest);

Examples of Normal Interest in a sentence

  • As presented throughout this report, Mahefa Miaraka continued to promote a sense of ownership among stakeholders and develop the capacity of GOM officials and other community actors at the local level through technical trainings.

  • To the extent that there are insufficient funds on the following Interest Payment Date, the deferral of interest shall continue until the first date upon which the whole Principal Liability Outstanding in respect of the relevant class of Notes becomes due for redemption or, in the case of payment of Normal Interest only, on the date, if earlier, when such class of Notes becomes the Most Senior Class of Notes.

  • The terms and conditions of the Notes provide that it will be an Event of Default if one or more payments of Normal Interest on the Most Senior Class of Notes is or are missed or not paid in full in any circumstances.

  • Normal Interest accrued during the year, for all the delayed payments,asper theagreed termsb.

  • However, if the Class A1 Notes are purchased by the A1 Note Conditional Purchaser in accordance with the A1 Note Mandatory Transfer Arrangements then Normal Interest in respect of the Class A1 Notes is due and payable on each Interest Payment Date.

  • Subject to Condition 4(b), such accrued interest in respect of each Note ("Normal Interest") is due and payable in arrear on 15 August 2018 and thereafter quarterly on each subsequent 15 November, 15 February, 15 May and 15 August or if any such day is not a Business Day (as defined below), the next succeeding Business Day (each such day an "Interest Payment Date").

  • The STATE agrees to deliver, upon an executed contract and full payment by the VENDOR, the database or databases contracted for to VENDOR.

  • The bank‟s Margins will only squeeze if the economy‟s interest rates suddenly revert to the Normal Interest Rates Yield Curve, then banks will have to again lend long than short and in the transition process of the Yield Curve, banks Spreads would squeeze.Flat Yield Curve and Net Interest Spreads When the interest rates structure in the economy is transitioning from an upward sloping curve to a downward sloping curve or vice- versa, then the yield curve becomes flat (UBS, 1988).

  • Normal Interest for each relevant interest payment period will be credited initially (in accordance with the Bank's standard procedure for crediting of interest to such accounts) to the Specified Account in which it is earned on the day on which the interest is ordinarily due to be credited and the Interest Offset Function will only be applied on the next Business Day following the day on which interest is so credited to such Specified Accounts abovementioned.

  • Normal Interest accrued during the period, for all the delayed payments, as per the agreed terms — — b.

Related to Normal Interest

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Additional Interest shall have the meaning set forth in Section 2(e) hereof.

  • Financial Interest means either:

  • Personal interest means a financial benefit or liability accruing to a School Board member or employee or to a member of the immediate family of the School Board member or employee. Such interest shall exist by reason of

  • Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.