Overdue Bond definition

Overdue Bond. As defined in Section 2.9(c).
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Overdue Bond means a Capital Appreciation Bond on which the entire Accreted Value or Maturity Amount, as applicable, shall not have been punctually paid or duly provided for when and as due and payable.
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Overdue Bond means any Bond relative to which a payment of principal or Interest has not been paid or provided for when due and payable, as provided herein.
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Examples of Overdue Bond in a sentence

  • Upon the giving of such notice, the entire amount then due and payable on any such Overdue Bond shall, if sufficient funds are so available therefor, be payable only upon presentation and surrender of such Overdue Bond to the office or agency of the Issuer maintained for that purpose.

  • Any reduction in the principal amount of any Overdue Bond (or one or more Predecessor Bonds) effected by any payments made on a Special Payment Date shall be binding upon all Holders of such Bond and of any Bond issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, whether or not such payment is noted on such Bond.

  • No interest shall accrue or be payable on any Overdue Bond or any unpaid interest in respect thereof except as expressly provided above.

Related to Overdue Bond

  • Overdue Amount means any amount required to be paid by the Issuer under any of the Finance Documents but not made available to the Bondholders on the relevant Payment Date or otherwise not paid on its applicable due date.

  • Overdue Rate means, on any date, a per annum rate of interest equal to the lesser of (i) twelve percent (12%) or (ii) the maximum rate then permitted under applicable law.

  • Overdue Payment shall have the meaning specified in Section 4.03(a).

  • Overdue Interest means any interest payable pursuant to Section 2.8(b) of the Credit Agreement.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.