Payment of Interest definition

Payment of Interest. Xxx Xuxxxxxx's assets deposited with Morgan Stanley will be segregated or secured in accordance with the Xxxxxdxxx Xxxhange Act and regulations of the Commodity Futures Trading Commission ("CFTC") and will be invested in accord with Morgan Stanley's customary practice for investment of its futures cxxxxxxx xxxxx. Xll of Customer's funds will be available for margin for the Customer's trading. Morgan Stanley shall pay to DWR at each month-end interest on Custoxxx'x fxxxx xx its possession as agreed between Morgan Stanley and DWR from time to time. The Customer understands xxxx xt xxxx xot receive any interest income on its assets held by Morgan Stanley other than that paid by DWR pursuant to the Customer'x XXX Xxxxxxxr Agreement. DWR shall pay Morgan Stanley interest on any debit balances in the Account at sucx xxxxs xx Xxxgan Stanley and DWR shall agree from time to time.
Payment of Interest. Pay-in-Kind ("PIK") due at maturity Amortization: Proceeds from the sale of any Class B Units, Class C Units or Class D Units or shares of Issuer Common Stock issued in exchange therefor Repayment: All proceeds from the sale of Class B Units, Class C Units or Class D Units or shares of Issuer Common Stock issued in exchange therefor must be applied to the outstanding loan amount until the balance is repaid Maturity: The loan will have a final maturity of 5 years after the date of the Qualified IPO Acceleration of Maturity: The loan becomes immediately due if the Management Member's employment with the Company or a subsidiary of the Company terminates for any reason Documentation: Definitive documentation reflecting the terms set forth above will be entered into at the time the loan is made. EXHIBIT C CONTINGENT BONUS -------------------------------------------------------------------------------- Issuer: A Subsidiary of the Company Bonus: Bonus of up to the maximum amount specified in the Management Member's subscription agreement with the Company, subject to the contingencies set forth below Contingency: Bonus will be paid to a Management Member following a Qualified IPO of a subsidiary of the Company (if a Qualified IPO occurs prior to June 1, 2005) if he or she is i) an employee of the Company or one of its subsidiaries on January 1, 2007 and ii) required to pay current income tax on compensation with respect to Class A Units prior to January 1, 2007 attributable to a final "determination" (as defined in Section 1313(a)(i) of the Code) of a valuation of such Units in excess of the valuation prepared by the Company's third party valuation firm; the bonus shall be an amount equal to the current income tax attributable to the "determination", subject to the maximum set forth above.
Payment of Interest. The interest of the principal shall be paid monthly, and the interest settlement date is on the twentieth date of each month.

Examples of Payment of Interest in a sentence

  • Payment of principal in respect of Notes shall be made, subject to subparagraph (2) below, to the Clearing System or to its order for credit to the accounts of the relevant account holders of the Clearing System.(b) Payment of Interest.

  • Payment of principal on the Notes shall be made, subject to paragraph (2) below, to the Clearing System or to its order for credit to the accounts of the relevant accountholders of the Clearing System.(b) Payment of Interest.

  • Conversion calculations: Date to Effect Conversion: Principal Amount of Note to be Converted: Payment of Interest in Common Stock __ yes __ no If yes, $_____ of Interest Accrued on Account of Conversion at Issue.

  • Payment of Interest in respect of the Bonds shall be made to the Bondholders on each Interest Payment Date for the preceding Interest Period.

  • Payment of principal in respect of Notes shall be made, subject to subparagraph (2) below, to the Clearing System or to its order for credit to the accounts of the relevant account holders of the Clearing System upon presentation and (except in the case of partial payment) surrender of the Global Note representing the Notes at the time of payment at the specified office of the Fiscal Agent outside the United States.(b) Payment of Interest.


More Definitions of Payment of Interest

Payment of Interest means a payment of interest which is required to be made by virtue of regulation8(6), 9(7), 11(2), 14(8), 16(5), 17(6), 23(6) or 25(5);
Payment of Interest. Pay-in-Kind ("PIK") due at maturity
Payment of Interest means a payment of interest paid or credited to an overseas payee company by a payer company to which this section applies.
Payment of Interest. Amounts due in respect of interest will be accrued and paid semi-annually in arrears on May 16 and November 16 of each year, commencing on November 16, 2024. Each of the interest payments will be payable at an annual rate of 3.400% on the outstanding principal amount of the UI Bonds as adjusted to reflect Uruguayan inflation from the issue date through the relevant interest payment date. For this purpose the Calculation Agent will multiply the outstanding principal amount of the UI Bonds in Uruguayan pesos by a fraction, the numerator of which is the value of one UI expressed in Uruguayan pesos as of the relevant interest payment date and the denominator of which is Ps. 6.0129, being the value of one UI expressed in Uruguayan pesos on the date of issuance of the UI Bonds. Interest on the UI Bonds will be calculated on the basis of a 360-day year of twelve 30-day months. Currency of payment: United States Dollars Form(s) and denomination(s): One or more global securities deposited with a custodian for, and registered in the name of a nominee of The Depository Trust Company and in denominations of Ps. 1,000 and integral multiples of Ps. 1.0 in excess thereof. Underwriting Commission: 0.105% of the aggregate principal amount of UI Bonds payable in United States Dollars Purchase Price for the Underwriters (less the Underwriting Commission): US$1,499,345,364.00 (using the exchange rate for conversion of Uruguayan pesos into U.S. dollars of Ps. 38.516 per U.S. dollar) (less U.S.$1,575,967.40), on account of the underwriting commission. Initial public offering price: 100.000% of the principal amount plus accrued interest, if any, from May 16, 2024 if settlement occurs after that date. Manner of payment: Wire transfer of immediately available funds Closing Date, time and location: 10:00 a.m. (New York City time) on May 16, 2024 in New York City Listing: Application will be made to admit the UI Bonds to the Luxembourg Stock Exchange and to have the UI Bonds admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange. Application will also be made to the London Stock Exchange plc (the “London Stock Exchange”) for the UI Bonds to be admitted to trading on the London Stock Exchange’s International Securities Markets. Calculation Agent: The Bank of New York Mellon
Payment of Interest. The unpaid principal balance shall continue to accrue interest at the rate of 18% per annum. An interest payment shall be made together with the principal payment of $150,000.00 and monthly thereafter. All accrued and unpaid interest shall be due and payable, together with the remaining unpaid principal balance, on June 30, 1998.
Payment of Interest. Amounts due in respect of interest will accrue and be paid semi-annually in arrears. Interest Payment Dates: Interest payment dates shall be on January 31 and July 31 of each year, commencing on July 31, 2022.
Payment of Interest means a payment of interest paid or credited to an overseas payee company by a payer company to which this section applies.(2) This section applies if, in a corporation tax year, a payer company pays interest or credits interest to an overseas payee company.(3) This section does not apply if —