Registration Default Interest definition

Registration Default Interest shall have the meaning assigned thereto in Section 2(c) hereof.
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Registration Default Interest has the meaning specified in Section 2(c) of the Registration Rights Agreement.
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Registration Default Interest. As defined in Section 4 hereof.
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Examples of Registration Default Interest in a sentence

  • Registration Default Interest shall be payable in the same form as PIK Interest and will accrue daily on the basis of a 360-day year of twelve 30-day months in arrears.

  • Notwithstanding the foregoing, in the event of a Registration Default which shall be promptly notified to the Trustees by the Depositor in an Officers' Certificate, Registration Default Distributions shall be payable on the Trust Securities in the amount and on the terms provided in the Registration Rights Agreement, assuming that payments of Registration Default Interest on the Debentures are made when due.

  • Notwithstanding the fact that any securities for which Registration Default Interest are due cease to be Transfer Restricted Securities, all obligations of the Company and the Guarantors to pay Registration Default Interest with respect to securities that accrued prior to the time such securities ceased to be Transfer Restricted Securities shall survive until such time as such obligations with respect to such securities shall have been satisfied in full.

  • The amount of Registration Default Interest payable to CCC on any day will be determined by multiplying the Registration Default Interest Rate by the Put Price, if Share Settlement was elected, or by the Partial Equity Amount, if Combined Settlement was elected, further multiplied by a fraction, the numerator of which is the number of days elapsed from and including the date of the Put Closing to, but excluding, the Registration Default Cure Date, and the denominator of which is 365.

  • Notwithstanding the foregoing, in the event of a Registration Default, Registration Default Distributions shall be payable on the Trust Securities in the amount and on the terms provided in the Registration Rights Agreement, assuming that payments of Registration Default Interest on the Debentures are made when due.

  • Notwithstanding any other provision of this Indenture, the sole remedy for failure of the Registration Statement to be filed or to be declared or kept effective shall be the payment of Registration Default Interest.

  • All accrued Registration Default Interest shall be paid to the Holders entitled thereto, in the manner provided for the payment of interest in the Indenture, on each Interest Payment Date, as more fully set forth in the Indenture and the Notes.

  • Registration Default Interest, if any, to be paid to CCC pursuant to this Section 3.10(a) must be paid by the Purchaser to CCC on or prior to the date five Business Days after the Registration Default Cure Date by wire transfer of immediately available Dollars to an account designated in writing by CCC to the Purchaser at least two Business Days prior to such date on which payment is to be made.

  • Notwithstanding the foregoing, in the event of a Registration Default, Registration Default Distributions shall be payable on the Trust Securities in the amount and in the terms provided in the Registration Rights Agreement, assuming that payments of Registration Default Interest on the Debentures are made when due.

  • In this case, it is equal to 0, thus theinformation under analysis and the reliability of their sources.


More Definitions of Registration Default Interest

Registration Default Interest. Appendix A “Regulation S” Appendix A “Regulation S Securities” Appendix A “Restricted Payment” 4.04(a)
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Registration Default Interest has the meaning set forth in the Registration Agreement.
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Registration Default Interest has the meaning assigned to such term in Section 2.4(c).
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Related to Registration Default Interest

  • Registration Default As defined in Section 5 hereof.

  • Registration Default Period shall have the meaning assigned thereto in Section 2(c).

  • Registration Default Damages shall have the meaning set forth in Section 8 hereof.

  • Non-default Rate means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

  • Note Default Interest Spread means, with respect to the outstanding principal balance of any Note, a rate per annum equal to the lesser of (i) the Maximum Legal Rate minus the Note A Rate or (ii) five percent (5%).

  • Loan Default means any event, condition or failure which, with notice or lapse of time or both, would become a Loan Event of Default.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Modification Default Loss means the loss calculated in Exhibits 2a(1)-(3) for single family loans previously modified pursuant to this Single Family Shared-Loss Agreement that subsequently default and result in a foreclosure, short sale or Deficient Loss.

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • in default means that, as to any Mortgage Loan, any Mortgage Note payment or escrow payment is unpaid for thirty (30) days or more after its due date (whether or not the Seller has allowed any grace period or extended the due date thereof by any means) or another material default has occurred and is continuing, including the commencement of foreclosure proceedings or the commencement of a case in bankruptcy for any Customer in respect of such Mortgage Loan.

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Prime Rate.

  • Default Date the meaning set forth in Section 3.2(a).

  • Non-Defaulting Party has the meaning specified in Section 6(a).

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Default Period means any period of time beginning on the first day of any month during which a Default or Event of Default has occurred and ending on the date the Lender notifies the Borrower in writing that such Default or Event of Default has been cured or waived.

  • Post-Default Rate means, in respect of any principal of any Loan or any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans plus four percent (4.0%).

  • Non-Defaulting Member means a Member who is not a Defaulting Member.

  • Default Rate of Interest means a rate of interest per annum equal to the sum of: (i) two percent (2%), (ii) the Chase Bank Rate, and (iii) the then Applicable Margin for Chase Bank Rate Loans, which rate the Agent shall be entitled to charge the Borrowers on all Obligations due the Lenders or the Agent by the Borrowers to the extent provided in Section 10.2 of this Financing Agreement.

  • Initial Interest Period shall have the meaning set forth in Section 2.3.1.

  • Initial Interest Rate means, as of any date of determination, (a) with respect to each A Note, the Initial Note A Interest Rate and (b) with respect to each B Note, the Initial Note B Interest Rate.

  • Registration decal means an adhesive sticker produced by the department and issued by the

  • Non-Defaulting Bank means each Bank other than a Defaulting Bank.

  • Mandatory Default Amount means the payment of 130% of the outstanding principal amount of this Note and accrued and unpaid interest hereon, in addition to the payment of all other amounts, costs, expenses and liquidated damages due in respect of this Note.