Suspended Interest definition

Suspended Interest means the interest component (i) accrued during the suspension period ended prior to the Valuation Date and (ii) whose payment has been rescheduled in equal quotas throughout the entire amortization plan, as a consequence of a moratorium agreement which provides for the suspension of payment of the installment, whose effects ended prior to the Valuation Date.
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Suspended Interest means, with respect to the C.R.Asti Loans and the Biver Loans, in relation to which, respectively, C.R.Asti, Biver and the relevant Borower have agreed to suspend the payment of the instalments of the relevant Loan for a certain term, an amount corresponding to the aggregate amount of the interest accrued, but not yet due during the suspension period, calculated
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Suspended Interest means the interest component as of the Effective Date (i) accrued during the suspension period (A) ended prior to the Valuation Date (excluded) or (B) granted after Valuation Date (excluded); and (ii) whose payment has been rescheduled in equal quotas throughout the residual amortization plan, as a consequence of a moratorium agreement which provides for the suspension (in whole or in part) of payment of the installments.
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Examples of Suspended Interest in a sentence

  • Any interest which is unpaid for any reason on any Interest Payment Date is deemed to be Suspended Interest for the purposes of these Conditions, whether or not the Board has elected to suspend the same.

  • At any time while there is Suspended Interest (deemed or otherwise), PGW will not declare or pay any dividend or make any other distribution (as that term is defined in the Companies Act 1993) on any of its ordinary share capital or pay any interest or other payments on other indebtedness or share capital which ranks equally with or is subordinate to the Notes.

  • The Board may elect to suspend payment of any interest or Unpaid Interest or any part of such interest (any such interest so suspended being Suspended Interest) on the relevant Interest Payment Date at its sole discretion at any time.


More Definitions of Suspended Interest

Suspended Interest means the interest component (i) accrued during the suspension period ended prior to the relevant Valuation Date and (ii) whose payment has been rescheduled in equal quotas throughout the entire
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Suspended Interest means any interest which is suspended, or deemed to be suspended, in accordance with Condition 3.2.
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