Unpaid Interest Amount definition

Unpaid Interest Amount. As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).
Unpaid Interest Amount means the amount of the Unpaid Interest in relation to any Non-Cash Re-Draw on any Flexible Mortgage Loan;
Unpaid Interest Amount. As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates remaining unpaid prior to the current Distribution Date and (b) interest on the amount in clause (a) at the applicable Pass-Through Rate (to the extent permitted by applicable law). U.S. Bank: U.S. Bank National Association, a national banking association, and its successors in interest. U.S. Person: (i) A citizen or resident of the United States; (ii) a corporation (or entity treated as a corporation for tax purposes) created or organized in the United States or under the laws of the United States or of any State thereof, including, for this purpose, the District of Columbia; (iii) a partnership (or entity treated as a partnership for tax purposes) organized in the United States or under the laws of the United States or of any State thereof, including, for this purpose, the District of Columbia (unless provided otherwise by future Treasury regulations); (iv) an estate whose income is includible in gross income for United States income tax purposes regardless of its source; or (v) a trust, if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more U.S. Persons have authority to control all substantial decisions of the trust. Notwithstanding the last clause of the preceding sentence, to the extent provided in Treasury regulations, certain trusts in existence on August 20, 1996, and treated as U.S. Persons prior to such date, may elect to continue to be U.S. Persons.

Examples of Unpaid Interest Amount in a sentence

  • If on any Distribution Date, as a result of the foregoing allocation rules, any Class of Class A Certificates does not receive the related Accrued Certificate Interest Distribution Amount or the related Unpaid Interest Amount, if any, then that unpaid amount will be recoverable by the holders of those Classes, with interest thereon, on future Distribution Dates, as an Unpaid Interest Amount, subject to the priorities described above.

  • The Borrower hereby specifically acknowledges its responsibility to pay the entire Unpaid Interest Amount in cash.

  • Upon a voluntary conversion prior to the maturity date, 100% of the interest that would have been payable between the date of the voluntary conversion and the maturity date (the “Unpaid Interest Amount”) shall be converted into such number of Pareteum Shares equal to the Unpaid Interest Amount divided by the conversion price.

  • The Borrower may repay the Unpaid Interest Amount in any incremental amounts from time to time at the Borrower’s discretion on or before the Interest Due Date.

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More Definitions of Unpaid Interest Amount

Unpaid Interest Amount. As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law). For purposes of determining interest allocations on a Distribution Date, the amount of Unpaid Interest Shortfalls for the Class A-3b Certificates will be paid to the Unpaid Interest Shortfall for that Class for the following Class A-3b Distribution Date.
Unpaid Interest Amount. On each Floating Rate Payer Payment Date Party B will pay to Party A the A$ Class A-1 Unpaid Interest Payment in relation to the Quarterly Distribution Date which is the same day as that Floating Rate Payer Payment Date.
Unpaid Interest Amount in relation to an A$ Security and a Distribution Date means the aggregate of any Interest Amounts in relation to that A$ Security remaining unpaid from previous Distribution Dates and any interest accrued but remaining unpaid on that A$ Security as at that Distribution Date pursuant to clause 5.8(b).
Unpaid Interest Amount in relation to an A$ Security and the relevant Monthly Distribution Date or Quarterly Distribution Date means the aggregate of any Interest Amounts in relation to that A$ Security remaining unpaid from previous applicable Monthly Distribution Dates or Quarterly Distribution Dates and any interest accrued but remaining unpaid on that A$ Security as at that Monthly Distribution Date or Quarterly Distribution Date pursuant to clause 5.8(b).
Unpaid Interest Amount. As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates remaining unpaid prior to the current Distribution Date and (b) interest on the amount in clause (a) at the applicable Pass-Through Rate (to the extent permitted by applicable law). U.S. Bank: U.S. Bank National Association, a national banking association, and its successors in interest.
Unpaid Interest Amount. As of any Distribution Date and with respect to any Class of Certificates (other than the Class R Certificates or Class X Certificates), the sum of (i) the amount, if any, by which (X) the sum of (a) the Accrued Certificate Interest for such Class for such Distribution Date plus (b) the Unpaid Interest Amount for such Class as of the immediately preceding Distribution Date exceeds (Y) the amount paid to the Certificateholders of such Class on such Distribution Date with respect to interest and (ii) to the extent permitted by law, interest on the amount determined pursuant to clause (i)(b) at the applicable Pass-Through Rate for the number of days in the related Accrual Period.
Unpaid Interest Amount means an amount equal to the aggregate of all interest that would have been incurred on the principal amount of the Existing Notes equal to the Notes Threshold Amount in accordance with the terms and conditions of the Existing Notes, as in effect on 14 July 2023, from and excluding the date on which the Existing Notes were written-down by an amount equal to the Notes Threshold Amount until and including the date on which the Notes Threshold Amount is fully repaid under article 5(i) below.