Examples of Unpaid Interest Amount in a sentence
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 Trustee must, in accordance with the Series Supplement, on each Fixed Interest Payment Date apply any amount available under the Series Supplement in the order contemplated by the Series Supplement, towards the Class A3 Unpaid Interest Amount in relation to the Interest Period ending on that Fixed Interest Payment Date.
Class A2a Floating Payment in relation to a Payment Date, provided that the Issuer has paid the amount described in Condition 4.9(a) above in full, means the Interest Amount with respect to the Class A2a Notes (plus the Unpaid Interest Amount in accordance with Condition 4.10).
Upon a final distribution being made in respect of the Class A2a Notes under Clause 2.13 or2.14 of the Series Supplement, the Class A2a Notes will thereupon be deemed to be redeemed and discharged in full and any obligation to pay any accrued but then unpaid Interest Amount, Unpaid Interest Amount and any then unpaid Principal Outstanding or Stated Amount or other amounts in relation to the Class A2a Notes will be extinguished in full.
If interest in respect of a Class A2a Note is not paid on the date when due and payable, that unpaid interest will itself bear interest at the Interest Rate in relation to that Class A2a Note applicable from time to time until (but excluding the date of payment) the unpaid interest, and any interest on it, is paid in full in accordance with Condition 4.9 (the unpaid interest, and any interest on that unpaid interest, in relation to a Class A2a Note is an Unpaid Interest Amount).