Unpaid Sums definition

Unpaid Sums shall have the meaning assigned to that term in Section 3.02(c) (Default Interest) of this Agreement.
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Examples of Unpaid Sums in a sentence

  • This Clause does not apply to Interest Periods selected under Clause 9.2 above in respect of Unpaid Sums which remain outstanding on the Final Maturity Date.

  • This Clause does not apply to Interest Periods selected under Clause 9.3 (Default interest) in respect of Unpaid Sums which remain outstanding on the Final Maturity Date.

  • If there is an Event of Default, interest shall accrue on all outstanding Loans from the date of the relevant Event of Default up to the date such Event of Default is cured by the Borrower, waived in accordance with this Agreement or such Unpaid Sums have been paid in full, whichever is earliest, at the Default Interest Rate.

  • Interest under this Clause 18 (Default Interest) shall be calculated by reference to successive periods, each of which (other than the first, which shall begin on the due date for payment or, as the case may be, the date of judgment as referred to in Clause 18.1 (Interest on Unpaid Sums)) shall begin on the last day of the preceding period.

  • This Clause does not apply to Interest Periods selected under Clause 8.3 (Default interest) in respect of Unpaid Sums which remain outstanding on the Final Maturity Date.

  • Interest calculated at the Default Interest Rate shall accrue on the outstanding balance of all Unpaid Sums.

  • Interest under this Clause 12 (Default Interest) shall be calculated by reference to successive periods, each of which (other than the first, which shall begin on the due date for payment or, as the case may be, the date of judgment as referred to in Clause 12.1 (Interest on Unpaid Sums)) shall begin on the last day of the preceding period.

  • Each Term-Out Loan outstanding on the Conversion Date referable to it (the "Outstanding Amount") shall be repaid on the dates set out in the table below in the percentages of the Outstanding Amount set opposite such date together with all accrued interest on each amount required and any other Unpaid Sums outstanding on each Repayment Date.

  • Notwithstanding anything to the contrary in this clause 12, the effective rate of Interest (having regard to the periods determined above) payable on Unpaid Sums shall at no time exceed the lower rate of Interest applicable at the same time under the Banks' Equipment Facility Agreements.

  • The Borrower shall not make any dividend distribution, unless the Loan, Interest and Unpaid Sums owed to the Lender under this Agreement are paid in full.