Interest Payment definition

Interest Payment means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

Interest Payment has the meaning set forth in Section 4.02.

Interest Payment means the aggregate amount of interest that is, or is scheduled to become, payable under any Finance Document.

Examples of Interest Payment in a sentence

• Interest Payment Dates: June 15 and December 15 Record Dates: June 1 and December 1 Additional provisions of this Security are set forth on the other side of this Security.

• If any Interest Payment Date, the Maturity Date or a Redemption Date falls on a day that is not a Business Day, the required payment shall be made on the next succeeding Business Day and no interest on such payment shall accrue in respect of such delay.

• From and after the occurrence and during the continuance of any Event of Default, interest shall accrue hereunder at a rate equal to 2% per month or, if less, the highest amount permitted by law (such interest upon an Event of Default shall be referred to as “Interest” or “Default Interest”), shall compound monthly based upon a 360-day year, and shall be due and payable on the first Business Day of each month during the continuance of such Event of Default (a “Default Interest Payment Date”).

• Interest is payable on each Interest Payment Date, beginning on November 28, 2024, to the Person in whose name a Note is registered on the Security Register at the close of business on the Regular Record Date immediately preceding the applicable Interest Payment Date.

• Such interest shall accrue daily and shall be payable in arrears on each Interest Payment Date for such Loan for the period from and including the Drawdown Date or the preceding Conversion Date or Interest Payment Date, as the case may be, for such Loan to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the Canadian Prime Rate Loan outstanding during such period and on the basis of the actual number of days elapsed in a year of 365 days.

More Definitions of Interest Payment

Interest Payment means, with respect to any Interest Payment Date, the interest payment on the Notes due on such Interest Payment Date.

Interest Payment. Dates: June 15 and December 15.

Interest Payment shall have the meaning set forth in Section 4.01(d).

Interest Payment means, in respect the payment of Interest on an Interest Payment Date, the amount of Interest payable for the relevant Interest Period in accordance with Clause 10 (Interest).

Interest Payment has the meaning set forth in the Supplemental Indenture.

Interest Payment means, with respect to an Interest Payment Date, the interest scheduled to be paid on such Interest Payment Date in accordance with these Conditions;

Interest Payment means, in respect of an Interest Payment Date, the aggregate Interest Amounts for the Interest Period ending on such Interest Payment Date;