Deferred Interest Amounts definition
Examples of Deferred Interest Amounts in a sentence
If and to the extent that the amount available to pay interest to the Noteholders on any Payment Date in accordance with the priority of payments set forth in Section 4 hereof is insufficient to pay all interest then due at the Note Interest Rate, such amounts shall constitute Deferred Interest Amounts which shall be payable, as provided in Section 4, in whole or in part, on any Payment Date on which the Available Funds are sufficient to pay such amounts in accordance with such priority of payments.
Deferred Interest Amounts, including any interest accrued and unpaid thereon at the applicable Deferrable Interest Rate shall be due and payable only on the Maturity Date, except as set forth herein.
The First Tranche Additional Payments and Deferred Interest Amounts shall be payable on the interest payment dates provided in the First Tranche Guarantee Sub Notes directly from funds TCA would have received as its Management Fee.
Outstanding Note Balance of the Notes, unreimbursed Note Balance Write-Down Amounts, accrued and unpaid interest (including any Deferred Interest Amounts and Post-ARD Additional Interest Amounts) on the Notes and the fees, expenses and indemnities due to the Indenture Trustee, the Custodian, the Manager, the Servicer, the Backup Servicer, Transition Manager, Replacement Manager and the Replacement Servicer pursuant to Section 5.07.
SIHL agrees that at such time as MTGA pays SIHL any amounts relating to the Non-PIK Completion Guarantee Notes (other than current interest), such amounts that relate to the Deferred Interest Amounts acquired pursuant to this paragraph 3 shall be immediately paid over to TCA.