Determination of Interest Amounts Sample Clauses

Determination of Interest Amounts. 43 Section 4.08 Collections and Allocations; Required Deposits . . . . . . . . . . . . . . . . . . . . . . 43 Section 4.09
Sample 1
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Determination of Interest Amounts. (a) Class A Certificate Interest Distributable Amount. The amount required to be deposited as interest into the Class A Certificate Account on each Deposit Date (the "Class A Certificate Interest Distributable Amount") shall be an amount, as determined by Servicer in the Monthly Statement, equal to interest accrued on the Certificate Balance (calculated as of the Business Day immediately preceding such Deposit Date) of each Class A Certificate for the applicable Accrual Period (or the Accrual Intervals comprising each such Accrual Period) at the applicable Certificate Rate on the basis of a 360-day year and the actual number of days elapsed during such Accrual Period; provided, however, that with respect to any Class A Certificates issued on any Subsequent Closing Date occurring since the preceding Payment Date, interest shall be calculated with respect to each Accrual Interval based upon the actual number of days elapsed during such Accrual Interval and the Certificate Balance of such Class A Certificates.
Sample 1
Determination of Interest Amounts. (a) Class A Certificate Interest Distributable Amount. The amount required ------------------------------------------------- to be deposited as interest into the Class A Certificate Account on each Deposit Date (the "Class A Certificate Interest Distributable Amount") shall be an ------------------------------------------------- amount, as determined by Servicer in the Monthly Statement, equal to interest accrued on the Certificate Balance (calculated as of the Business Day immediately preceding such Deposit Date) of each Class A Certificate for the applicable Accrual Period (or the Accrual Intervals comprising each such Accrual Period) at the applicable Certificate Rate on the basis of a 360-day year and the actual number of days elapsed during such Accrual Period; provided, however, -------- ------- that with respect to any Class A Certificates issued on any Subsequent Closing Date occurring since the preceding Payment Date, interest shall be calculated with respect to each Accrual Interval based upon the actual number of days elapsed during such Accrual Interval and the Certificate Balance of such Class A Certificates. All Bond Insurer Premiums shall be paid out of amounts otherwise distributable to the Class A Certificateholders hereunder and under Section ------- 4.06(a) hereof. -------
Sample 1

Related to Determination of Interest Amounts

  • Determination of Interest (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

  • Determination of Interest Rate (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or Section 2.2.3(f).

  • Calculation of interest The rate of interest on each Loan for each Interest Period is the percentage rate per annum which is the aggregate of the applicable:

  • Notification of Interest Periods and interest rate The Agent shall notify the Borrowers and the Banks promptly of the duration of each Interest Period and of each rate of interest (or, as the case may be default interest) determined by it under this clause 3.

  • Section 310 Computation of Interest Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

  • Calculation of Interest and Fees All calculations of interest and fees under this Agreement and the other Credit Documents for any period (a) shall include the first day of such period and exclude the last day of such period and (b) shall be calculated on the basis of a year of 360 days for actual days elapsed, except that during any period any Loan bears interest based upon the Prime Rate, such interest shall be calculated on the basis of a year of 365 or 366 days, as appropriate, for actual days elapsed.

  • Determination of Interest Periods Every Interest Period shall be of the duration specified by the Borrowers pursuant to clause 3.2 but so that:

  • Computation of Interest Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

  • Computation of Interest, Fees, Yield Protection All interest, as well as fees and other charges calculated on a per annum basis, shall be computed for the actual days elapsed, based on a year of 360 days. Each determination by Agent of any interest, fees or interest rate hereunder shall be final, conclusive and binding for all purposes, absent manifest error. All fees shall be fully earned when due and shall not be subject to rebate, refund or proration. All fees payable under Section 3.2 are compensation for services and are not, and shall not be deemed to be, interest or any other charge for the use, forbearance or detention of money. A certificate as to amounts payable by Borrowers under Section 3.4, 3.6, 3.7, 3.9 or 5.9, submitted to Borrower Agent by Agent or the affected Lender, as applicable, shall be final, conclusive and binding for all purposes, absent manifest error, and Borrowers shall pay such amounts to the appropriate party within 10 days following receipt of the certificate.

  • Computation of Interest and Related Fees All interest and fees under each Financing Document shall be calculated on the basis of a 360-day year for the actual number of days elapsed. The date of funding of a Loan shall be included in the calculation of interest. The date of payment of a Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged.

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