Accrued Interest Payable definition

Accrued Interest Payable means interest on Deposits which is accrued but has neither been posted to a deposit account nor paid as of the Closing Date.
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Accrued Interest Payable means interest on Deposits which is accrued but has neither been posted to a deposit account nor paid as of the Closing Date. "Accrued Interest Receivable" means interest on loans which is accrued but unpaid as of the Closing Date. "Adjustment Payment Date" shall have the meaning set forth in Section 4.3. "Agreement" shall mean this Agreement, including all schedules and exhibits attached hereto. "Assets" shall have the meaning set forth in Section 2.1. "Assumed Liabilities" shall have the meaning set forth in Section 2.3. "Branch" or "Branch Office" means Seller's branch office located at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ in Prosperity, South Carolina. "Branch Deposit" means a Deposit, including Accrued Interest Payable thereon, which has been opened at or assigned to the Branch Office, other than Excluded Deposits. "Branch Loan" means (i) any loan fully secured by any Branch Deposit, and (ii) any checking line of credit or overdraft checking balance linked to any Branch Deposit (but not any loan that is not covered by clauses (i) or (ii) of this definition), in all cases, together with any Accrued Interest Receivable thereon, the related Servicing Rights and all such loan documentation as may be possessed by Seller with respect to such Branch Loans. "Branch Premises" means the Real Property, and the improvements on the Real Property.
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Accrued Interest Payable means interest on Deposits which is accrued but has neither been posted to a deposit account nor paid as of the Closing Date. "Accrued Interest Receivable" means interest on loans which is accrued but unpaid as of the Closing Date. "Adjustment Payment Date" shall have the meaning set forth in Section 4.3. "Assets" shall have the meaning set forth in Section 2.1. "Agreement" shall mean this Agreement, including all schedules and exhibits attached hereto. "Assumed Liabilities" shall have the meaning set forth in Section 2.3. "Branch" or "Branch Offices" means Seller's five branch offices located in the cities of Barnwell, Williston, Blackville, Springfield and Salley, South Carolina. "Branch Deposit" means a Deposit, including Accrued Interest Payable thereon, which has been opened at or assigned to the Branch Offices, other than Excluded Deposits. "Branch Lease" means the lease of the real estate on which the Williston Branch is located. "Branch Loan" means (i) any loan fully secured by any Branch Deposit, and (ii) any checking line of credit or overdraft checking balance linked to any Branch Deposit, and (iii) any such other loans
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Examples of Accrued Interest Payable in a sentence

  • Coupon: 5.900% Benchmark Treasury: 4.375% UST due May 15, 2034 Benchmark Treasury Price & Yield: 101-05+/ 4.228% Spread to Benchmark Treasury: +95 bps (0.950%) Yield to Maturity: 5.178% Public Offering Price: 105.209% of principal amount plus accrued interest from, and including, May 15, 2024 Accrued Interest Payable to Issuer: $1,917,500 accrued from, and including, May 15, 2024, to but excluding anticipated date of settlement, June 21, 2024.

  • Accrued Interest Payable will be excluded from the determination of Working Capital.

  • Accrued Interest Payable The carrying amount of accrued interest payable approximates its fair value due to the relatively short period of time between accrual and expected realization.

  • Initial Interest Accrual Date: March 15, 2015 Total Accrued Interest Payable to Issuer: $23,055.56 in aggregate (or $0.12 per $1,000 principal amount of Bonds), accrued from March 15, 2015 to, but not including, March 16, 2015 CUSIP/ISIN Number: 7▇▇▇▇▇▇▇▇/US737679DE73 Joint Book-Running Managers: BNY Mellon Capital Markets, LLC M▇▇▇▇▇ S▇▇▇▇▇▇ & Co. LLC RBS Securities Inc.

  • Dupont 411,068.92 -------------------------------------------------------------------------------- Accrued Interest Payable on John J.


More Definitions of Accrued Interest Payable

Accrued Interest Payable on any Deposits at any date means interest which has accrued on such Deposits to and including such date but has not yet been credited to such deposit Accounts.
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Accrued Interest Payable means interest on Deposits which is accrued but has neither been posted to a deposit account nor paid as of the Transfer Date. "Accrued Interest Receivable" means interest on loans which is accrued but unpaid as of the Closing Date. "Cash Items" means all cash items, suspense items and items in process of collection, that are related to the IB Deposits. "CFB IB Operation" shall mean the CFB Internet banking operation described in Section 2.2 hereof. "Deposit" shall have the meaning set forth in Section 3(1) of the Federal Deposit Insurance Act, 12 U.S.C. ss1813(l), including, without limitation, individual retirement accounts and cash management accounts. "IB Contracts" means any leases, contracts and other agreements owned by CFB and utilized principally in the CFB IB Operation. "IB Deposit" means a Deposit (except South Carolina Deposits), including Accrued Interest Payable thereon, which has been gathered through the CFB IB Operation. "IB Loan" means any loan substantially effected through the CFB IB Operation and any other loans of such types or categories and in such amounts as are agreed upon by the parties hereto, together with any Accrued Interest Receivable thereon, the related servicing rights and all records associated therewith. "Net Book Value" means the value of an asset on the books of CFB as of the date of the Transfer determined in accordance with Generally Accepted Accounting Principles ("GAAP"), but without regard to any general allowance for credit losses. "Premier Charter" shall mean the thrift charter of Premier Bank, FSB. "South Carolina Deposits" shall mean IB Deposits associated with customers who on the date hereof,
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Accrued Interest Payable has the meaning given to such term in Section 9.1.
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Related to Accrued Interest Payable

  • Interest Payable means all interest, acceptance commission and any other continuing, regular or periodic costs and expenses in the nature of interest and amortization of debt discount (whether paid, payable or capitalized), incurred by Parent and its consolidated Subsidiaries in effecting, servicing or maintaining Total Consolidated Debt during a Test Period but excluding exchange differentials; provided, that, with respect to any period during which a Subject Transaction has occurred, for purposes of determining the Interest Cover Ratio, Interest Payable shall be calculated with respect to such period on a pro forma basis using the consolidated financial statements of the Parent and its Subsidiaries which shall be reformulated as if such Subject Transaction, and any Indebtedness incurred or repaid in connection therewith, had been consummated or incurred or repaid at the beginning of such period.

  • Fixed Rate Interest Payment Date has the meaning set forth in Section 2.5(b)(i) hereof.

  • Floating Rate Interest Payment Date has the meaning set forth in Section 2.5(b)(ii) hereof.

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Accrued Interest means, with respect to Single Family Shared-Loss Loans, the amount of earned and unpaid interest at the note rate specified in the applicable loan documents, limited to 90 days.