Accrued Sterling Collateral Interest Amount definition

Accrued Sterling Collateral Interest Amount means, as of any Payment Date, the amount which is equal to the aggregate of all accrued interest under the Collateral Debt Securities in the Portfolio (other than Defaulted Securities) denominated in Sterling which is not payable to the Issuer on or prior to the Determination Date in respect of such Payment Date by the Obligors of the relevant Collateral Debt Securities.
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Accrued Sterling Collateral Interest Amount means, as of any Payment Date, the amount which is equal to the aggregate of all accrued interest under the Collateral Debt Obligations in the Portfolio (other than Defaulted Obligations), denominated in Sterling, which is not payable to the Issuer on or prior to the Determination Date in respect of such Payment Date by the obligors of the relevant Collateral Debt Obligations.
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Examples of Accrued Sterling Collateral Interest Amount in a sentence

  • The Issuer will be entitled to draw under the Liquidity Facility an amount equal to the lesser of (a) the undrawn amount of the Liquidity Facility; (b) the Accrued Euro Collateral Interest Amount plus the euro equivalent of the Accrued Sterling Collateral Interest Amount and (c) such lesser amount as determined by the Collateral Manager on behalf of the Issuer (such lesser amount, the “Liquidity Limit”).

  • The Issuer shall be entitled to draw Funds under the Liquidity Facilities in Euro, Sterling or US Dollars for the payment of interest on the Notes in accordance with the Priorities of Payment on any Payment Date in an amount up to the aggregate of the Accrued Euro Collateral Interest Amount, the Accrued Sterling Collateral Interest Amount and the Accrued US Dollar Collateral Interest Amount subject to certain limitations as set out in "Description of the Liquidity Facility Agreement".

Related to Accrued Sterling Collateral Interest Amount

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties.

  • PIK Interest Amount means, in respect of any Interest Payment Date, the amount of interest accrued during an Interest Period calculated based on the PIK Interest Rate applicable during such Interest Period.