Accrued Yield definition

Accrued Yield means an amount in respect of each $1,000 principal amount of Notes that, together with accrued and unpaid interest to be paid in a Special Redemption, will provide the Holder thereof with the Yield to Maturity on such Note, calculated on the basis of a 360-day year and payable for the actual number of days elapsed from the Issue Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Accrued Yield means, as of any particular time, with reference to a Guaranteed Instrument issued on an interest-bearing basis, the amount of overdue or unpaid interest accrued up to such time and, with reference to a Guaranteed Instrument issued on a discount basis, an amount equal to the present value of the stated face amount of such instrument discounted to such time at a discount rate equal to the discount rate applied to calculate the subscription price for the instrument.

Accrued Yield means an amount in respect of each $1,000 principal amount of Notes that, together with accrued and unpaid interest to be paid in a Special Mandatory Redemption, will provide the Holder thereof with the Yield to Maturity on such Note for the period from the last payment of interest on the Note or, if no interest payment has been made, the date of original issuance of the Note to the date of redemption, calculated on the basis of a 360-day year and payable for the actual number of days elapsed from the Issue Date.

Examples of Accrued Yield in a sentence

Accrued Yield shall be due and payable on each applicable Payment Date and on the Maturity Date.
SCHEDULE 2.01 accurately sets forth the Accrued Yield Amount owing to such Seller as of the date hereof and as of the end of the periods indicated thereon.
On the Closing Date, the Buyer will have all the funds necessary in order to pay the Cash Consideration, the Accrued Yield Amount and the Outstanding Indebtedness Amount and to consummate the transactions contemplated hereby.
In accordance with and subject to Section 2.2.5, during the Construction Period Lessee shall request an Advance in an amount equal to Construction Period Unused Fees, Construction Period Accrued Interest and Construction Period Accrued Yield and Construction Period Fees accrued on or with respect to the Loans and Investor Amounts, in the amounts calculated, determined and delivered to Lessee pursuant to Section 2.3.
Administrative Agent shall pay in cash to the Participants, to the extent of the Advances for such items, on each Scheduled Payment Date all Construction Period Accrued Interest and Construction Period Accrued Yield due on each such Scheduled Payment Date from the proceeds of such Advance.
Each Advance (excluding any Advance made solely to pay Construction Period Fees, Construction Period Accrued Interest, Construction Period Accrued Yield, Postponement Interest or Postponement Yield) shall be in a minimum amount equal to $10,000,000; provided, that so long as an Advance is for the full amount of the Aggregate Available Commitments or is the final Advance or is for Noneligible Accrued Amounts, such Advance need not be in such amount.
Accrued Yield on each Loan shall be payable monthly on each Settlement Date and on the Termination Date, except that Yield payable at the Base Rate plus 2% shall accrue daily and shall be payable promptly upon receipt of an invoice therefor by the Borrower.
Accordingly, the proceeds of each Investor Contribution made by an Investor shall be net of the amount of Construction Period Accrued Yield due to such Investor on such date and requested in such Advance.
Construction Period Accrued Interest, Construction Period Accrued Yield and Construction Period Fees.......................................
In the event that the Completion Date has not occurred on or prior to the Date of Determination, the Issuer shall redeem the Notes (the “Special Redemption”), on the date that is three Business Days after the Date of Determination (the “Special Redemption Date”), at a cash redemption price of 101% of the issue price of the Notes, plus accrued and unpaid interest and, without duplication, the Accrued Yield, if any, to the date of redemption.

More Definitions of Accrued Yield

Accrued Yield means, as of a specified date, the amount accruing on the shares of FAT Brands preferred stock on a daily basis, at the rate of 6.50% per annum on the Stock Earnout Payment Amount (after true-up), compounded annually on the last day of each fiscal year, commencing on the date on which issuance of such shares of FAT Brands preferred stock is required pursuant to this Agreement and ending on (and including) the date of conversion or redemption, as applicable.

Accrued Yield means, as of any date of determination within a Settlement Period, the sum of the Daily Yields for each day from and including the first day of the Settlement Period through and including such date.