Adjusted Bond Coupon Amount definition

Adjusted Bond Coupon Amount means, on any Bond Interest Payment Date, an amount equal to the amount of interest that would have accrued on the aggregate principal amount of Bonds of all Maturities in the Trust on such Bond Interest Payment Date during the related Calculation Period if such Bonds had borne interest at a per annum rate equal to the Bond Rate of the Maturity with the lowest Bond Rate less: (A) the Trustee Fee and the Remarketing and Liquidity Charges payable on such Bond Interest Payment Date; and (B) the aggregate of an amount for each Maturity determined by multiplying the Related Maximum Odd-Lot Amount by 100% of the Bond Rate and multiplying the result by a fraction the numerator of which shall be the number of days in a Calculation Period and the denominator of which is 365 or 366.
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Adjusted Bond Coupon Amount means, on any Scheduled Distribution Date or Special Distribution Date, an amount equal to the amount of interest that would have accrued, calculated on a 30/360 or actual/actual basis, depending on the basis of calculation used for the underlying Bonds, on the aggregate principal amount of the Bonds held in the Trust (i) with respect to a Scheduled Distribution Date, for the month ended immediately prior to such Distribution Date, adjusted for any distributions of principal made in such month on a Special Distribution Date; (ii) with respect to a Special Distribution Date (other than a Final Distribution Date, Trust Termination Date or Optional Liquidation Date), for the period beginning on the first day of the calendar month in which such distribution is made and ending on the third Business Day before the Special Distribution Date; or (iii) with respect to a Final Distribution Date, Trust Termination Date or Optional Liquidation Date, for the period beginning on the first day of the calendar month in which such distribution is made and ending on the Final Distribution Date, Trust Termination Date or Optional Liquidation Date, as applicable, if such Bonds had borne interest at a per annum rate equal to the Bond with the lowest yield less the Trustee Fee, the Servicing Fee and Trust Expenses, if any, payable on such Distribution Date. For purposes of the foregoing, with respect to any Bond acquired with amortizable bond premium, interest accruing on such obligation shall be determined on the basis of the principles set forth in Section 171 of the Code.
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Examples of Adjusted Bond Coupon Amount in a sentence

  • The Certificate Rate for the Class A Certificates is subject to adjustment on the initial Remarketing Date and each subsequent Remarketing Date as set forth in Section 3.16; provided that the aggregate amount of Accrued Certificate Distributions payable on the Class A Certificates on any Distribution Date shall not exceed the Adjusted Bond Coupon Amount.

Related to Adjusted Bond Coupon Amount

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

  • Coupon Amount means, in respect of each Nominal Amount, an amount calculated by the Calculation Agent as specified under "Coupon Amount" in the Product Terms or, if not specified there, calculated as follows:

  • Calculation Amount means the Calculation Amount as specified in § 1 of the Product and Underlying Data.

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.