Annual Interest Amount definition

Annual Interest Amount. (rounded to whole dollars) of the Notes received in the exchange must equal that of the Notes surrendered for exchange. The “Annual Interest Amount” for any Note equals its outstanding Class Principal Balance or Notional Principal Amount times its Class Coupon. The Annual Interest Amount for the Classes received and the Classes surrendered must be equal at all levels of LIBOR. Where “exchange proportions” are shown for Classes that are exchangeable for other Classes, we base those proportions on the original, rather than on the outstanding, Class Principal Balance or Notional Principal Amount of the Classes. EXHIBIT B FORM OF EXCHANGE LETTER Noteholder Letterhead , 20_ U.S. Bank National Association Xxx Xxxxxxx Xxxxxx, 0xx Xxxxx Xxxxxx, XX 00000 Attention: STACR® Series 2014-DN4 Re: Xxxxxxx STACR®, Series 2014-DN4 Ladies and Gentlemen: Pursuant to the terms of that certain Exchange Administration Agreement, dated as of October 28, 2014 (the “Exchange Administration Agreement”), between Federal Home Loan Mortgage Corporation (“Xxxxxxx Xxx”), as Issuer, and U.S. Bank National Association, as Exchange Administrator (the “Exchange Administrator”), we hereby present and surrender the [Original Note(s)] [MAC Note (s)] specified on Schedule I attached hereto [(the “Original Notes”)] [(the “MAC Notes”)] and transfer, assign, set over and otherwise convey, all of our rights, title and interest in and to the [Original Notes] [MAC Notes] including all payments of interest thereon received after , 20_, in exchange for the [MAC Notes][Original Notes] specified on Schedule I attached hereto. We agree that upon such exchange the portions of the [Original Notes] [MAC Notes] designated for exchange shall be deemed exchanged and replaced by the [MAC Notes] [Original Notes] issued in exchange therefor, and we further agree that our rights to receive payments in respect of such [Original Notes][MAC Notes] will be replaced with rights to receive payments in respect of [MAC Notes][Original Notes]. We confirm that we have paid a fee of $5,000 to the Exchange Administrator in connection with such exchange. We hereby represent that we are the holder of 100% of the [Original Notes] [MAC Notes] to be exchanged hereunder. Sincerely, By: Name: Title: Signature must be guaranteed by an eligible guarantor institution which is a participant in the Securities Transfer Agent's Medallion Program (STAMP) or similar signature guarantee program. Notice: The signature(s) on this assignment must...

Annual Interest Amount means, when the Interest Rate on an Instalment Receipt is fixed, the amount of interest paid in advance via capitalisation to the Outstanding Instalment Balance, as calculated in accordance with section 5.4.2(e).

Annual Interest Amount means the interest payable in advance on the Loan Amount on the Effective Date and thereafter on each Annual Interest Date.

Examples of Annual Interest Amount in a sentence

• Average daily balance = $1,612.90 Step 2: Calculate the Annual Interest Amount 1.

• On each Annual Interest Date (these dates are set out in PDS Part 1), an Annual Interest Amount will automatically be drawn down from the Instalment Payment (Loan Amount) to pre-pay the Interest Amount for the next year.

• During the Investment Term, the Instalment Payment (Loan Amount) will be reduced by the amount of Dividends paid on the Underlying Entities’ Shares, and increased by the Annual Interest Amount on the Annual Interest Date.If the Holder wishes to take delivery of the Underlying Entities’ Shares, the Holder may pay the Instalment Payment at any time up until 5pm on the Expiry Date.

• However, if the Dividend payments are less than the Annual Interest Amount, the Loan Amount will increase over time.

• The Loan Amount will reduce by the amount of any Dividends paid during the Investment Term, and may increase on an Annual Interest Date when an Annual Interest Amount is drawn down and pre-paid for the next Interest Period.

• The first Annual Interest Amount is due and payable by the Applicant on the Effective Date and will be paid by the Trustee (on behalf of the Holder) from the First Payment and the Loan Amount in accordance with clause 6.3.

• The Annual Interest Amount will automatically be drawn down from the Loan on the Annual Interest Date and directed by the Holder to be used to pay interest on the Loan for the following year.

• At the Annual Interest Date, the Annual Interest Amount is drawn down from the Loan Amount for the next period.

• Thereafter, the Issuer will, on behalf of the Holder, draw down under the Loan the Annual Interest Amount for the following year on the Annual Interest Date.

• DirectionYou irrevocably authorise the Security Trustee as your nominee, to give notice that you wish to drawdown under the Loan on the Annual Interest Date the Annual Interest Amount, and irrevocably authorise and direct the Security Trustee to pay to Macquarie, as a prepayment of interest for the next Interest Period, the Annual Interest Amount.

More Definitions of Annual Interest Amount

Annual Interest Amount has the meaning set forth in Section 2.1(d).

Annual Interest Amount for a Subject Taxable Year shall equal the interest on the Net Tax Benefit for such Subject Taxable Year, calculated at the Agreed Rate for the Annual Tax Payment Interest Period for such Annual Tax Payment, compounded at the end of each calendar quarter.

Annual Interest Amount means £66,300.07 for each year during the term of the Debentures on the assumption that the Issue Amount is £1,783,000. In the event that the Issue Amount is less than £1,783,000, the Annual Interest Amount shall be adjusted but shall bear the same pro rata proportion to the Issue Amount.

Annual Interest Amount means the interest payable as per the Payment Schedule agreed prior to drawdown of funds that governs the interest and principal payable during the term of the Debentures. In the event that the Issue Amount is less than the Maximum Debenture Amount, the Annual Interest Amount shall be adjusted pro rata.