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. Citibank,N.A. 000 Xxxxxxxxx Xxxxxx Xxx Xxxx, XX 00000 Attention: STACR® Series 2017-HQA3 Re: Xxxxxxx STACR®, Series 2017-HQA3 Ladies and Gentlemen: Pursuant to the terms of that certain Exchange Administration Agreement, dated as of October 18, 2017 (the “Exchange Administration Agreement”), between Federal Home Loan Mortgage Corporation (“Xxxxxxx Mac”), as Issuer, and Citibank, N.A. as Exchange Administrator (the “Exchange Administrator”), we hereby present and surrender the [Exchangeable Note(s)] [MAC Note(s)] specified on Schedule I attached hereto [(the “Exchangeable Notes”)] [(the “MAC Notes”)] and transfer, assign, set over and otherwise convey, all of our rights, title and interest in and to the [Exchangeable Notes] [MAC Notes] including all payments of interest thereon received after We agree that upon such exchange the portions of the [Exchangeable Notes] [MAC Notes] designated for exchange shall be deemed exchanged and replaced by the [MAC Notes] [Exchangeable Notes] issued in exchange therefor, and we further agree that our rights to receive payments in respect of such [Exchangeable Notes][MAC Notes] will be replaced with rights to receive payments in respect of [MAC Notes][ Exchangeable Notes]. We confirm that we have paid a fee of $[ ] to the Exchange Administrator in connection with such exchange. The Exchange Administrator shall provide notification to the Issuer with respect to this exchange of Notes in substantially the form of Exhibit E of the Exchange Administration Agreement. We hereby represent that we are the holder of 100% of the [Exchangeable 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: Authorized Officer ...
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.
Examples of Annual Interest Amount in a sentence
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.
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.
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 "Annual Interest Amount" for any Note equals its outstanding Class Principal Balance or Class Notional Amount multiplied by its Class Coupon.
At the Annual Interest Date, the Annual Interest Amount is drawn down from the Loan Amount for the next period.
More Definitions of Annual Interest Amount
Annual Interest Amount means the interest payable in advance on the Loan Amount on the Effective Date and thereafter on each Annual Interest Date.
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. (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.
Annual Interest Amount means £66,300.07 for each year during the term of the Debentures on the assumption that the Issue Amount
Annual Interest Amount means fifteen thousand four hundred and forty eight pounds sterling and eighty-one xxxxx (£15,448.81) for each year during the term
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.
Annual Interest Amount means one hundred and nineteen thousand four hundred and fifty four pounds (£119,454.00 for each year during the term of the Debentures on the assumption that the Issue Amount is £2,470,000. In the event that the Issue Amount is less than £2,470,000, the Annual Interest Amount shall be adjusted in the same pro rata proportion to the reduction