Bank Savings Participation Increase. ] means an amount calculated for each Mortgage Calculation Period on the relevant Mortgage Calculation Date by application of the following formula: (P x I) + S, whereby:
Bank Savings Participation Increase means, in respect of each Bank Savings Mortgage Receivable, the increase of the Bank Savings Participation during each month, calculated on the basis of the following formula: (P/H x R) + S, whereby: P = Bank Savings Participation on the first day of the relevant month; S = the amount received by the CBC pursuant to the Bank Savings Participation Agreement on the CBC Payment Date immediately succeeding the relevant Calculation Date in respect of the relevant Bank Savings Mortgage Receivable from the Bank Savings Participant; H = the Outstanding Principal Amount of the Bank Savings Mortgage Receivable on the first day of the relevant month; and R = the amount of interest due by the Borrower on the relevant Bank Savings Mortgage Receivable and actually received by the CBC in respect of such Calculation Period.