Bond Interest definition

Bond Interest means the annually accrued Bond interest payable by the Issuer to the Bondholders, in accordance with Article 5 of the Trustee Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Bond Interest means, with respect to any Bond represented by a Global Certificate not held in a Clearing System, the beneficial interest in that Bond, as evidenced by the entry in respect of that Bond and its Bond Interests made in the Register;

Bond Interest means, with respect to any Bond represented by a Registered Global Certificate, a beneficial interest in that Bond, as evidenced by the entries in respect of that Bond and its Bond Interests made in the CB Register.

Examples of Bond Interest in a sentence

• On each Interest Determination Date the Indenture Trustee shall determine One-Month LIBOR and the related Bond Interest Rate for each Class of Bonds for the following Accrual Period and shall inform the Issuer, the Master Servicer, and the Depositor at their respective facsimile numbers given to the Indenture Trustee in writing thereof.

• On each Interest Determination Date the Indenture Trustee shall determine One-Month LIBOR and the related Bond Interest Rate for each Class of Bonds for the following Accrual Period and shall inform the Issuer, the Bond Insurer, the Master Servicer, and the Depositor at their respective facsimile numbers given to the Indenture Trustee in writing thereof.

• The Recovery Bonds of each Tranche shall have the initial principal amount, bear interest at the rates per annum and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: Tranche Initial Principal Amount Recovery Bond Interest Rate Scheduled Final Payment Date Final Maturity Date The Recovery Bond Interest Rate shall be computed on the basis of a 360-day year of twelve 30-day months.

• The Recovery Bonds of each Tranche shall have the initial principal amount, bear interest at the rates per annum and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: The Recovery Bond Interest Rate shall be computed on the basis of a 360-day year of twelve 30-day months.

• The Remarketing Agent shall provide the Trustee and the Borrower with telephonic or Electronic notice of each Bond Interest Term Rate and Bond Interest Term by 1:00 p.m. (New York City time) on the date of determination.

More Definitions of Bond Interest

Bond Interest means the amount of Bond interest per annum payable by the Issuer to the Bond Holder, in accordance to the provisions of Article 5 of the Trustee Agreement.

Bond Interest. As to any Payment Date, the amount of interest payable to Holders of the Bonds on such Payment Date, which amount shall be equal to (a) with respect to the initial Interest Period, interest for the number of days in the period commencing on the Closing Date and ending on the day prior to such Payment Date at the Bond Interest Rate on the Original Bond Balance, and (b) with respect to any subsequent Interest Period, interest for the number of days in such Interest Period at the Bond Interest Rate on the Bond Balance as of the preceding Payment Date (after giving effect to the payment, if any, in reduction of principal made on the Bonds on such preceding Payment Date). All calculations of interest on the Bonds will be computed on the basis of the actual number of days elapsed in the related Interest Period and in a year of 360 days.

Bond Interest. With respect to each Class of Bonds, as to any Payment Date, the amount of interest payable to Holders of the Bonds of such Class on such Payment Date, which amount shall be equal to (a) with respect to the initial Interest Period, interest for the number of days in the period commencing on the Closing Date and ending on the day prior to the initial Payment Date at the Bond Interest Rate for such Class of Bonds on the Original Bond Balance for such Class of Bonds, and (b) with respect to any subsequent Interest Period, interest for the number of days in such Interest Period at the Bond Interest Rate for such Class of Bonds on the Bond Balance for such Class of Bonds as of the preceding Payment Date (after giving effect to the payment, if any, in reduction of principal made on such Class of Bonds on such preceding Payment Date). All calculations of interest on the Bonds will be computed on the basis of the actual number of days elapsed in the related Interest Period and a year of 360 days.

Bond Interest means the interest payable by the Company to

Bond Interest. As to any Payment Date, the amount of interest payable to Holders of the Bonds on such Payment Date, which amount shall be equal to (i) in the case of the April 1997 Payment Date, interest on the initial Bond Balance for the number of days from and including the Closing Date to and including the day prior to such Payment Date, computed at the Bond Interest Rate and (ii) in the case of each subsequent Payment Date, interest for the number of days in the related Interest Period on the Bond Balance as of the preceding Payment Date (after giving effect to any payments made in reduction of the Bond Balance on such preceding Payment Date) computed at the Bond Interest Rate.

Bond Interest means a portion of the Ijarah Repayment payable by the Issuer to the Bond Holder in return for the benefit received by the Issuer based on the ijarah contract, of which payment shall be made on each Payment Date for the Bond Interest pursuant to the provisions under the Syariah Ijarah Trustee Agreement. Translated from Bahasa Indonesia to English 16

Bond Interest means the annually accrued Bond interest payable by the Issuer to the Bondholders, in accordance with Article 5 of the Trustee Agreement. Jakarta, 8th March 2010 I, Uki Ukanto, sworn and authorized translator by virtue of Decree of Governor of Jakarta No. 2238/2004, certify that the above is true and accurate English version translated from its original Indonesian text.