Callable Interest definition

Callable Interest shall have the meaning ascribed to such term in Section 7.1 hereof.
Sample 1Sample 2Sample 3
Callable Interest has the meaning set forth in Section 7.04(a).
Sample 1

Examples of Callable Interest in a sentence

  • Term:The term of the Callable Interest Rate Swap will depend on how long you wish to protect against adverse movements in interest rates and will be agreed before you enter into the Product.

  • Term:The term of the Callable Interest Rate Swap will depend on how long you wish to protect against adverse movements in interest rates and will be agreed with you before you enter into the Product.

  • If the Callable Interest is not redeemed within the Call Exercise Period, neither the Partnership nor the General Partner shall have any obligation to pay the Call Purchase Price or any component thereof.

  • To speak to one of our team, call us on:+353 1 618 0000www.arthurcox.com Expect Excellence.

  • If the Partnership elects to redeem the Callable Interest, Universal, at its option, may require the Partnership to redeem any amount up to all of Universal's remaining Partnership Interest (the "Putable Interest") by delivering written notice (the "Put Notice") to the Partnership within thirty (30) days of Universal's receipt of the Call Notice (the "Put Notice Period").

  • Further, the rest of the area near those stations (the “Metrorail Service District” (see map below, p.

  • Universal expressly agrees that the General Partner may cause the Partnership to borrow any or all funds necessary to (A) repay any loans made by either the Manager or Universal to the Partnership that became due and payable as a result of the acquisition of the Callable Interest or the Putable Interest and (B) satisfy the Partnership’s obligations under this Article VII based on the elections exercised by the General Partner pursuant to this Article VII.

  • The purchase price (the "Call Purchase Price") for the Callable Interest shall be equal to the product of (A) .75 and (B) the sum of (i) the Initial Capital Contribution of Universal, (ii) any Additional Capital Contribution of Universal made prior to the Closing Date (as defined below), and (iii) a rate of return on (i) and (ii) equal to 15% per annum, compounded annually, from the date of Universal's initial investment in (i) and (ii) (subparagraphs (B)(i) and (ii) collectively being the "Investment").

  • The Partnership may elect to redeem the Callable Interest by giving Universal written notice (the “Call Notice”) during the Call Notice Period.

  • Therefore, establishing great gray owl PACs should not hinge simply on the ability to find a nest.

Related to Callable Interest

  • Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Redeemable Interests means any Partnership Interests for which a redemption notice has been given, and has not been withdrawn, pursuant to Section 4.10.

  • non-redeemable investment fund means an issuer,

  • Receivable Interest means, at any date of determination, an undivided percentage ownership interest in (a) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 1.03, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Each undivided percentage interest shall be computed as C + YR + LR + CAFR +DR NRPB where:

  • Available Income means the Up-MACRO Available Income or the Down-MACRO Available Income, as applicable.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Available Investor Principal Collections means with respect to any Monthly Period, an amount equal to (a) the Investor Principal Collections for such Monthly Period, minus (b) the amount of Reallocated Collateral Principal Collections and Reallocated Class B Principal Collections with respect to such Monthly Period which pursuant to Section 4.12 are required to fund the Class A Required Amount and the Class B Required Amount, plus (c) the amount of Shared Principal Collections that are allocated to Series 1999-2 in accordance with subsection 4.13(b).

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Distributable Income means, for any period, the net income of Centurion Apartment REIT, including income earned from its proportionate interest under the Rollover Agreement and its applicable consolidated Subsidiaries for such period set out in its consolidated financial statements as determined in accordance with GAAP, subject to certain adjustments, including: (a) adding back the following items: depreciation, amortization (except for amortization of deferred financing costs, future income tax expense, losses on dispositions of assets and amortization of any net discount on long-term debt assumed from vendors of properties at rates of interest less than fair value); and (b) deducting the following items: future income tax credits, interest on convertible debentures to the extent not already deducted in computing net income, gains on dispositions of assets and amortization of any net premium on long- term debt assumed from vendors of properties at rates of interest greater than fair value and any other adjustments determined by the Trustees in their discretion.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Unrestricted Global Notes means Global Notes that are not required to bear, or are not subject to, the Restricted Notes Legend.

  • Transferable interest means the right, as originally associated with a person’s capacity as a member, to receive distributions from a limited liability company in accordance with the operating agreement, whether or not the person remains a member or continues to own any part of the right.

  • Floating Investor Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction, the numerator of which is the Adjusted Investor Interest as of the close of business on the last day of the prior Monthly Period (or with respect to the first Monthly Period, the Initial Investor Interest) and the denominator of which is the greater of (a) the sum of (i) the aggregate amount of Principal Receivables as of the close of business on the last day of the prior Monthly Period (or with respect to the first calendar month in the first Monthly Period, the aggregate amount of Principal Receivables in the Trust as of the close of business on the day immediately preceding the Closing Date, and with respect to the second calendar month in the first Monthly Period, the aggregate amount of Principal Receivables as of the close of business on the last day of the first calendar month in the first Monthly Period) and (ii) the Excess Funding Amount as of the close of business on such last day of the prior Monthly Period and (b) the sum of the numerators used to calculate the Investor Percentages (as such term is defined in the Agreement) for allocations with respect to Finance Charge Receivables, Default Amounts or Principal Receivables, as applicable, for all outstanding Series on such date of determination; provided, however, that with respect to any Monthly Period in which an Addition Date occurs or in which a Removal Date occurs, the amount determined pursuant to clause (a)(i) hereof shall be the quotient of (A) the sum of (I) the aggregate amount of Principal Receivables in the Trust as of the close of business on the last day of the prior Monthly Period multiplied by the actual number of days in the period from and including the first day of such Monthly Period to but excluding the related Addition Date or Removal Date and (II) the aggregate amount of Principal Receivables in the Trust as of the beginning of the day on the related Addition Date or Removal Date after adjusting for the aggregate amount of Principal Receivables added to or removed from the Trust on the related Addition Date or Removal Date, multiplied by the actual number of days in the period from and including the related Addition Date or Removal Date to and including the last day of such Monthly Period divided by (B) the actual number of days in such Monthly Period.

  • Original Subordinated Principal Balance The aggregate of the Class Certificate Balances of the Subordinated Certificates as of the Closing Date.

  • Disposable income means that part of the income due and payable of any individual remaining

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.