Closing Interest definition

Closing Interest means an amount equal to the interest which would have accrued on an amount equal to the Purchase Price from the Effective Date up to the Closing Date, such interest being calculated at the Interest Rate.
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Closing Interest. The Closing Interest shall be payable by the Purchaser to the Sellers on the Closing Date in the same manner as the payment of the Paying Agent Amount in accordance with this Agreement.
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Closing Interest means, with respect to the Closing CEBARRA Purchase Price and the Closing CELSEPAR Purchase Price, as applicable, an aggregate amount equal to (x) the interest accrued on the Base CEBARRA Purchase Price or the Base CELSEPAR Purchase Price, as applicable, at a rate equal to the CDI Index on the Closing Date, plus 1.00% (the “Closing Interest Rate”) per annum computed on the basis of a two hundred and fifty two (252) business days year and the actual number of days elapsed from (but not including) the Lockbox Date and to (and including) the Closing Date, plus (y) the interest accrued on the applicable Additional Equity Amount at a rate equal to the Closing Interest Rate per annum computed on the basis of a two hundred and fifty two (252) business days year and the actual number of days elapsed from (but not including) the date each such Additional Equity Amounts are contributed to the applicable Company by Sellers (or in the case of the Additional Cebarra Equity Amount, by Sellers or NFE Power Brasil 2
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Examples of Closing Interest in a sentence

  • Rather, such Subsequent Closing Interest shall be treated as income by the Partnership and the distribution, if any, to the pre-existing Partners shall be treated as a guaranteed payment for the use of capital within the meaning of Section 707(c) of the Code.

  • The General Partner may postpone the collection of Subsequent Closing Interest until the date of the Final Closing or within one hundred eighty (180) days thereafter.

  • The following balances are outstanding at the end of the reporting period in relation to transactions with related parties: Opening Closing Interest Interest paid/ balancebalancenot chargedpayableImpairmentLoans to KMP and related parties 201781,37781,377–––201681,37781,377–4,435–The loans to KMP resulted from a share incentive scheme implemented prior to the Shaver Shop Employee Share Plan (refer Note 32).

  • The interest on such sums shall accrue from the Effective Date to the date of such payment(s) at the Closing Interest Rate.

  • At or prior to the Closing, Interest Sellers shall change, effective as of the Closing, the individuals authorized to draw on or having access to the bank, savings, deposit or custodial accounts and safe deposit boxes used in the Company’s business or maintained by the Company to the individuals designated in writing by Buyer.

  • Rule 7.35B(f)(1).above, the portal would include Total Imbalance, Side of Total Imbalance, and Paired Quantity, which are provided under Rule 7.35B(e)(1)(B), and would also include Continuous Book Clearing Price and Closing Interest Only Clearing Price, which are not provided under Rule 7.35B(e)(1)(B).

  • The interest accruing on the Bonds from and including the Closing Interest in respect of each Bond will accrue from day to day on the basis of an actual 365 day year and will cease to accrue from the Due Date for repayment thereof unless, upon due presentation of the relevant Certificate, payment of principal is improperly withheld or refused.

  • By way of illustration, assuming that the Closing Date is June 3, 1999, there would be two days of Closing Interest to be paid by Buyer.

  • XxXxxxx Street Suite 1740 WAMM: Xxxxxxx, XX 00000 ==================================================================================================================================== Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Class Face Value(1) Balance Payment Adj.

  • Code ISIN code Name Opening Closing Interest % p.a. Interest % perterm MaturityMax.


More Definitions of Closing Interest

Closing Interest means interest at the rate of five percent per annum commencing on and as of June 1, 1999, and continuing on through the day prior to the Closing on the amount of the Purchase Price less the Working Capital Adjustment. By way of illustration, assuming that the Closing Date is June 3, 1999, there would be two days of Closing Interest to be paid by Buyer.
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Related to Closing Interest

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • qualifying interest means the aggregate interest, discount or original issue discount receivable by a resident individual in any year of income

  • Working interest owner means a person or the estate of a person who owns an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense. “Working interest owner” does not include an unleased mineral owner.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Participating Interest is defined in Section 1.2(d) hereof.

  • underlying interest means, for a derivative, the security, commodity, financial instrument, currency, interest rate, foreign exchange rate, economic indicator, index, basket, agreement, benchmark or any other reference, interest or variable, and, if applicable, the relationship between any of the foregoing, from, to or on which the market price, value or any payment obligation of the derivative is derived, referenced or based; and

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Consenting working interest owner means any working interest owner who enters into an agreement with SWN pertaining to the operation of the Posey B Unit.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Percentage Interest means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Compensating Interest As defined in Section 3.24 hereof.

  • Asset Interest is defined in Section 2.1(b).

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.

  • Transferred Interests has the meaning set forth in the Recitals.

  • Closing Cash Amount shall have the meaning set forth in Section 2.8(b).

  • Economic Interest Owner means the owner of an Economic Interest who is not a Member.

  • Purchaser Interest means, at any time, an undivided percentage ownership interest (computed as set forth below) associated with a designated amount of Capital, selected pursuant to the terms and conditions hereof in (i) each Receivable arising prior to the time of the most recent computation or recomputation of such undivided interest, (ii) all Related Security with respect to each such Receivable, and (iii) all Collections with respect to, and other proceeds of, each such Receivable. Each such undivided percentage interest shall equal: where: C = the Capital of such Purchaser Interest. AR = the Aggregate Reserves. NRB = the Net Receivables Balance. Such undivided percentage ownership interest shall be initially computed on its date of purchase. Thereafter, until the Amortization Date, each Purchaser Interest shall be automatically recomputed (or deemed to be recomputed) on each day prior to the Amortization Date. The variable percentage represented by any Purchaser Interest as computed (or deemed recomputed) as of the close of the business day immediately preceding the Amortization Date shall remain constant at all times thereafter.

  • Pre-Closing Straddle Period means the portion of the Straddle Period ending on the Closing Date.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,