Computation of Interest definition

Computation of Interest. The interest is computed by multiplying the outstanding balance for that day by the daily periodic rate. The outstanding balance for each day is the balance of my account at the close of business after all transactions including payments and other credits and new borrowings and other charges have been entered.
Sample 1Sample 2
Computation of Interest. The interest rate on each Floating Rate Note will be calculated by reference to the specified Base Rate in either case plus or minus the applicable Spread, if any, and/or multiplied by the applicable Spread Multiplier, if any. Unless otherwise provided in the applicable Pricing Supplement, interest on each Floating Rate Note will be calculated by multiplying its face amount by an accrued interest factor. Such accrued interest factor is computed by adding the interest factor calculated for each day in the period for which accrued interest is being calculated. Unless otherwise specified in the applicable Pricing Supplement, the interest factor for each such day is computed by dividing the interest rate applicable to such day by 360 in the case of CD Rate Notes, Commercial Paper Rate Notes, Federal Funds Rate Notes, LIBOR Notes or Prime Rate Notes, or by the actual number of days in the year in the case of Treasury Rate Notes and CMT Rate Notes. Acceptance and Rejection of Offers: The Company will have the right to accept or reject in whole or in part offers to purchase Notes. Each Agent shall communicate to the Company, orally or in writing, each offer to purchase Notes received by it, other than those rejected by it as unreasonable. Each Agent may reject any offer in whole or in part.
Sample 1
Computation of Interest. Interest on each Fixed Rate Note (including payments for partial periods) will be calculated on the basis of a 360- day year of twelve 30-day months. (Examples of interest calculations are as follows: 3-15-89 to 9-15-89 equals six months, zero days or 180 days; the interest paid equals 180/360 times the annual rate of interest times face value. The period from 4-17-89 to 9-15-89 equals four months, 28 days or 148 days; the interest paid equals 148/360 times the annual rate of interest times face value.) Interest does not accrue on the 31st day of any month. Interest on Floating Rate Notes will accrue from the date of issue or from the last date to which interest has been paid up to but excluding the next succeeding Interest Payment Date (each such time period an "Interest Period"). With respect to a Floating Rate Note, accrued interest shall be calculated by multiplying the principal amount of such Floating Rate Note by an accrued interest factor. Such accrued interest factor will be computed by adding the interest factors calculated for each day in the Interest Period or from the last date from which accrued interest is being calculated. The interest factor for each such day is computed by dividing the interest rate in effect on such day by 360, in the case of CD Rate Notes, Commercial Paper Rate Notes, Federal Funds Rate Notes and LIBOR Notes, or by the actual number of days in the year, in the case of Treasury Rate Notes. Payments of Principal, Premium, if any, and Interest: Payments of Interest Only. Promptly after each Regular Record Date, the Trustee will deliver to Ford Credit and DTC a written notice specifying by CUSIP number the amount of interest to be paid on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with Maturity) and the total of such amounts. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the daily bond reports published by Standard & Poor's. On such Interest Payment Date, Ford Credit will pay to the Trustee, and the Trustee in turn will pay to DTC, such total amount of interest due (other than at Maturity), at the times and in the manner set forth below under "Manner of Payment". If any Interest Payment Date for any Fixed Rate Book-Entry Note is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Inter...
Sample 1

Examples of Computation of Interest in a sentence

  • Computation of Interest..................................................................

  • Computation of Interest.................................................

  • Computation of Interest....................................................

  • Computation of Interest.....................................................

  • Computation of Interest.........................................................

  • Computation of Interest....................................................................

  • Computation of Interest...............................................................

  • Computation of Interest................................................................

  • Computation of Interest..............................................................

  • Computation of Interest........................................................


More Definitions of Computation of Interest

Computation of Interest. Interest on each Fixed Rate Note (including payments for partial periods) will be calculated on the basis of a 360-day year of twelve 30-day months. (Examples of interest calculations are as follows: 3-15-89 to 9-15-89 equals six months, zero days or 180 days; the interest paid equals 180/360 times the annual rate of interest times face value. The period from 4-17-89 to 9-15-89 equals four months, 28 days or 148 days; the interest paid equals 148/360 times the annual rate of interest times face value.) Interest does not accrue on the 31st day of any month. Interest on Floating Rate Notes will accrue from the date of issue or from the last date to which interest has been paid up to but excluding the next succeeding Interest Payment Date (each such time period an "Interest Period"). With respect to a Floating Rate Note, accrued interest shall be calculated by multiplying the principal amount of such Floating Rate Note by an accrued interest factor. Such accrued interest factor will be computed by adding the interest factors calculated for each day in the Interest Period or from the last date from which accrued interest is being calculated. The interest factor for each such day is computed by dividing the interest rate in effect on such day by 360, in the case of CD Rate Notes, Commercial Paper Rate Notes, Federal Funds Rate Notes and LIBOR Notes, or by the actual number of days in the year, in the case of Treasury Rate Notes.
Sample 1
Computation of Interest. As specified in the Spread: See attached schedule Prospectus Supplement for the indicated base rate. Spread Multiplier: N/A. Maximum Interest Rate: None. Authorized Denominations: $1,000 integral amounts. Minimum Interest Rate: None.
Sample 1
Computation of Interest. As specified in the Prospectus Initial Interest Reset Date: November 15, 2005; Supplement for the indicated base rate. provided that if such day is not a Business Day, such Interest Reset Date will be the next succeeding day that is a Business Day, unless that succeeding Business Optional Redemption: Yes [ ] No [X] Day would fall in the next calendar month, in which Optional Redemption Date: Not applicable. case such Interest Reset Date will be the immediately Initial Redemption Percentage: Not applicable. preceding Business Day. Annual Percentage Reduction: None. Redemption may be: [ ] In whole only. Index Maturity: Three month. [ ] In whole or in part. Interest Rate Determination Date: As specified in the Other Redemption Terms: Not applicable. Prospectus Supplement for the indicated base rate.
Sample 1

Related to Computation of Interest

  • Calculation of Interest Interest on the Notes (including interest for partial periods) will be calculated on the basis of a 360-day year of twelve 30-day months. (Examples of interest calculations are as follows: October 1, 1998 to April 1, 1999 equals 6 months and 0 days, or 180 days; the interest paid equals 180/360 times the annual rate of interest times the principal amount of the Note. The period from December 3, 1998 to April 1, 1999 equals 3 months and 28 days, or 118 days; the interest payable equals 118/360 times the annual rate of interest times the principal amount of the Note.)

  • Expression of Interest means a statement of qualifications submitted in response to and according to the terms of this Request for Expressions of Interest;

  • Identity of Interest means a situation in which a Project Participant has a direct or indirect interest in the ownership of an entity which contracts with a Project Participant to provide land, goods, loans, financial support, or services for the project or where there is a financial, familial, or business relationship that permits less than arm’s length transactions.

  • Arrears of Interest means as at any date in respect of any Loan, interest (other than Capitalized Interest or Accrued Interest) on that Loan which is currently due and payable and unpaid on that date;

  • Accrued Interest means, with respect to Single Family Shared-Loss Loans, the amount of earned and unpaid interest at the note rate specified in the applicable loan documents, limited to 90 days.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Conversion to Fixed Interest Rate With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;

  • Computation Date is defined in Section 2.04.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Fixed Rate Certificate A Certificate that provides for a payment of interest at a Fixed Pass-Through Rate.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen

  • Interest Basis means the First Interest Basis or the Second Interest Basis, as applicable.

  • Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • Payments of Principal and Interest Payments of Principal and Interest. Promptly after each Regular Record Date, the Trustee will deliver to the Company and DTC a written notice specifying by CUSIP number the amount of interest, if any, to be paid on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with a Maturity Date) and the total of such amounts. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the daily bond reports published by Standard & Poor's. On such Interest Payment Date, the Company will pay to the Trustee, and the Trustee in turn will pay to DTC, such total amount of interest due (other than on the Maturity Date), at the times and in the manner set forth below under "Manner of Payment". If any Interest Payment Date for any Note is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Interest Payment Date.

  • Accrual Period With respect to each Payment Date, the period beginning on and including the prior Payment Date (or, in the case of the first Payment Date, the Closing Date) and ending on and including the day preceding such Payment Date.

  • Proof of Interest means a proof of Interest filed in any of the Debtors in the Chapter 11 Cases.

  • Eligibility Computation Period means a 12-consecutive month period beginning with your first day of employment. Any succeeding Eligibility Computation Period will then switch to the Plan Year, beginning with the Plan Year that includes your first anniversary of employment. You will generally earn an hour of service for each hour you are paid for the performance of duties for the Company (however, numerous exceptions and special rules apply).

  • Interest Coverage Amount The amount to be paid by the Depositor to the Trustee for deposit into the Interest Coverage Account on the Closing Date pursuant to Section 4.08, which amount is $____________.

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Breakage Amount has the meaning set forth in Section 3.06 of the Series 2019-1 Class A-1 Note Purchase Agreement.

  • Month End Interest As defined in each Servicing Agreement.

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.