Coupon Interest definition

Coupon Interest means the interest on the Bonds expressed as an annual percentage rate, cf 6.5.(a). With respect to floating-rate Bonds, the Coupon Interest is fixed as set out in 6.5.(b) and (c). The Coupon Interest may be positive, negative or zero. The Coupon Interest is rounded to four decimals.
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Coupon Interest has the meaning given in Section 2.5.
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Coupon Interest means the interest on the Bonds, expressed as an annual percentage rate.
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Examples of Coupon Interest in a sentence

  • The claim in the event of negative Coupon Interest falls due on the Payment Date of the relevant Payment Period.

  • The Coupon Interest calculated accordingly will be the bond interest rate for the subsequent fixing period, but see b) above concerning the opening of an ISIN; or Any other fixing method may be set out in the relevant Final Bond Terms.

  • The Interest Rate Floors and Caps of any fixing method take precedence, meaning that the Coupon Interest cannot be lower than the Interest Rate Floor nor higher than the Interest Rate Cap.

  • An Interest Rate Spread is added to the Reference Rate average, and the sum is multiplied by 365/360 (Coupon Interest = 365/360*(Reference Rate average + Interest Rate Spread)).

  • If the Redemption Date/ Maturity Date (also being the last Coupon/ Interest Payment Date) of any Series of Bonds falls on a day which is not a Working Day, the redemption proceeds shall be paid on the immediately preceding Working Day along with the interest accrued on the Bonds until but excluding the date of such payment.

  • The Coupon Interest of floating-rate Bonds is calculated for each Payment Period in relation to the stated Reference Rate plus an Interest Rate Spread as set out in the Final Bond Terms.

  • This also applies to floating-rate Bonds with negative Coupon Interest.

  • All floating-rate Bonds carry Coupon Interest relative to the Denomination of the Bonds which rate is expressed as an annual percentage.

  • All fixed-rate Bonds carry Coupon Interest denoted as an annual percentage of the Denomination of the Bonds from the first day the Bonds are interest-bearing as set out in the Final Bond Terms.

  • In connection with the opening of an ISIN, Nykredit fixes the Coupon Interest for the period up to the first Interest Rate Reset and the size of the Interest Rate Spread, if any, applicable throughout the maturity of the Bonds in the Final Bond Terms.


More Definitions of Coupon Interest

Coupon Interest has the meaning assigned to it in Section 2.1(a)(3).
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Coupon Interest means the cash interest amounts paid on a semi- annual basis by NZ Co to the Noteholder.
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Coupon Interest is calculated assuming a 180-day semi-annual period and a 360 day year.
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Related to Coupon Interest

  • Common Interest means employers engaged in the same industry or members of an Oklahoma trade association that has been in business for at least five (5) years.

  • registered interest means an international interest, a registrable non-consensual right or interest or a national interest specified in a notice of a national interest registered pursuant to Chapter V;

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • 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.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • 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.

  • Receivable Interest means, at any time, an undivided percentage ownership interest in (i) 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 2.03, (ii) all Related Security with respect to such Pool Receivables, and (iii) all Collections with respect to, and other proceeds of, such Pool Receivables. Such undivided percentage interest shall be computed as

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class C Additional Interest is defined in Section 4.1(c).

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

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Note Interest for any Class of Notes and Payment Date means interest for the related Interest Period at the applicable Note Rate on the related Note Principal Balance as of the first day of the Interest Period (after giving effect to the distributions made on the first day of the Interest Period).

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • 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.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Accrued Class D Note Interest means, with respect to any Payment Date, the sum of the Class D Noteholders’ Monthly Accrued Interest for such Payment Date and the Class D Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Net Deferred Interest With respect to each Loan Group and any Distribution Date, the greater of (i) the excess, if any, of the Deferred Interest for the related Due Date over the aggregate amount of any principal prepayments in part or in full received during the related Prepayment Period and (ii) zero.

  • Accrued Class C Note Interest means, with respect to any Payment Date, the sum of the Class C Noteholders’ Monthly Accrued Interest for such Payment Date and the Class C Noteholders’ Interest Carryover Shortfall for such Payment Date.