Current Coupon definition

Current Coupon means, as of any date of determination, (i) with respect to any Collateral Debt Security which is a Fixed Rate Collateral Debt Security, the stated rate at which interest accrues on such Fixed Rate Collateral Debt Security and (ii) with respect to any Collateral Debt Security which is a Deemed Fixed Rate Collateral Debt Security, the Deemed Fixed Spread plus the Deemed Fixed Rate, each related to such Deemed Fixed Rate Collateral Debt Security.
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Current Coupon. Original Balance: Current Balance: Outstanding Senior Debt**: Original Accrued P&I: Current Accrued Interest 3/31/04: Origination Date: First Payment Date: Maturity Date: Date Next Due: Original Term: Original Amortization Term: Product Type: Balloon Flag: Original LTV: Combined Current LTV**:
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Examples of Current Coupon in a sentence

  • The Owner by accepting the Tuition Certificate irrevocably assigns to MEFA and authorizes MEFA (in its own capacity and not as Program Custodian) to receive on behalf of the Owner from the Program Custodian, payments on the Current Coupon and apply such payments to such administrative fee.

  • MEFA will charge the Owner, in addition to any other fees specified in the Contract, and the Owner by accepting the Tuition Certificate agrees to pay, only from the Current Coupon interest on each Tuition Certificate, a semi-annual administrative fee equal to payments received on the Current Coupon.

  • Current Coupon BondsCurrent coupon bonds are bonds that pay interest periodically and principal at maturity.

  • Historical Pricing on Senior Non-Agency Securities Agency Spreads FN 30-yr Current Coupon vs.

  • Current Coupon Bonds: Traditional “plain vanilla” bond issues where the coupon is set at a fixed rate to maturity at the time of their issuance and immediately, upon issuance, begins to accrue interest, which is payable on pre-set interest payment dates.APPENDIX AGlossary of TermsDebt Affordability: The principal amount of debt that an issuer can afford within the constraints of net revenues and debt service coverage requirements.

  • F(tk−1, tk) Σ−1, if k = 1 (10)D(tk−1, tk) = D(tN −1, tN ) =1 +Σ.1 +200F(tN −1, tN ) yN100, if 1 < k < N−1, if k = N,where t0 is the Start of the Current Coupon Period, F(s, t) is the OAS–Adjusted One– Period Forward Rate, y1 is the Current Coupon Period Year–Fraction, y(t0, T ) is the Accrual Year–Fraction, and yN is the Final Coupon Period Year–Fraction.

  • The determination of each Current Coupon, Interest Amount and Redemption Amount, the obtaining of each quote and the making of each determination or calculation by the Calculation Agent(s) shall (in the absence of manifest error) be final and binding upon all parties.

  • If any Current Coupon Debenture or Zero Coupon Debenture called for repurchase or purchase is converted, any money deposited with the Trustee or with a Paying Agent or so segregated and held in trust for the repurchase or purchase of such Current Coupon Debenture or Zero Coupon Debenture shall be paid to the Company on Company Request or, if then held by the Company, shall be discharged from such trust.

  • If the Calculation Agent does not at any time for any reason determine or calculate the Current Coupon for an Interest Period or any Interest Amount or Redemption Amount, the Trustee shall do so (or shall appoint an agent on its behalf to do so) and such determination or calculation shall be deemed to have been made by the Calculation Agent.

  • As we observed a negative yield difference in the descriptive statistics of ∆ Current Coupon, this variable can give us an indication of how dynamics in the primary market affect the yields in the secondary market.We evaluate the robustness of our linear regression model with a Breusch-Pagan test and calculations of Variation Inflation Factor (VIF) for each variable.

Related to Current Coupon

  • Flight Coupon means that portion of the ticket which is either held electronically in the carrier’s database or on paper when a paper ticket is issued to a passenger. It indicates the particular points between which the passenger is entitled to transportation.

  • Senior Target Amount With respect to each Distribution Date, an amount equal to the lesser of (a) the product of (i) 77.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Applicable Par Call Date means with respect to the 2024 Notes, March 2, 2024, and with respect to the 2029 Notes, July 1, 2029.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 86.20% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • Coupon Period means the period commencing on (and including) the Issue Date and ending on (but excluding) the first Coupon Payment Date and each successive period commencing on (and including) a Coupon Payment Date and ending on (but excluding) the next succeeding Coupon Payment Date;

  • Zero Coupon Note means a Note specified as such in the relevant Final Terms.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Coupon means any interest coupon appertaining to a Bearer Security.

  • Coupon Rate has the meaning set forth in Section 2.8.

  • Payment Year means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment “for a Payment Year” mean the Initial Year Payments or Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.

  • Coupon Amount means (i) in respect of a Coupon Payment, the amount of interest payable on a Security for the relevant Coupon Period in accordance with Condition 5 and (ii) for the purposes of Conditions 8(c) and 8(d), any interest accrued from (and including) the preceding Coupon Payment Date (or, if none, the Issue Date) to (but excluding) the due date for redemption if not a Coupon Payment Date as provided for in Condition 5(b);

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Par Call Date means July 1, 2030.

  • Zero Coupon Obligation means a debt security that does not expressly provide for the accrual of interest, and includes the former component parts of a debt security that did expressly provide for the accrual of interest if that component part does not itself expressly provide for the accrual of interest.

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 84.30% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • Current year means the financial year, which has already commenced, but not yet ended;