Day Count definition

Day Count means, in respect of an Interest Rate Period, the number of days in such Interest Rate Period divided by 360.

Day Count means the method used to calculate the yield on the transaction, and if not otherwise stated will be actual/365. The parties agree and acknowledge that the Transaction is not a bank deposit. The moneys received by the Dealer from the Client are paid for the purpose of a repurchase agreement. We understand and agree that the value of the underlying assets which are the subject of the retail repurchase agreement is notional and based on market forces and the pricing mechanisms described and approved or recognized by the Regulator. The value in relation to Securities means as of any date, the price for such Securities on such date obtained using the mechanism prescribed/approved by the Regulator or the method of valuation which has been recognized by the Regulator, from time to time. Details of the Transaction are set forth below: Dealer as Principal: Dealer’s Address: Client’s Name (in Full): Client TRN: Purchase Date/Transaction Date: Currency: Purchase Price: Repurchase Date: Repurchase Price (gross): Repurchase Price (net of withholding tax): Currency Denomination (in which Repurchase Price shall be paid): Coupon Rate: Interest Rate: Margin Percentage: Day Count of Calculation of Yield Rate:

Day Count means a fraction the numerator of which is the number of days in the period from and including the Scheduled Maturity Date to but excluding the Additional Exchange Date or the Credit Suisse Cash Settlement Date, as applicable, and the denominator of which is 360 (the number of days to be calculated on the basis of a year of 360 days with twelve thirty day months). Number of Triggered Credit Events One or more Credit Events may occur in respect of each Reference Entity during the life of the Notes but, other than the occurrence of a Credit Event which is a Restructuring Credit Event in respect of which either “Restructuring Maturity Limitation and Fully Transferable Obligation Applicable” or “Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation Applicable” is specified to be applicable in the Matrix for he Transaction Type relating to such Reference Entity (a “Relevant Restructuring”) (as defined in the terms of each Credit Default Swap Transaction), only one Triggered Credit Event may occur in respect of any Reference Entity. If a Credit Event results from a Relevant Restructuring, the Swap Counterparty may elect to trigger such Credit Event in one or more percentages (each an “Exercised Percentage”). If the Swap Counterparty elects to apply an Exercised Percentage in respect of the Reference Entity that is less than 100 per cent., the Swap Counterparty may subsequently specify one or more further Exercised Percentages in respect of such Restructuring (provided that the aggregate of all such Exercised Percentages cannot exceed 100 per cent.). If the maximum number of Triggered Credit Events (taking into account the fact that the Swap Counterparty may trigger a Credit Event which is a Restructuring multiple times) occur, once each of the Credit Suisse Cash Settlement Amounts relating thereto have been paid under a Credit Default Swap Transaction, the Class Notional Amount of such Credit Default Swap Transaction will be reduced to zero. A reduction of the Class Notional Amount of such Credit Default Swap Transaction to zero in such circumstances prior to the Scheduled Maturity Date will not cause such Credit Default Swap to terminate early or the Notes to redeem early, absent the occurrence of an Early Redemption Event (which includes, among other things, any Event of Default in respect of the Notes). Payment of Final Redemption Amount Under each Credit Default Swap Transaction, on the Reference Business Day immediately preced...

Examples of Day Count in a sentence

• In respect of any other period for which interest is required to be calculated, the provisions above shall apply save that the Day Count Fraction shall be for the period for which interest is required to be calculated.

• If interest is required to be calculated for a period of less than a full year, such interest shall be calculated on the basis of the Day Count Fraction (as defined below).

• The Interest Amount will be calculated by applying the Rate of Interest for such Interest Period to the Calculation Amount, multiplying the product by the relevant Day Count Fraction, rounding the resulting figure to the nearest sub-unit of the Specified Currency (half a sub-unit being rounded upwards) and multiplying such rounded figure by a fraction equal to the Specified Denomination of the relevant Note divided by the Calculation Amount.

• The amount of interest payable in respect of any Note for any period shall be calculated by multiplying the product of the Rate of Interest and the outstanding nominal amount of such Note by the Day Count Fraction, unless an Interest Amount (or a formula for its calculation) is specified in respect of such period, in which case the amount of interest payable in respect of such Note for such period shall equal such Interest Amount (or be calculated in accordance with such formula).

• Each Interest Amount shall be calculated by applying the Rate of Interest to each Specified Denomination, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest sub-unit of the relevant Specified Currency, half of any such sub-unit being rounded upwards or otherwise in accordance with applicable market convention.

More Definitions of Day Count

Day Count means a fraction the numerator of which is the number of days in the period from and including the Scheduled Maturity Date to but excluding the Additional Exchange Date or the Credit Suisse Cash Settlement Date, as applicable, and the denominator of which is 360 (the number of days to be calculated on the basis of a year of 360 days with twelve thirty day months).

Day Count is the number of days in the period commencing on and including April 15, 2001 to but excluding the Termination Date.

Day Count means a fraction the numerator of which is the number of days in the period from and including the Scheduled Maturity Date to but excluding the Additional Repurchase Date or the Issuer Cash Settlement Date, as applicable, and the denominator of which is 360 (the number of days to be calculated on the basis of a year of 360 days with twelve thirty day months). Payment of Final Redemption Amount If no Credit Event has occurred and no Unsettled Credit Event (as defined below) is outstanding as at the Credit Event Observation Period End Date, on the Reference Business Day immediately preceding the Scheduled Maturity Date of the Class of Notes to which such Repo Transaction relates (the “Repurchase Date”):

Day Count means the day count convention applicable to the floating rate index specified for the relevant Transaction.

Day Count means, for all Approved Financings, for any Monthly Period, a fraction (i) the numerator of which is the actual number of days in such Monthly Period and (ii) the denominator of which is 360.

Day Count means the common convention that defines the way We calculate accrued interest. These are actual/365 days per year for Sterling and actual/360 days per year for US dollars and Euro.

Day Count. The number set forth after such term in the current Schedule A (or supplement thereto), which equals the number of the actual days from and including the Effective Date through and excluding the Reset Date (or, if earlier, the Termination Date) and thereafter from and including such Reset Date to and excluding the succeeding Reset Date (or, if earlier, the Termination Date). Default Rate: [Confidential] Delinquent Receivables: Purchased Receivables with respect to which such Purchased Receivables shall be more than 15 days past due.