Deferrable Interest definition

Deferrable Interest means, with respect to any Monthly Payment Date and any Deferrable Component, an amount equal to the interest which is then due on the Component Outstanding Principal Balance of such Deferrable Component (including, for the avoidance of doubt, the outstanding Deferred Interest Amount with respect to such Deferrable Component) calculated using the applicable Deferrable Interest Rate for such Deferrable Component. For the avoidance of doubt, DC Interest Amount is a portion of the Deferrable Interest with respect to the related Deferrable Component.
Sample 1Sample 2
Deferrable Interest means, with respect to any Monthly Payment Date and any Deferrable Component, an amount equal to the interest which is then due on the Component Outstanding Principal Balance of such Deferrable Component (including, for the avoidance of doubt, the outstanding Deferred Interest Amount with respect to such Deferrable Component) calculated using the applicable Deferrable Interest Rate for such Deferrable Component. For the avoidance of doubt, DC Interest Amount is a portion of the Deferrable Interest with respect to the related Deferrable Component. “Deferrable Interest Rate” means, (i) with respect to Component E1, 4.5000% per annum and (ii) with respect to Component E2, 4.5000% per annum. “Deferred Interest Amount” means, (i) with respect to Component E1, the Component E1 Deferred Interest Amount and (ii) with respect to Component E2, the Component E2 Deferred Interest Amount. “Deficiency” means, with respect to any Property File, (i) the failure of one or more Specified Documents contained therein to be fully executed or to match the information on the most recent Properties Schedule required to be delivered by Section 4.3.6, (ii) one or more Specified Documents contained therein are mutilated, materially damaged or torn or otherwise physically altered or unreadable or (iii) the absence from a Property File of any Specified Document required to be contained in such Property File. “Designated HOA Properties” means, with respect to any state, HOA Properties located in such state that (i) were not Applicable HOA Properties on the Closing Date, (ii) become Applicable HOA Properties after the Closing Date and (iii) are designated by Borrower to Lender in writing as Designated HOA Properties. “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semiannually. “Disqualified Property” means any Property that fails to constitute an Eligible Property (after the lapse of any applicable Cure Period). “DSCR Period” means, (i) with respect to Component E1, a Component D DSCR Period, (ii) with respect to Component E2, a Component E1 DSCR Period and (iii) with respect to whether a Trigger Period has occurred and is continuing, a Low DSCR Period.
Sample 1
Deferrable Interest means any “Deferrable Interest” specified in the applicable Series Supplement.
Sample 1

Examples of Deferrable Interest in a sentence

  • The sole asset of the Trust is the $154,640,000 principal amount of 8.3% Junior Subordinated Deferrable Interest Debentures, due 2037, issued by KCPL.

  • The sole asset of the trust is $124 million principal amount of 8-1/2% Deferrable Interest Subordinated Debentures, Series B due July 31, 2036.

  • The sole asset of the trust is $103 million principal amount of 7-7/8% Deferrable Interest Subordinated Debentures, Series A due December 11, 2025 (the Subordinated Debentures).

  • The Capital Trust issued the Capital Securities and invested the proceeds in 7.10% Junior Subordinated Deferrable Interest Debentures issued by the Company, which are due February 28, 2038.

  • Except for the Fixed/Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033 (the “Debentures”) relating to the Indenture, dated August 28, 2003 (the “Indenture”), between KTYB and U.S. Bank National Association, as Trustee, no trust preferred or subordinated debt securities of KTYB or any KTYB Subsidiary are issued or outstanding.

  • Floating Rate Junior Subordinated Deferrable Interest Debenture of First Banks, Inc.

  • There is hereby authorized a series of debt securities designated the "____% Junior Subordinated Deferrable Interest Notes due ____", limited in aggregate principal amount to $____________, which amount shall be as set forth in any written order of the Company for the authentication and delivery of Notes pursuant to Section 2.02 of the Indenture.

  • The entire proceeds from the sale by the Trust to the holders of the Capital Securities shall be combined with the entire proceeds from the sale by the Trust to the Company of its common securities (the "Common Securities"), and shall be used by the Trust to purchase $10,310,000.00 in principal amount of the Floating Rate Junior Subordinated Deferrable Interest Debentures (the "Debentures") of the Company.

  • HECO may from time to time create or establish one or more statutory business trusts for the purpose of issuing undivided beneficial interests in the assets thereof (the "Trust Securities") and using the proceeds thereof to acquire the Junior Subordinated Deferrable Interest Debentures of HECO and HECO's subsidiaries, including any of the Company's Debentures.

  • The entire proceeds from the sale by the Trust to the holders of the Capital Securities shall be combined with the entire proceeds from the sale by the Trust to the Company of its common securities (the "Common Securities"), and shall be used by the Trust to purchase $15,464,000.00 in principal amount of the Floating Rate Junior Subordinated Deferrable Interest Debentures (the "Debentures") of the Company.


More Definitions of Deferrable Interest

Deferrable Interest shall have the meaning set forth in Section 3.4 of the Lease.
Sample 1

Related to Deferrable Interest

  • Transferable interest means the right, as originally associated with a person’s capacity as a member, to receive distributions from a limited liability company in accordance with the operating agreement, whether or not the person remains a member or continues to own any part of the right.

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

  • Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Receivable Interest means, at any date of determination, an undivided percentage ownership interest in (a) 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 1.03, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Each undivided percentage interest shall be computed as where:

  • Eligible interests means interests or memberships.

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

  • Insurable interest as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.

  • Redeemable Interests means any Partnership Interests for which a redemption notice has been given, and has not been withdrawn, pursuant to Section 4.10.

  • 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.

  • 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.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Uncertificated Distributable Interest As defined in Section 2.11(g) with respect to any REMIC I Regular Interest for any Distribution Date and in Section 2.13(g) with respect to any REMIC II Regular Interest for any Distribution Date.

  • Supplemental Interest Account As defined in Section 4.07 hereof.

  • 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.

  • Subsidiary REMIC Interest Any one of the Subsidiary REMIC Interests or the SR-A-R Interest.

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

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

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

  • Variable Interest Entity means any variable interest entity that the Borrower is required to consolidate at any time pursuant to FASB ASC 810 - Consolidation. Schedule 1.01(a) identifies the entities that are Non-Subsidiary Variable Interest Entities as of the date hereof. Schedule 5.13 identifies the entities that are Variable Interest Entities that are Subsidiaries as of the date hereof.

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

  • Simple interest means interest computed on the principal balance outstanding

  • 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.

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

  • Class C Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class C Notes at the Class C Interest Rate on the Class C Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class C Noteholders on or prior to such preceding Payment Date.

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

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