Expected Interest definition

Expected Interest means, with respect to any Collection Period, the product of (i) one-twelfth of the weighted average of the APRs (calculated based on a 360-day year consisting of twelve 30-day months) of Simple Interest Receivables which were neither 30 days or more delinquent (calculated based on a 360-day year consisting of twelve 30-day months) nor Defaulted Receivables as of the first day of the current Collection Period, weighted on the basis of the aggregate Principal Balances of such Simple Interest Receivables as of the first day of the current Collection Period and (ii) the aggregate Principal Balances of Simple Interest Receivables which were neither 30 days or more delinquent (calculated based on a 360-day year consisting of twelve 30-day months) nor Defaulted Receivables, as of the close of business on the last day of the immediately preceding Collection Period.
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Expected Interest means, with respect to any Collection Period, the product of (i) one-twelfth of the weighted average of the APRs (calculated based on a 360-day year of twelve 30-day months) of Simple Interest Receivables which were neither 30 days or more delinquent (calculated based on a 360-day year of twelve 30-day months) nor Defaulted Receivables as of the first day of the current Collection Period, weighted on the basis of the aggregate Principal Balances of such Simple Interest Receivables as of the first day of the current Collection Period and (ii) the aggregate Principal Balances of Simple Interest Receivables which were neither 30 days or more delinquent (calculated based on a 360-day year of twelve 30-day months) nor Defaulted Receivables as of the close of business on the last day of the immediately preceding Collection Period.
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Expected Interest means, for any calendar month, the sum of (i) the amount of interest due or accrued with respect to the Pledged Eligible Receivables and payable by the related Obligors thereof during such calendar month (whether or not such interest is actually paid) and (ii) earnings on Eligible Investments in respect of the Accounts during such calendar month.
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Examples of Expected Interest in a sentence

  • If the current remittance method is other than actual/actual, Commercial Federal Bank will calculate and provide an electronic loan level Test of Expected Principal and Net Interest (or Test of Expected Interest in the case of scheduled/actual portfolios) to ▇▇▇▇▇ Fargo Home Mortgage at least eight (8) Business Days before the investor remittance date.

  • The portion of the Proceeds that will be deposited into the Interest Reserve Account contemporaneously with the execution of this Agreement may exceed the Initial Interest Reserve Account Target since the Expected Interest Reserve Income Amount will be established with greater clarity after the Authority directs the Disbursement Agent to invest such Proceeds.

  • The portion of the Proceeds that will be deposited into the Interest Reserve Account contemporaneously with the execution of this Agreement may exceed the Initial Interest Reserve Account Target since the Expected Interest Reserve Income Amount will be established with greater clarity after the Issuer directs the Disbursement Agent in writing to invest such Proceeds.


More Definitions of Expected Interest

Expected Interest for the following month as of any Invoice Date means the product of: (a) the Planning Interest Rate; (b) the Initial Principal Amount, (c) the number of days between Settlement Dates and (d) a factor of 1/360.
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Expected Interest means, with respect to any Collection Period, the product of (i) one-twelfth of the weighted average of the APRs (calculated based on a 360-day year consisting of twelve 30-day months) of Simple Interest Receivables which were neither 30 days or more delinquent (calculated based on a 360-day year consisting of twelve 30-day months) nor Defaulted Receivables as of the first day of the current Collection Period, weighted on the basis of the aggregate Principal Balances of such Simple Interest Receivables as of the first day of the current Collection Period and (ii) the aggregate Principal Balances of Simple Interest Receivables which were neither 30 days or more delinquent (calculated based on a 360-day year consisting of twelve 30-day months) nor Defaulted Receivables, as of the close of business on the last day of the immediately preceding Collection Period. "FINAL FUNDING PERIOD PAYMENT DATE" means the Payment Date immediately succeeding the date on which the Funding Period ends (or on the Payment Date on which the Funding Period ends if the Funding Period ends on a Payment Date).
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Expected Interest means, with respect to any Transfer Date, an amount equal to the product of (a) one-twelfth of the Weighted Average Contract Rate for the Receivables for the related Collection Period multiplied by (ii) an amount equal to the aggregate Principal Balance of the Receivables as of the beginning of the first day of the related Collection Period minus the sum of the Principal Balances of the Non-Advance Receivables for such Transfer Date.
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Related to Expected Interest

  • Imputed Interest means any interest imputed under Section 1272, 1274 or 483 or other provision of the Code and any similar provision of state and local tax law with respect to the Corporate Taxpayer’s payment obligations under this Agreement.

  • Uncollected Interest With respect to any Distribution Date for any Mortgage Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such Mortgage Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.

  • REO Imputed Interest As to any REO Property, for any calendar month during which such REO Property was at any time part of REMIC I, one month's interest at the applicable Net Mortgage Rate on the Stated Principal Balance of such REO Property (or, in the case of the first such calendar month, of the related Mortgage Loan, if appropriate) as of the close of business on the Distribution Date in such calendar month.

  • related interest means (1) a company (other than an insured bank or a foreign bank) that is controlled by an executive officer, director, or principal shareholder or (2) a political or campaign committee that is controlled by or the funds or services of which will benefit an executive officer, director, or principal shareholder. See Section 215.11(a)(2) of

  • Vested Interest means a Participant’s nonforfeitable interest in his or her Account, determined in accordance with Article V.