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

  • We recalculated the amounts in segment IV (G) through (I) and "Net Expected Interest Collections" and compared the resulting amounts to those reported, noting agreement.

  • We recalculated the amounts in segment IV (G) through (I) and "Net Expected Interest Collections" and the "Adjusted Student Loan Rate" percentage and compared the resulting amounts and percentage to those reported, noting agreement.

  • We added the "Net Expected Interest Collections" and recalculated the percentages in segment IV (L) through IV (P) and compared the resulting amounts and percentages to those reported, noting that such amounts and percentages agree.

  • Insurance Broker Insurance Carrier Expected Interest Considering Defaults and Prepayments ~$23,000 Principal Lender Costs & Profit Insurance Premium Program Fee Budgeted Losses Underwriting Profit Administration Fee ~$470 Program Fee ~$626 Profit Share ~$65 Administration Fee Illustrative Unit Economics Summary ~$1,161 (1) Open Lending Revenue ~$23,000 Average Loan Principal Interest Breakdown Insurance Premium Breakdown 2 (1) Based on ~$23k average loan amount, consistent with Open Lending enabling loans.

  • 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 Xxxxx Fargo Home Mortgage at least eight (8) Business Days before the investor remittance date.

  • Insurance Broker Insurance Carrier Expected Interest Considering Defaults and Prepayments ~$23,000 Principal Lender Costs & Profit Insurance Premium Program Fee Budgeted Losses Underwriting Profit Administration Fee ~$470 Program Fee ~$615 Profit Share ~$65 Administration Fee Illustrative Unit Economics Summary ~$1,150 (1) Open Lending Revenue ~$23,000 Average Loan Principal Interest Breakdown Insurance Premium Breakdown 2 (1) Based on ~$23k average loan amount, consistent with Open Lending enabling loans.

  • A Borrower Interest Accrued During Collection Period $ 7,430,284.51 B Interest Subsidy Payments Accrued During Collection Period 0.00 C SAP Payments Accrued During Collection Period 0.00 D INV Earnings Accrued for Collection Period (RESERVE, COLLECTION) 75,318.04 E Investment Earnings (ADMINISTRATOR ACCOUNTS) 34,478.25 F Net Expected Interest Collections $ 7,540,080.80 VII.


More Definitions of Expected Interest

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).
Sample 1
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.
Sample 1
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.
Sample 1

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.

  • Accreted Interest Interest accrued on a Loan that is added to the principal amount of such Loan instead of being paid as it accrues.

  • 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.

  • Selected Interest Rates as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

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

  • Credited Interest means interest on Member contributions to the Plan compounded annually from the end of the Plan Year in which contributions were made to the first day of the calendar month in which a determination thereof is to be made. Provided however, that such compounding shall commence from May 1st, 1972 for determinations being made in respect to contributions made prior to that date. The rate of interest used in compounding Credited Interest in any Plan Year shall be the average of the rate in effect on the first day of each month during the previous Plan Year for non-checking savings accounts administered by the Bank with which the Company transacts the majority of its banking business. Effective January 1, 1988, Credited Interest in respect to a Member's required contributions to the Plan shall be calculated on the basis of the yields of five-year personal fixed term chartered bank deposit rates, as determined from CANSIM B14045, published monthly in the Bank of Canada Review, averaged over a reasonably recent period, such averaging period not to exceed twelve (12) months. Interest shall be credited at the end of each Plan Year. The method of crediting interest for each Plan Year shall be as follows:

  • Defaulted Interest has the meaning specified in Section 307.

  • Postponed Fixed Interest Date means the tenth Business Day following the originally scheduled Fixed Interest Date;

  • Impacted Interest Period has the meaning assigned to such term in the definition of “LIBO Rate”.

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

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

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

  • Contributed Interests has the meaning set forth in the recitals.

  • Offered Interest has the meaning set forth in Section 11.2.1.

  • Distributional interest means the right under an unincorporated entity’s organic law and organic rules to receive distributions from the entity.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Related interests means the interests of a coastal State directly affected or threatened by a wreck, such as:

  • Assumed Interest Amount With respect to any Distribution Date and Class of Subordinated Certificates, one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the applicable Assumed Balance immediately prior to that Distribution Date.

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

  • Purchased Interest means, at any time, the undivided percentage ownership interest in: (a) each and every Pool Receivable now existing or hereafter arising, (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. Such undivided percentage interest shall be computed as: