FURTHER INTEREST means in relation to Series 04-2 the amount to be paid by the MTN Issuer to the Series 04-2 Associated Issuer which is equal to the aggregate of: (1) Excess Finance Charge Amounts received by the MTN Issuer pursuant to the assignment contained in the Agreement Between Beneficiaries; and (2) any other amounts which are treated as Excess Finance Charge Amounts referable to Series 04-2 pursuant to the Declaration of Trust and Trust Cash Management Agreement (including Clauses 5.19(c), 5,19(d), 5.22(e) and 5.22(f), thereof as applicable in relation to Series 04-2);

FURTHER INTEREST means in relation to Series 03-2 the amount to be paid by the MTN Issuer to the Series 03-2 Associated Issuer which is equal to the aggregate of: (1) Excess Finance Charge Amounts received by the MTN Issuer pursuant to the assignment contained in the Agreement Between Beneficiaries; and (2) any other amounts which are treated as Excess Finance Charge Amounts referable to Series 03-2 pursuant to the Declaration of Trust and Trust Cash Management Agreement (including Clauses 5.19(c), 5,19(d), 5.22(e) and 5.22(f), thereof as applicable to Series 03-2);

FURTHER INTEREST means the amount specified in Condition 3.2.1(i).

Examples of FURTHER INTEREST in a sentence

Further, Interest money of the concerned schemes are part of grant, either it should be returned to the Funding Agency or utilised as Grant as prescribed in the concerned scheme guideline.
The Commission noted that while filing the Notice, UltraTech had reported that it is a subsidiary of Grasim Industries Limited (“ Grasim”) which in turn is a flagship company of Aditya Birla Group.
The Customer agrees that the fees and / or charges payable to ICICI Bank for providing access to or allowing the use of the ICICI Bank RTGS Facility and the interest (including Further Interest) payable by the Customer on the Temporary Overdraft are reasonable.
Notwithstanding the above, the Customer agrees that ICICI Bank shall be entitled, at all times, to debit, any and all of, the balances standing at any time to the credit of the Account (or other accounts of the Customer with ICICI Bank), for the payment of the fees and / or charges payable to ICICI Bank for providing access to or allowing the use of the ICICI Bank RTGS Facility and /or for repayment of the Temporary Overdraft and any interest (including Further Interest) payable on the Temporary Overdraft.
Further, Interest earned on Non Resident External (NRE) accounts and Foreign Currency Non Resident (FCNR) accounts are tax free in India.Hence, there would be no TDS.

More Definitions of FURTHER INTEREST

FURTHER INTEREST means in relation to Series 05-1 the amount to be paid by the MTN Issuer to the Series 05-1 Associated Issuer which is equal to the aggregate of: (1)

FURTHER INTEREST means the amount to be paid by the MTN Issuer to the Series 02-1 Associated Issuer which is equal to the amount received by the MTN Issuer under the Agreement Between Beneficiaries;

FURTHER INTEREST shall, in respect of the Series 2005-B Loan Note, have the meaning given to it in the Series 2005-B Loan Note Supplement;

FURTHER INTEREST has the meaning given to it in the Series 14-2 MTN Supplement; "Issue Date" means, in respect of Series 14-2 only, 11 November 2014;

FURTHER INTEREST means an interest in a landholder acquired by a relevant acquisition to which section 163(1)(c) or (d) applies: Duties Act s 148(1).

FURTHER INTEREST has the meaning given to it in the Series 15-1 MTN Supplement; "Issue Date" means, in respect of Series 15-1 only, 20 November 2015;

FURTHER INTEREST shall have the meaning assigned to such term in Article 5.3 below; “GAAP” means generally accepted accounting principles in India;