Initial Accrued Interest. With respect to any Series, shall mean, with respect to each Underlying Security, the amount of interest which accrued thereon from the Underlying Security Interest Payment Date of such Underlying Security next preceding the deposit of such Underlying Security hereunder (or, in the event that such Underlying Security Interest Payment Date is the first Underlying Security Interest Payment Date to occur after the original issuance of such Underlying Security, from the dated date thereof) to, but excluding, the Closing Date.
Initial Accrued Interest. $[Amount] Redemption Dates: None Redemption Prices: None Priority: Based upon the Prospectus relating to the Underlying Securities, the Underlying Securities rank on a parity with all other unsecured and unsubordinated indebtedness of the Underlying Securities Issuer Security: None
Initial Accrued Interest. With respect to any Series and each related Underlying Security, the amount of interest which accrued thereon from the Underlying Security Interest Payment Date of such Underlying Security next preceding the deposit of such Underlying Security hereunder (or, in the event that such Underlying Security Interest Payment Date is the first Underlying Security Interest Payment Date to occur after the original issuance of such Underlying Security, from the dated date thereof) to, but excluding, the related Issue Date.
Examples of Initial Accrued Interest in a sentence
Bids received without depositing the requisite Earnest Money Deposit (EMD), are liable to be rejected.
The Accrued Interest Obligation in the Initial FY and each subsequent FY prior to the Initial Accrued Interest Obligation FY applicable to an Assessor’s Parcel classified as Developed Property for which a Certificate of Occupancy has not been issued prior to July 1 of such FY shall be zero.The Accrued Interest Obligation applicable to any Assessor’s Parcel classified as Developed Property shall commence to accrue on the Initial Interest Accrual Date.
More Definitions of Initial Accrued Interest
Initial Accrued Interest. Not Applicable Redemption Dates: None
Initial Accrued Interest means [specify if different than the Standard Terms]]
Initial Accrued Interest. With respect to any Series, shall mean, with respect to each Underlying Security, the amount of interest which accrued thereon from the Underlying Security Interest Payment Date of such Underlying Security immediately preceding the Cut-off Date (or, in the event that the first such Underlying Security Interest Payment Date occurs after the Cut-off Date, from the date that the Underlying Security was issued) to, but excluding, the Closing Date.
Initial Accrued Interest. From May 1, 1997 Redemption Dates: None Redemption Prices: None Priority: Based upon the Offering Circular relating to the Underlying Securities, the Underlying Securities rank equally as to the application of Net Power Proceeds with all other Power Bonds. As to the application of Net Power Proceeds, Power Bonds presently rank senior to other Evidences of Indebtedness as to principal and on a parity with or senior to other Evidences of Indebtedness as to interest. Security: None Rating as of Closing: TVA Power Bonds and the stripped principal portion of such obligations are generally rated "Aaa" by Moody's and "AAA" by S&P. The stripped interest portions of such obligations are typically not rated by Moody's or S&P. Form of Underlying Securities: Book-entry system of the U.S. Federal Reserve Banks.
Initial Accrued Interest. With respect to any Series, shall mean, with respect to each Underlying Security, the amount of interest which accrued thereon from the Underlying Security Interest Payment Date of such Underlying Security next preceding the deposit of such Underlying Security hereunder (or, in the event that such Underlying Security Interest Payment
Initial Accrued Interest. From May 1, 1997 Redemption Dates: None Redemption Prices: None Priority: Based upon the Offering Circular relating to the Underlying Securities, the Underlying Securities rank equally as to the application of Net Power Proceeds with all other Power Bonds. As to the application of Net Power Proceeds, Power Bonds presently rank senior to other Evidences of Indebtedness as to principal and on a parity with or senior to other Evidences of Indebtedness as to interest.
Initial Accrued Interest. Letter of Credit"