Initial Accrued Interest definition

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. Not Applicable Redemption Dates: None

Examples of Initial Accrued Interest in a sentence

• In the event an Optional Exchange shall occur prior to the Initial Distribution Date, a pro rata portion of any Initial Accrued Interest shall be paid to the Depositor on the Optional Exchange Date in accordance with the provisions of Section 4.06(b)(x) hereof (and the amount of Initial Accrued Interest shall correspondingly be reduced by any payments to the Depositor under Section 4.06(b)(x)).

• The Holder shall have the option, by giving Maker written notice of its election thirty (30) days’ prior to June 30, 2009, to have the Initial Accrued Interest paid in shares of the Company’s common stock (“Common Stock”).

• 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.

• The Initial Accrued Interest shall be due on July 1, 2009 and payable within five (5) Business Days (as defined in Section 8.11 below) after June 30, 2009.

• On the Closing Date the Portfolio Swap Counterparty will pay the difference between (i) the Initial Upfront Amount, and (ii) the sum of the Initial Fees and Expenses and the Initial Accrued Interest to the Issuer.

More Definitions of Initial Accrued Interest

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 Payment Date for such Underlying Security next preceding the deposit of such Underlying Security hereunder (or, in the event that such Underlying Security Payment Date is the first Underlying Security 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 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. $_______ Redemption Dates: In whole or in part at any time on or after June 15, 2003

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. 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. Redemption Dates: Redemption Prices: Priority: Security: Rating as of Closing Date: Form of Underlying Securities: [Retained Interest:] SCHEDULE II ACCRETING PRINCIPAL SCHEDULE Year Ending Balance ---- -------------- SCHEDULE III SERIES 20[ ]-[ ] DESCRIPTION OF THE RETAINED INTEREST EXHIBIT A STANDARD TERMS FOR TRUST AGREEMENTS EXHIBIT B-1 FORM OF TRUST CERTIFICATE CLASS A-[ ] EXHIBIT B-2 FORM OF TRUST CERTIFICATE CLASS A-[ ] EXHIBIT B-3 FORM OF TRUST CERTIFICATE CLASS A-[ ] TABLE OF CONTENTS