Interest Adjustment Payment definition

Interest Adjustment Payment means, with respect to an Interest Accrual Period, an amount equal to (a) the amount of interest that would have been payable in respect thereof if such amount had been determined in accordance with the provisions under “—Calculation of Interest” above in the absence of the provisions contained in the first three paragraphs under “— Deferral of Interest” and if the Payable Credit Protection Payment related to the Unsettled Reference Entities had been determined on the relevant Event Determination Date (based on the actual Final Price(s) relating thereto) minus (b) the Minimum Interest Payment in respect thereof.

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Interest Adjustment Payment has the meaning set forth in Section 2(d).

Interest Adjustment Payment means, with respect to any Interest Period on the last day of which there are one or more Undetermined Reference Entities, an amount equal to "A" minus "B," where "A" is equal to (i) the Interest Amount that would have been payable for the Interest Period on the Scheduled Interest Payment Date if (a) each Loss Amount for the Undetermined Reference Entity or Entities had been determined on its Event Determination Date (based on the actual Final Price for the Reference Entity), (b) a Long Cash Settlement Amount Reduction or Short Cash Settlement Amount Increase, as applicable, had been made on the Event Determination Date to reflect such Loss Amount, and (c) the Interest Amount were calculated as set forth under "Description of the Notes—Interest Amount" above (that is, as if "Description of the Notes—Deferral of Interest Amounts" above did not apply), and "B" is equal to the Minimum Interest Amount for the Interest Period provided that, for purposes of determining the Early Redemption Amount and payments due on the Additional Interest Payment when Noteholder Priority applies, the Loss Amount of each Undetermined Reference Entity that is a Long Reference Entity shall be deemed to be 100 percent and

Examples of Interest Adjustment Payment in a sentence

• If such Purchase Price Adjustment is due to the Buyer, the Parties hereby agree promptly to deliver notices under the Escrow Agreement directing the Escrow Agent to disburse such Purchase Price Adjustment and the related Interest Adjustment Payment to the Buyer, to the extent that the Escrow Funds at such time are sufficient for payment of such Purchase Price Adjustment and Interest Adjustment Payment.

• If the Escrow Funds are insufficient to pay in full the aggregate amount of such Purchase Price Adjustment and related Interest Adjustment Payment, the Seller shall pay the amount of such insufficiency to the Buyer in accordance with Section 2(h).

• Any Purchase Price Adjustment and any Interest Adjustment Payment relating thereto shall be paid in cash, by wire transfer to an account or accounts that shall be designated by the payee not less than one (1) Business Day prior to the payment thereof.

• If such Purchase Price Adjustment is due to the Seller, the Buyer shall pay the amount of such Purchase Price Adjustment and the related Interest Adjustment Payment to the Seller in accordance with Section 2(h).

More Definitions of Interest Adjustment Payment

Interest Adjustment Payment means, with respect to the period from (and including) the first day of the Interest Accrual Period during which the relevant Event Determination Date occurs to (but excluding) the last day of the Interest Accrual Period during which the related Cash Settlement Date occurs, an amount equal to (a) the amount of interest that would have been payable in respect of such period if such amount had been determined in accordance with the provisions under "Calculation of Interest" above in the absence of the provisions contained in the first two paragraphs of this section "Interest Payment Deferral" and if the reduction in Principal Balance resulting from the Unsettled Reference Entities had occurred on the relevant Event Determination Date (based on the actual Weighted Average Final Price(s) relating thereto) minus (b) the Minimum Interest Payment in respect thereof.

Interest Adjustment Payment means, with respect to an Interest Period, an amount equal to (a) the Interest Amount that would have been payable in respect thereof on the Scheduled Interest Payment Date following the relevant Event Determination Date (i) if each Loss Determination Amount related to each Undetermined Reference Entity had been determined on the relevant Event Determination Date (based on the actual Final Price(s) relating thereto) or (ii) in the case of any Suspect Reference Entity where an Event Determination Date has not occurred during the relevant Notice Delivery Period, as if there had been no Potential Credit Event in respect of such Reference Entity as of the Scheduled Maturity Date in the opinion of the Swap Counterparty minus (b) the Minimum Interest Amount in respect thereof.

Interest Adjustment Payment means for any period of calculation, the difference between (x) the amount of interest actually accrued on the unpaid principal balance of the Loan for such period, and (y) the Estimated Interest Payment paid to the Lender for such period.