Interest and Principal Payments definition

Interest and Principal Payments. The Calculation Agent shall notify the other party hereto and the Administrator of the amount of interest and/or any Interim Exchange Payments to be made under the Agreement on each Floating Rate Payer Payment Date and/or each Interim Exchange Date (or Final Exchange Rate, as the case may be) promptly following receipt by the Calculation Agent from the Administrator of the information required to determine such amounts. Deferral of Floating Amounts: If any payment of interest under the Class A-6 Notes is deferred in accordance with the terms and conditions of the Notes then a corresponding part of the BNP Floating Amount and a pro rata part of the Trust Floating Amount which, in each case, would otherwise be due in respect of the relevant Floating Rate Payer Payment Date shall be deferred. The amount so deferred on the BNP Floating Amount shall be payable on the next BNP Floating Rate Payer Payment Date (together with an additional floating amount accrued thereon determined using the same rate used to calculate the BNP Floating Amount payable on that next BNP Floating Rate Payer Payment Date) and the BNP Floating Amount due on such date shall be deemed to include such amounts. The amount so deferred on the Trust Floating Amount shall be payable on the next Trust Floating Rate Payment Date (together with an additional floating amount accrued thereon determined using the same rate used to calculate the Trust Floating Amount payable on that next Trust Floating Rate Payer Payment Date) and the Trust Floating Amount due on such date shall be deemed to include such amounts. On any subsequent occasion if any payment of interest under the Class A-6 Notes is deferred (including any payment of a previous shortfall of interest or any payment of interest on such shortfall) in accordance with the terms and conditions of the Class A-6 Notes then all or a corresponding part of the BNP Floating Amount and a pro rata part of the Trust Floating Amount shall be deferred.
Sample 1
Interest and Principal Payments. The Trust shall cause the Administrator to notify CSFBi of the amount of interest and/or principal payments to be made (subject to conversion via this Transaction) on the Class A-5 Notes on each USD Floating Rate Payer Payment Date and/or each Interim Exchange Date for the Class A-5 Notes in respect of such date not later than one (1) Business Days prior to such date.
Sample 1
Interest and Principal Payments. The Calculation Agent shall notify the other party hereto and the Administrator of the amount of interest and/or any Interim Exchange Payments to be made under the Agreement on each Floating Rate Payer Payment Date and/or each Interim Exchange Date (or Final Exchange Date, as the case may be) promptly following receipt by the Calculation Agent from the Administrator of the information required to determine such amounts.
Sample 1

Examples of Interest and Principal Payments in a sentence

  • Interest and Principal Payments; Voluntary Commitment Reductions.............

  • Payment of Interest and Principal Payments in respect of principal, premium (if any) and interest in respect of any Global Note will be made only against presentation of such Global Note to or to the order of the Principal Paying Agent (or the Class Z VFN Registrar in respect of the Class Z VFN) or such other Paying Agent as shall have been notified to the Noteholders in accordance with Condition 15 (Notice to Noteholders) for such purpose.

  • Section 3.1 Payments 15 Section 3.2 Interest and Principal Payments; Prepayments 15 Section 3.3 Interest Options 16 Section 3.4 Quotation of Rates 16 Section 3.5 Default Rate 16 Section 3.6 Interest Recapture 16 Section 3.7 Interest Calculations 17 Section 3.8 Maximum Rate 17 Section 3.9 Interest Periods 17 Section 3.10 Conversions 18 Section 3.11 Order of Application 18 Section 3.12 Sharing of Payments, Etc.

  • Cash Flow MarginAdjusted Existing Cash Flow- Last Year's Interest and Principal Payments - Proposed (Ulster County Funded) Project Debt Service (Principal and Interest) = Cash Flow Margin/(Cash Flow Shortfall)The Existing Cash Flow Coverage Ratio is defined as the adjusted existing cash flow divided by the proposed debt service (principal and interest on both existing and (Ulster County funded) project debt).

  • TERMS OF PAYMENT 26 3.1 Notes and Payments 26 3.2 Interest and Principal Payments 27 3.3 Interest Options 28 3.4 Quotation of Rates 28 3.5 Default Rate 29 3.6 Interest Recapture 29 3.7 Interest Calculations 29 3.8 Maximum Rate 29 3.9 Interest Periods 30 3.10 Conversions 30 3.11 Order of Application 30 3.12 Sharing of Payments, Etc.

  • Shortfalls in Interest and Principal Payments as of Current Payment Date i.

  • Interest and Principal Payments; Voluntary Commitment Reductions..............

  • Interest and Principal Payments; Voluntary Commitment Reductions.

  • Section 3.1 Notes and Payments 20 Section 3.2 Interest and Principal Payments 21 Section 3.3 Interest Options 22 Section 3.4 Quotation of Rates 22 Section 3.5 Default Rate 22 Section 3.6 Interest Recapture 23 Section 3.7 Interest Calculations 23 Section 3.8 Maximum Rate 23 Section 3.9 Interest Periods 24 Section 3.10 Conversions 24 Section 3.11 Order of Application 24 Section 3.12 Sharing of Payments, Etc.

  • Xxxxxxxx authorizes Xxxxxx to withdraw Interest and Principal Payments from the Account.

Related to Interest and Principal Payments

  • Principal Payments means all payments of principal made pursuant to the terms of the Note.

  • Scheduled Principal Payments means, with respect to any Series or any Class of any Series of Notes, any payments scheduled to be made pursuant to the applicable Series Supplement that reduce the amount of principal Outstanding with respect to such Series or Class on a periodic basis that are identified as “Scheduled Principal Payments” in the applicable Series Supplement.

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

  • Scheduled Principal Payment Date means, with respect to any Series, Class or Tranche of Notes, the scheduled due date of any payment of principal on such Notes, as specified in the related Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in which case such Scheduled Principal Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month.

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Principal Payment Dates means, unless otherwise determined by the Fiscal Officer and specified in the Certificate of Award, December 1 in each of the years from and including 2021 to and including 2022.

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Expected Principal Payment Date means March 15, 2022.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Note Interest Distributable Amount means, with respect to any Payment Date and a Class of Notes, the sum of the Note Monthly Interest Distributable Amount for such Payment Date and the Note Interest Carryover Shortfall for such Class of Notes. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-2, Class A-3 and Class A-4 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months; and interest with respect to the Class A-1 Notes shall be computed on the basis of the actual number of days in each applicable Interest Accrual Period, divided by 360.

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Note Principal Distributable Amount means, with respect to any Payment Date, the sum of (i) the Note Monthly Principal Distributable Amount, (ii) any outstanding Note Principal Carryover Shortfall as of the close of the immediately preceding Payment Date and, (iii) on the Final Payment Date for a Class of Notes or the Payment Date as of which all of the Receivables are to be purchased pursuant to Section 8.01, the amount necessary (after giving effect to all amounts allocable to principal required to be deposited in the Note Distribution Account on such Payment Date) to reduce the Outstanding Amount of each related Class of Notes to zero; provided, however, that the Note Principal Distributable Amount with respect to a Class of Notes shall not exceed the Outstanding Amount of such Class of Notes.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.

  • Class B-3 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-3 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-3 Certificates on prior Distribution Dates pursuant to Paragraph twelfth of Section 4.01(a).

  • Class Unpaid Interest Amounts As to any Distribution Date and Class of interest bearing Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Class Optimal Interest Distribution Amount.

  • Class B-2 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-2 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-2 Certificates on prior Distribution Dates pursuant to Paragraph ninth of Section 4.01(a).

  • Class A Interest Accrual Amount As to any Distribution Date, the sum of the Interest Accrual Amounts for the Class A Certificates with respect to such Distribution Date.

  • Note Monthly Interest means, for a Class and a Payment Date, the aggregate amount of interest accrued on the Note Balance of the Class at the Note Interest Rate for the Class for the related Interest Period.

  • Class B-1 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-1 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-1 Certificates on prior Distribution Dates pursuant to Paragraph sixth of Section 4.01(a).

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

  • Unpaid Interest Amounts As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Certificate Principal Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Principal Distributable Amount for each Payment Date and any outstanding Certificate Principal Carryover Shortfall as of the close of the immediately preceding Payment Date; provided, however, that the Certificate Principal Distributable Amount shall not exceed the Certificate Balance. In addition, on the Payment Date as of which all of the Receivables are to be purchased pursuant to Section 8.01, the principal required to be deposited into the Certificate Distribution Account will include the amount necessary to reduce the Certificate Balance to zero.

  • Accrued Class A Note Interest means, with respect to any Payment Date, the sum of the Class A Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A Noteholders’ Interest Carryover Shortfall for such Payment Date.