Interest Cap definition

Interest Cap. With respect to the Lender and the Capital, with respect to any Accrual Period, the amount of Interest payable for such Accrual Period determined based on an Interest Rate for each day during such Accrual Period equal to the Benchmark (or if a Benchmark Unavailability Period has occurred and is continuing, the Base Rate) plus 0.10%.
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Interest Cap means an amount specified as such in the applicable Final Terms; “Interest Floor” means an amount specified as such in the applicable Final Terms;
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Interest Cap means a cap set under regulation 22 for the purpose of determining the maximum rate of interest payable under regulation 21;
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Examples of Interest Cap in a sentence

  • Deborah Baker, Madrid to Seek Interest Cap on Small Loans, ASSOCIATED PRESS NEWSWIRES, Oct.

  • Interest Cap Amount: With respect to an Interest Shortfall Period End Date, an amount equal to the product of (i) the Outstanding Tranche Notional Amount as of such Interest Shortfall Period End Date, (ii) the Fixed Rate and (iii) a fraction the numerator of which is the actual number of days in the Interest Shortfall Calculation Period ending on such Interest Shortfall Period End Date and the denominator of which is 360.

  • The Central Bank of Kenya has been working on a risk-based lending model to price loans since the Interest Cap law was repealed in 2019.

  • The Indexed Interest Cap for the initial indexed term is shown in the table above.

  • For the 1-Year Point-to-Point Indexed Account, the Indexed Credit Percentage equals the lesser of (a) the Indexed Growth Percentage for the indexed term, or (b) the Indexed Interest Cap, if any, for the indexed term.

  • The Indexed Interest Cap is the maximum Indexed Credit Percentage that can be credited to the IndexedAccount Value for an indexed term for which it is declared.

  • The Company will declare an Indexed Interest Cap for each subsequent indexed term at its discretion.

  • The Notes may specify a minimum amount of interest to be payable (Global Interest Floor Notes) or a maximum amount of interest (Global Interest Cap Notes) or may give the holders a right to restructure the interest payable (Restructure Interest Rate Notes).

  • One applicable idea in literature is to transform the images into the spherical domain where all images have identical domains.

  • Having considered (i) the historical transaction amounts and patterns with FS Finance; and (ii) FS Finance’s confirmation of the projected maximum interest rates, the Directors are of the view and we concur that the Annual Interest Cap is reasonable.


More Definitions of Interest Cap

Interest Cap. With respect to any Distribution Date, an amount equal to the product of (i) the weighted average Outstanding Amount of the Notes during the period with respect to which interest is being paid, (ii) a fraction, the numerator of which is the number of days with respect to which interest is being paid and the denominator of which is 360 and (iii) the Interest Cap Rate.
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Interest Cap shall have the meaning specified in the Fee Letter.
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Related to Interest Cap

  • Interest Carry Forward Amount With respect to any Distribution Date and the Class A Certificates or the Mezzanine Certificates, the sum of (i) the amount, if any, by which (a) the Interest Distribution Amount for such Class of Certificates as of the immediately preceding Distribution Date exceeded (b) the actual amount distributed on such Class of Certificates in respect of interest on such immediately preceding Distribution Date, (ii) the amount of any Interest Carry Forward Amount for such Class of Certificates remaining unpaid from the previous Distribution Date and (iii) accrued interest on the sum of (i) and (ii) above calculated at the related Pass-Through Rate for the most recently ended Interest Accrual Period.

  • Class B Interest Carryover Shortfall With respect to any Distribution Date, as of the close of business on such Distribution Date, the excess of (i) the Aggregate Class B Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Note Distribution Account on such Distribution Date in respect of interest for the Class B Notes.

  • Class C Interest Carryover Shortfall With respect to any Distribution Date, as of the close of business on such Distribution Date, the excess of (i) the Aggregate Class C Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Note Distribution Account on such Distribution Date in respect of interest for the Class C Notes.

  • Class A Interest Carryover Shortfall With respect to any Distribution Date, as of the close of business on such Distribution Date, the excess of (i) the Aggregate Class A Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Note Distribution Account on such Distribution Date in respect of interest for the Class A Notes.

  • Class D Interest Carryover Shortfall With respect to any Distribution Date, as of the close of business on such Distribution Date, the excess of (i) the Aggregate Class D Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Note Distribution Account on such Distribution Date in respect of interest for the Class D Notes.

  • Noteholders’ Interest Carryover Shortfall means, with respect to any Distribution Date and a Class of Notes, the excess, if any, of the sum of the Noteholders’ Monthly Interest Distributable Amount for such Class for the preceding Distribution Date plus any outstanding Noteholders’ Interest Carryover Shortfall for such Class on such preceding Distribution Date, over the amount in respect of interest that is actually paid on the Notes of such Class on such preceding Distribution Date, plus, to the extent permitted by applicable law, interest on the Noteholders’ Interest Carryover Shortfall at the related Interest Rate for the related Interest Period (calculated on the same basis as interest on that Class of Notes for the same period).

  • Class B Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess of the Class B Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class B Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Noteholders of Class B Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class B Notes on the preceding Payment Date, to the extent permitted by law, at the Class B Interest Rate for the related Interest Period.

  • Interest Calculation Date if applicable, shall have the meaning set forth in the Series Term Sheet.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class C Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class C Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class C Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that was actually paid to Noteholders of Class C Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class C Notes on the preceding Payment Date, to the extent permitted by law, at the Class C Interest Rate for the related Interest Period.

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class A Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess of the Class A Noteholders’ Interest Distributable Amount for the preceding Payment Date, over the amount in respect of interest that was actually paid on the Class A Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to holders of the Class A Notes on the preceding Payment Date, to the extent permitted by law, at the respective interest rates borne by each Class of the Class A Notes for the related Interest Accrual Period.

  • Class D Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class D Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class D Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that was actually paid to Noteholders of Class D Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class D Notes on the preceding Payment Date, to the extent permitted by law, at the Class D Interest Rate for the related Interest Period.

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).