Interest Compensation definition

Interest Compensation means, with respect to any Term Loan on any date of prepayment, an amount equal to the sum of (a) 3.0% of the principal amount of such Term Loan prepaid, plus (b) the present value at the date of such prepayment of all required interest payments due on such Loan through the 180th day after the Amendment No. 1 Effective Date (excluding accrued but unpaid interest to the date of such prepayment and applying the interest rate then applicable to Eurodollar Rate Loans, giving effect to any increases in the Applicable Rate which have occurred through the date of such prepayment) discounted to the date of prepayment on a quarterly basis (assuming a 360-day year and actual days elapsed) at a per annum rate equal to such then applicable interest rate for Eurodollar Rate Loans.

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Interest Compensation means, with respect to any prepayment of a Term Loan, an amount equal to the remainder of (a) the present value at the date of such prepayment of (i) 102% of the principal amount of such prepayment plus (ii) the aggregate amount of interest that would accrue on an amount equal to the principal amount so prepaid during the period from the date of prepayment to the first anniversary of the Effective Time at a rate per annum equal to 10.75%, discounted to the date of prepayment at a rate per annum equal to 4.75% (and in all cases assuming a year of 360 days and actual days elapsed) minus (b) the principal amount of such prepayment.

Interest Compensation. In the event of a check disbursement or wire payment error in which a shareholder has lost interest due to a misrouting of the proceeds, except where the Transfer Agent is the responsible party, the Transfer Agent will pay interest compensation to the shareholder only upon receipt of reimbursement of such interest earnings from the bank that benefited in error from the misrouted payment. In cases where the Transfer Agent is at fault, payment of interest compensation to the shareholder will not be delayed. GAIN/LOSS REPORTING AND TRACKING The Transfer Agent tracks the responsibility for all gains and losses generated by "as-of" transactions. The Transfer Agent may also prepare detailed explanations of "as-of" activity, primarily for internal process improvement purposes. Additionally, a daily/weekly/monthly gain/loss report can be made available to designated individuals at the Funds. DATED: APRIL ___, 2003 SCHEDULE D PERFORMANCE STANDARDS

Examples of Interest Compensation in a sentence

The Interest Compensation Ledger will not form part of the General Cash Collateral Amount.
The funds in the Cash Collateral Account (other than the balance standing to the credit of the Interest Compensation Ledger and the Retained Profit Ledger) are referred to as the "General Cash Collateral Amount".
The Servicer shall list the amounts to be distributed for each Payment Date in the Order of Priority and will notify the parties listed above of the Interest Compensation Order of Priority Amount and the Interest Compensation Release Amount.
All funds in the Cash Collateral Account (other than the balance standing to the credit of the Interest Compensation Ledger and the Retained Profit Ledger) are referred to as the "General Cash Collateral Amount".
In addition to the compensation otherwise provided herein, the Compensation Committee will also work with its Compensation Consultant and the Executive Management Team to develop a Carried Interest Compensation Plan (a “Carried Interest Plan”) consistent with the traditional private equity pay model.
Borrower shall be required to choose a final payment or Note extension election ("Additional Interest Compensation") at the expiration of the first Note's term.
The Servicer shall list the amounts to be distributed for each Payment Date in the Order of Priority and will notify the parties listed above of the Interest Compensation Available Amount, the Interest Compensation Ledger Allocable Amount, the Interest Compensation Shortfall Amount, the Interest Compensation Shortfall Redemption Amount, the Interest Compensation Surplus Amount and the Interest Compensation Required Amount.
The Interest Compensation Ledger will not form part of the Cash Collateral Amount.
All funds in the Cash Collateral Account, other than the balance standing to the credit of the Interest Compensation Ledger, are referred to as the "General Cash Collateral Amount".
The calculation method of the Interest Compensation rate, determination of the amount of Non-Invested Money and further conditions will be published in the Product Information Sheets.

More Definitions of Interest Compensation

Interest Compensation means, in respect of a Debenture to be issued under a Debenture Series otherwise than on the last Business Day of the previous Interest Period, an amount equal to the Allocated Income for each calendar month since the commencement of the current Interest Period, divided by the number of Debentures outstanding under such Debenture Series during such calendar month.

Interest Compensation has the meaning given to it in Clause 3.1 (D);