Interest Payable Amount definition

Interest Payable Amount shall have the meaning set forth in Section 3.11.
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Interest Payable Amount means, in respect of any interest payment date, the product of the Adjusted Distributable Amounts on such interest payment date and a ratio, the numerator of which is the amount of interest (including Additional Amounts with respect thereto, if any) that should have been paid on the relevant series of Securities on such interest payment date, and the denominator of which is the aggregate amount of interest (including Additional Amounts with respect thereto, if any) that should have been paid on the relevant series of Securities on such interest payment date and dividends or interest (including any amounts with respect thereto substantially similar to Additional Amounts, if any) that should have been paid in respect of any Senior Dividend Preferred Shares and any Parity Securities on the same date as such interest payment date (rounding any amount less than a whole cent down to the nearest whole cent).
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Interest Payable Amount means the amount apportioned to each Bond calculated by dividing the adjusted distributable amount, which will be the distributable amount under the Companies Act as of the interest payment date less the total amount of dividends and interest of the Bonds, the Parity Securities and the Junior Securities paid during the period from the beginning of the fiscal year in which such interest payment date falls to the day immediately preceding such interest payment date, on a pro rata basis among the total amount of the interest payable on the Bonds and the total amount of dividends and interest payable on the same interest payment date on its preferred stock which ranks the most senior as to dividend payments as well as the Parity Securities.
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Examples of Interest Payable Amount in a sentence

  • The Company may cancel any payment of all or part of interest pursuant to the foregoing, even if no cancellation of interest is required or the amount so cancelled exceeds the amount the Company is required to cancel due to the Interest Payable Amount Limitation, as described below under Section 3.11.

  • Interest Payment Date Date of Payment Total Amount of Interest Payable Amount of Interest Paid First Second [continue numbering until the appropriate number of Interest Payment Dates for the particular issue of Notes is reached] Date made Remaining amount payable under this Registered Global Note following such redemption4 4 See most recent entry in Part II or Part III or Schedule Two in order to determine this amount.

  • SCHEDULE ONE* INTEREST PAYMENTS Interest Payment Date Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Issuer Second [continue numbering until the appropriate number of interest payment dates for the particular Series of Notes is reached.] * Schedule One should be completed where the Final Terms indicate that this Temporary Global Note is not intended to be a New Global Note.

  • The Company may cancel any payment of all or part of interest pursuant to the foregoing, even if no cancellation of interest is required or the amount so cancelled exceeds the amount the Company is required to cancel due to the Interest Payable Amount Limitation (as defined below), as provided in Section 3.11 of the Indenture.

  • Schedule 235 Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Bank (Continue numbering until the appropriate number of Interest Payment Dates for this Note is reached) 35Applicable only for a Series of Notes issued in CGN form.

  • SCHEDULE ONE* INTEREST PAYMENTS Interest Payment Date Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Issuer Second [continue numbering until the appropriate number of interest payment dates for the particular Series of Notes is reached] * Schedule One should only be completed where the Final Terms indicate that this Permanent Global Note is not intended to be a New Global Note.

  • Notwithstanding the provisions of this paragraph, after the Borrower has paid an amount of interest in cash equal to the Cash Interest Payable Amount, the Borrower shall be permitted, at its option, to pay the remaining interest then due in respect of any Interest Period in kind (at the rate provided for in the first paragraph of this Section 2.1(e)(iii) for such interest).

  • The Company may cancel any payment of all or part of interest pursuant to the foregoing, even if no cancellation of interest is required or the amount so cancelled exceeds the amount the Company is required to cancel due to the Interest Payable Amount Limitation pursuant to the mandatory interest payment cancellation provisions set forth in Section 3.12.

  • Interest Payment Date Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Issuer Second 8 Annex A is only to be completed if the Final Terms indicate that this Temporary Global Note is not intended to be an NGN.

  • The Company may cancel any payment of all or part of interest pursuant to the foregoing, even if no cancellation of interest is required or the amount so cancelled exceeds the amount the Company is required to cancel due to the Interest Payable Amount Limitation, as provided in Section 3.11 of the Indenture.


More Definitions of Interest Payable Amount

Interest Payable Amount means, in respect of any Interest Payment Date, the product of the Adjusted Distributable Amounts (as defined below) on such Interest Payment Date and a ratio, the numerator of which is the aggregate amount of interest (including Additional Amounts with respect thereto, if any) that should have been paid on the Securities on such Interest Payment Date, and the denominator of which is the aggregate amount of interest (including Additional Amounts with respect thereto, if any) that should have been paid on the Securities on such Interest Payment Date and dividends or interest (including any amounts with respect thereto substantially similar to Additional Amounts, if any) that should have been paid in respect of any Senior Dividend Preferred Shares (as defined below) and any Parity Securities (as defined below) on the same date as such Interest Payment Date (rounding any amount less than a whole cent down to the nearest whole cent).
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Interest Payable Amount means, as more fully defined in the accompany prospectus, in respect of any interest payment date, the product of the Adjusted Distributable Amounts on such interest payment date and a ratio, the numerator of which is the amount of interest that should have been paid on the Securities on such interest payment date, and the denominator of which is the aggregate amount of interest that should have been paid on the Securities on such interest payment date and dividends or interest that should have been paid in respect of any Senior Dividend Preferred Shares (as defined in the accompanying prospectus) and any Parity Securities (as defined in the accompanying prospectus) on the same date as such interest payment date.
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Interest Payable Amount means, in respect of any interest payment date with respect to a series of Securities, the product of the Adjusted Distributable Amount on such interest payment date and a ratio, the numerator of which is the aggregate amount of interest (including the Additional Amounts with respect thereto, if any) that should have been paid on such series of Securities on such interest payment date, and the denominator of which is the aggregate amount of interest (including the Additional Amounts with respect thereto, if any) that should have been paid on such of Securities on such interest payment date and dividends or interest (including any amounts with respect thereto substantially similar to the Additional Amounts, if any) that should have been paid in respect of any Parity Securities on the same date as such interest payment date (rounding any amount less than a whole cent down to the nearest whole cent).
Sample 1
Interest Payable Amount means, in respect of any interest payment date, the product of the Adjusted Distributable Amounts on such interest payment date and a ratio, the numerator of which is the aggregate amount of interest (including the Additional Amounts with respect thereto, if any) that should have been paid on the relevant series of Securities on such interest payment date, and the denominator of which is the aggregate amount of interest (including the Additional Amounts with respect thereto, if any) that should have been paid on the relevant series of Securities on such interest payment date and dividends or interest (including any amounts with respect thereto substantially similar to the Additional Amounts, if any) that should have been paid in respect of any Senior Dividend Preferred Shares and any Parity Securities on the same date as such interest payment date (rounding any amount less than a whole cent down to the nearest whole cent).
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Interest Payable Amount means, with respect to any Payment Date, the sum of the Class [A-4] Noteholders' Monthly Accrued Interest for such Payment Date and the Class [A-4] Noteholders' Interest Carryover Shortfall for such Payment Date.
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Related to Interest Payable Amount

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Fixed Rate Interest Payment Date has the meaning set forth in clause (d) of Section 2.01 of this Supplemental Indenture.

  • Floating Rate Interest Payment Date has the meaning provided in Section 2.7(b).

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

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

  • Aggregate Class C Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class C Notes as of such Distribution Date and (ii) the Class C Interest Carryover Shortfall as of the close of the preceding Distribution Date.