Interest Receivable definition

Interest Receivable means, in respect of the relevant Measurement Period ending on any Measurement Date, all interest received by or accrued to the Issuer during such period, including any amounts received by the Issuer in terms of any Treasury Transaction (as such relates to the hedging by the Issuer of its interest rate risk) (other than interest which is not received or receivable in funds that are freely remittable to South Africa), all as reflected in, and/or ascertained from, the Financial Statements for that Measurement Period;

Interest Receivable means, in respect of any relevant Test Period, the amount of interest accrued due to any member of the Group during such Test Period.

Interest Receivable means, in respect of any period, the amount of Interest accrued on cash balances of the Borrower’s Group (including the amount of interest accrued on the Earnings Accounts, to the extent that the account holder is entitled to receive such interest) during such period;

Examples of Interest Receivable in a sentence

• No Receivable has a final scheduled payment date later than six months preceding the Final Scheduled Maturity Date; each Receivable provides for payments that fully amortize the Amount Financed over the original term of the Receivable, and is either non-interest bearing or is a Simple Interest Receivable.

• Review the Contract and confirm that the Receivable is a Simple Interest Receivable.

• In addition, in the event that a Simple Interest Receivable becomes a Liquidated Receivable, the amount of accrued and unpaid interest thereon (but not including interest for the current Collection Period) shall, up to the amount of Outstanding Advances in respect of Simple Interest Receivables in respect thereof, be withdrawn from the Collection Account and paid to the Servicer in reimbursement of such Outstanding Advances.

• If the calculation in clause (ii) above in respect of a Simple Interest Receivable results in a negative number, an amount equal to such negative amount shall be paid to the Servicer in reimbursement of any Outstanding Advances in respect of Simple Interest Receivables.

• With respect to each Simple Interest Receivable, the Simple Interest Advance shall increase Outstanding Simple Interest Advances.

More Definitions of Interest Receivable

Interest Receivable means, in respect of any Test Period, interest and amounts in the nature of interest received during that period by Parent and its consolidated Subsidiaries, calculated on a pro forma basis (as set forth in the proviso of the definition of Interest Payable) to the extent a Subject Transaction occurred during such Test Period.

Interest Receivable means, in respect of any Test Period, interest and amounts in the nature of interest received during that period by the Parent and its consolidated Subsidiaries, calculated on a pro forma basis (as set forth in the proviso of the definition of Interest Payable) to the extent a Subject Transaction occurred during such Test Period.

Interest Receivable means, in respect of any period, the amount of interest (which for this purpose shall include all interest and amounts in the nature of interest, including (without limitation) amounts of the type described in paragraphs (a) to (e) (inclusive) of the definition of “Interest” above) accrued due (whether or not received) to members of the Group (other than by other members of the Group) during such period.

Interest Receivable means, in respect of any Relevant Period, all interest receivable and similar income as shown in (or in the notes to) the financial statements of the Group (calculated on a consolidated basis) for that Relevant Period but excluding interest receivable by a company of the type referred to in paragraph (a) of the definition of Project Finance Borrowings.

Interest Receivable means, in respect of any financial period, interest and amounts in the nature of interest received during that period by the Group from persons outside the Group. Investments means:

Interest Receivable means, in respect of any period, the amount of interest accrued on cash balances of the Group (including the amount of interest accrued on any accounts, to the extent that the account holder is entitled to receive such interest) during such period as shown in the most recent Annual Financial Statement or Interim Account relevant to such period.

Interest Receivable has the meaning given to it in Clause 22.11 (Financial Definitions);