Interest Service definition

Interest Service means, with respect to any period, without double counting, an amount equal to (a) the aggregate amount of all Interest Expenses, rentals, any other recurrent payments of a similar nature (including gross-ups and increased cost payments) and any other recurring fees, costs and expenses paid during such period, in each case under or in relation to any Indebtedness of any Member, but which shall not include any such payments in respect of transactions between or among the Company and/or any Member Guarantor, plus or minus (b) the net amount of any difference between payments by or to the Company under any swap or hedge transactions relating to interest rates during such period.
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Interest Service means, in respect of any Relevant Period, Finance Charges for that Relevant Period less the amount of any interest received by members of the Group from third parties during that Relevant Period.
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Interest Service means total interest expense for the applicable period determined in conformity with GAAP with respect to all outstanding Debt of the company and its Subsidiaries on a consolidated basis, whether the interest expense was expensed, capitalized, paid, accrued, or scheduled to be paid or accrued, and including without limitation and without duplication for any period or any amount included in any prior period, (a) all interest payable pursuant to this Agreement with respect to the Floor Plan Credit and Revolving Credit, (b) all Capital Lease Obligations, (c) net costs for that period under all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements, and interest rate insurance, (d) all commitment fees, fees payable to the Agent pursuant to the Fee Letter, and the continuation fee specified in Section 3.3, accrued, accreted, or paid during the period, and (e) any fees and other obligations (other than reimbursement obligations) with respect to any letters of credit and bankers’ acceptances (whether or not matured) accrued, accreted, or paid for the period.
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Examples of Interest Service in a sentence

  • Email Indicating Interest: Service Providers who intend to respond to this solicitation are requested to notify the AOC by sending an email to OCCM_Solicitations@jud.ca.gov with the RFQ/P number and name in the subject line.

  • For the purpose of reporting on Interest Service Coverage Ratio (ISCR) to lenders, subordinated loans are considered as equity and hence interest on the same is not included in total finance cost.

  • Important ratios like Debt Equity Ratio, Debt Service Coverage Ratio, Interest Service Coverage Ratio etc.

  • Answers to questions will be posted to the courtinfo website on the page/link of this RFQ/P.Email Indicating Interest: Service Providers who intend to respond to this solicitation are requested to notify the AOC by sending an email to OCCM_Solicitations@jud.ca.gov with the RFQ/P number and name in the subject line.

  • Conformed Group PMICR is, in respect of a Calculation Period, the ratio of Cash Flow for that Calculation Period less Depreciation, IRE not already deducted in the calculation of Cash Flow or Depreciation and Fast/Slow Adjustment to the Total Interest Service for the same Calculation Period.

  • Interest Service Coverage Ratio: (Earning before Finance cost and Tax + Depreciation) / (Finance cost).

  • Current Service Arrangements2.1Supply ArrangementsThe [current]/[previous] arrangement for the provision of the [insert service title] was by means of [Expression of Interest, Registration of Interest, Service Agreement, Request for Quote/Tender/Proposal, Preferred Service Provider].

  • The facilities are subject to the following financial covenants for which the first measurement period is 31 December 2020: • Senior Debt Service Cover Ratio shall not fall below 1.2 times.• Interest Service Cover Ratio shall not fall below 2.5 times.• Senior Net Debt/EBITDA shall not exceed 2.5 times.

  • Conflicts of Interest: Service Provider warrants that there exists no actual, potential or appearance of conflict between Service Provider’s family, businesses, or financial interest and Service Provider’s performance of the Services.

  • Since starting the training 1 participant has been promoted to Assistant Principal – ' I have already used what I have learnt to get a promotion to Assistant Headteacher'.


More Definitions of Interest Service

Interest Service means, with respect to any period, without double counting, an amount equal to (a) the aggregate amount of all Interest Expenses, rentals, any other recurrent payments of a similar nature (including gross-ups and increased cost payments) and any other recurring fees, costs and expenses paid during such period, in each case under or in relation to any Indebtedness of any Member, including cash interest paid (but not capitalized interest) on any Subordinated Debt, but which shall not include any such payments in respect of transactions between or among Members, plus or minus (b) the net amount of any difference between payments by or to any MembersTransaction Party under any Swap Agreement relating to interest rates during such period., minus (c) the aggregate amount of interest or amounts in the nature of interest or of similar effect to interest received by a Member (excluding any such amount received from another Member) and minus (d) any early termination costs in relation to a Swap Agreement.
Sample 1
Interest Service means, for any period for which it is being calculated, the aggregate amount of accrued interest, commission, fees, discounts, prepayment fees, premiums or charges and other finance payments in the nature of interest in respect of Borrowings (including net hedging payments (excluding break costs)) whether paid or payable by any member of the NWEN Financing Group (calculated on a consolidated basis) in respect of that period:
Sample 1

Related to Interest Service

  • Interest Settlement Rate As defined in Section 4.08.

  • Rate Center means the specific geographic point that has been designated by a given LEC as being associated with a particular NPA-NXX code that has been assigned to the LEC for its provision of Telephone Exchange Service. The Rate Center is the finite geographic point identified by a specific V&H coordinate, which is used by that LEC to measure, for billing purposes, distance sensitive transmission services associated with the specific Rate Center.

  • Telerate British Bankers Assoc. Interest Settlement Rates Page means the display designated as Page 3750 on the Telerate System Incorporated Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market).

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Rate Center Area means the following in each applicable area:

  • Special Servicing Fee Rate With respect to each Specially Serviced Mortgage Loan and each REO Loan, 0.25% per annum.

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • STIBOR means the Stockholm inter-bank offered rate.

  • Child day center means a child day program offered to (i) two or more children under the age of 13 in a facility that is not the residence of the provider or of any of the children in care or (ii) 13 or more children at any location.

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • Cost of Funds means, with respect to a Loan in an Alternative Currency, the actual cost to a Lender of funding or maintaining such Loan in the applicable currency from whatever source it may reasonably select for the relevant Interest Period.

  • LIBOR Floor means 0.00%.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Interest Rates means the interest rates provided for in Sections 2.11 and 2.12 of the Credit Agreement.

  • Agency Services Address means NationsBank, N.A., NC1-001-15-04, 000 Xxxxx Xxxxx Xxxxxx, Charlotte, North Carolina 28255, Attn: Agency Services, or such other address as may be identified by written notice from the Administrative Agent to the Borrower.

  • the London Emergencies Trust means the company of that name (number 09928465) incorporated on 23rd December 2015 and the registered charity of that name (number 1172307) established on 28th March 2017;

  • Master Servicing Fee Rate With respect to each Mortgage Loan, 0.25% per annum.

  • CIBOR means the Copenhagen interbank offered rate;

  • Net Servicing Fee Rate means (a) so long as the Seller or The Bank of New York is the Servicer, 1.25% per annum and (b) if the Seller or The Bank of New York is no longer the Servicer, 2.0% per annum.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Primary Servicing Fee Rate means, with respect to each Mortgage Loan, the rate that corresponds to such Mortgage Loan set forth on Exhibit A hereto under the heading “Primary Servicing Fee.”

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its “prime rate.” If a Citibank, N.A. prime rate is not available, the applicable prime rate will be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid.