Interim Interest definition

Interim Interest means interest for the period from funding to the start of amortization paid by a borrower at or before consummation of a closed-end loan where such amortization begins sixty-two days or less after funding;
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Interim Interest means the Interim Interest payable by the Employer to the financial institution granting the requisite finance/bond to the Employer, calculated from the Transfer Date, as per the Agreement of Sale, until the Completion Date, a portion of such amount of Interim Interest being included in the Total Contract Price as per Clause 3.3 of the Covering Schedule, if applicable in terms of Clause 4.3 of this Agreement, subject to the applicable provisions contained in Clause 5 of this Agreement;
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Interim Interest means cumulative accrued interest which you earn between the Date of Deposit and the Date of Issue on the Deposit in accordance with this Agreement; d. “Principal” means your Deposit plus any Interim Interest; e. “Return” means the return on the Principal calculated in accordance with this Agreement 2. RIGHT OF CANCELLATION a. You may cancel this Agreement for any reason by visiting any of our branches or by calling us at 0(000)000-XXXX (3822) within three (3) business days of the earlier of your actual or deemed receipt of this Agreement (the “Cancellation Deadline”).
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Examples of Interim Interest in a sentence

  • On the Closing Date, Borrower shall pay to Lender interest for the Interim Interest Accrual Period and on each Payment Date thereafter through and including the Maturity Date, Borrower shall pay to Lender all interest that has accrued or will accrue during the Interest Accrual Period in which such Payment Date (or Maturity Date, as applicable) occurs.

  • However, if Interim Interest has been paid, the difference between Interim Interest paid (where two or more Interim Interest Payment Dates exist, the total amount of Interim Interest paid on each Date) and interest on cancellation before maturity shall be settled.

  • If the Interim Interest payment is agreed to be made in the same currency as the time deposit, the Interim Interest shall be credited in the same currency to the foreign currency savings deposit in the PowerFlex account.

  • On each Interim Interest Payment Date, as a part of interest, interim interest (hereinafter, “Interim Interest”) shall be paid for the period from the deposit date or the previous Interim Interest Payment Date to the date immediately before the Interim Interest Payment Date, and at the contractual interest rate.

  • However, if Interim Interest has been paid, the Interim Interest paid (where two or more Interim Interest Payment Dates exist, the total amount of Interim Interest paid on each Date) shall be deducted from the principal, and the remaining amount of the principal shall be credited in the same currency to the savings deposit account in the PowerFlex account.


More Definitions of Interim Interest

Interim Interest with respect to any Purchaser Loan, the interest accrued thereon from the Funding Date to the related Closing Date.
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Interim Interest means interest that is paid on the Disbursed Principal for that period of time between the Disbursal Date and the Commencement Date. Interim Interest shall be paid at a daily rate equal to the Interest Rate divided by 365.
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Interim Interest means the interest payable at the Interest Rate for the period, if any, between the Closing Date and the first Interest Payment Date.
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Interim Interest means, with respect to a Forward Flow Receivable or Add-on Receivable, simple interest accrued at the annual percentage rate (“ APR ”) specified in the related Borrower’s Account Agreement during the Holding Period, taking into account the related discount to the APR for any promotional plan.
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Interim Interest shall have the meaning specified in Section 2.2(c) of the Participation Agreement.
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Interim Interest means, with respect to a Forward Flow Receivable or Add-on Receivable, simple interest accrued at the annual percentage rate (“APR”) specified in the related Borrower’s Account Agreement during the Holding Period, taking into account the related discount to the APR for any promotional plan.
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Interim Interest means for each Receivable purchased from Bank hereunder, the interest calculated on the Receivable between the Funding Date and the Sale Date at the Portfolio Interest Rate, calculated on a calendar day basis; provided, however, that any days for which a Receivable was included in the balances used to compute the economics pursuant to Schedule 14 of the Program Agreement shall be disregarded and excluded from the calculation of the Interim Interest.
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