Minimum Coupon definition

Minimum Coupon means the product of the Minimum Coupon Rate and the Principal Amount.
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Minimum Coupon means 6.50%.
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Minimum Coupon means 7.50%. The “Maximum Moody’s Rating Factor Test” will be satisfied on any date of determination if the Adjusted Weighted Average Moody’s Rating Factor of the Collateral Obligations is less than or equal to the sum of (i) the number set forth in the Minimum Diversity Score/Maximum Rating/Minimum Spread Matrix set forth below at the intersection of the applicable “row/column combination” chosen by the Collateral Manager (or interpolating between two adjacent rows and/or two adjacent columns, as applicable) in accordance with the Indenture plus (ii) the Moody’s Weighted Average Recovery Adjustment plus(iii) the Moody’s Weighted Average Life Adjustment. The “Moody’s Weighted Average Recovery Adjustment” means, as of any date of determination, the greater of (a) zero and (b) (i) with respect to the adjustment of the Maximum Moody’s Rating Factor Test, the product of (x) (A) the Weighted Average Moody’s Recovery Rate as of such date of determination multiplied by 100 minus (B) 43 and (y) the number determined in accordance with the definition of Weighted Average Moody’s Rating Factor Matrix, based upon the applicable
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Examples of Minimum Coupon in a sentence

  • A percentage equal as of any date of determination to a number obtained by multiplying (a) the excess, if any, of the Weighted Average Coupon over the Minimum Coupon by (b) the number obtained, including for this purpose any capitalized interest, by dividing the Aggregate Principal Balance of all Fixed Rate Obligations by the Aggregate Principal Balance of all Floating Rate Obligations.

  • The test that is satisfied on any date of determination if the Weighted Average Coupon plus the Excess Weighted Average Spread equals or exceeds the Minimum Coupon.

  • The guiding principle of ATMA provides opportunities for promotion of Public Private Partnership in Agricultural Extension Delivery mechanism.

  • At the Maturity Date, an amount equal to the Unpaid Principal Amount and all accrued but unpaid Minimum Coupon through the date of payment shall be due and payable to the Holder.

  • The test that is satisfied on any date of determinationif the Weighted Average Coupon plus the Excess Weighted Average Spread equals or exceeds the Minimum Coupon.

  • If the Coupon Rate is subject to a floor, the Coupon Rate is also subject to the Minimum Coupon Rate if the Coupon Rate is subject to a cap, the Coupon Rate is also subject to the Maximum Coupon Rate.

  • The Company shall have the right to redeem this Note at any time, in whole or in part, in exchange for a cash payment equal to the sum of (i) 101% of the Unpaid Principal Amount, and (ii) all accrued but unpaid Minimum Coupon through the date of redemption.

  • The "Minimum Coupon Test" will be satisfied on any date of determination if (i) the Weighted Average Fixed Coupon equals or exceeds the Minimum Weighted Average Fixed Coupon and (ii) the Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Floating Spread.

  • The Minimum Coupon shall be payable quarterly in arrears on March 31, June 30, September 30 and December 31 (or the next Business Day (as defined below) thereafter if such date is not a Business Day), and on the Maturity Date, commencing on March 31, 2020.

  • Any portion of the Minimum Coupon that is due and payable shall bear interest at the rate of 10.00% per annum compounded annually.


More Definitions of Minimum Coupon

Minimum Coupon means the percentage specified in the Final Terms; “NA” means Nominal Amount;
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Related to Minimum Coupon

  • Minimum Condition has the meaning set forth in Annex I.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Minimum Collateral Amount means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.14(a)(i), (a)(ii) or (a)(iii), an amount equal to 105% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Administrative Agent and the L/C Issuer in their sole discretion.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Minimum Consideration means the $.01 par value per share or such larger amount determined pursuant to resolution of the Board to be capital within the meaning of Section 154 of the Delaware General Corporation Law.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.

  • Minimum Transfer Amount means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Coupon Barrier Value means, in respect of a ST Coupon Valuation Date, Worst Value.

  • Maximum Commitment means initially the amount specified in item 4 on Schedule A, as such amount may be reduced from time to time in accordance with Section 2.04(a).

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.