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 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.

  • If the goods furnished under this order are for resale (as indicated on the front of this order), the Buyer will pay any sales or use tax imposed on such goods after delivery.

  • 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 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.

  • The Company shall have the right to redeem this Note at any time, in whole or in part, in exchange for the sum of (i) a cash payment equal to the Unpaid Principal Amount plus all accrued but unpaid Minimum Coupon through the date of redemption, and (ii) the present value of the remaining scheduled interest payments discounted to the Maturity Date at the Treasury Rate (as defined below) plus 25 basis points.


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 Collateral Amount means, at any time, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 105% of the Fronting Exposure of all Issuing Lenders with respect to Letters of Credit issued and outstanding at such time and (ii) otherwise, an amount determined by the Administrative Agent and the Issuing Lenders in their sole discretion.

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

  • 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;