Minimum Interest Amount definition

Minimum Interest Amount means, on any date and with respect to any principal amount owing under this Note, the difference between (a) 8% of the Original Principal Amount calculated from the Original Issue Date until the Maturity Date and (b) any payment of interest made prior to such date with respect to such principal amount.

Minimum Interest Amount means the amount specified as such in the relevant Final Terms.

Minimum Interest Amount means, as of any date of determination occurring during the periods described in the table below, the amount set forth opposite each such applicable period: The period commencing on the Third Amendment Effective Date and ending on March 31, 2025 $0 The period commencing on April 1, 2025 and at all times thereafter An amount equal to interest payments that would be required for two (2) calendar quarters, calculated based on the aggregate principal balance of outstanding Term Loans during such period

Examples of Minimum Interest Amount in a sentence

• All payments of interest shall reduce the Minimum Interest Amount, and any remaining Minimum Interest Amount shall be due and payable upon the early repayment of principal as provided hereunder to compensate the Holder for a lesser profit in case of early repayment and for the internal and external work and expenditure of time and money involved in the evaluation, preparation and closing of the Transaction Documents.

• The Minimum Interest Amount is not to be construed to cover or be applied against any indemnity or any out-of-pocket fees, costs or expenses incurred in any action to collect any obligation or to foreclose any Lien securing the same.

• The Minimum Interest Amount is not to be construed to cover or be applied against any indemnity or any out-of-pocket fees, costs or expenses incurred in any action to collect any Obligation or to foreclose any Lien securing the same.

• If the applicable Final Terms specify a Minimum Interest Amount for any Interest Period, then, in the event that the Interest Amount in respect of such Interest Period determined in accordance with the manner specified in the applicable Final Terms is less than such Minimum Interest Amount, the Interest Amount for such Interest Period shall be such Minimum Interest Amount.

• Interest and fees shall be calculated on the basis of a 360-day year, consisting of twelve (12) thirty (30) calendar day periods, for the actual number of days (including the first day but excluding the last day) occurring in the applicable period and shall accrue daily; provided, that the Minimum Interest Amount shall be deemed to be fully earned and accrued on the Original Issue Date and payable as provided in this Agreement.

More Definitions of Minimum Interest Amount

Minimum Interest Amount means, on any date and with respect to any principal amount owing under this Note, the difference between (a) 10% of such principal amount, representing a full year of interest payments hereunder and (b) any payment of interest made prior to such date with respect to such principal amount. The Minimum Interest Amount is not meant as a penalty but rather is meant to cover Hxxxxx’s transaction costs incurred in connection with its analysis of this investment as well as the costs associated with the negotiation and consummation of the transactions contemplated herein, Hxxxxx’s opportunity costs, and Hxxxxx’s minimum anticipated profit.

Minimum Interest Amount means, with respect to the Notes, the amount of interest which would have been payable on the Notes in accordance with the provisions of sub-paragraph 12(A) above, if on the relevant Interest Accrual Date Loss Determination Amounts and (where applicable) Cash Settlement Amounts had been determined in respect of each Undetermined Reference Entity and (where applicable) each relevant Nominal Amount Reduction Valuation Date had fallen on or before such Interest Accrual Date, on the basis that the Final Price (as defined in the Default Swap Agreement) of each related Reference Obligation (as defined therein) is zero. When determining any Minimum Interest Amount the Calculation Agent shall determine the aggregate nominal amount of the Deliverable Collateral in good faith and in a commercially reasonable manner. For the avoidance of doubt, in such circumstances, the Deliverable Collateral will not be transferred to the Swap Counterparty and the Asset Swap Agreement will not actually be terminated in part, until the relevant Cash Settlement Date.

Minimum Interest Amount means, as of any date of determination occurring during the periods described in the table below, the amount set forth opposite each such applicable period:

Minimum Interest Amount means, in respect of any Interest Accrual Period, the amount of interest payable in respect of the Note for such period pursuant to Condition 7(a)(i) (Interest Rate and Accrual) and determined in accordance with Condition 7(f) (Calculation of Interest).”

Minimum Interest Amount means 2.5% of the Initial Principal Amount of this Note, which amounts represents three (3) months of interest payments hereunder; provided, that such amount shall be reduced by the amount of interest accrued hereunder on the principal amount of this Note.

Minimum Interest Amount means, with respect to an Interest Period, the Interest Amount that would have been payable in relation thereto if on each day during such Interest Period on which there are one or more Undetermined Reference Entities, the Outstanding Principal Amount were equal to the Nominal Principal Amount.

Minimum Interest Amount means an amount equal to $200,000.