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 interest upon the Minimum Balance at the interest rate in effect on the date that express written notice of such termination is given to Lender (or, if no such notice is given, the rate in effect on the effective date of termination), for the period commencing on the date of such written notice of termination (or, if no such notice is given, commencing on the effective date of termination) and ending at the end of the Term (or at the end of a period of sixty (60) days thereafter, if such termination notice is given by Borrowers during or at the end of a Renewal Term on less than sixty (60) days notice or if no termination notice is given).

Examples of Minimum Interest Amount in a sentence

• If any Maximum Rate of Interest or Minimum Rate of Interest or Maximum Interest Amount or Minimum Interest Amount or Maximum Instalment Amount or Minimum Instalment Amount or Maximum Redemption Amount or Minimum Redemption Amount is specified in the Final Terms, then any Rate of Interest, Instalment Amount, Redemption Amount or Interest Amount shall be subject to such maximum or minimum, as the case may be.

• 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.

• If any Maximum Rate of Interest or Minimum Rate of Interest or Maximum Interest Amount or Minimum Interest Amount is specified in the Final Terms, then any Rate of Interest or Interest Amount shall be subject to such maximum or minimum, as the case may be.

• 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.

• 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.

More Definitions of Minimum Interest Amount

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 Collateral Payment (and any assumed amount payable by the Issuer to the Swap Counterparty, or as the case may be, by the Swap Counterparty to the Issuer as a result of any theoretical termination of the Asset Swap Agreement and any Ancillary Costs) in good faith and in a commercially reasonable manner. For the avoidance of doubt, in such circumstances, the Asset Swap Agreement will not actually be terminated, in part, until the relevant Cash Settlement Date.

Minimum Interest Amount means, on any date and with respect to any principal amount owing under this Note, the difference between (a) $556,875.00, representing the total amount of interest payments hereunder and (b) any payment of interest made prior to such date with respect to such principal 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 by the Transaction Documents, Hxxxxx’s opportunity costs, and Hxxxxx’s minimum anticipated profit.

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 an amount of interest equal to the sum of all interest payments calculated under Section 2.6 on the full principal amount of the Facility over a 12 month period, whether or not such principal amount has been outstanding for such duration;

Minimum Interest Amount is, for any month, an amount equal to Ten Thousand Five Hundred Fifty Dollars ($10,550).

Minimum Interest Amount shall have the meaning assigned in Section 13.1(c) hereof.