Monthly Interest Amount definition

Monthly Interest Amount means the Class A Monthly Interest Amount and the Class B Monthly Interest Amount.

Monthly Interest Amount means with respect to any Mortgage Loan and any Distribution Date, one- twelfth of the product of (i) the Interest Bearing Unpaid Principal Balance for such Mortgage Loan as of the beginning of the related Collection Period, and (ii) the Mortgage Interest Rate applicable to the scheduled payment that is next due and payable by the related mortgagor as of the end of the second preceding month in which such Distribution Date occurs.

Monthly Interest Amount shall have the meaning given in Section 5.08.

Examples of Monthly Interest Amount in a sentence

• Subject as provided under the heading "Coupon Payment Ledger" below, in relation to each Series of Covered Bonds that (a) does not have a Covered Bond Swap in place and (b) does not have monthly Interest Payment Dates (each such Series, an "Accumulation Series of Covered Bonds"), the Cash Manager shall maintain an Interest Accumulation Ledger, to which the LLP Monthly Interest Amount will be credited on each LLP Payment Date.

• However, should the City elect exercising this option, no adjustment to the Monthly Interest Amount Due will be made.

• The Accumulation Reserve Account will be established to assist with the payment by the Issuer of the Monthly Interest Amount payable on each Class of Notes during the Controlled Accumulation Period.

• The Monthly Interest Amount shall be determined by creating an amortization schedule by applying specific assumptions to a software application that is deemed reliable by the Deputy City Administrator.

• Nothing in this paragraph shall allow for any delay in the Monthly Interest Amount due under Paragraph 5, and each month the Monthly Interest Amount payment shall be made in accordance with Paragraph 5.

More Definitions of Monthly Interest Amount

Monthly Interest Amount on any Payment Date shall mean an amount equal to the sum of, for each Loan the product of (i) the Principal Balance of such Loan during the related Due Period, times (ii) the Applicable Rate times (iii) a fraction, the denominator of which is three hundred sixty (360), and the numerator of which is the actual number of days in the related Interest Accrual Period.

Monthly Interest Amount means the amount of interest capitalised on the Outstanding Instalment Balance of an Instalment Receipt on an Interest Payment Date or other date specified in the relevant Investment Confirmation, the Instalment Receipts Deed or this PDS.

Monthly Interest Amount for any Accrual Period means (i) the daily ----------------------- average Series 0000-0 Xxxxxxxxx Invested Amount during such Accrual Period, times (ii) the ----- Certificate Rate for such Accrual Period, times (iii) a fraction, the numerator ----- of which is the number of days in such Accrual Period and the denominator of which is 360.

Monthly Interest Amount means, with respect to the Senior Credit and any Payment Date, the sum of (i) interest accrued on the Outstanding Amount of the Senior Credit as of the first day of the related Interest Accrual Period (after giving effect to payments made on such date) during the related Interest Accrual Period at the Interest Rate and (ii) any Monthly Interest Amount unpaid on the immediately preceding Payment Date, with interest thereon at the Interest Rate for the current Payment Date. Interest on the Senior Credit in respect of any Payment Date will accrue during the related Interest Accrual Period on the basis of a year consisting of 360 days and the actual number of days in such Interest Accrual Period.

Monthly Interest Amount has the meaning set forth in the defined term “Term Loan Interest Rate”.

Monthly Interest Amount means, with respect to any Distribution Date, (A) the sum, without duplication, of clauses (i) through (v) of part (A) of the definition of Monthly Remittance Amount; minus (B) any amounts netted from the foregoing or withdrawn from the Certificate Account by or at the direction of the Master Servicer as permitted by this Agreement.

Monthly Interest Amount means with respect to any Mortgage Loan and any Distribution Date, one- twelfth of the product of (i) the Interest Bearing Unpaid Principal Balance for such Mortgage Loan as of the