Net Interest Amount definition

Net Interest Amount. ’ means, with respect to any period, the Gross Interest Obligations for such period less the Gross Interest Receivables for such period or, in the case of prospective calculations, the estimated Gross Interest Obligations for such period less the estimated Gross Interest Receivables for such period.
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Net Interest Amount. With respect to any Distribution Date and each Mortgage Loan, the product of (i) one-twelfth of the Net Mortgage Rate for such Mortgage Loan on such Distribution Date and (ii) the Principal Balance of such Mortgage Loan as of the first day of the related Collection Period.
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Examples of Net Interest Amount in a sentence

  • If Party B has specified Net Share Settlement as the Method of Settlement, the Selling Agent shall sell, in accordance with the terms hereof, such number of Shares from the Principal Share Amount that will generate aggregate Net Proceeds equal to the sum of (i) the Notional Amount, and (ii) the Net Interest Amount.

  • Unless Party B has specified Net Cash Settlement or Net Share Settlement in accordance with the terms hereof, on the Settlement Date, Party A will through the Arranging Agent, deliver the Principal Share Amount to Party B, and Party B will pay to Party A an amount equal to the sum of (i) the Notional Amount and (ii) the Net Interest Amount.

  • The term "Shortfall" at anytime and from time to time means the US Dollar amount by which the sum of (i) the Notional Amount and (ii) the Net Interest Amount exceeds the aggregate Net Proceeds, if any, actually received from the sale of (i) all or a portion of the Number of Shares plus (ii) additional Shares delivered pursuant to the Party B Net Share Settlement Delivery)).

  • If Party B has specified Net Share Settlement as the Method of Settlement, Party A shall sell, in accordance with the terms hereof, such number of Shares from the Principal Share Amount that will generate aggregate Net Proceeds equal to the sum of (i) the Notional Amount and (ii) the Net Interest Amount.

  • On the related Settlement Date, Party A will pay to Party B, an amount in USD equal to the product of the Principal Share Amount and the Final Reference Share Price, and Party B will pay to Party A, through the Arranging Agent, an amount in USD equal to the sum of (i) the Notional Amount and (ii) the Net Interest Amount (which will reduce the amount due from Party B if the Net Interest Amount is negative).