Prepaid Interest definition

Prepaid Interest has the meaning specified in Section 2.03(a)(i).
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Prepaid Interest. With respect to any Mortgage Loan that was originated after the Cut-off Date, the amount paid by the related Mortgagor in respect of interest accrued on that Mortgage Loan from the date of origination through and including the last day of the month of origination. Prepaid Interest shall not be an asset of any REMIC.
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Prepaid Interest means an amount in United States Dollars equal to the full amount of interest that would accrue on the original principal amount of the Notes (assuming no payment, prepayment, redemption, or repurchase) pursuant to Section 2 of the Notes for the two year period commencing on the Original Issue Date of such Notes through the 2nd anniversary of such Original Issue Date.
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Examples of Prepaid Interest in a sentence

  • This means that Investors may receive zero and lose their total Prepaid Interest or Investment Amount and any fees and interest paid even if the Hedge Security Deed is enforced.

  • The first three months of interest payments due under the Revolving Credit Facility shall have been prepaid to the Lender pursuant to the Prepaid Interest Advance.

  • The proceeds of the Revolving Credit Facility shall be used by the Borrower solely (i) to design, build and operate COES Installations, (ii) to pay the fees, costs, and expenses incurred or due in connection with the Revolving Credit Facility, (iii) to pay the Prepaid Interest Advance, and (iv) for other purposes expressly permitted herein.

  • Investors will receive an annual interest statement setting out the amount of Prepaid Interest paid on the Loan for tax purposes.

  • In an Early Maturity Event occurs, Investors will not be entitled to a refund on any Prepaid Interest or any Fees paid.

  • Since the Loan is limited recourse to an Investor’s interest in the Units, once an Investor has paid their Prepaid Interest and any Fees as specified in the relevant Term Sheet PDS, even if the return on the Units is insufficient to repay the Loan Amount, the Investor cannot be pursued for anything more (even upon Early Maturity or Issuer Buy-Back).

  • If the Issuer is unable to achieve the economic exposure described in the PDS on the Commencement Date due to any condition set out in the PDS not being satisfied (e.g. the Issuer being unable to hedge its obligations), or otherwise determines in its absolute discretion not to proceed with the issue for any reason, then the Issuer will terminate any Units already issued, return the Prepaid Interest or Investment Amount and any Fees without interest.

  • You should note that the amount of the Investment Amount, Prepaid Interest and any Fees are at risk as there is no guarantee that returns on the Units will be in excess of these amounts.

  • Additionally, in the event of an Investor requested Issuer Buy-Back, an Early Maturity Event or if Investors elect to repay their Loan prior to the Maturity Date, they will not receive a refund of any of the Prepaid Interest or other Fees.

  • The Prepaid Interest per Unit for the Investment Term will be specified in the relevant Term Sheet PDS.


More Definitions of Prepaid Interest

Prepaid Interest at any time means in respect of any loan, the amount of
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Prepaid Interest is defined in Section 2.2(c).
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Prepaid Interest means the interest or portion thereof, if any, which has accrued on the Indebtedness on the Prepayment Date but which is not scheduled pursuant to the Bonds to be due and paid until after the Prepayment Date.
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Prepaid Interest means an amount equal to $375,000.00, which shall be drawn in connection with the first Advance hereunder and paid over to Lender in prepayment of Regular Interest due and owing on the Loan from time to time.
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Prepaid Interest has the meaning set forth in the Note.
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Related to Prepaid Interest

  • Unpaid Interest means, on any Distribution Date with respect to any Class of Interests or Certificates (other than the Residual Certificates), the portion of Distributable Certificate Interest for such Class remaining unpaid as of the close of business on the preceding Distribution Date, plus one month's interest thereon at the applicable Pass-Through Rate.

  • Unpaid Interest Amounts As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Class Unpaid Interest Amounts As to any Distribution Date and Class of interest bearing Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Class Optimal Interest Distribution Amount.

  • Prepaid Installment With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Prepayment with respect to such Mortgage Loan.