Reinvestment Premium definition

Reinvestment Premium means an amount equal to the net present value of the difference in scheduled interest payments of (A) above less (B) above for each scheduled interest period, discounted at the 10-year Interest Rate Swap as reported on the Federal Reserve H.15 report as effective on the Rate Lock Breakage Date.
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Reinvestment Premium means the amount computed in accordance with Schedule C.
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Reinvestment Premium means an amount equal to the net present value of the difference in scheduled interest payments of (ii)(A) above less (ii)(B) above for each scheduled interest period, discounted at the 10 -year Interest Rate Swap rate as reported on the Federal Reserve H.15 report as effective on the Rate Lock Breakage Date. (c) Subject to the terms hereof, in the event of a breach by the Purchaser of any obligation of the Purchaser hereunder, the District may exercise any right or remedy that it has under law or in equity to enforce its privileges hereunder.
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Examples of Reinvestment Premium in a sentence

  • If (B) above is equal to or greater than (A) above, then no Reinvestment Premium is due.

  • Event of Default which gave rise to Lessor's exercising its option pursuant to this subpart (3) was an Event of Default under Section 20(a)(i) of this Lease, any Reinvestment Premium, provided that, if Lessee shall so request, Lessor, shall at the time of such payment assign and convey the Leased Property to Lessee, without further consideration, in accordance with the terms and provisions of Article 15 hereof.

  • To the extent such Reinvestment Premium is payable pursuant to the paragraph below, it will be due within five (5) business days of the Purchaser's written request, as further described below.

  • If Lessor accepts such offer, then Lessee shall purchase the Leased Property on an Installment Payment Date specified by Lessor not less than 30 nor more than 90 days after the giving of the Article 9 Notice for a purchase price equal to the Termination Value as of the date of such purchase plus the Reinvestment Premium on said Termination Value.

  • In addition, Lessee shall be liable for all costs and expenses, including reasonable attorney's fees, incurred by Lessor or any Assignee by reason of the occurrence of any Event of Default or the exercise of Lessor's remedies with respect thereto, including all costs and expenses incurred in connection with the return of the Equipment in accordance with Section 6 hereof or in placing the Equipment in the condition required by said Section, and for any Reinvestment Premium.

  • In the event a Termination Date of any Item of Equipment occurs prior to the last day of the Maximum Term hereof relating to such Item, Obligor shall pay to Obligee on the Termination Date of such Item in immediately available funds, in addition to any other obligations hereunder, the Reinvestment Premium relating to such Item.

  • For the transcription process, the most important statements by the interviewees were captured and written down.

  • If Lessor requires Lessee to purchase the Leased Property pursuant to this Article, then Lessee shall purchase the Leased Property on an Installment Payment Date specified by Lessor not less than 30 nor more than 90 days after the giving of the Article 9 Notice for a purchase price equal to the Termination Value as of the date of such purchase plus the Reinvestment Premium.

  • The District understands that, if for any reason other than cancellation by the Purchaser pursuant to Section 5(a)(3) hereof, on the Settlement Date (as defined herein) the Lease-Purchase Agreement is not issued on the specific terms set forth in this Agreement, the District shall pay to the Purchaser, within five (5) business days of the Purchaser’s written request, the Reinvestment Premium as provided in the Rate Lock Agreement.

  • In the event a Termination Date of any Item of Equipment occurs prior to the last day of the Maximum Term hereof relating to such Item, Lessee shall pay to Lessor on the Termination Date of such Item, in immediately available funds, in addition to any other obligations hereunder, the Reinvestment Premium relating to such Item.


More Definitions of Reinvestment Premium

Reinvestment Premium. The Reinvestment Premium shall mean: an amount equal to the sum of any so-called pre-payment premium, yield maintenance payment, prepayment penalty or other similar payment that would be due under any Loan Documents were the Loan evidenced thereby paid off on the date in question. Property Account. Property Account is the applicable amount (in dollars) shown on the sixth column of the Schedule C-1 attached to this Schedule C. The dates in the second and third columns of Schedule C-1 identify the time periods to which such Property Account figures correspond. In each case in which there is a Rent Reset Lease Amendment, the Property Account shall always be the sum of (i) the Property Subaccount A prevailing from time to time plus (ii) the Property Subaccount B prevailing from time to time.
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Reinvestment Premium means, with respect to the termination of the Lease and the purchase of all of the Properties by Lessee pursuant to Article 34 of the Lease, and the accompanying prepayment of the Loan and the Equity Investment on any Payment Date occurring on or prior to July 31, 2002, a premium in one of the following amounts: (i) if such Payment Date is a date on or prior to July 31, 2000, an amount equal to two percent (2%) of the Cost of the Properties as of such Payment Date; (ii) if such Payment Date is a date on or after August 1, 2000 but on or prior to July 31, 2001, an amount equal to one percent (1%) of the Cost of the Properties as of such Payment Date; and (iii) if such Payment Date is a date on or after August 1, 2001 but on or prior to July 31, 2002, an amount equal to one-half of one percent (0.5%) of the Cost of the Properties as of such Payment Date.
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Reinvestment Premium for any Item of Equipment, as of any determination date, shall mean the excess, if any, of (a) the net present value of the sum of (i) all Basic Payments remaining to be paid after such determination date through the expiration of the Maximum Term of such Item, that would have been payable for such Item following such determination date if this Agreement had been renewed through and inclusive of the expiration of the Maximum Term of such Item, and (ii) the Estimated Residual Value applicable to such Item at such expiration of the Maximum Term (together, the sum of (i) and (ii) being referred to as the "Discounted Payments"), each discounted at a rate equal to the sum of the then current yield for direct obligations of the United States Treasury having a maturity equal to the average life of the Discounted Payments plus fifty basis points (0.50%), over (b) the Estimated Residual Value applicable to such Item at such time of determination.
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Reinvestment Premium means, as of any date, the amount (but not less than -------------------- zero) equal to the excess, if any, of (i) the sum of the Present Values (as hereinafter defined) of (a) the Termination Value (assuming the Termination Value is payable on the last day of the Maximum Lease Term), and (b) the amount of Basic Rent that would have been payable on each Installment Payment Date from and after the date of determination (assuming all payments of Basic Rent are made when due), over (ii) the Termination Value as of the date of determination. The Present Value shall be determined by discounting in accordance with ------------- generally accepted financial practice on a monthly basis at a discount rate equal to the sum of the applicable Treasury Yield plus 0.50% (which is then adjusted to monthly equivalent). The Treasury Yield for such purpose shall be -------------- determined as of 10:00 A.M. New York City time on the first Business Day before the date of determination by reference to the yields of those actively traded "On the Run" United States Treasury securities having a maturity equal to the remaining balance of the Maximum Lease Term, as shown on the display designated on "Page 500" on the Bridge Telerate Service (or such other display as may replace Page 500 on the Bridge Telerate Service) or any other reputable online source of such market data; provided that if such yields are not reported as of such time or the yields reported as of such time are not ascertainable (including by way of interpolation), the Treasury Yield shall be determined by reference to the yields reported, for the latest day for which such yields have been so reported as of the first Business Day before the date of determination, in Federal Reserve Statistical Release H.15 (519) (or any comparable successor publication) for actively traded United States Treasury securities having a maturity equal to the remaining balance of the Maximum Lease Term, and provided further that if the remaining balance of the Maximum Lease Term is not equal to the maturity of the actively traded "On the Run" United States Treasury security, such yield shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the yields of actively traded "On the Run" United States Treasury securities having a maturity closest to such remaining balance of the Maximum Lease Term. The Reinvestment Premium shall be determined by Lessor and shall be binding on Lessee absent manifest e...
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Reinvestment Premium for any Item of Equipment, as of any determination date, shall mean the excess, if any, of (a) the net present value of the sum of (i) all payments of Rent remaining to be paid after such determination date through the expiration of the Maximum Term of such Item, that would have been payable for such Item following such determination date if this Lease had been renewed through and inclusive of the expiration of the Maximum Term of such Item, and (ii) the Estimated Residual Value applicable to such Item at such expiration of the Maximum Term (together, the sum of (i) and (ii) being referred to as the "Discounted Payments"), each discounted at a rate equal to the then current yield for direct obligations of the United States Treasury having a maturity equal to the average life of the Discounted Payments, over (b) the Estimated Residual Value applicable to such Item at such time of determination.
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Related to Reinvestment Premium

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Reinvestment has the meaning set forth in Section 2.2.

  • Reinvestment Deferred Amount with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.10(b) as a result of the delivery of a Reinvestment Notice.

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • Investment Proceeds means, with respect to any Determination Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Series 1996-1 Accounts, together with an amount equal to the Series 1996-1 Allocation Percentage of the interest and other investment earnings on funds held in the Collection Account credited as of such date to the Collection Account pursuant to Section 4.02 of the Agreement.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Reinvestment Rate means .25% (one-fourth of one percent) plus the arithmetic mean of the yields under the respective headings “This Week” and “Last Week” published in the Statistical Release under the caption “Treasury Constant Maturities” for the maturity (rounded to the nearest month) corresponding to the remaining life to maturity, as of the payment date of the principal being redeemed or paid. If no maturity exactly corresponds to such maturity, yields for the two published maturities most closely corresponding to such maturity shall be calculated pursuant to the immediately preceding sentence and the Reinvestment Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounding in each of such relevant periods to the nearest month. For the purposes of calculating the Reinvestment Rate, the most recent Statistical Release published prior to the date of determination of the Make-Whole Amount shall be used.

  • Subordinate Principal Prepayments Distribution Amount For any Distribution Date, the Subordinate Prepayment Percentage of the Principal Prepayment Amount.

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Prepayment Interest Excess As to any Principal Prepayment received by the Master Servicer from the first day through the fifteenth day of any calendar month (other than the calendar month in which the Cut-off Date occurs), all amounts paid by the related Mortgagor in respect of interest on such Principal Prepayment. All Prepayment Interest Excess shall be paid to the Master Servicer as additional master servicing compensation.

  • Deferred Amount With respect to any Distribution Date and each Class of the Subordinate Certificates, the amount by which (x) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Amount thereof exceeds (y) the sum of (1) the aggregate of amounts previously reimbursed in respect thereof and (2) the amount by which the Class Principal Amount of such Class has been increased due to any Subsequent Recovery.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Principal Payments means all payments of principal made pursuant to the terms of the Note.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.

  • Interest Remittance Amount For any Distribution Date and Loan Group, an amount equal to the sum of (1) all interest collected (other than related Payaheads, if applicable) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Loan Group during the related Collection Period, the interest portion of Payaheads previously received and intended for application in the related Collection Period and the interest portion of all Payoffs and Curtailments received on the Mortgage Loans in such Loan Group during the related Prepayment Period (other than interest on Principal Prepayments that occur during the portion of the Prepayment Period that is in the same calendar month as the related Distribution Date), less (x) the Servicing Fees (other than any Excess Servicing Fee) and any lender paid Primary Insurance Policy premiums with respect to such Mortgage Loans and (y) unreimbursed Advances and other amounts due to a Servicer, the Back-Up Servicer or the Trustee with respect to such Mortgage Loans, to the extent allocable to interest, (2) all Compensating Interest Payments paid by a Servicer with respect to the related Mortgage Loans with respect to such Distribution Date, (3) the portion of any Substitution Adjustment Amount and Repurchase Price paid with respect to such Mortgage Loans during the calendar month immediately preceding the Distribution Date, in each case allocable to interest and the proceeds of any purchase of the Mortgage Loans by the Terminating Entity pursuant to Section 9.01 in an amount not exceeding the interest portion of the Par Value, (4) all Net Liquidation Proceeds, and any Insurance Proceeds and other recoveries (net of unreimbursed Advances, Servicing Advances and expenses, to the extent allocable to interest, and unpaid Servicing Fees) collected with respect to such Mortgage Loans during the prior calendar month, to the extent allocable to interest, (5) any amounts withdrawn from the Capitalized Interest Amount to pay interest on the related Certificates with respect to such Distribution Date and (6) the aggregate Excess Servicing Fee to be distributed to the Class A-IO-S Certificates.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Reinvestment Period means 15 months following the date of receipt of Net Cash Proceeds of an Asset Sale Prepayment Event, Casualty Event or Permitted Sale Leaseback.