Reset Payment definition

Reset Payment shall have the meaning set forth in Section 4(e) hereof.
Sample 1
Reset Payment on a Reset Trigger Date the Counterparty makes a payment to CAL FP equal to the 25% of the Initial Bond Price * Number of Bonds.
Sample 1
Reset Payment means the amount calculated by the Issuer as the amount payable by a Holder on a Reset Date to continue the GAS Instalment. The Reset Payment is calculated after the Cap Payment (if any) has been calculated and paid by a Holder. The Reset Payment will be calculated in accordance with the PDS, using the Loan Amount immediately before the Reset Date and the Revised Loan Amount, Interest Amount and Borrowing Fee.
Sample 1

Examples of Reset Payment in a sentence

  • If the Holder does not make the Reset Payment and has not repaid the Loan in cleared funds by the Annual Reset Date, then, subject to Macquarie’s rights of set-off, Macquarie may, in its absolute discretion, determine that the Holder’s Loan (in relation to all or part of the Holder’s Instalments) is immediately repayable on the Annual Reset Date, either in whole or in part and may enforce the Security Interest to recover this amount.

  • If the Holder makes the Reset Payment, the Holder will retain their full holding of Resetting Instalments, and the Holder’s Loan Amount per Resetting Instalment will be adjusted to the Revised Loan Amount (in accordance with the drawdown and repayment directions described below).

  • Where a Series of Resetting Instalments will be continued as of an Annual Reset Date, a Holder may receive a Reset Cashback (RC) from Macquarie or may be required to make a Reset Payment (RP) to Macquarie.

  • Reset Payment If a Holder owes Macquarie a Reset Payment, the Holder must pay to Macquarie the Reset Payment in cleared funds by the Annual Reset Date for each Resetting Instalment held.

  • If the calculation of this amount produces a negative number, the Holder will be obliged to make a Reset Payment to Macquarie equal to that amount.

  • In addition, if a Reset Payment is not provided in respect of your Westpac Instalments, Westpac may exercise the power of sale over any such Westpac Instalment or that number of Westpac Instalments necessary to make the Reset Payment in respect of your remaining Westpac Instalments with the money that would otherwise be payable to you.

  • Such Reset Payment shall be deemed a margin payment or settlement payment hereunder and shall be payable within one (1) Business Day after notice thereof is given by Buyer to Seller.

  • Such Reset Payment shall be deemed a margin payment or settlement payment hereunder.

  • Alternatively, if the New Loan Amount is less than the sum of the payments to be made, the difference will be payable by the Holder as a Reset Payment.

  • If you do not lodge a valid IQ Election Notice, JPMIAL will reset your IQ by adjusting the amount of IQs held by you such that your holdings will increase by reinvesting the amount of the Reset Cashback otherwise due to you, or decrease your holdings if there would otherwise be a Reset Payment required.


More Definitions of Reset Payment

Reset Payment shall have the meaning set forth in Section 4(e) of the Agreement.
Sample 1
Reset Payment has the meaning specified in Section 6(d) hereof.
Sample 1

Related to Reset Payment

  • Reset Price means the price of the relevant Underlying Reference determined by the Calculation Agent by reference to the price obtained by unwinding any underlying related hedging arrangements in respect of the relevant Security during the Unwinding Time Period immediately following the relevant Reset Event Determination Time ;

  • Net Payment means the amount the Issuer or any paying agent pays the Holder after deducting or withholding an amount for or on account of any present or future tax, assessment or other governmental charge imposed with respect to that payment by a taxing authority (including any withholding or deduction attributable to additional amounts payable pursuant to this Section).

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Debit Payment means a particular transaction where a debit is made.

  • Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;

  • Reset Period means the First Reset Period or a Subsequent Reset Period, as the case may be;

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Cash Interest Rate means the Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15 (519), or any successor publication, published by the Board of Governors of the Federal Reserve System.

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • Interest Payment has the meaning set forth in Section 4.02.

  • Reset Rate has the meaning specified in Section 2(d).

  • Interest Rate Cap Payment (a) With respect to the Class A-2, Class A-3 and Class A-4 Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 35 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class A-2, Class A-3 and Class A-4 Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis, (ii) the applicable Class A-2 and Class A-3 notional amount set forth on Schedule A to the Class A-2, Class A-3 and Class A-4 Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; (b) with respect to the Class M Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class M Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class M notional amount set forth on Schedule A to the Class M Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement; and (c) with respect to the Class B Certificates, beginning on the first Distribution Date and continuing through the immediately succeeding 43 Distribution Dates thereafter, the amount, if any, equal to the product of (i) the excess, if any, of the lesser of (A) one-month LIBOR rate as of the related reset date under the Class B Cap Agreement and (B) the applicable cap ceiling rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date over the applicable cap strike rate set forth on Schedule A to such Interest Rate Cap Agreement for such Distribution Date, calculated on an "actual/360" basis; (ii) the applicable Class B notional amount set forth on Schedule A to the Class B Cap Agreement for that Distribution Date and (iii) the multiplier set forth on Schedule A to such Interest Rate Cap Agreement.

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Reset MQD has the meaning given such term in Section 5.11(e).

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Fixed Rate Interest Payment Date has the meaning provided in Section 3.02(e)(i).

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Optimal Interest Remittance Amount For any Distribution Date, the excess of (i) the product of (1) (x) the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period less the Premium Percentage, divided by (y) 12 and (2) the applicable Aggregate Collateral Balance for the immediately preceding Distribution Date, over (ii) any expenses that reduce the Interest Remittance Amount that do not arise as a result of a default or delinquency of the Mortgage Loans.

  • Reset Date means the First Reset Date, the Second Reset Date and each Subsequent Reset Date (as applicable);

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Interest Reset Period The period beginning on the applicable Reset Date and ending on the calendar day preceding the next Reset Date.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Capped Interest Rate is defined in the Note, if applicable.