Reset Payment definition

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.
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Reset Payment. 1) 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.
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Reset Payment has the meaning specified in Section 6(d) hereof.
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Examples of Reset Payment in a sentence

  • 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 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.

  • 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.

  • 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).

  • Inverter to be wired directly from battery with minimum 1/0 battery cable and 300 amp cartridge fuse.

  • You will also be able to determine the Reset Cash-Back and Reset Payment this way.

  • Key Features(or the Holder on the Reset Record Date) to pay the Reset Payment if they wish to continue to hold the same number of Westpac Instalments as they acquired from you.

  • Depending on these amounts, you may receive a Reset Cash-Back or elect to make a Reset Payment to continue to hold the same number of Instalment Warrants.You can also elect to exercise your Put Option and sell the underlying Security to Westpac for the greater of the Completion Payment and the Market Value of the Underlying Parcel.

  • Other options prior to Reset Closing TimeIf, for instance, you do not wish to make a Reset Payment or otherwise wish to end your investment you can consider the options set out below.

  • If you are the Holder on the Reset Record Date then you will be entitled to any Reset Cash-Back or obliged to make any Reset Payment to retain the same number of Westpac Instalments.


More Definitions of Reset Payment

Reset Payment shall have the meaning set forth in Section 4(e) of the Agreement.
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Reset Payment shall have the meaning set forth in Section 4(e) hereof.
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Related to Reset Payment

  • Reset Price means the greater of (i) 50% of the Initial Exercise Price (as adjusted for share splits, share dividends, recapitalizations and similar events pursuant to Section 3(a) hereof) and (ii) 100% of the lowest VWAP occurring on any day between the Initial Exercise Date and ninety (90) calendar days following the Issuance Date; provided that the Reset Price shall in no event be less than a floor price of 50% of the Initial Exercise Price.

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • 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 Period means each period from and including the First Reset Date to but excluding the next following Reset Date and thereafter from and including each Reset Date to but excluding the next following Reset Date;

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • 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 means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

  • Reset Rate means, in connection with each Remarketing, the rate per annum (as determined by the Remarketing Agent(s) in consultation with the Company pursuant to the Remarketing Agreement) rounded to the nearest one thousandth (0.001) of one percent that the Notes shall bear.

  • 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 set forth in clause (d) of Section 2.01 of this Supplemental Indenture.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date, in respect of the first Subsequent Reset Period, the second Business Day prior to the Second 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 each Distribution Date, the product of (A) (x) the weighted average of the Net Mortgage Rates for the Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (B) the Aggregate Loan Balance as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

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

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • 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.