Residual Interest Amount definition

Residual Interest Amount means an amount, if any, equal to the sum of the present values, discounted at the most recently determined ISDA Rate (provided, that such rate may not be lower than zero percent) of each of the scheduled payments of accrued interest (but only to the extent such interest would have accrued based on a rate of interest equal to (i) for any day on or prior to August 4, 2018, the applicable Risk Margin, or (ii) for any day after August 4, 2018, zero (0)) that would have been payable from and including the first day of the Interest Accrual Period beginning on the first Interest Payment Date when all Principal Reductions have reduced the Outstanding Nominal Amount to zero through and including the last day of the Interest Accrual Period ending on the Interest Payment Date falling in August 2018.
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Residual Interest Amount means an amount equal to the sum of the present value, discounted at an annual rate of the Initial Risk Interest Spread, of each of the scheduled payments of the Interest Spread Amount that would have been payable for the remaining portion of the relevant Accrual Period days during the period from the Payment Date when the Outstanding Principal Amount (including the effect of any Principal Reduction to the Series 2014-2 Notes on such date) has been reduced to zero to and excluding the first anniversary date of the Effective Date.
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Residual Interest Amount means, with respect to each Class of Notes, an amount equal to the present value, discounted at LIBOR, of all the scheduled payments of the Interest Spread that would have been payable on each Payment Date following that Payment Date through and including the fourth Payment Date following the Closing Date.
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Examples of Residual Interest Amount in a sentence

  • Borrower and Lender acknowledge and agree that the Reserve Account and Tenant Security Deposit Account are given as additional security for the performance of Borrower's obligations to pay installments of fixed interest, Residual Interest Amount, Yield Maintenance Documents when due, and as security for the performance of Borrower's obligations under the Agreement.

  • The Interest Rates, the Interest Amount, the Notes Payment Date, the Class X Residual Interest Amount, the Class R Residual Interest Amount and the Subordinated Step-up Consideration so published may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without notice in the event of an extension or shortening of the Interest Period.

  • The determination of the relevant Interest Rates, each Interest Amount, the Class X Residual Interest Amount, the Class R Residual Interest Amount and each Subordinated Step-up Consideration by the Issuer (or the Issuer Administrator on its behalf) shall (in the absence of manifest error) be final and binding on all parties.

  • If the Calculation Agent does not at any time for any reason so calculate any Floating Rate of Interest and/or the Cash Current Interest Amount or Residual Interest Amount for the Class B Notes for any Payment Period, the Trustee (or a person appointed by it for the purpose) (subject to being secured and/or indemnified to its satisfaction) shall do so and such determination or calculation shall be deemed to have been made by the Calculation Agent and shall be binding on the Noteholders.

  • On the later of the day that both (x) a Ceding Insurer Bankruptcy Event shall have occurred and (y) the Residual Interest Amount (calculated in respect of the then next succeeding Payment Date) exceeds the then current Outstanding Principal Amount, the Ceding Insurer shall pay an additional premium equal to the excess of the Residual Interest Amount (as so calculated), if any, over the Outstanding Principal Amount as of such date, to the extent such excess is greater than zero.

  • In connection with any payment of the Residual Interest Amount, if any, under the Indenture, the Ceding Insurer shall pay an additional amount equal to such Residual Interest Amount on the Business Day immediately preceding the date on which such Residual Amount is required to be paid under the Indenture.

  • The Issuer (or the Issuer Administrator on its behalf) will cause the Class X Residual Interest Amount, the Class R Residual Interest Amount and the Subordinated Step-up Consideration applicable to the relevant Class of Notes to be notified to the Security Trustee, the Paying Agent, the holders of such Class of Notes and Euronext Amsterdam.

  • The Issuer (or the Issuer Administrator on its behalf) will cause the relevant Interest Rates, the Class X Residual Interest Amount, the Class R Residual Interest Amount and the Notes Payment Date applicable to the relevant Class of Notes to be notified to the Issuer, the Security Trustee, the Paying Agent, the Issuer Administrator and the holders of such Class of Notes.


More Definitions of Residual Interest Amount

Residual Interest Amount means (i) the amount calculated by the Calculation Agent by applying the relevant Residual Interest Rate to an amount equal to the relevant Outstanding Principal Amount represented by such Minimum Denomination or Authorised Integral Amount, as applicable, multiplying the product by the actual number of days in the Payment Period concerned, divided by 360 and rounding the resultant figure to the nearest €0.01 (€0.005 being rounded upwards) plus (ii) in respect of the first Payment Period only, an amount calculated by the Calculation Agent by applying the Class B Fixed Rate of Interest (for this purpose the Cash Current Interest Rate shall be deemed to be zero) to an amount equal to the relevant Outstanding Principal Amount represented by such Minimum Denomination or Authorised Integral Amount, as applicable, and multiplying the product by the actual number of days from (and including) 5 March 2008 to (but excluding) the Issue Date, divided by 360 and rounding the resultant figure to the nearest €0.01 (€0.005 being rounded upwards).
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Residual Interest Amount means the amount of accrued but unpaid interest due and payable by the Company under the Syndicated Facility Agreement as at the date of implementation of the Creditors' Scheme on the basis that no part of that amount is paid during the period between the Calculation Date and the date of implementation of the Creditors' Scheme (inclusive).
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Residual Interest Amount. With respect to any Distribution Date, the sum of (i) the Residual Excess Interest Amount for such Distribution Date and (ii) any unpaid Residual Excess Interest Amounts from prior Distribution Dates.
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Related to Residual Interest Amount

  • Actual Interest Amount is defined in Section 3.1(b)(vii) of this Agreement.

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Lower-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Lower-Tier REMIC and evidenced by the Class R Certificates.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Upper-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Upper-Tier REMIC and evidenced by the Class R Certificates.

  • Class Optimal Interest Distribution Amount With respect to any Distribution Date and interest-bearing Class, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class, on the related Class Certificate Balance or Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction pursuant to Section 4.02(d), and (ii) any Class Unpaid Interest Amounts for such Class.

  • Residual Interests As specified in the Preliminary Statement.

  • Assumed Interest Amount With respect to any Distribution Date and Class of Subordinated Certificates, one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the applicable Assumed Balance immediately prior to that Distribution Date.

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Overfunded Interest Amount With respect to any Subsequent Transfer Date, the excess of (A) the amount on deposit in the Capitalized Interest Account on such date over (B) the excess of (i) the amount of interest accruing at the sum of the (a) assumed weighted average Pass-Through Rate of the Offered Certificates and (b) the Applicable Rate on the Prefunded Amount outstanding at the end of the related Collection Period for the total number of days remaining through the end of the Accrual Periods ending April 25, 2004, May 24, 2004 and June 24, 2004 over (ii) one month of investment earnings on the amount on deposit in the Capitalized Interest Account on such date at an annual rate of 0.75%. The assumed weighted average Pass-Through Rate will be calculated assuming the Certificate Index is 1.09% for any Subsequent Transfer Date prior to the April 2004 Distribution Date, 1.34% for any Subsequent Transfer Date prior to the May 2004 Distribution Date and 1.59% for any Subsequent Transfer Date prior to the June 2004 Distribution Date.

  • REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the REMIC II Regular Interests; and

  • Daily Interest Amount means an amount calculated by multiplying the Daily Loan Balance of a Loan by the associated Daily Interest Rate on that Loan.

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

  • Residual Distribution Amount For any Distribution Date, with respect to the Class R-1 Residual Interest, any portion of the REMIC I Available Distribution Amount for Loan Group 1 and Loan Group 2 remaining after all distributions of the REMIC I Available Distribution Amount pursuant to clauses (a), (b) and (c) (other than the last subclause of clause (c)) of the definition of “REMIC I Distribution Amount”. For any Distribution Date, with respect to the Class R-2 Residual Interest, any portion of the REMIC II Available Distribution Amount remaining after all distributions of the REMIC II Available Distribution Amount pursuant to the definition of “REMIC II Distribution Amount” (other than the distribution pursuant to the last clause thereof). For any Distribution Date, with respect to the Class R-3 Residual Interest and for Loan Group 1 and Loan Group 2, any portion of the REMIC III Available Distribution Amount for Loan Group 1 and Loan Group 2, respectively, remaining after all distributions of such REMIC III Available Distribution Amount pursuant to clauses (I)(A), (I)(B), (I)(C), (II)(A) and (II)(B), as applicable, of the definition of “REMIC III Distribution Amount” (other than the distributions pursuant to the last subclause of clauses (I)(C), (II)(A) and (II)(B)). Upon termination of the obligations created by this Agreement and liquidation of REMIC I, REMIC II and REMIC III, the amounts which remain on deposit in the Certificate Account after payment to the Holders of the REMIC III Regular Interests of the amounts set forth in Section 9.01 of this Agreement, and subject to the conditions set forth therein, shall be distributed to the Class R-1, Class R-2 and Class R-3 Residual Interests in accordance with the preceding sentences of this definition as if the date of such distribution were a Distribution Date.

  • REMIC III Distribution Amount The REMIC III Available Distribution Amount for any Distribution Date shall be distributed to the Certificates and the Class R-3 Residual Interest in the following amounts and priority:

  • PIK Interest Amount means, in respect of any Interest Payment Date, the amount of interest accrued during an Interest Period calculated based on the PIK Interest Rate applicable during such Interest Period.

  • Accrued Certificate Interest Distribution Amount With respect to any Distribution Date for each Class of LIBOR Certificates, the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately prior to such Distribution Date, as reduced by such Class's share of Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class pursuant to Section 4.02.

  • Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.

  • 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).

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.