Scheduled Interest definition
Scheduled Interest means an amount equal to the amount in respect of interest which would have been due and payable under the Covered Bonds on each Interest Payment Date as specified in Condition 5.03 (but excluding any additional amounts relating to premiums, default interest or interest upon interest (“Excluded Scheduled Interest Amounts”) payable by the Issuer following an Issuer Event of Default but including such amounts (whenever the same arose) following service of a Guarantor Acceleration Notice) as if the Covered Bonds had not become due and repayable prior to their Final Maturity Date and, if the Final Terms specified that an Extended Due for Payment Date is applicable to the relevant Covered Bonds, as if the maturity date of the Covered Bonds had been the Extended Due for Payment Date (but taking into account any principal repaid in respect of such Covered Bonds or any Guaranteed Amounts paid in respect of such principal prior to the Extended Due for Payment Date), less any additional amounts the Issuer would be obliged to pay as a result of any gross-up in respect of any withholding or deduction made under the circumstances set out in Condition 8.01 (Taxation);
Scheduled Interest means, in respect of a Series, any amount of scheduled interest payable (i) under the Covered Bonds as specified in Condition 5 (Interest) (but excluding (a) any additional amounts relating to premiums, default interest or interest upon interest payable by the Issuer following an Issuer Event of Default and (b) any additional amounts the Issuer would be obliged to pay as a result of any gross-up in respect of any withholding or deduction made under the circumstances set out in Condition 8 (Taxation)), for this purpose disregarding any Excess Proceeds received by the Security Trustee on account of scheduled interest and on-paid to the CBC in accordance with the Trust Deed, or (ii) under the Guarantee as specified in Condition 3(b) (The Guarantee).
Scheduled Interest means, in relation to a Series of Covered Bonds, an amount equal to the amount in respect of interest which is or would have been due and payable under such Covered Bonds on each Interest Payment Date as specified in Condition 4 (Interest) of the Programme Conditions (in the case of Covered Bonds which are not N Covered Bonds) and the N Covered Bond Conditions (in the case of N Covered Bonds) (but excluding any additional amounts relating to premiums, default interest or interest upon interest (Excluded Scheduled Interest Amounts) payable by the Issuer following service of an Issuer Acceleration Notice but including such amounts (whenever the same arose) following service of an LLP Acceleration Notice), as if such Covered Bonds had not become due and repayable prior to their Final Maturity Date and (if the applicable Final Terms Document specified that an Extended Due for Payment Date is applicable to the relevant Covered Bonds) as if the maturity date of the Covered Bonds had been the Extended Due for Payment Date (but taking into account any principal repaid in respect of such Covered Bonds or any Guaranteed Amounts paid in respect of such principal prior to the Extended Due for Payment Date) or, where applicable, after the Final Maturity Date, such other amount of interest as may be specified in the applicable Final Terms Document less any additional amounts the Issuer would be obliged to pay as a result of any gross-up in respect of any withholding or deduction made under the circumstances set out in Condition 7 (Taxation) of the Programme Conditions and Condition 6 (Taxation) of the N Covered Bond Conditions;
Examples of Scheduled Interest in a sentence
Loan Modifications (Pertains only to loans modified for loss mitigation purposes) Numeric – Decimal 12000 9(10).99 Modified Loans Only >= 0 149 Pre-Modification Interest (Note) Rate Scheduled Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date.
General Information Numeric – Integer 2 99 Always See Coding 1 = Scheduled Interest, Scheduled Principal 2 = Actual Interest, Actual Principal 3 = Scheduled Interest, Actual Principal 99 = Unknown 5 Originator The MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral.
If any Basic Rent is required hereunder on a day that is not a Business Day, then such Basic Rent shall be due on the corresponding Scheduled Interest Payment Date.
No Receivable has been amended or otherwise modified such that the total number of the Obligor's Scheduled Payments (in the case of a Scheduled Interest Receivable) or the number of originally scheduled due dates (in the case of a Simple Interest Receivable) is increased or such that the Amount Financed is increased.
Interest Funds Available Scheduled Fees Scheduled Interest Servicing Fee / Sub-Servicing Fee Prepayment Interest Shortfall CREFC® Intellectual Property Royalty License Fee Interest Adjustments Trustee Fee / Certificate Administrator Fee Realized Loss in Excess of Principal Balance Operating Advisor Fee Total Interest Funds Available: Total Scheduled Fees: Additional Fees, Expenses, etc.
More Definitions of Scheduled Interest
Scheduled Interest means scheduled interest on the Public Bonds payable at the Bond Interest Rate on each Bond Interest Payment Date (excluding, for the avoidance of doubt, default interest (if any)).
Scheduled Interest means, in respect of a Series, any amount of scheduled interest payable (i) under the Covered Bonds as specified in Condition 5 (but excluding (a) any additional amounts relating to premiums, default interest or interest upon interest payable by the Issuer following an Issuer Event of Default and (b) any additional amounts the Issuer would be obliged to pay as a result of any gross-up in respect of any withholding or deduction made under the circumstances set out in Condition 8), for this purpose disregarding any Excess Proceeds received by the Security Trustee on account of scheduled interest and on-paid to the CBC in accordance with the Trust Deed, or (ii) under the Guarantee as specified in Condition 3(b).
Scheduled Interest means interest payable by the Issuer to the Holders or to the Bond Trustee for the benefit of the Holders under the Guaranteed Bonds as specified and calculated in accordance with the Guaranteed Bonds (as may be adjusted in accordance with the terms of the Guaranteed Bonds, but disregarding any default interest, any indemnity payments or any prepayment or early redemption penalties), together (to the extent applicable) with any gross-up amounts payable by the Issuer to the Holders or to the Bond Trustee for the benefit of the Holders in accordance with the terms of the Guaranteed Bonds.
Scheduled Interest means, in respect of a Scheduled Payment Date, the amount of scheduled interest on the Guaranteed Bonds then payable in accordance with the original terms of the relevant Conditions, (i) without regard to any amendment or modification of such terms made after the date of this Financial Guarantee other than any amendment or modification of such terms made in accordance with the provisions of the Bond Trust Deed and (ii) after giving effect to each amount of principal repaid or prepaid by the Issuer pursuant to the relevant Conditions or otherwise paid following enforcement in accordance with Condition 11(d) (Consequences of the delivery of a Bond Enforcement Notice);
Scheduled Interest means an amount equal to the amount in respect of interest which would have been due and payable under the Covered Bonds on each CB Payment Date as specified in the Conditions and the applicable Final Terms falling on or after service of a Notice to Pay on the Guarantor (but excluding any additional amounts relating to premiums, default interest or interest upon interest: the “Excluded Scheduled Interest Amounts”) payable by the Issuer following an Issuer Event of Default, but including such Excluded Scheduled Interest Amounts (whenever the same arose) following service of an Acceleration Notice if the Covered Bonds had not become due and repayable prior to their Maturity Date or Extended Maturity Date (if so specified in the relevant Final Terms) or where applicable, after the Maturity Date such other amounts of interest as may be specified in the relevant Final Terms, less any additional amounts the Issuer would be obliged to pay as result of any gross-up in respect of any withholding or deduction made under the circumstances set out in the Conditions.
Scheduled Interest means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of such Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);
Scheduled Interest means interest payable by the Issuer to the Bondholders or to the Bond Trustee for the benefit of the Bondholders under the Guaranteed Bonds as specified and calculated in accordance with the Guaranteed Bonds (as may be adjusted in accordance with the terms of the Guaranteed Bonds, but excluding any amendments that are not approved by the Guarantor in writing and disregarding any default interest, any indemnity payments or any prepayment or early redemption penalties).