Semiannual Interest definition

Semiannual Interest has the meaning specified in Section 2.01(c)(iv).
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Semiannual Interest has the meaning specified in Section 2.02(g)(iv).
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Semiannual Interest. Payments at the Company's Option. From and after the date of the occurrence of a Tax Event, the Company will have the option to elect to have interest in lieu of future Original Issue Discount accrue at 2.50% per year on a restated principal amount per Security and to pay such interest in cash. The "restated principal amount" of a Security will be equal to the Issue Price plus Original Issue Discount accrued to the date of the Tax Event or the date on which the Company exercises the option described herein, whichever is later (the "Option Exercise Date"). Such interest shall accrue from the Option Exercise Date and will be payable semiannually on interest payment dates of February 13 and August 13 of each year to Holders of record at the close of business on February 1 or August 1 immediately preceding the interest payment date. Interest will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date. In the event that the Company exercises its option to pay interest, the Redemption Price, Purchase Price and Change in Control Purchase Price will be adjusted to reflect the restated principal amount.
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Examples of Semiannual Interest in a sentence

  • Semi-annual Interest Tranche A-1 Interest Payment $_____________ Tranche A-2 Interest Payment $_____________ Tranche A-3 Interest Payment $_____________ ii.

  • Semi-annual Interest Tranche A-1 Interest Payment $_____________ Tranche A-2 Interest Payment $_____________ ii.

  • Semiannual Interest (including any past-due Semiannual Interest for prior periods) AggregatePer 1,000of Original Principal Amount 1.

  • In the event any Semi-annual Interest Payment Date falls on a day that is not a Business Day, the interest payment due on that date will be postponed to the next day that is a Business Day and no interest shall accrue as a result of such postponement.

  • Semi-annual Interest Tranche A-1 Interest Payment $ - Tranche A-2 Interest Payment - Tranche A-3 Interest Payment - Tranche A-4 Interest Payment - Tranche A-5 Interest Payment - ii.

  • The Issuers may make a one-time Semiannual Interest Payment Election at any time prior to the beginning of the interest period that begins immediately prior to the Stated Maturity of this Note by delivering a written notice to the Trustee and the Holders.

  • The interest rate that will be paid for a particular interest period (other than the First Interest Period) (meaning, the period that begins on the first day after the end of the interest period immediately prior and ending on the interest payment day immediately after the commencement date) will be calculated as the yearly interest rate divided by two (hereinafter: the "Semiannual Interest Rate").

  • Semi-annual Interest Rate Adjustment Cap (approximate) (5) 1.069% 5 / 25 Adjustable Rate Loans (8) Percentage of Aggregate Outstanding Group II Principal Loan Balance 0.40% Wtd.

  • Payment Date Semi-annual Interest Payment Date Semi-annual Interest ------------ -------------------- ------------ -------------------- December 15, 2010................

  • The amount of Interest payable on any Fixed Rate Semiannual Interest Payment Date will be computed on the basis of a 360–day year consisting of twelve 30–day months, provided that the amount of Interest payable for any period during the Fixed Rate Period that is shorter than a full Fixed Rate Semiannual Interest Period will be computed on the basis of the actual number of days elapsed during such period, using 30-day months.

Related to Semiannual Interest

  • 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%.

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

  • Special Interest Payment Date has the meaning ascribed to it in Section 2.11 hereof.

  • Compounded Interest shall have the meaning set forth in Section 4.1.

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

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

  • 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).

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

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

  • 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.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • 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.

  • 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.

  • Scheduled Interest Payment Date means (a) as to any Eurodollar Loan or Eurodollar Holder Advance, the last day of the Interest Period applicable to such Eurodollar Loan or Eurodollar Holder Advance (or respecting any Eurodollar Loan or Eurodollar Holder Advance having an Interest Period of six (6) months, the three (3) month anniversary of such Interest Period), (b) as to any ABR Loan or any ABR Holder Advance, the fifteenth day of each month, unless such day is not a Business Day and in such case on the next occurring Business Day and (c) as to all Loans and Holder Advances, the date of any voluntary or involuntary payment, prepayment, return or redemption, and the Maturity Date or the Expiration Date, as the case may be.

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • 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.

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

  • Redemption Payment Date As defined in Section 13.1.

  • 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.

  • Cash Interest means interest paid in the form of cash.

  • Scheduled Interest Payment means the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

  • Interest Payments With respect to any Purchased Asset, all payments of interest, income, receipts, dividends, and any other collections and distributions received from time to time in connection with any such Purchased Asset.

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • Interest Payment Dates shall have the meaning set forth in paragraph 1 of each Note.

  • Additional Interest means all amounts, if any, payable pursuant to Section 4.06(d), Section 4.06(e) and Section 6.03, as applicable.