Sterling Interest Proceeds definition

Sterling Interest Proceeds means with respect to any Due Period (without duplication) the sum of:
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Sterling Interest Proceeds means Interest Proceeds denominated in Sterling.
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Examples of Sterling Interest Proceeds in a sentence

  • Any determination of the aggregate amount of Sterling Interest Proceeds with respect to any day during a Due Period will include all Sterling Interest Proceeds received by the Issuer from and including the first day of the related Due Period to and including such date of determination and amounts of Sterling Interest Proceeds in respect of a Due Period shall be determined so that amounts already included in respect of a prior Due Period are not included more than once.

  • For the purposes of calculating any Interest Coverage Amount, (i) the expected or scheduled interest income on Floating Rate Collateral Debt Obligations and Eligible Investments and the expected or scheduled interest payable on any Class of Floating Rate Notes and on any relevant Account shall be calculated using then current interest rates applicable thereto; and (ii) the amount of any Dollar Interest Proceeds or any Sterling Interest Proceeds shall be converted into Euro at the Applicable Exchange Rate.

Related to Sterling Interest Proceeds

  • Principal Proceeds means, with respect to any Collection Period or the related Determination Date, all amounts received by the Borrower during such Collection Period that do not constitute Interest Proceeds, including unapplied proceeds of the Advances and any Cash equity contributions (unless specified by the Collateral Manager to constitute Interest Proceeds in accordance with Section 10.05).

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.

  • Net Liquidation Proceeds With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property (including REO Property) the related Liquidation Proceeds net of Advances, Servicing Advances, Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.

  • Dollar-Denominated Production Payments means production payment obligations recorded as liabilities in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Interest Swap Obligations means the obligations of any Person pursuant to any arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.