Substitute Interest definition

Substitute Interest means a substitute interest payment described in §1.861-2(a)(7).
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Substitute Interest means the interest payable in the event of default as more particularly set out in Clause 2.2(a). 2.2 (g) and 5.3(b) hereto.
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Substitute Interest means any shares or stock or instruments convertible into shares, stock or cash proceeds that are issued to NMS in exchange for, or in connection with, the sale or redemption of the Shares (as defined in clause 5.1 below).
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Examples of Substitute Interest in a sentence

  • Accordingly, for 1967 M’s entire income of $50,000 from sources within the United States is subject to tax, after allowance of deductions, in accordance with section 882(a)(1) and paragraph (b)(2) of§ 1.882–1.(c) Substitute interest and dividend payments.

  • Accordingly, for 1967 M’s entire income of $50,000 from sources within the United States is subject to tax, after allowance of deductions, in accordance with section 882(a)(1) and paragraph (b)(2) of§ 1.882–1.(c)(1) Substitute interest and dividend payments.

  • Substitute interest rate into RRi (Islamic Rental Rate) to eliminate the element of Maysir/Gambling, Gharar/Uncertainty, Riba/Usury.b. Propose a pricing model or a comprehensive structure of rental rate which includes risk premium, over-head expenses and profit margin.

  • If a holder of a contingent payment debt instrument subject to § 1.1275–4(b), a nonfunctional currency contingent payment debt instrument subject to§ 1.988–6, or an inflation-indexed debt instrument subject to § 1.1275–7recognizes an ordinary loss on the debt instrument in accordance with the rules in § 1.1275–4(b), § 1.988–6(b)(2), or§ 1.1275–7(f), whichever is applicable, the ordinary loss is treated as interest expense of the holder.(C) Substitute interest payments.

  • If a holder of a contingent payment debt instrument subject to § 1.1275–4(b), a nonfunctional currency contingent payment debt instrument subject to§ 1.988–6, or an inflation-indexed debt instrument subject to § 1.1275–7 recognizes an ordinary loss on the debt instrument in accordance with the rules in § 1.1275–4(b), § 1.988–6(b)(2), or§ 1.1275–7(f), whichever is applicable, the ordinary loss is treated as interest expense of the holder.(C) Substitute interest payments.

  • Substitute interest and dividends are included in the calculation of net investment income.

  • Substitute interest payments made by a foreign person that are U.S. source interest under the final regulations must satisfy the statement requirement of section 871(h)(5) to qualify as portfolio interest.

Related to Substitute Interest

  • Note Interest for any Class of Notes and Payment Date means interest for the related Interest Period at the applicable Note Rate on the related Note Principal Balance as of the first day of the Interest Period (after giving effect to the distributions made on the first day of the Interest Period).

  • Private interest means an interest held by an individual that is:

  • Lower Tier Interest As described in the Preliminary Statement.

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Base Interest means the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement.

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • Class E Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Accrued Class D Note Interest means, with respect to any Payment Date, the sum of the Class D Noteholders’ Monthly Accrued Interest for such Payment Date and the Class D Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Legitimate Interest means the interest of our business in conducting and managing our business to enable us to give you the best service/product and the best and most secure experience. We make sure we consider and balance any potential impact on you (both positive and negative) and your rights before we process your personal data for our legitimate interests. We do not use your personal data for activities where our interests are overridden by the impact on you (unless we have your consent or are otherwise required or permitted to by law). You can obtain further information about how we assess our legitimate interests against any potential impact on you in respect of specific activities by contacting us.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Substitution Amount The amount, if any, by which the Scheduled Principal Balance of a Deleted Mortgage Loan exceeds the Scheduled Principal Balance of the related Qualifying Substitute Mortgage Loan, or aggregate Scheduled Principal Balance, if applicable, plus unpaid interest thereon, any related unpaid Advances or Servicing Advances or unpaid Servicing Fees and the amount of any costs and damages incurred by the Trust Fund associated with a violation of any applicable federal, state or local predatory or abusive lending law in connection with the origination of such Deleted Mortgage Loan.

  • Class C Additional Interest is defined in Section 4.1(c).

  • Note Interest Shortfall means, for a Class and a Payment Date, an amount equal to the excess, if any, of the Accrued Note Interest for the prior Payment Date for the Class over the amount of interest that was paid to the Noteholders of that Class on the prior Payment Date, together with interest on the excess amount, to the extent lawful, at the Note Interest Rate for the Class for that Interest Period.

  • Accrued Class C Note Interest means, with respect to any Payment Date, the sum of the Class C Noteholders’ Monthly Accrued Interest for such Payment Date and the Class C Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.