Synthetic Interest definition

Synthetic Interest means any Synthetic Long Interest or Synthetic Short Interest;
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Examples of Synthetic Interest in a sentence

  • The synthetic assets are the bonds.”) with Ex. O at 43:15-24 (“The synthetic assets were the CDS that CIBC had on those reference obligations Altius III and Altius IV.”).Finally, CIBC told this Court that Synthetic Interest for Altius IV is based on Altius IV Individual RONA.

  • Vi ønsker i dette projekt at finde en tilgang til vores genstandsfelt, der hverken ligger sig helt op ad den strukturdeterministiske eller den aktørorienterede tilgang.

  • Building Local Community Resil- ience for the Sustainable Development of Watersheds in South Eastern Europe (CRESSIDA).

  • Cerberus noted that, after liquidation, CIBC would continue to owe Synthetic LIBOR (and Synthetic Interest) on the Relevant Notional Amount of the Altius IV Swaps, which was frozen through 2042.Contrary to its post-litigation purported “understandings,” CIBC did not respond that its Synthetic LIBOR payment obligations were based on the unpaid principal balance of the Altius IV bonds or were limited to the bonds’ cashflows.

  • Synthetic Interest was “calculated in accordance with the column entitled ‘Interest Proceeds’ in the Synthetic Asset Payment Schedule,” (PX-0005.0015), which defined Altius IV “Interest Proceeds” as “Fixed Payments [as defined in the Swaps] due and payable plus any Collections” (PX-0005.0043).

  • Under the first, if the underlying bonds did not pay interest, CIBC still must pay Synthetic Interest and Synthetic LIBOR based on the bonds’ unpaid principal balance.

  • Here, taken as a whole, the overarching purpose and intent of the B Certificate was to follow form from the A Note with respect to the calculation of monthly payments, including Synthetic Interest and LIBOR.

  • Synthetic Interest based on a frozen Altius IV Relevant Notional Amount (PX-2005 ¶58).

  • Successful Bidder (s) will be required to submit complete bill along with copies of required documents to Budget Branch of Sindh High Court for forwarding the same to Accountant General Sindh, Karachi.

  • The A Note bore a twenty percent interest rate, (PX-0005.0005), and obligated CIBC to pay Cerberus four payment streams: cashflows on Cash Assets, Synthetic Principal, Synthetic LIBOR, and Synthetic Interest (PX-0005.0017-0018).

Related to Synthetic Interest

  • Synthetic Debt means, with respect to any Person as of any date of determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest transactions that function primarily as a borrowing) but are not otherwise included in the definition of “Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP.

  • Synthetic Long Position means any option, warrant, convertible security, stock appreciation right or other contractual right, whether or not presently exercisable, which has an exercise or conversion privilege or a settlement payment or mechanism at a price related to Common Stock or a value determined in whole or part with reference to, or derived in whole or in part from, the market price or value of Common Stock, whether or not such right is subject to settlement in whole or in part in Common Stock, and which increases in value as the value of Common Stock increases or which provides to the holder of such right an opportunity, directly or indirectly, to profit or share in any profit derived from any increase in the value of Common Stock, but shall not include:

  • Synthetic Lease means, at any time, any lease (including leases that may be terminated by the lessee at any time) of any property (a) that is accounted for as an operating lease under GAAP and (b) in respect of which the lessee retains or obtains ownership of the property so leased for U.S. federal income tax purposes, other than any such lease under which such Person is the lessor.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Synthetic Lease Obligation means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

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

  • Synthetic Lease Obligations means, as to any person, an amount equal to the capitalized amount of the remaining lease payments under any Synthetic Lease that would appear on a balance sheet of such person in accordance with GAAP if such obligations were accounted for as Capital Lease Obligations.

  • Participation Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

  • Synthetic Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, treated as operating leases on the financial statements of the Person liable (whether contingently or otherwise) for the payment of rent thereunder and which were properly treated as indebtedness for borrowed money for purposes of U.S. federal income taxes, if the lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of, 80% of the residual value of the Property subject to such operating lease upon expiration or early termination of such lease.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

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

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

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

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

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).

  • Water interest means any right to the beneficial use of water, including:

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

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

  • Asset Interest is defined in Section 2.1(b).

  • Participating Interest is defined in Section 1.2(d) hereof.

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.