Computed Interest definition

Computed Interest means interest, compounded monthly, at a rate per annum equal to twelve percent (12%), but in no event greater than the maximum rate of interest allowed by Law.
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Computed Interest means simple interest of ten percent (10%) per ------------------- annum using a three hundred sixty-five (365) Day year.
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Computed Interest means simple interest at a rate per annum equal to five percent (5%), but in no event greater than the maximum rate of interest allowed by Law. If the Performance Deposit becomes due in accordance with Article 17.2 but is not paid on the date when due, commencing on the next calendar day, “Computed Interest” means interest, compounded monthly, at a rate per annum equal to twelve percent (12%), but in no event greater than the maximum rate of interest allowed by Law. If the Performance Deposit is not paid in accordance with Article 2.4 when due, commencing on the next calendar day, “Computed Interest” means interest, compounded monthly, at a rate per annum equal to twelve percent (12%), but in no event greater than the maximum rate of interest allowed by Law.
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Examples of Computed Interest in a sentence

  • If Closing does not occur, Seller shall on the earlier of (i) November 3, 2010 or (ii) within three (3) Business Days after termination of this Agreement, refund the Performance Deposit together with Computed Interest thereon through the end of the Day immediately preceding the date of such refund to Buyer unless Closing did not occur because of Buyer’s material breach of this 50 Agreement or Buyer’s failure or refusal to Close that is not permitted by the terms of this Agreement.

  • See IRM 4.19.3.16.10, Manually Computed Interest for the CP 2000, for additional instructions.NOTE: Use a non restricting TC 340, whenever possible.

  • November 3, 2010 or (ii) within three (3) Business Days after termination of this Agreement, refund to Buyer an amount equal to (i) the Performance Deposit together with Computed Interest thereon through the end of the Day immediately preceding the date of such refund minus (ii) an amount equal to five percent (5%) of the Purchase Price together with Computed Interest thereon from July 30, 2010 through the end of the Day immediately preceding the date of such refund (the “ Reverse Breakup Fee”).

  • If this Agreement is terminated by the mutual written agreement of Buyer and Seller or terminated in any other situation other than as described in Section 10.03(a), then Seller shall return the Deposit with Computed Interest to Buyer in immediately available funds within three (3) Business Days after the event giving rise to such payment to Buyer.

  • The interest chargeable to Revenue Accounts, thus, comes as under: Computed Interest (as referred in paragraph 6.8(a)(i) above.


More Definitions of Computed Interest

Computed Interest means the lesser of (a) simple interest at a rate of 5.25% per annum or (b) the maximum simple rate of interest allowed by applicable law.
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Computed Interest means simple interest at a rate per annum equal to five percent (5%), but in no event greater than the maximum rate of interest allowed by Law. If the Performance Deposit becomes due in accordance with Article 17.2 but is not paid on the date when due, commencing on the next calendar day, “Computed Interest” means interest, compounded monthly, at a rate per annum equal to twelve percent (12%), but in no event greater than the maximum rate of interest allowed by Law. If the Performance Deposit is not paid in accordance with
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Computed Interest means interest at a rate equal to LIBOR, calculated daily.
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Computed Interest means simple interest of ten percent (10%) per annum using a three hundred sixty-five (365) Day year.
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Computed Interest means simple interest at a rate per annum equal to (i) four and one-quarter percent (4.25%) for any period through and including February 28, 2003 and (ii) one and four-tenths percent (1.4%) for any period after February 28, 2003, but in no event greater than the maximum rate of interest allowed by applicable Law.
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Related to Computed Interest

  • Imputed Interest means any interest imputed under Section 1272, 1274 or 483 or other provision of the Code and any similar provision of state and local tax law with respect to the Corporate Taxpayer’s payment obligations under this Agreement.

  • REO Imputed Interest As to any REO Property, for any calendar month during which such REO Property was at any time part of REMIC I, one month's interest at the applicable Net Mortgage Rate on the Stated Principal Balance of such REO Property (or, in the case of the first such calendar month, of the related Mortgage Loan, if appropriate) as of the close of business on the Distribution Date in such calendar month.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • registered interest means an international interest, a registrable non-consensual right or interest or a national interest specified in a notice of a national interest registered pursuant to Chapter V;

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

  • Vested Interest means a Participant’s nonforfeitable interest in his or her Account, determined in accordance with Article V.

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

  • Accreted Interest Interest accrued on a Loan that is added to the principal amount of such Loan instead of being paid as it accrues.

  • related interest means (1) a company (other than an insured bank or a foreign bank) that is controlled by an executive officer, director, or principal shareholder or (2) a political or campaign committee that is controlled by or the funds or services of which will benefit an executive officer, director, or principal shareholder. See Section 215.11(a)(2) of

  • Net Deferred Interest With respect to each Loan Group and any Distribution Date, the greater of (i) the excess, if any, of the Deferred Interest for the related Due Date over the aggregate amount of any principal prepayments in part or in full received during the related Prepayment Period and (ii) zero.

  • Offered Interest has the meaning set forth in Section 11.2.1.

  • Net Interest means interest earned on a prearranged

  • Capital Interest means the proportion that a Member's positive Capital Account bears to the aggregate positive Capital Accounts of all Members whose Capital Accounts have positive balances as may be adjusted from time to time.

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Required Interest shall have the meaning specified in the Standard Terms.

  • Uncollected Interest With respect to any Distribution Date for any Mortgage Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such Mortgage Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.

  • Earned Interest means the interest and other income actually received or credited on the investment of the Escrowed Funds between the date hereof and the earlier to occur of the Acquisition Closing Date and the Termination Date.

  • Allocated interests means the following interests allocated to each unit:

  • Purchased Interest means, at any time, the undivided percentage ownership interest of the Purchasers in: (a) each and every Pool Receivable now existing or hereafter arising, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Such undivided percentage ownership interest shall be computed as:

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

  • Affiliated interest means a person or corporation as defined in RCW 80.16.010.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

  • Combined Interest has the meaning assigned to such term in Section 11.3(a).

  • Contributed Interests has the meaning set forth in the recitals.