Interest Payable Amount definition

Interest Payable Amount means the amount apportioned to each Bond calculated by dividing the adjusted distributable amount, which will be the distributable amount under the Companies Act as of the interest payment date less the total amount of dividends and interest of the Bonds, the Parity Securities and the Junior Securities paid during the period from the beginning of the fiscal year in which such interest payment date falls to the day immediately preceding such interest payment date, on a pro rata basis among the total amount of the interest payable on the Bonds and the total amount of dividends and interest payable on the same interest payment date on its preferred stock which ranks the most senior as to dividend payments as well as the Parity Securities.
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Interest Payable Amount means, in respect of any Interest Payment Date, the product of the Adjusted Distributable Amounts (as defined below) on such Interest Payment Date and a ratio, the numerator of which is the aggregate amount of interest (including Additional Amounts with respect thereto, if any) that should have been paid on the Securities on such Interest Payment Date, and the denominator of which is the aggregate amount of interest (including Additional Amounts with respect thereto, if any) that should have been paid on the Securities on such Interest Payment Date and dividends or interest (including any amounts with respect thereto substantially similar to Additional Amounts, if any) that should have been paid in respect of any Senior Dividend Preferred Shares (as defined below) and any Parity Securities (as defined below) on the same date as such Interest Payment Date (rounding any amount less than a whole cent down to the nearest whole cent).
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Interest Payable Amount shall have the meaning set forth in Section 3.11.
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Examples of Interest Payable Amount in a sentence

  • SCHEDULE A PART I INTEREST PAYMENTS Interest Payment Date Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Note Issuance Trust 1.

  • The Company may cancel any payment of all or part of interest pursuant to the foregoing, even if no cancellation of interest is required or the amount so cancelled exceeds the amount the Company is required to cancel due to the Interest Payable Amount Limitation, as described below under Section 3.11.

  • SCHEDULE ONE* INTEREST PAYMENTS Interest Payment Date Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Issuer Second [continue numbering until the appropriate number of interest payment dates for the particular Series of Notes is reached.] * Schedule One should be completed where the Final Terms indicate that this Temporary Global Note is not intended to be a New Global Note.

  • Schedule One* PART I INTEREST PAYMENTS Date made Total amount of Interest Payable Amount of interest paid Confirmation of payment on behalf of the Issuer * Schedule One should only be completed where the Final Terms indicates that this Global Note is not intended to be a New Global Note.

  • SCHEDULE ONE* INTEREST PAYMENTS Interest Payment Date Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Issuer First Second [continue numbering until the appropriate number of interest payment dates for the particular Series of Notes is reached.] * Schedule One should be completed where the Final Terms indicate that this Temporary Global Note is not intended to be a New Global Note.

  • SCHEDULE ONE* INTEREST PAYMENTS Interest Payment Date Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Issuer First Second [continue numbering until the appropriate number of interest payment dates for the particular Series of Notes is reached.] * Schedule Two should only be completed where the Final Terms indicates that this Temporary Global Note is not intended to be a New Global Note.

  • Schedule 1 to the Permanent Global Note PART I INTEREST PAYMENTS Interest Payment Date Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Issuer *First * Continue numbering until the appropriate number of interest payment dates for the particular Tranche of Notes is reached.

  • Notwithstanding the provisions of this paragraph, after the Borrower has paid an amount of interest in cash equal to the Cash Interest Payable Amount, the Borrower shall be permitted, at its option, to pay the remaining interest then due in respect of any Interest Period in kind (at the rate provided for in the first paragraph of this Section 2.1(e)(iii) for such interest).

  • Schedule 235 PART 1 INTEREST PAYMENTS Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Bank (Continue numbering until the appropriate number of Interest Payment Dates for this Note is reached) 35Applicable only for a Series of Notes issued in CGN form.

  • SCHEDULE ONE* INTEREST PAYMENTS Interest Payment Date Date of Payment Total Amount of Interest Payable Amount of Interest Paid Confirmation of payment by or on behalf of the Issuer Second [continue numbering until the appropriate number of interest payment dates for the particular Series of Notes is reached.] ______________ * Schedule One should be completed where the Final Terms indicate that this Temporary Global Note is not intended to be a New Global Note.


More Definitions of Interest Payable Amount

Interest Payable Amount means, in respect of any interest payment date, the product of the Adjusted Distributable Amounts (as defined below) on such interest payment date and a ratio, the numerator of which is the amount of interest (including Additional Amounts with respect thereto, if any) that should have been paid on the Securities on such interest payment date, and the denominator of which is the aggregate amount of interest (including Additional Amounts with respect thereto, if any) that should have been paid on the Securities on such interest payment date and dividends or interest (including any amounts with respect thereto substantially similar to Additional Amounts, if any) that should have been paid in respect of any Senior Dividend Preferred Shares (as defined below) and any Parity Securities (as defined below) on the same date as such interest payment date (rounding any amount less than a whole cent down to the nearest whole cent).
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Interest Payable Amount means, with respect to any Payment Date, the sum of the Class [A-4] Noteholders' Monthly Accrued Interest for such Payment Date and the Class [A-4] Noteholders' Interest Carryover Shortfall for such Payment Date.
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Interest Payable Amount means, in respect of any interest payment date, the product of the Adjusted Distributable Amounts on such interest payment date and a ratio, the numerator of which is the aggregate amount of interest (including the Additional Amounts with respect thereto, if any) that should have been paid on the relevant series of Securities on such interest payment date, and the denominator of which is the aggregate amount of interest (including the Additional Amounts with respect thereto, if any) that should have been paid on the relevant series of Securities on such interest payment date and dividends or interest (including any amounts with respect thereto substantially similar to the Additional Amounts, if any) that should have been paid in respect of any Senior Dividend Preferred Shares and any Parity Securities on the same date as such interest payment date (rounding any amount less than a whole cent down to the nearest whole cent).
Sample 1

Related to Interest Payable Amount

  • Interest Payable means in respect of the relevant Measurement Period ending on any Measurement Date, the aggregate of:

  • 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.

  • Fixed Rate Interest Payment Date has the meaning set forth in clause (d) of Section 2.01 of this Supplemental Indenture.

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

  • 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.

  • Extended Interest Payment Period shall have the meaning set forth in Section 4.1.

  • 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 means, in respect of an interest payment on an Interest Payment Date, the amount of interest payable on the presentation and surrender of the relevant Coupon for the relevant Interest Period in accordance with Condition 4 (Interest Payments);

  • LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the Termination Date and the last day of each Interest Period applicable to such Loan or, with respect to each Interest Period of greater than three months in duration, the last day of the third month of such Interest Period and the last day of such Interest Period.

  • Interest Payment Dates July 1, October 1, January 1 and April 1. Record Dates: June 15, September 15, December 15 and March 15. Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

  • 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;

  • 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.

  • Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.

  • 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).

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

  • 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.

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

  • Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date and any Class of Notes, interest accrued at the respective Interest Rate during the applicable Interest Period on the principal amount of the Notes of such Class outstanding as of the end of the prior Distribution Date (or, in the case of the first Distribution Date, as of the Closing Date), calculated (x) for the Class A-1 Notes and the Class A-2-B Notes on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period and (y) for all other Classes of Notes on the basis of a 360-day year consisting of twelve 30-day months (without adjustment for the actual number of business days elapsed in the applicable Interest Period), except with respect to the first Interest Period.

  • Class B Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.

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

  • Aggregate Class C Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class C Notes as of such Distribution Date and (ii) the Class C Interest Carryover Shortfall as of the close of the preceding Distribution Date.