Common use of Transfer of Interest Amount Clause in Contracts

Transfer of Interest Amount. The transfer of the Interest Amount will be made on the first Local Business Day following the end of each calendar month, provided that: (1) Party B has earned and received such amount of interest, and (2) a Delivery Amount would not arise as a result of, or if already existing, would not be increased by, such transfer on such date or on any other Local Business Day on which Equivalent Credit Support is to be transferred to the Transferor pursuant to Paragraph 2(b).

Appears in 14 contracts

Samples: Master Agreement, Master Agreement (Permanent Funding (No. 2) LTD), Master Agreement (Permanent Funding (No. 2) LTD)

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Transfer of Interest Amount. The transfer of the Interest Amount will be made on the first Local Business Day following the end of each calendar month, provided that: (1) month to the extent that Party B has earned and received such amount of interest, interest and (2) that a Delivery Amount would not arise as a result ofbe created or increased by that transfer, or if already existing, would not be increased by, such transfer on such date or and on any other Local Business Day on which Equivalent Credit Support is to be transferred to the Transferor pursuant to Paragraph 2(b), provided that Party B shall only be obliged to transfer any Interest Amount to Party A to the extent that it has received such amount.

Appears in 10 contracts

Samples: Master Agreement (Holmes Master Issuer), Master Agreement (Holmes Funding LTD), Isda Master Agreement (Holmes Master Issuer)

Transfer of Interest Amount. The transfer of the Interest Amount will be made on the first Local Business Day following the end of each calendar month, provided that: (1) month to the extent that Party B has earned and received such amount of interest, interest and (2) that a Delivery Amount would not arise as a result ofbe created or increased by that transfer, or if already existing, would not be increased by, such transfer on such date or and on any other Local Business Day on which Equivalent Credit Support is to be transferred to the Transferor pursuant to Paragraph 2(b)2.2, provided that Party B shall only be obliged to transfer any Interest Amount to Party A to the extent that it has received such amount.

Appears in 8 contracts

Samples: Isda Master Agreement (Holmes Master Issuer), Master Agreement (Holmes Master Issuer), Master Agreement (Holmes Master Issuer)

Transfer of Interest Amount. The transfer of the Interest Amount will be made on the first Local Business Day following the end of each calendar month, provided that: (1) Party B has earned and received such amount of interest, and (2) a Delivery Amount would not arise as a result of, or if already existing, would not be increased by, such transfer on such date or on any other Local Business Day on which Equivalent Credit Support is to be transferred to the Transferor pursuant to Paragraph 2(b).and

Appears in 7 contracts

Samples: Isda Master Agreement, Master Agreement, Master Agreement

Transfer of Interest Amount. The transfer of the Interest Amount will be made on the first Local Business Day following the end of each calendar monthmonth in which it is received or, if that date is not a Valuation Date, the next following Valuation Date provided that: that (1I) Party B has earned and received such amount of interest, interest and (2II) the Valuation Agent has confirmed in writing that a Delivery Amount would not arise as a result of, be created or if already existing, would not be increased by, such transfer on such date or on any other Local Business Day on which Equivalent Credit Support is to be transferred to the Transferor pursuant to Paragraph 2(b)by that transfer.

Appears in 4 contracts

Samples: Master Agreement, www.santander.co.uk, www.santander.co.uk

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Transfer of Interest Amount. The transfer of the Interest Amount will be made on the first Local Business Day following the end of each calendar month, provided that: (1) Party B has earned and received such amount of interest, and (2) the Transferee shall only be obliged to transfer an Interest Amount to the extent that the Valuation Agent has confirmed in writing that a Delivery Amount would not arise as a result of, or if already existing, would not be increased by, such transfer on such date or on any other Local Business Day on which Equivalent Credit Support is to be transferred to the Transferor pursuant to Paragraph 2(b)transfer.

Appears in 1 contract

Samples: Master Agreement

Transfer of Interest Amount. The transfer of the Interest Amount will be made on the first Local Business Day following the end of each calendar month, provided that: (1) to the extent that Party B has earned and received such amount of interest, interest and (2) that a Delivery Amount would not arise be created or increased as a result of, or if already existing, would not be increased by, of such transfer on such date or on any other Local Business Day on which Equivalent Credit Support is to be transferred to the Transferor pursuant to Paragraph 2(b)transfer.

Appears in 1 contract

Samples: Master Agreement (Permanent Master Issuer PLC)

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