Accrued Interest Factor has the meaning set forth in clause (d)(2) of Section 2.02 of this Supplemental Indenture.
Accrued Interest Factor will be equal to the sum of the interest factors calculated for each day in the period for which interest is being paid. The interest factor for each day is equal to the interest rate applicable to that day divided by 360. The interest rate in effect on any Floating Rate Interest Reset Date (as defined below) will be the applicable rate as reset on that date. The interest rate applicable to any other day is the interest rate from the immediately preceding Floating Rate Interest Reset Date, or, if none, the Initial Floating Interest Rate;
Accrued Interest Factor means the amount of accrued interest that the Company will pay for any interest period, which shall be calculated by multiplying the face amount of the Notes then outstanding by such Accrued Interest Factor. The Accrued Interest Factor is computed by adding the interest factor calculated for each day from the Issue Date, or from the last date for which the Company paid interest to the holders of the Notes to the date for which accrued interest is being calculated. The interest factor for each day is computed by dividing the interest rate applicable to that day by 360. If an interest payment date for the Notes falls on a day that is not a Business Day, the interest payment date shall be postponed to the next succeeding Business Day unless such next succeeding Business Day would be in the following month, in which case, the interest payment date shall be the immediately preceding Business Day.
Examples of Accrued Interest Factor in a sentence
This Accrued Interest Factor is the sum of the interest factors calculated for each day from the Original Issue Date or from the last date to which interest has been paid or duly provided for to the date for which accrued interest is being calculated.
The amount of accrued interest that the Company will pay for any Interest Period shall be calculated by the Calculation Agent by multiplying the face amount of the Securities then outstanding by an Accrued Interest Factor.
The determinations of the Accrued Interest Factor made by the paying agent shall be conclusive and binding.
The Paying Agent will determine the Accrued Interest Factor applicable to this Note.
The Accrued Interest Factor for each day shall be computed by dividing the per annum interest rate applicable to such day by 360.
More Definitions of Accrued Interest Factor
Accrued Interest Factor. The term "
Accrued Interest Factor at any Interest Payment Date for a Floating Rate Note shall mean the sum of the Interest Factors for such Floating Rate Note calculated for each day in the Interest Reset Period for such Note ending on such Interest Payment Date or the prior Record Date, as the case may be. AMORTIZED FACE AMOUNT:
Accrued Interest Factor means, for any given day and any given Tranche, the number calculated by dividing the interest having accrued through the day immediately prior to such day by the Outstanding Bond balance for the related period and rounding the result to nine decimal places.
Accrued Interest Factor shall have the meaning set forth in Section 204(b).
Accrued Interest Factor means the sum of the Interest Factor calculated for each day from the Issue Date, or from the last date for which the Company paid interest to the Holders of the Notes, to, but excluding, the date for which Accrued Interest is being calculated.
Accrued Interest Factor will be equal to the sum of the interest factors calculated for each day in the period for which interest is being paid. The interest factor for each day is equal to the interest rate applicable to that day divided by 360. The interest rate in effect on any Floating Rate Interest Reset Date will be the applicable rate as reset on that date. The interest rate applicable to any other day is the interest rate from the immediately preceding Floating Rate Interest Reset Date, or, if none, the Initial Floating Interest Rate; (3) The interest rate on the Floating Notes shall be reset quarterly on February 15, May 15, August 15 and November 15, beginning on February 15, 2019 (each, a “Floating Rate Interest Reset Date”); provided that the interest rate in effect from and including November 15, 2018, to, but excluding, the first Floating Rate Interest Reset Date, will be the Initial Floating Interest Rate;
Accrued Interest Factor is computed by adding together the interest factors calculated for each day from the date of issue or from the last date to which interest has been paid or duly provided for to the date for which accrued interest is being calculated. The interest factor for each such day will be computed by dividing the per annum interest rate applicable to such day by 360 in the case of Commercial Paper Rate Notes, Federal Funds Rate Notes, LIBOR Notes, Prime Rate Notes, Eleventh District Cost of Funds Rate Notes, CD Rate Notes and X.X. Xxxxx Rate Notes, or by the actual number of days in the year in the case of Treasury Rate Notes and CMT Rate Notes. The interest rate in effect on each day will be (i) if such day is an Interest Reset Date, the interest rate with respect to the Interest Determination Date pertaining to such Interest Reset Date or (ii) if such day is not an Interest Reset Date, the interest rate with respect to the Interest Determination Date pertaining to the next preceding Interest Reset Date, subject in either case to any maximum or minimum interest rate limitation referred to above. Unless otherwise specified above under "Other Terms", all percentages resulting from any calculation on this Note, will be rounded, if necessary, to the nearest one hundred-thousandth of one percentage point, with five one- millionths of one percentage point rounded upward (e.g., 9.876545% (or .09876545) being rounded to 9.87655% (or .0987655) and 9.876544% (or .09876544) being rounded to 9.87654% (or .0987654)); all calculations of the Accrued Interest Factor for any day on Floating Rate Notes will be rounded, if necessary, to the nearest one hundred-millionth, with five one-billionths rounded upward (e.g., .098765455 being rounded to .09876546 and .098765454 being rounded to .09876545); and all dollar amounts used in or resulting from such calculation on this Note will be rounded to the nearest cent (with one-half cent being rounded upward).