Actual Interest definition

Actual Interest. Cover: (as determined in accordance with the definition of Actual Interest Cover) X%
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Actual Interest means the actual interest paid on sums borrowed in a transaction at arm’s length and, where a sum has been borrowed otherwise than in such a transaction, means whichever is the lesser of the interest actually paid and the interest that might reasonably have been expected to be paid had the transaction been at arm’s length.
Sample 1
Actual Interest means (i) with respect to any Outstanding Debt Securities, interest on the Outstanding principal amount thereon due and unpaid and (ii) with respect to any Outstanding Collateral Securities, (x) interest on the Outstanding principal amount thereon (including interest on any unreimbursed drawings under letters of credit) due and unpaid, (y) commitment and facility fees, if any, outstanding and payable to the holders (or their agents or representatives) of the Other Senior Secured Debt Securities to which such Outstanding Collateral Securities relate, and (z) letter of credit fees, if any, outstanding and payable to the holders (or their agents or representatives) of the Other Senior Secured Debt Securities to which such Outstanding Collateral Securities relate.
Sample 1

Examples of Actual Interest in a sentence

  • General Information Numeric – Integer 2 99 Always See Coding 1 = Scheduled Interest, Scheduled Principal 2 = Actual Interest, Actual Principal 3 = Scheduled Interest, Actual Principal 99 = Unknown 5 Originator The MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral.

  • For purposes of this Agreement, a “Tax Benefit Payment” with respect to any Member means an amount, not less than zero, equal to the sum of: (i) the Net Tax Benefit that is Attributable to such Member and (ii) the Actual Interest Amount.

  • Actual Interest on loans and other bank commissions charged on Bank Accounts during the year shall be treated as payments and disclosed under interest payment in the Statement of Cash Receipts and Payments.

  • For the avoidance of doubt, payments made under this Agreement shall not be treated as resulting in a Basis Adjustment to the extent such payments are treated as Imputed Interest or are Actual Interest Amounts.

  • For the avoidance of doubt, any deduction for any Actual Interest Amount as determined with respect to any Net Tax Benefit payable by the Corporation to a Member shall be excluded in determining the Hypothetical Tax Liability of the Corporation for purposes of calculating Realized Tax Benefits and Realized Tax Detriments pursuant to this Agreement.

  • The amount of any excess Tax Benefit Payment shall be deemed to have been paid by the Corporation to the relevant TRA Holders on the original due date for the filing of the subsequent Tax Return to which the excess Tax Benefit Payment relates for purposes of determining the Actual Interest Amount to which such relevant TRA Holders shall be entitled.

  • Actual Interest Payments may be higher or lower than this example.

  • For the avoidance of doubt, payments made under this Agreement shall not be treated as resulting in a Basis Adjustment to the extent that such payments are treated as Imputed Interest or are Actual Interest Amounts or Default Rate Interest.

  • A Net Tax Benefit is “Attributable” to a Member to the extent that it is derived from any Basis Adjustment, Imputed Interest, or Actual Interest Amount that is attributable to an Exchange undertaken by or with respect to such Member.

  • Sub: IT Security Solution for Servers and all Endpoint Computers of the Three Campuses of Rabindra Bharati University.


More Definitions of Actual Interest

Actual Interest means the dollar amount of interest paid or accrued between the preceding Invoice Date and the Invoice Date, and “Actual Redemptions” means those principal payments made to Sub Note Holders of the Initial Funding Source in accordance with the terms thereof between the preceding Invoice Date and the Invoice Date.
Sample 1
Actual Interest means the prime rate as established by the City’s financial institution from time to time plus 2%.
Sample 1

Related to Actual Interest

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Area of Mutual Interest or “AMI” shall mean an agreement between or among parties to a farm-out agreement or a joint operating agreement or other agreement by which the parties attempt to describe a geographical area within which they agree to share certain additional leases or other interests acquired by any of them in the future.

  • Residual Interests As specified in the Preliminary Statement.

  • Additional Interest means all amounts, if any, payable pursuant to Section 4.06(d), Section 4.06(e) and Section 6.03, as applicable.

  • Fractional Interest As defined in Section 5.02(d).

  • Transfer Premium shall also include, but not be limited to, key money, bonus money or other cash consideration paid by Transferee to Tenant in connection with such Transfer, and any payment in excess of fair market value for services rendered by Tenant to Transferee or for assets, fixtures, inventory, equipment, or furniture transferred by Tenant to Transferee in connection with such Transfer. The determination of the amount of Landlord’s applicable share of the Transfer Premium shall be made on a monthly basis as rent or other consideration is received by Tenant under the Transfer.