Annual Interest Amount definition

Annual Interest Amount. (rounded to whole dollars) of the Notes received in the exchange must equal that of the Notes surrendered for exchange. The “Annual Interest Amount” for any Note equals its outstanding Class Principal Balance or Notional Principal Amount times its Class Coupon. The Annual Interest Amount for the Classes received and the Classes surrendered must be equal at all levels of LIBOR. Where “exchange proportions” are shown for Classes that are exchangeable for other Classes, we base those proportions on the original, rather than on the outstanding, Class Principal Balance or Notional Principal Amount of the Classes. EXHIBIT B FORM OF EXCHANGE LETTER Noteholder Letterhead , 20_ U.S. Bank National Association Xxx Xxxxxxx Xxxxxx, 0xx Xxxxx Xxxxxx, XX 00000 Attention: STACR Series 2014-HQ1 Re: Xxxxxxx STACR, Series 2014-HQ1 Ladies and Gentlemen: Pursuant to the terms of that certain Exchange Administration Agreement, dated as of August 11, 2014 (the “Exchange Administration Agreement”), between Federal Home Loan Mortgage Corporation (“Xxxxxxx Mac”), as Issuer, and U.S. Bank National Association, as Exchange Administrator (the “Exchange Administrator”), we hereby present and surrender the [Original Note(s)] [MAC Note (s)] specified on Schedule I attached hereto [(the “Original Notes”)] [(the “MAC Notes”)] and transfer, assign, set over and otherwise convey, all of our rights, title and interest in and to the [Original Notes] [MAC Notes] including all payments of interest thereon received after , 20_, in exchange for the [MAC Notes][Original Notes] specified on Schedule I attached hereto. We agree that upon such exchange the portions of the [Original Notes] [MAC Notes] designated for exchange shall be deemed exchanged and replaced by the [MAC Notes] [Original Notes] issued in exchange therefor, and we further agree that our rights to receive payments in respect of such [Original Notes][MAC Notes] will be replaced with rights to receive payments in respect of [MAC Notes][Original Notes]. We confirm that we have paid a fee of $5,000 to the Exchange Administrator in connection with such exchange. We hereby represent that we are the holder of 100% of the [Original Notes] [MAC Notes] to be exchanged hereunder. Sincerely, By: Name: Title: Signature must be guaranteed by an Notice: The signature(s) on this eligible guarantor institution which is a assignment must correspond with the participant in the Securities Transfer name(s) as it appears on the face of the Agent's Medalli...
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Annual Interest Amount means, when the Interest Rate on an Instalment Receipt is fixed, the amount of interest paid in advance via capitalisation to the Outstanding Instalment Balance, as calculated in accordance with section 5.4.2(e).
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Annual Interest Amount means the interest payable in advance on the Loan Amount on the Effective Date and thereafter on each Annual Interest Date.
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Examples of Annual Interest Amount in a sentence

  • Average daily balance = $1,612.90 Step 2: Calculate the Annual Interest Amount 1.

  • On each Annual Interest Date (these dates are set out in PDS Part 1), an Annual Interest Amount will automatically be drawn down from the Instalment Payment (Loan Amount) to pre-pay the Interest Amount for the next year.

  • During the Investment Term, the Instalment Payment (Loan Amount) will be reduced by the amount of Dividends paid on the Underlying Entities’ Shares, and increased by the Annual Interest Amount on the Annual Interest Date.If the Holder wishes to take delivery of the Underlying Entities’ Shares, the Holder may pay the Instalment Payment at any time up until 5pm on the Expiry Date.

  • However, if the Dividend payments are less than the Annual Interest Amount, the Loan Amount will increase over time.

  • The Loan Amount will reduce by the amount of any Dividends paid during the Investment Term, and may increase on an Annual Interest Date when an Annual Interest Amount is drawn down and pre-paid for the next Interest Period.

  • The first Annual Interest Amount is due and payable by the Applicant on the Effective Date and will be paid by the Trustee (on behalf of the Holder) from the First Payment and the Loan Amount in accordance with clause 6.3.

  • The Annual Interest Amount will automatically be drawn down from the Loan on the Annual Interest Date and directed by the Holder to be used to pay interest on the Loan for the following year.

  • At the Annual Interest Date, the Annual Interest Amount is drawn down from the Loan Amount for the next period.

  • Thereafter, the Issuer will, on behalf of the Holder, draw down under the Loan the Annual Interest Amount for the following year on the Annual Interest Date.

  • DirectionYou irrevocably authorise the Security Trustee as your nominee, to give notice that you wish to drawdown under the Loan on the Annual Interest Date the Annual Interest Amount, and irrevocably authorise and direct the Security Trustee to pay to Macquarie, as a prepayment of interest for the next Interest Period, the Annual Interest Amount.


More Definitions of Annual Interest Amount

Annual Interest Amount has the meaning set forth in Section 2.1(d).
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Annual Interest Amount for a Subject Taxable Year shall equal the interest on the Net Tax Benefit for such Subject Taxable Year, calculated at the Agreed Rate for the Annual Tax Payment Interest Period for such Annual Tax Payment, compounded at the end of each calendar quarter.
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Annual Interest Amount means one hundred and nineteen thousand four hundred and fifty four pounds (£119,454.00 for each year during the term of the Debentures on the assumption that the Issue Amount is £2,470,000. In the event that the Issue Amount is less than £2,470,000, the Annual Interest Amount shall be adjusted in the same pro rata proportion to the reduction in the Issue Amount.
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Related to Annual Interest Amount

  • Actual Interest Amount is defined in Section 3.1(b)(vii) of this Agreement.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • PIK Interest Amount means, in respect of any Interest Payment Date, the amount of interest accrued during an Interest Period calculated based on the PIK Interest Rate applicable during such Interest Period.

  • Daily Interest Amount means an amount calculated by multiplying the Daily Loan Balance of a Loan by the associated Daily Interest Rate on that Loan.

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Overfunded Interest Amount With respect to any Subsequent Transfer Date, the excess of (A) the amount on deposit in the Capitalized Interest Account on such date over (B) the excess of (i) the amount of interest accruing at the sum of the (a) assumed weighted average Pass-Through Rate of the Offered Certificates and (b) the Applicable Rate on the Prefunded Amount outstanding at the end of the related Collection Period for the total number of days remaining through the end of the Accrual Periods ending April 25, 2004, May 24, 2004 and June 24, 2004 over (ii) one month of investment earnings on the amount on deposit in the Capitalized Interest Account on such date at an annual rate of 0.75%. The assumed weighted average Pass-Through Rate will be calculated assuming the Certificate Index is 1.09% for any Subsequent Transfer Date prior to the April 2004 Distribution Date, 1.34% for any Subsequent Transfer Date prior to the May 2004 Distribution Date and 1.59% for any Subsequent Transfer Date prior to the June 2004 Distribution Date.

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • Optimal Interest Remittance Amount For each Distribution Date, the product of (A) (x) the weighted average of the Net Mortgage Rates for the Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (B) the Aggregate Loan Balance as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.