Daily Interest definition

Daily Interest means, with respect to a Lender, for each calendar day of each calendar month, the product of: (a) the outstanding principal amount of Outstandings that are actually funded by Lender pursuant to this Agreement, multiplied by (b) the applicable interest rate set forth in Section 2(a)(vi) of this Agreement.

Daily Interest means, with respect to a Lender, for each calendar day of each calendar month, the product of: (A) the outstanding principal amount of Outstandings that are actually funded by Lender pursuant to this Agreement, multiplied by (B) the applicable interest rate set forth in Section 2(a)(vi) of this Agreement.

Daily Interest means, for any day, an amount equal to the product of (i) the Interest Rate for such day divided by 360 times (ii) the balance of the Loan for such day.

Examples of Daily Interest in a sentence

• The amount of interest to be paid on the Notes for each Interest Period will be calculated by adding the Daily Interest Amounts for each day in the Interest Period.

• The amount of interest to be paid on the Securities for each Interest Period will be calculated by adding the Daily Interest Amounts for each day in the Interest Period.

• The amount of interest to be paid on the Notes for any Interest Period will be calculated by adding the Daily Interest Amounts for each day in such Interest Period.

• This results in daily compounding of interest charges.• At the end of each billing period, we add together each Credit Plan’s Daily Interest Charge and make other adjustments, which gives us the total interest charge.• Your Statement will show a Balance Subject to Interest Rate, which is the sum of the Daily Balances for each day in the billing period divided by the total number of days.Rates• To calculate a variable rate, for each billing period, we use an Index.

• This gives us the "Daily Interest Charge" for the day, which we add to the day’s Partial Daily Balance.• We’ve now determined the "Daily Balance," which will be the beginning balance for the following day.

More Definitions of Daily Interest

Daily Interest is defined in Section 3.1.1.

Daily Interest means the total interest divided by the number of days in the first coupon.

Daily Interest means, with respect to a Lender, for each calendar day of each calendar month, the product of:

Daily Interest shall have the meaning given such term in Annex E to the Schedule.

Daily Interest means interest calculated in accordance with condition

Daily Interest means that interest is calculated on a 365-day year and the actual number of days between payments. Payoff Documents (choose one) Weststar Pacific Mortgage is named as trustee in the Deed of Trust EXECUTED BUT UNRECORDED Release document is provided Special Instructions Noted on servicing instruction sheet Due in full date (if applicable) Prepayment penalty and/or Termination Fee (if applicable) Balloon penalty (if applicable) Special payment processing requirements OPTIONAL Direct Deposit form filled in and signed by lender Automatic Withdraw form filled in and signed by borrower DOCUMENTS CHECKLIST (choose one) Note – Deed of Trust – Executed Release OR Weststar Pacific Mortgage Named as trustee Agreement for Sale – executed but unrecorded warranty deed Purchase Contract – executed but unrecorded warranty deed Option Contract Memorandum of Option Lease Option Lease Personal Property Note (NMLS #93243, AZBK 0901413 - Revised 2019) LOAN SERVICE INSTRUCTIONS Weststar Pacific Mortgage This is authorization to establish a Loan Service Account. We agree to the standard fees charged on this account. We herewith deposit with you the following and instruct you to disburse as herein directed. Interest % ACCOUNT INFORMATION Calculation Method required (P or D - refer to checklist for description) Interest Start date Payment 1st Due Date Balloon Date (Due in full) APN or Parcel required if real property Who pays monthly service fees (B-Payor; S-Payee; SP-Split – refer to fee schedule) $ Principal and Interest (or Lease) Amount (per pmnt) $ Impound Amount (per pmnt – if to be impounded by Xxxxxxxx) $ Monthly Payor Fee Estimate (subject to update by WPM) $ Wrap-around (Underlying) Lien Amount (if applicable) $ TOTAL ESTIMATED PAYMENT AMOUNT Impound Collection N/A Taxes Insurance HOA Please note: Weststar collects and pays taxes and insurance in-house therefore we do not use a tax service. Insurance Policy or Binder # Address for Insurance Underwriter required (cannot be agent unless commercial property) Home Owner’s Association Account # Late Charge $ or % Late Fee # of days allowed Are there other late provisions such as $ per day etc. (Y/N) Automatic Late Notice @ 15 days (Y/N) **additional Payor Fee ***Payor Initials: ***Beneficiary Initials: ***Payor Initials: ***Beneficiary Initials: Payor(s) CONTACT INFORMATION (NMLS #93243, AZBK 0901413 - Revised 2019) 1st Payor Name: : Address : _ City : State : Zip: _ SS# or TIN required : Birthdate required: Phone : _ Primar...

Daily Interest. In respect of any day from and including the “Amendment Date” (as defined in the amendment agreement in respect of the Confirmation dated 18 August 2015) to and excluding the Amendment Date 2, an amount equal to: (i) the Outstanding Premium Amount; multiplied by (ii) the sum of EONIA and 1.25%; divided by (iii) 365. In respect of any day from and including the Amendment Date 2, an amount equal to: (i) the Outstanding Premium Amount; multiplied by (ii) the sum of EONIA and 1.45%; divided by (iii) 365.”