# Daily Interest Amount definition

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.
Daily Interest Amount means, for any day during any Interest Accrual Period, the sum of the following amounts:
Daily Interest Amount means, for any day in a Series 1998-1 Interest Period, an amount equal to (a) the product of (i) the Series 1998-1 Note Rate for such Series 1998-1 Interest Period and (ii) the Series 1998-1 Invested Amount as of the close of business on such date, divided by (b)

## Examples of Daily Interest Amount in a sentence

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

• The amount of interest for each day that the Notes are outstanding (the "Daily Interest Amount") will be calculated by dividing the interest rate in effect for such day by 360 and multiplying the result by the principal amount of the Notes.

• Annual interest amount = \$16.95 Step 3: Calculate the Daily Interest Amount 1.

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

• The amount of interest paid on the Notes for any Interest Period is calculated by adding the Daily Interest Amount for each day in such Interest Period.The interest rate and amount of interest paid on the Notes for each Interest Period is determined by the Calculation Agent.

## More Definitions of Daily Interest Amount

Daily Interest Amount means, with respect to an Investment, the amount obtained by multiplying the outstanding principal amount of an Investment by the Daily Interest Rate applicable to that Investment.
Daily Interest Amount has the meaning assigned to that term in subsection 9.8(A)(3).
Daily Interest Amount means, with respect to the Revolving Loan, an amount calculated by multiplying the Daily Loan Balance of the Revolving Credit Advances by the associated Daily Interest Rate applicable to such Revolving Credit Advances.
Daily Interest Amount means, with respect to any Series 2000-1 Note and any day in a Series 2000-1 Interest Period, an amount equal to the result of (a) the sum for each such day of (i) the product of (x) the CP Rate for such day and (y) the portion of the Series 2000-1 Invested Amount represented by such Series 2000-1 Note as of the close of business on such day accruing interest at the CP Rate, plus (ii) the product of (x) the Eurodollar Rate for such day and (y) the portion of the Series 2000-1 Invested Amount represented by such Series 2000-1 Note as of the close of business on such day accruing interest at the Eurodollar Rate, plus (iii) the product of (x) the Base Rate for such day and (y) the portion of the Series 2000-1 Invested Amount represented by such Series 2000-1 Note as of the close of business on such day accruing interest at the Base Rate, divided by (b) 360.
Daily Interest Amount shall have the meaning set forth in Section 2.01(d).
Daily Interest Amount means the amount of interest for each day that the Notes are outstanding.
Daily Interest Amount has the meaning specified in Section 2.3(b).