Daily Interest Amount definition
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 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 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.
The amount of interest for each day that the Securities 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 Securities.
The Daily Interest Amount on a Floating Rate Security of each series will be calculated by dividing the applicable interest rate on such Floating Rate Security in effect for that day by 360 and multiplying the result by the aggregate outstanding principal amount of such Floating Rate Security on that day.