Debt Interest definition

Debt Interest means an amount equal to the sum of net debt of the Corporation (defined as funded debt plus the average outstanding revolver balance pursuant to the Corporation’s five-year business plan net of cash as of the Original Issue Date) and the value of minority interests of the Corporation as of the Original Issue Date.
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Debt Interest means an interest as a holder of indebtedness, which indebtedness (1) is not convertible or exchangeable for equity, (2) has no voting rights on matters submitted to the stockholders of the issuer of such indebtedness (including the election of directors), and (3) does not result in Xxxxxxx or its Affiliates being deemed to be an Affiliate of the issuer of such indebtedness.
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Debt Interest refers to any interest created when a lender lends to a borrower, which can arise from arrangements such as a simple loan, bond issue or note issue. Updated on: 22 April 2019
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Examples of Debt Interest in a sentence

  • Any correctly submitted invoices that are not paid within 30 days may be subject to the provisions of the Late Payment of Commercial Debt (Interest) Act 1998.

  • These balances include the General (100), Transport Services (150), Capital Projects (200), Bond Proceeds (300), Special Revenue (400), Debt Principal (500), and Debt Interest (600) Funds.

  • If any item(s) remain unpaid by that due date charges will apply, in accordance with s5A and/or s6 of the Late Payment Commercial Debt (Interest) Act 1998 or any subsequent enactment.

  • Any delay in payment after 30 days shall entitle MECAL Ltd to claim interest in accordance with the Late Payment of Commercial Debt (Interest) Act 1998 ("the Act") for all commercial debts at 8% above the Bank of England base rate prevailing at the time of default.

  • Separate accounts shall be kept by the Commonwealth for each State in respect of Debt, Interest, and Sinking Funds.

  • Separate accounts shall be kept by the Commonwealth for each State and, so far as relevant, for the Northern Territory in respect of Debt, Interest, and Sinking Funds or, after its establishment, contributions for the purposes of the Debt Retirement Reserve Trust Account.

  • All financial or accounting calculations or determinations required pursuant to this Agreement shall be made, and all references to the financial statements of the Borrower, Adjusted EBITDA, Senior Secured Debt, Total Debt, Interest Expense, Consolidated Total Assets and other such financial terms shall be deemed to refer to such items, unless otherwise expressly provided herein, on a consolidated basis for the Borrower and its Subsidiaries.

  • These balances include the General (100), Capital Projects (200), Bond Proceeds (300), Special Revenue (400), Debt Principal (500), and Debt Interest (600) Funds.

  • The general rule is that payments should be made in arrears after the specified goods or services have been satisfactorily provided, and that when they have become due they should be paid promptly in accordance with the Late Payment of Commercial Debt (Interest) Act 1998.

  • Project Co represents and warrants that the Project Debt Interest Cost as set out in the RFP Submission is based upon the Interest Reference Rate.


More Definitions of Debt Interest

Debt Interest means any debt interest issued in favor of a Party and outstanding in SETA from time to time, including any debt interest issued after the date hereof.
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Debt Interest means an interest (whether present or future) of a Financier under any of the AUD Facilities (other than the Australian WC Facility or a Funding Portion provided or to be provided to the US Borrower under Facility E), including any participation in a Funding Portion provided under an AUD Facility (other than the Australian WC Facility or a Funding Portion provided or to be provided to the US Borrower under Facility E);
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Debt Interest or “Debt Interests” means the sums advanced by the Company to a Borrower by
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Debt Interest means the debt instruments issued pursuant to the Long Term Commercial Loan Contracts, dated as of December 26, 2000 (the "Long Term Loan Contracts"), and currently held by the Parties hereto and any additional debt instruments, except the New Shareholder Debt Interest, issued pursuant to the terms hereof to the Parties.
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Related to Debt Interest

  • Asset Interest is defined in Section 2.1(b).

  • Net Interest means interest earned on a prearranged funeral

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Current Interest With respect to each Class of Certificates and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate during the related Accrual Period on the Class Principal Amount or Class Notional Amount, as applicable, of such Class prior to any distributions of principal, allocations of Realized Losses or allocations of Certificate Writedown Amounts prior to such Distribution Date.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Subsidiary REMIC Interest Any one of the Subsidiary REMIC Interests or the SR-A-R Interest.

  • Investment interest means investment interest as defined in section 163(d)(3) of the Internal Revenue Code.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Lower Tier REMIC Interests Each of the Class LTA-1 Interest, the Class LTA-2A Interest, the Class LTA-2B Interest, the Class LTA-2C Interest, the Class LTA-2D Interest, the Class LTM-1 Interest, the Class LTM-2 Interest, the Class LTM-3 Interest, the Class LTM-4 Interest, the Class LTM-5 Interest, the Class LTM-6 Interest, the Class LTB-1 Interest, the Class LTB-2 Interest, the Class LTB-3 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest, the Class LT-IO Interest and the Class LTR Interest.

  • Receivable Interest means, at any time, an undivided percentage ownership interest in (i) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 2.03, (ii) all Related Security with respect to such Pool Receivables, and (iii) all Collections with respect to, and other proceeds of, such Pool Receivables. Such undivided percentage interest shall be computed as

  • Net Interest Bearing Debt means the aggregate interest bearing debt less cash and cash equivalents of the Group in accordance with the applicable accounting principles of the Group from time to time (for the avoidance of doubt, excluding guarantees, bank guarantees, shareholder loans, any claims subordinated pursuant to the Intercreditor Agreement and interest bearing debt borrowed from any Group Company).

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Uncertificated Lower-Tier Interest A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest and Class 4-LS Interest are Uncertificated Lower-Tier Interests.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.