Differential Interest Amount definition

Differential Interest Amount shall not include the Final Excess Bond Interest Amount.

Differential Interest Amount means, with respect to any Bank Bond, the excess of

Differential Interest Amount means, with respect to any Purchased Bond, the excess of

Examples of Differential Interest Amount in a sentence

• Any Differential Interest Amount and, to the extent permitted by law, any Excess Interest payable on Bank Bonds sold by the Remarketing Agent shall be payable by the District to the Bank on the earlier of (i) the occurrence of an Event of Default and (ii) the applicable Sale Date.

• Following any sale of Bank Bonds, pursuant to Section 2.13(b) or otherwise, the Bank shall retain the right to receive payment from the District of any accrued Differential Interest Amount and, to the extent permitted by law, any Excess Interest and interest thereon as provided herein and in the Indenture.

• Dexia will, upon the request of the Issuer or the Trustee, notify the Issuer or the Trustee, as the case may be, of the Purchased Bond Rate in effect during any period in which Purchased Bonds are held by Dexia or any other Purchased Bondholders or during which any Differential Interest Amount, Excess Bond Interest, Excess Bond Interest Amount, Final Excess Bond Interest Amount or any amount in respect of the Interest Component remains unpaid.

• Notwithstanding the preceding sentence, the Authority’s obligations to make payments in respect of any Differential Interest Amount (together with accrued interest thereon, if applicable) shall not be discharged or reduced in any way as a result of the Bank’s failure to deliver any notice referred to in the preceding sentence.

• When Purchased Bonds are purchased in accordance with this Section 2.04(b), the Tender Agent shall, upon receipt of authorization to transfer such Bonds and upon receipt by such Purchased Bondholder of the Sale Price and the Differential Interest Amount, if any, notify the Remarketing Agent and the Authority that such Bonds are no longer Purchased Bonds.

More Definitions of Differential Interest Amount

Differential Interest Amount means, with respect to any Principal Drawing made to pay a portion of the purchase price of Bonds representing the principal of Bonds to be purchased, the excess of (a) interest which has accrued and is payable under this Agreement at the Bank Rate on such Principal Drawing, as determined in accordance with Sections 2.01 and 2.12, up to but excluding the Business Day on which such Principal Drawing is repaid in full to the Bank, less (b) the interest accrued on the Bank Bonds purchased pursuant to such Principal Drawing which is received by the Bank as part of the Sale Price for such Bank Bonds under Section 2.03(h).

Differential Interest Amount means the excess of (a) interest which has accrued and could actually be paid on Bank Bonds at the Bank Rate, as determined in accordance with Sections 2.2(a) and 3.1 hereof, up to but excluding the Business Day on which such Bank Bonds are purchased from the Bank Bondholders pursuant to Section 2.5(c) hereof, over (b) the interest accrued on such 2007A-2 Bonds received by the Bank Bondholders as part of the Sale Price.

Differential Interest Amount means, with respect to any Bank Bond, the excess of (a) interest which has accrued on such Bank Bond at the Bank Rate, as determined in accordance with Section 3.1 hereof, up to but excluding the Business Day on which such Bank Bond is sold pursuant to Section 2.4, less (b) the interest accrued on such Bank Bond received by the Bank Bondholder as part of the Sale Price.

Differential Interest Amount has the meaning specified in Section A-201 hereof.

Differential Interest Amount means the excess of (a) interest which has accrued on Bank Bonds at the Bank Interest Rate up to but excluding the Business Day on which such Bank Bonds are purchased from the Liquidity Facility Issuer or its permitted assignee, less (b) the interest accrued on such Bonds received by the Liquidity Facility Issuer or its permitted assignee as part of the Purchase Price. No Bond of a subseries (other than Bank Bonds) may bear interest at an interest rate higher than the Maximum Rate. No Bank Bond may bear interest at an interest rate higher than the Bank Bond Maximum Rate. Under the Reimbursement Agreement, the interest rate component of the Letter of Credit Amount may be revised upon the occurrence of certain events. In connection with such a revision, the Maximum Rate of the Bonds may be increased upon the approval of the Issuer and the Bank.

Differential Interest Amount means, with respect to any Bank Bond, the portion of the accrued interest owing to the Liquidity Facility Provider with respect thereto which exceeds the amount of accrued interest payable by the purchaser of such Bank Bond upon its remarketing by the Remarketing Agent.

Differential Interest Amount means, with respect to any Purchased Bond, the excess of (a) interest which has accrued and could actually be paid on such Purchased Bond at the Purchased Bond Rate, as determined in