Existing Interest definition

Existing Interest means interest on Loans (under and as defined in the Existing Credit Agreement) and Participation Advances (under and as defined in the Existing Credit Agreement) that are accrued and unpaid as of the Closing Date.
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Existing Interest means Minto’s interest in each multi-residential rental property that Minto continued to own following the IPO Closing;
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Existing Interest has the meaning set forth with respect thereto in the preamble.
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Examples of Existing Interest in a sentence

  • If the Existing Interest Period has less than one month until expiry, the first Interest Period in relation to the relevant Facility AV Advance will be the unexpired portion of the Existing Interest Period plus an additional six months.

  • Existing Interest Period means, in relation to a Facility AV2 Advance, the Interest Period which is current, as at the Utilisation Date in relation to that Facility AV2 Advance, in respect of the outstanding Advance under Facility AV.

  • In respect of the first Interest Period to apply to each Facility AV2 Advance only, LIBOR shall mean the LIBOR rate as determined in respect of the Existing Interest Period.

  • The reduction of these costs against the eligible assets is a conservative approach to reduce the calculated DIF as future wastewater rates will be used to retire the outstanding principal.6.7.3.2. NPV of Existing Interest PaymentsThe NPV of future interest payments associated with future development’s portion of debt funded Wastewater System facilities is approximately $7.7 million.

  • Subject to paragraph (b) below, the first Interest Period to apply to each Facility AV Advance will be a period running from the Utilisation Date in respect of that Facility AV Advance up to (and including) the last Business Day of the Existing Interest Period, and thereafter shall be determined in accordance with Clause 11.2 ( Selection of Interest Periods) of the Credit Agreement.

  • Existing Interest Period means, in relation to a Facility AV Advance, the Interest Period which is current, as at the Utilisation Date in relation to that Facility AV Advance, in respect of the outstanding Advance under Facility AT (as defined in the Additional Facility AT Accession Agreement dated 31 January 2020 between, among others, UPC Broadband Holding B.V., the Borrower and the Facility Agent).

  • In respect of the first Interest Period to apply to each Facility AV Advance only, LIBOR shall mean the LIBOR rate as determined in respect of the Existing Interest Period.

  • The first Interest Period to apply to each Facility AV2 Advance will be a period running from the Utilisation Date in respect of that Facility AV2 Advance up to (and including) the last Business Day of the Existing Interest Period, and thereafter shall be determined in accordance with Clause 11.2 ( Selection of Interest Periods) of the Credit Agreement.


More Definitions of Existing Interest

Existing Interest means the interest set forth in Clause 2.1.
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Existing Interest has the meaning set forth in Section 5.18(a).
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Existing Interest means, with respect to the Existing Indebtedness ----------------- and the Prior Agreement, all interest payable in connection therewith that has accrued and remains unpaid as of the Effective Date.
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Existing Interest means an interest subject to which an airport lease was granted (because of section 26 of the Airports (Transitional) Act 1996);
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Existing Interest means all interest in whatever nominal value which the Pledgors hold in the Partnership as at the date hereof, including, for the avoidance of doubt, such interests listed under Clause 2 below. "Future Interest" means all additional interest in the capital of the Partnership in whatever nominal value which the relevant Pledgor may acquire after the execution of this Agreement. "Future Pledgee" means any entity or Person which may become a pledgee hereunder by way of (i) transfer of the Pledges by operation of law following the transfer or assignment (including by way of novation or assumption (Vertragsübernahme)) of any part of the Secured Obligations from any Original Pledgee or Future Pledgee to such future pledgee and/or (ii) accession to this Agreement pursuant to sub-Clause 3.4 hereof as pledgee. "Interest" means jointly the Existing Interest and the Future Interest. "Issuer Documents" means any Letter of Credit, any Letter of Credit application, and any other document, agreement and instrument entered into by an L/C Issuer and Avaya Inc. (or any of its subsidiaries) or in favour of such L/C Issuer and relating to such Letter of Credit.
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Related to Existing Interest

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.

  • underlying interest means, for a derivative, the security, commodity, financial instrument, currency, interest rate, foreign exchange rate, economic indicator, index, basket, agreement, benchmark or any other reference, interest or variable, and, if applicable, the relationship between any of the foregoing, from, to or on which the market price, value or any payment obligation of the derivative is derived, referenced or based; and

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • Voting Interests means shares of capital stock issued by a corporation, or equivalent Equity Interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency.

  • Compensating Interest As defined in Section 3.24 hereof.

  • Controlling Interest means: (1) an ownership interest or participating interest in a business entity by virtue of units, percentage, shares, stock, or otherwise that exceeds 10 percent; (2) membership on the board of directors or other governing body of a business entity of which the board or other governing body is composed of not more than 10 members; or (3) service as an officer of a business entity that has four or fewer officers, or service as one of the four officers most highly compensated by a business entity that has more than four officers.

  • Conflicting interest shall have the meaning specified in Section 310(b) of the Trust Indenture Act and the Trustee shall comply with Section 310(b) of the Trust Indenture Act; provided that there shall be excluded from the operation of Section 310(b)(1) of the Trust Indenture Act with respect to the Securities of any series any indenture or indentures under which other securities, or certificates of interest or participation in other securities, of the Company are outstanding, if the requirements for such exclusion set forth in Section 310(b)(1) of the Trust Indenture Act are met. For purposes of the preceding sentence, the optional provision permitted by the second sentence of Section 310(b)(9) of the Trust Indenture Act shall be applicable.

  • Percentage Interest As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

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

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

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

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • 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.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.