Interest Service definition

Interest Service means, with respect to any period, without double counting, an amount equal to (a) the aggregate amount of all Interest Expenses, rentals, any other recurrent payments of a similar nature (including gross-ups and increased cost payments) and any other recurring fees, costs and expenses paid during such period, in each case under or in relation to any Indebtedness of any Member, but which shall not include any such payments in respect of transactions between or among Members, plus or minus (b) the net amount of any difference between payments by or to any Members under any Swap Agreement relating to interest rates during such period.
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Interest Service means, in respect of any Relevant Period, Finance Charges for that Relevant Period less the amount of any interest received by members of the Group from third parties during that Relevant Period.
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Interest Service means total interest expense for the applicable period determined in conformity with GAAP with respect to all outstanding Debt of the company and its Subsidiaries on a consolidated basis, whether the interest expense was expensed, capitalized, paid, accrued, or scheduled to be paid or accrued, and including without limitation and without duplication for any period or any amount included in any prior period, (a) all interest payable pursuant to this Agreement with respect to the Floor Plan Credit and Revolving Credit, (b) all Capital Lease Obligations, (c) net costs for that period under all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements, and interest rate insurance, (d) all commitment fees, fees payable to the Agent pursuant to the Fee Letter, and the continuation fee specified in Section 3.3, accrued, accreted, or paid during the period, and (e) any fees and other obligations (other than reimbursement obligations) with respect to any letters of credit and bankers’ acceptances (whether or not matured) accrued, accreted, or paid for the period.
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Examples of Interest Service in a sentence

  • Email Indicating Interest: Service Providers who intend to respond to this solicitation are requested to notify the AOC by sending an email to OCCM_Solicitations@jud.ca.gov with the RFQ/P number and name in the subject line.

  • For the purpose of reporting on Interest Service Coverage Ratio (ISCR) to lenders, subordinated loans are considered as equity and hence interest on the same is not included in total finance cost.

  • Important ratios like Debt Equity Ratio, Debt Service Coverage Ratio, Interest Service Coverage Ratio etc.

  • Answers to questions will be posted to the courtinfo website on the page/link of this RFQ/P.Email Indicating Interest: Service Providers who intend to respond to this solicitation are requested to notify the AOC by sending an email to OCCM_Solicitations@jud.ca.gov with the RFQ/P number and name in the subject line.

  • Conformed Group PMICR is, in respect of a Calculation Period, the ratio of Cash Flow for that Calculation Period less Depreciation, IRE not already deducted in the calculation of Cash Flow or Depreciation and Fast/Slow Adjustment to the Total Interest Service for the same Calculation Period.

  • Current Service Arrangements2.1Supply ArrangementsThe [current]/[previous] arrangement for the provision of the [insert service title] was by means of [Expression of Interest, Registration of Interest, Service Agreement, Request for Quote/Tender/Proposal, Preferred Service Provider].

  • Interest Service Coverage Ratio: (Earning before Finance cost and Tax + Depreciation) / (Finance cost).

  • Permit the Interest Service Coverage Ratio as of the end of any Semi-annual Period to be less than the Interest Service Coverage Ratio Threshold as of the last day of such period.

  • Interest, Service Fees Revenue arising from the use by others of entity assets yielding interest, royalties and dividends is recognised when:• It is probable that the economic benefits or service potential associated with the transaction will flow to the municipality, and• The amount of the revenue can be measured reliably.

  • If the exposure limit is exceeded, an approved respirator should be worn.


More Definitions of Interest Service

Interest Service means, for any period for which it is being calculated, the aggregate amount of accrued interest, commission, fees, discounts, prepayment fees, premiums or charges and other finance payments in the nature of interest in respect of Borrowings (including net hedging payments (excluding break costs)) whether paid or payable by any member of the NWEN Financing Group (calculated on a consolidated basis) in respect of that period:
Sample 1
Interest Service means, with respect to any period, without double counting, an amount equal to (a) the aggregate amount of all Interest Expenses, rentals, any other recurrent payments of a similar nature (including gross-ups and increased cost payments) and any other recurring fees, costs and expenses paid during such period, in each case under or in relation to any Indebtedness of any Member, including cash interest paid (but not capitalized interest) on any Subordinated Debt, but which shall not include any such payments in respect of transactions between or among Members, plus or minus (b) the net amount of any difference between payments by or to any MembersTransaction Party under any Swap Agreement relating to interest rates during such period., minus (c) the aggregate amount of interest or amounts in the nature of interest or of similar effect to interest received by a Member (excluding any such amount received from another Member) and minus (d) any early termination costs in relation to a Swap Agreement.
Sample 1

Related to Interest Service

  • Interest Settlement Rate As defined in Section 4.08.

  • Rate Center means the specific geographic point that has been designated by a given LEC as being associated with a particular NPA-NXX code that has been assigned to the LEC for its provision of Telephone Exchange Service. The Rate Center is the finite geographic point identified by a specific V&H coordinate, which is used by that LEC to measure, for billing purposes, distance sensitive transmission services associated with the specific Rate Center.

  • Telerate British Bankers Assoc. Interest Settlement Rates Page means the display designated as Page 3750 on the Telerate System Incorporated Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market).

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • LIBOR Telerate is specified on the face hereof or neither “LIBOR Reuters” nor “LIBOR Telerate” is specified on the face hereof as the method for calculating LIBOR, the display on Telerate (or any successor service) on the page specified on the face hereof (or any other page as may replace such page on such service) for the purpose of displaying the London interbank rates of major banks for the LIBOR Currency.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Rate Center Area means the following in each applicable area:

  • Special Servicing Fee Rate With respect to each Specially Serviced Mortgage Loan and each REO Loan, 0.25% per annum.

  • STIBOR means the Stockholm inter-bank offered rate.

  • Child day center means a child day program offered to (i) two or more children under the age of 13 in a facility that is not the residence of the provider or of any of the children in care or (ii) 13 or more children at any location.

  • Pharmacist services means products, goods, and services, or any combination of products, goods, and services, provided as a part of the practice of pharmacy.

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • Cost of Funds means, with respect to any Interest Accrual Period, the amount of interest accrued during such Interest Accrual Period on the outstanding Advances at the Cost of Funds Rate.

  • LIBOR Floor means 0.00%.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Interest Rates means the interest rates provided for in Sections 2.11 and 2.12 of the Credit Agreement.

  • Agency Services Address means NationsBank, N.A., NC1-001-15-04, 000 Xxxxx Xxxxx Xxxxxx, Charlotte, North Carolina 28255, Attn: Agency Services, or such other address as may be identified by written notice from the Administrative Agent to the Borrower.

  • General Servicing Fee With respect to each Due Period and any Mortgage Loan, an amount equal to one-twelfth the product of (i) the General Servicing Fee Rate and (ii) the outstanding principal balance of such Mortgage Loan as of the related Determination Date. The General Servicing Fee is payable solely from, the interest portion (including recoveries with respect to interest from Liquidation Proceeds to the extent permitted by Section 3.02 of this Agreement) of such Monthly Payments collected by the Servicer, or as otherwise provided under this Agreement. General Servicing Fee Rate: 0.50% per annum.

  • the London Emergencies Trust means the company of that name (number 09928465) incorporated on 23rd December 2015 and the registered charity of that name (number 1172307) established on 28th March 2017;

  • Master Servicing Fee Rate With respect to each Mortgage Loan, 0.25% per annum.

  • CIBOR means the Copenhagen interbank offered rate;

  • SOFR Rate means the rate that will be obtained by the Paying Agent for each Interest Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, means, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Primary Servicing Fee Rate means, with respect to each Mortgage Loan, the rate that corresponds to such Mortgage Loan set forth on Exhibit A hereto under the heading “Primary Servicing Fee.”

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its "prime rate." If a Citibank, N.A. prime rate is not available, the applicable prime rate shall be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid. "Contract Price" means the applicable price, expressed in $/MWh for Net Output and Capacity Rights stated in Section 5.1.

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by Xxxxx Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • LIBOR Interest Rate means, for any LIBOR Loan, a rate per annum determined by Administrative Agent to be equal to the quotient of (1) the LIBOR Base Rate for such LIBOR Loan for the Interest Period therefor divided by (2) one minus the LIBOR Reserve Requirement for such LIBOR Loan for such Interest Period.