LCF Interest definition

LCF Interest means, for any Accounting Period, the amount computed based on the amount of the Loss Carry Forward as of the beginning of such Accounting Period and an interest rate of 1.75% per quarter. The LCF Interest shall be recorded in Line AO of Schedule B, for such Accounting Period.
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LCF Interest. Means for a given Accounting Period the product of (a) the LCF amount as of the end of the prior Accounting Period and (b) 1.25%.
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Examples of LCF Interest in a sentence

  • Each Accounting Period subsequent to the initial Accounting Period, the Loss Carry Forward will be determined as the sum of (i) the Loss Carry Forward as of the end of the previous Accounting Period plus (ii) the LCF Interest for the current Accounting Period less (iii) the LCF Adjustment for the current Accounting Period.

Related to LCF Interest

  • Payoff Interest For any Distribution Date with respect to a Mortgage Loan for which a Payoff was received on or after the first calendar day of the month of such Distribution Date and before the 15th calendar day of such month, an amount of interest thereon at the applicable Pass-Through Rate from the first day of the month of distribution through the day of receipt thereof; to the extent (together with Payoff Earnings and the aggregate Master Servicing Fee) not required to be distributed as Compensating Interest on such Distribution Date, Payoff Interest shall be payable to the Master Servicer as additional servicing compensation.

  • 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.

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

  • Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

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