Minimum Interest Amount means, on any date and with respect to any principal amount owing under this Note, the difference between (a) 8% of the Original Principal Amount calculated from the Original Issue Date until the Maturity Date and (b) any payment of interest made prior to such date with respect to such principal amount.
Minimum Interest Amount means the amount specified as such in the relevant Final Terms.
Minimum Interest Amount means interest upon the Minimum Balance at the interest rate in effect on the date that express written notice of such termination is given to Lender (or, if no such notice is given, the rate in effect on the effective date of termination), for the period commencing on the date of such written notice of termination (or, if no such notice is given, commencing on the effective date of termination) and ending at the end of the Term (or at the end of a period of sixty (60) days thereafter, if such termination notice is given by Borrowers during or at the end of a Renewal Term on less than sixty (60) days notice or if no termination notice is given).
Examples of Minimum Interest Amount in a sentence
The Minimum Interest Amount is not to be construed to cover or be applied against any indemnity or any out-of-pocket fees, costs or expenses incurred in any action to collect any obligation or to foreclose any Lien securing the same.
All payments of interest shall reduce the Minimum Interest Amount, and any remaining Minimum Interest Amount shall be due and payable upon the early repayment of principal as provided hereunder to compensate the Holder for a lesser profit in case of early repayment and for the internal and external work and expenditure of time and money involved in the evaluation, preparation and closing of the Transaction Documents.
More Definitions of Minimum Interest Amount
Minimum Interest Amount means, on any date and with respect to any principal amount owing under this Note, the difference between (a) 10% of such principal amount, representing a full year of interest payments hereunder and (b) any payment of interest made prior to such date with respect to such principal amount. The Minimum Interest Amount is not meant as a penalty but rather is meant to cover Hxxxxx’s transaction costs incurred in connection with its analysis of this investment as well as the costs associated with the negotiation and consummation of the transactions contemplated herein, Hxxxxx’s opportunity costs, and Hxxxxx’s minimum anticipated profit.
Minimum Interest Amount means, on any date and with respect to any principal amount owing under this Note, the difference between (a) 6% of the Original Principal Amount calculated from the Original Issue Date until the Maturity Date and (b) any payment of interest made prior to such date with respect to such principal amount.
Minimum Interest Amount means, with respect to the Notes, the amount of interest which would have been payable on the Notes in accordance with the provisions of sub-paragraph 12(A) above, if on the relevant Interest Accrual Date Loss Determination Amounts and (where applicable) Cash Settlement Amounts had been determined in respect of each Undetermined Reference Entity and (where applicable) each relevant Nominal Amount Reduction Valuation Date had fallen on or before such Interest Accrual Date, on the basis that the Final Price (as defined in the Default Swap Agreement) of each related Reference Obligation (as defined therein) is zero. When determining any Minimum Interest Amount the Calculation Agent shall determine the Collateral Payment (and any assumed amount payable by the Issuer to the Swap Counterparty, or as the case may be, by the Swap Counterparty to the Issuer as a result of any theoretical termination of the Asset Swap Agreement and any Ancillary Costs) in good faith and in a commercially reasonable manner. For the avoidance of doubt, in such circumstances, the Asset Swap Agreement will not actually be terminated, in part, until the relevant Cash Settlement Date.
Minimum Interest Amount means, as of any date of determination occurring during the periods described in the table below, the amount set forth opposite each such applicable period:
Minimum Interest Amount or “Make Whole Amount” means, on any date and with respect to any principal amount owing under this Note, the difference between (a) 10% of such principal amount, representing a full year of interest payments hereunder and (b) any payment of interest made prior to such date with respect to such principal amount. To be free from doubt, the Minimum Interest Amount is only applicable for the initial 12 month period from the Issue Date.
Minimum Interest Amount means, with respect to an Interest Period, the Interest Amount that would have been payable in relation thereto if on each day during such Interest Period on which there are one or more Undetermined Reference Entities, the Outstanding Principal Amount were equal to the Nominal Principal Amount.
Minimum Interest Amount means, in respect of any Interest Accrual Period, the amount of interest payable in respect of the Note for such period pursuant to Condition 7(a)(i) (Interest Rate and Accrual) and determined in accordance with Condition 7(f) (Calculation of Interest).”