Net Interest definition

Net Interest means gross interest accrued to or in favour of a unit trust scheme less allocated permitted expenses; and

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Net Interest means interest earned on a prearranged

Net Interest means the interest earned on the Escrow Fund, less any fees or expenses of the Escrow Agent paid from the Escrow Fund pursuant to Section 5.

Examples of Net Interest in a sentence

• The failure to pay any Net Interest Shortfall at any time when funds are not available to make such payment as provided in the Indenture shall not constitute an Event of Default under the Indenture.

• Net Interest at termination Ending accrued net interest outstanding before the loan was liquidated/terminated Gross Interest at termination Ending accrued gross interest outstanding before the loan was liquidated/terminated Balance at Termination Actual Principal balance at time of termination.

• As described below, Accrued Certificate Interest on the Senior Certificates is subject to reduction in the event of certain Net Interest Shortfalls allocable thereto.

• The Net Interest Bearing Debt shall be measured on the relevant testing date so determined, but include the new Financial Indebtedness provided it is an interest bearing obligation (however, any cash balance resulting from the incurrence of the new Financial Indebtedness shall not reduce the Net Interest Bearing Debt).

• The Borrower must ensure that the Net Interest Coverage Ratio is always greater than 2.50 to 1.

More Definitions of Net Interest

Net Interest means the total interest earned on a pooled trust account, minus any service charges and transmittal fee that the savings institution charges to that account;

Net Interest means, in relation to an Issuer for a financial year, an amount equal to all interest and financing costs incurred by the Issuer and/or the Consolidated Group (as required in accordance with clause 7.5(a)) for that financial year as shown in Financial Statements of the Issuer less:

Net Interest means in respect of any Relevant Period, the aggregate amount of the interest (including the interest element of leasing and hire purchase payments and capitalised interest), commission, fees, discounts and other finance payments payable by any member of the Group on a Combining Schedule (including any commission, fees, discounts and other finance payments payable by any member of the Group under any interest rate hedging arrangement but deducting any commission, fees, discounts and other finance payments receivable by any member of the Group under any interest rate hedging instrument) but deducting any other interest receivable by any member of the Group on any deposit or bank account.

Net Interest means interest earned on a prearranged funeral trust account less applicable taxes, reasonable and necessary charges made by the financial institution and the annual service fee permitted to be deducted by the funeral establishment according to section 32‑1391.06, subsection B.

Net Interest has the meaning given to that term in Clause 20.1 (Financial definitions).

Net Interest means, in respect of any Relevant Period, the sum of (a) the amount of interest and similar charges payable in respect of Borrowings by the Group during such period less (b) the amount of interest received or receivable and any similar income of the Group during such period excluding any payment or amortisation of arrangement fees payable under or in connection with this Agreement or any Fee Letter.

Net Interest. Interest calculated at the annual rate of interest on a Mortgage Loan less Net Servicing Fees.