Prepayment credit definition

Prepayment credit means the amount funded in excess of the pension cost assigned to a cost accounting pe- riod that is carried forward for future recognition. The Accumulated Value of Prepayment Credits means the value, as of the measurement date, of the pre- payment credits adjusted for income and expenses in accordance with 9904.413–50(c)(7) and decreased for amounts used to fund pension costs or liabilities, whether assignable or not.
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Prepayment credit means the amount funded in excess of the pension cost assigned to a cost accounting period that is carried forward for future recognition. The Accumulated Value of Prepayment Credits means the value, as of the measurement date, of the prepayment credits adjusted for interest at the valuation rate and decreased by amounts used to fund pension costs or liabilities, whether assignable or not.
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Prepayment credit shall have the meaning set forth in Section 6.05.
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Examples of Prepayment credit in a sentence

  • Even if some attempt of seeking a possibility of profit existed, such purpose would be insufficient to deny relief as the purpose of seeking s131 relief could not be described as incidental.

  • When there is evidence or reasonable information suggesting the violation of a University policy.

  • The Company offers the Customer the following payment options: Prepayment, credit cards, GooglePay and ApplePay.

  • Users may set up an email reminder which alerts them that the amount of Prepayment credit is low.

  • Prepayment credit for Capital Recovery Fees may be offered as just and fair compensation for easement purchases upon evaluation and approval on a case by case basis.

  • Contingent rentals are charged to the statement of income in the accounting period in which they are incurred.Finance costsInterest expenses and similar costs are charged to the statement of income in the period in which they are incurred.

  • Empirical or cognitive knowledge obscuring karma (Mati gnanavarniya karma) 2.

  • Prepayment credit vending was done from strategically located vending stations at Northern Electricity’s service centers, linked via data modem to a central system master station.


More Definitions of Prepayment credit

Prepayment credit means the amount payable by the Banks to the Borrowers equal to the amount received by the Agent on behalf of the Banks from their Swap counter-party upon the Banks' termination of the Hedge Agreement or comparable Swap or other interest risk management agreement at the time of the Fixed Rate prepayment by the Borrowers (i.e., the "market value" of the interest rate hedge or swap is positive). In determining the percentage that the Debt bears to the Loan Value, the "Debt" and the "Loan Value" shall be the average of such respective amounts during the most recent calendar month preceding such determination. The Applicable Prime Rate option described above in the matrices is hereinafter referred to as the "Prime Rate Option," the Libor Rate interest option described above in the matrices is hereinafter referred to as the "Libor Rate Option" and the Fixed Rate interest option described above is hereinafter referred to as the "Fixed Rate Option." The Prime Rate Option shall be computed on the basis of a year of 365 or 366 days, as the case may be and the Libor Rate Option and the Fixed Rate Option shall be based on a year of 360 days and actual days elapsed. Within thirty (30) days of the signing date of this Agreement (as opposed to the effective date of July 24, 2001), the Borrowers shall enter into a Swap, Hedge Agreement or comparable ISDA Master Agreement with such one or more of the Banks electing to require the same for such percentage of such Fixed Rate Option Loans as may be required by such Bank(s)."
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Prepayment credit has the meaning assigned to such term in Section 3(c) of Attachment A.
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Prepayment credit means Five Hundred Thousand Dollars ($500,000), adjusted at the end of each Earnout Quarter (commencing with the Earnout Quarter ended February 23, 2010) until such date as the Prepayment Credit equals $0, as follows: (i) increased by adding the product of (A) the current outstanding Prepayment Credit and (B) 0.0375; and (ii) reduced by the aggregate Prepayment Penalty for Regulated Banks making a prepayment during such Earnout Quarter. In no event shall the Prepayment Credit be less than $0.
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Prepayment credit has the meaning set forth in Section 2.1(e).
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Prepayment credit shall be an amount equal to the amount by which the interest that has accrued on the Loan from the Effective Date until the date on which the Loan is repaid in its entirety in accordance with this Section 5, exceeds the amount of interest that would have accrued on the Loan during that same period had such interest been calculated at a rate of nine percent (9%) per annum, which amount is equal to One Hundred Seven Thousand Six Hundred Seventy Dollars ($107,670) per month (as the same may be prorated to reflect any partial months).
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Related to Prepayment credit

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Loan repayment means the cancellation and repayment of loans

  • Discount Prepayment Accepting Lender has the meaning set forth in Section 2.05(a)(v)(B)(2).

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Prepayment Penalty Amount With respect to any Remittance Date, all prepayment penalties, penalty or yield maintenance premiums or charges paid by the obligors under the Mortgage Notes due to Principal Prepayments collected by the Servicer during the immediately preceding Prepayment Period.

  • Prepayment Penalty With respect to each Mortgage Loan, the amount of any premium or penalty required to be paid by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.