Purchase Accrued Interest definition

Purchase Accrued Interest means, with respect to any Due Period, all payments of interest and proceeds of sale received during such Due Period in relation to any Collateral Debt Obligation, in each case, to the extent that such amounts represent accrued interest in respect of such Collateral Debt Obligation, which was purchased at the time of acquisition thereof with Principal Proceeds and/or amounts paid out of the Unused Proceeds Account.
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Purchase Accrued Interest means, with respect to any Due Period, all payments of interest and proceeds of sale received during such Due Period in relation to any Collateral Debt Obligation, in each case, to the extent that such amounts represent interest that had accrued, but was unpaid, on the original purchase date of such Collateral Debt Obligation (including, in respect of a Second Lien Loan or Mezzanine Obligation, any accrued interest which, as at the time of purchase, had been capitalised and added to the principal amount of such Second Lien Loan or Mezzanine Obligation in accordance with its terms), which was purchased at the time of acquisition thereof with Principal Proceeds.
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Examples of Purchase Accrued Interest in a sentence

  • Bank Field Statement date Bank trust account number Bank short account name Asset Name Asset Cusip/SEDOL number Security interest rate Security maturity date Security payment frequency Security acquisition date Shares / Par value Original Cost Book Value** Purchase Accrued Interest **Contains Trust Cash and Money Market investment values Daily Position Report - Summary The report summarizes end of day positions by individual Fund investment portfolios and pertinent investment data.

  • Bank Field Statement date Bank trust account number Bank short account name Shares / Par value Original Cost Book Value** Purchase Accrued Interest **Contains Trust Cash and Money Market investment values Daily Transaction Report - Detail The report details all investment-related transactions posting to the Fund investment funds.