Received Interest definition

Received Interest means, with respect to a Notes Calculation Period, the interest received in accordance with the terms of the relevant Conditions on all Receivables during such period. Reference Agent means ING.
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Examples of Received Interest in a sentence

  • In the present case, Transferor is transferring the Transferred Interest solely in exchange for the Received Interest.

  • Therefore, the transfer of the Received Interest would be taxable to the extent that the Received Interest is attributable to a USRPI.

  • In the present case, Transferor will transfer the Transferred Interest to the Transferee in exchange for the Received Interest.

  • Code section 897(g) provides that the transfer of a partnership interest is taxable to the extent that the partnership interest is attributable to USRPIs. Immediately after the exchange of the Transferred Interest for the Received Interest, the Transferee will indirectly hold the same potential USRPI that the Transferor currently holds indirectly.

  • The Facility Payment Amount payable by the Company on such Facility Fee Period End Date shall be paid to the Financing Provider by debiting such amount against the Received Interest Amount Balance (Begin) as of such Facility Fee Period End Date, up to the full amount of such Received Interest Amount Balance (Begin)).

  • Furthermore, the extent the Received Interest is attributable to a USRPI will be the same as the extent the Transferred Interest is attributable to a USRPI.

  • If the Facility Payment Amount payable by the Company on such Facility Fee Period End Date exceeds the Received Interest Amount Balance (Begin) on such date, the Company shall pay such excess of the Facility Payment Amount over the Received Interest Amount Balance (Begin) in cash to the Financing Provider on such Facility Fee Period End Date.

  • Therefore, under Code section 721(a), no gain or loss is recognized to Transferor or Transferee as a result of the contribution of the Transferred Interest in exchange for the Received Interest.

  • Immediately after the exchange of the Transferred Interest for the Received Interest, the Transferee will indirectly hold the same potential USRPI.

  • For purposes of clarity, the foregoing will not limit in any manner the obligation of the Financing Provider to make any payments or distributions to the Company pursuant to Section 4.01(a) (or, to the extent applicable, to apply the Aggregate Received Interest Amount to reduce the amounts payable by the Company to the Financing Provider pursuant to Section 4.01(a)).

Related to Received Interest

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • related interest means (1) a company (other than an insured bank or a foreign bank) that is controlled by an executive officer, director, or principal shareholder or (2) a political or campaign committee that is controlled by or the funds or services of which will benefit an executive officer, director, or principal shareholder. See Section 215.11(a)(2) of

  • REO Imputed Interest As to any REO Property, for any calendar month during which such REO Property was at any time part of REMIC I, one month's interest at the applicable Net Mortgage Rate on the Stated Principal Balance of such REO Property (or, in the case of the first such calendar month, of the related Mortgage Loan, if appropriate) as of the close of business on the Distribution Date in such calendar month.

  • Imputed Interest means any interest imputed under Section 1272, 1274 or 483 or other provision of the Code and any similar provision of state and local tax law with respect to the Corporate Taxpayer’s payment obligations under this Agreement.

  • Assigned Interest means (i) all of the respective Assignors’ rights and obligations in their respective capacities as Lenders under the Loan Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the Revolving Loan Commitments of the respective Assignors to the extent being assigned under this Agreement and (ii) to the extent permitted to be assigned under Applicable Law, all claims, suits, causes of action and any other right of the respective Assignors (in their respective capacities as Lenders) against any Person, whether known or unknown, arising under or in connection with the Loan Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above.