AV Negative Interest Amount definition

AV Negative Interest Amount means the absolute value of any negative interest amount payable by the Issuer, or the Swap Counterparty, as applicable, pursuant to the Credit Support Annex in accordance with the Negative Interest Protocol (as defined in the Credit Support Annex). Noteholders are referred to the Credit Derivatives Definitions, as amended by Section 8 of the Charged Agreement set out in Annex 1 to this Prospectus, and to paragraph 25(B) (Credit Event Redemption) of these Terms, for further details on such partial redemption of the Notes.
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AV Negative Interest Amount means the absolute value of any negative interest amount payable by the Issuer, or the Swap Counterparty, as applicable, pursuant to the Credit Support Annex in accordance with the Negative Interest Protocol (as defined in the Credit Support Annex). 25. Early Redemption:
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AV Negative Interest Amount means, in respect of any negative Interest Amount, the absolute value of such negative Interest Amount."
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Examples of AV Negative Interest Amount in a sentence

  • For the purposes of Paragraph 5(c), neither Party A nor Party B shall be required to transfer Equivalent Distributions or Interest Amounts, save in relation to any AV Negative Interest Amount in respect of the Extension Calculation Period.

  • For the purpose of determining the AV Negative Interest Amount, the applicable Interest Rate shall be any official overnight interest rate applicable to the Interest Amounts and/or cash set by a central bank or other monetary authority, as determined by the Valuation Agent.

  • The foregoing specified timing for the transfer of Interest Amounts shall remain in effect for positive Interest Amounts but shall also apply for the transfer of AV Negative Interest Amounts, so that the transfer of a positive Interest Amount and the transfer of an AV Negative Interest Amount, as applicable, shall be made as provided herein, regardless of whether the amount to be transferred on any date is a positive Interest Amount or an AV Negative Interest Amount.


More Definitions of AV Negative Interest Amount

AV Negative Interest Amount means the absolute value of any negative interest amount payable by the Issuer, or the Swap Counterparty, as applicable, pursuant to the Credit Support Annex in accordance with the Negative Interest Protocol (as defined in the Credit Support Annex). Noteholders are referred to the Credit Derivatives Definitions, as amended by Section 8 of the Charged Agreement set out in Annex 1 to this Prospectus, and to paragraph 26(B) (Credit Event Redemption) of these Terms, for further details on such partial redemption of the Notes.
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Related to AV Negative Interest Amount

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.

  • Note Interest Distributable Amount means, with respect to any Payment Date and a Class of Notes, the sum of the Note Monthly Interest Distributable Amount for such Payment Date and the Note Interest Carryover Shortfall for such Class of Notes. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-2, Class A-3 and Class A-4 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months; and interest with respect to the Class A-1 Notes shall be computed on the basis of the actual number of days in each applicable Interest Accrual Period, divided by 360.

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.