Interest Addition definition

Interest Addition is defined in Section 7.6.
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Interest Addition has the meaning specified in Section 5.6.
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Interest Addition as defined in Section 11.09.
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Examples of Interest Addition in a sentence

  • If an Interest Addition Date falls on a day which is not a Business Day, payment of Coupon will be deferred until the next Business Day.

  • The Fixed Coupon is payable semi-annually on each Interest Addition Date.

  • The Issuer may not declare dividends, repay or buy back debt which is subordinated to or ranks pari passu with the Capital Certificates or other Hybrid Core Capital if (i) any due Coupon has not been paid in whole or in part, or if(ii) the Coupon is lost under paragraph 6 and no full payment of Coupon has been made on two consecutive Interest Addition Dates after the date when the Coupon is lost.

  • The written finding of the Title Expert shall only set forth the Title Expert’s decision with respect to each applicable Open Title Defect and Interest Addition (or in the case of a Termination Dispute Notice, each Unagreed Termination Title Matter), and not the Title Expert’s rationale for the decision.

  • The Title Expert shall make a separate determination with respect to each Open Title Defect and Interest Addition (or in the case of a Termination Dispute Notice, each Unagreed Termination Title Matter).

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  • The Issuer may not declare dividends, repay or buy back debt which is subordinated to or ranks pari passu with the Capital Certificates or other Hybrid Tier 1 Capital if (i) any due Coupon has not been paid in whole or in part, or if (ii) the Coupon is lost under paragraph 5 and no full payment of Coupon has been made on two consecutive Interest Addition Days after the date when the Coupon is lost.

  • If an Interest Addition Date faIIs on a day which is not a Business Day, payment of Coupon wiII be deferred untiI the next Business Day.

  • If Seller and Purchaser agree on the existence and value of any Interest Addition, then the value of such Interest Addition shall be the agreed upon value for purposes of determining the Title Defect Adjustment, if any.

  • This chapter presents the proposed disparity map estimation algorithm using a joint entropy- distortion metric to select the disparities.


More Definitions of Interest Addition

Interest Addition shall have the meaning assigned thereto in Section 4.6.
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Interest Addition means, with respect to an Asset, the ownership by Seller of a (i) greater NRI in such Asset than the NRI set forth for such Asset on Exhibit A or (ii) a lesser WI in such Asset than the WI set forth for such Asset on Exhibit A without a proportionate change in NRI. Buyer acknowledges and agrees to comply with the affirmative obligation set forth in the first sentence of this Article. Each such notice of an Interest Addition shall be in writing and shall describe the Interest Addition and state the estimated amount by which the Allocated Value of the Asset has been increased by the Interest Addition (“Value of Interest Addition”), together with the associated computations and supporting documentation. The Parties shall determine the Value of Interest Addition in good faith in a manner consistent, to the extent practicable, with Article 4.1.D taking into account all relevant factors, and increase the Purchase Price accordingly (with the amount of such adjustment being the “Interest Addition Adjustment”).
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Interest Addition means with respect to any Lease, Well or Unit described on Schedule 5.13, (a) an increase in the Net Revenue Interest in, to and from such particular Lease, Well or Unit above the Net Revenue Interest identified for such Lease, Well or Unit on Schedule 5.13 as being associated with such Lease, Well or Unit so long as the Working Interest identified for such Lease, Well or Unit on Schedule 5.13 is not also increased, or (b) a reduction in the Working Interest for a particular Lease, Well or Unit below the Working Interest identified on Schedule 5.13 as being associated with such Lease, Well or Unit so long as the Net Revenue Interest identified for such Lease, Well or Unit on Schedule 5.13 is not also decreased.
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Interest Addition means an amount equal to a Participant's Deferred Compensation Account Balance as of the last day of the Year multiplied by the average twelve-month interest rate as selected by the Committee from time to time.
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Interest Addition means any right, circumstance or condition that operates (1) to increase the NRI of Seller in (I) any Lease or Well that does not contain a “(Non-Consent)” notation next to the well name for such Well on Exhibit B above that shown on Exhibit A or Exhibit B, as applicable, or (II) Well that contains a “(Non-Consent)” notation next to the well name for such Well on Exhibit B after payout of such Well above that shown for such Well as set forth on Exhibit B to the extent, with respect to clauses (I) and (II), the same does not cause a greater than proportionate increase in Seller’s Working Interest therein above that shown on Exhibit A or Exhibit B, as applicable, (2) to decrease the Working Interest of Seller in any (y) Well shown on Exhibit B that does not contain a “(Non-Consent)” notation next to the well name for such Well on Exhibit B below that shown on Exhibit B, or (z) Well shown on Exhibit B that contains a “(Non-Consent)” notation next to the well name for such Well on Exhibit B after payout of such Well of below that shown on Exhibit B for such Well, except, in the case of clauses (y) and (z), to the extent the same causes a decrease in Seller’s Working Interest that is proportionately greater than the decrease in Seller’s NRI therein below that shown on Exhibit B, or (3) to increase the Net Acres of Seller covered by the Lease above that shown on Exhibit A.
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Interest Addition is defined in Section 4.3(a).
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Related to Interest Addition

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Title Benefit Amount has the meaning set forth in Section 6.2(d).

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Title Benefit means Seller’s interest in any Subject Interest that is greater than or in addition to that set forth in Exhibit B (including, without limitation, a Net Revenue Interest that is greater than that set forth in Exhibit B) or Seller’s Working Interest in any Subject Interest that is less than the Working Interest set forth in Exhibit B (without a corresponding decrease in the Net Revenue Interest). Any matters that may otherwise constitute Title Benefits, but of which Buyer has not been specifically notified by Seller in accordance with the foregoing, shall be deemed to have been waived by Seller for all purposes.

  • Environmental Defect Value means, with respect to any Environmental Defect, the value, as of the Closing Date, of the estimated costs and expenses to correct such Environmental Defect in the most cost-effective manner reasonably available, consistent with Environmental Laws, taking into account that non-permanent remedies (such as mechanisms to contain or stabilize hazardous materials, including monitoring site conditions, natural attenuation, risk-based corrective action, institutional controls or other appropriate restrictions on the use of property, caps, dikes, encapsulation, leachate collection systems, etc.) may be the most cost-effective manner reasonably available.

  • Allocated Value means, in respect of any particular asset of a Participating CCAA Party, the amount of the sale proceeds realized from such asset, net of costs allocated to such asset all pursuant to the Allocation Methodology and, in respect of any Secured Claim, the amount of such sale proceeds receivable on account of such Secured Claim after taking into account the priority of such Secured Claims relative to other creditors holding a Lien in such asset;

  • Title Defect means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • REMIC 2 Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA minus the Marker Rate, divided by (b) 12.

  • Cap Rate For each Calculation Period, as set forth for such period on Schedule I attached hereto. Floating Rate for initial Calculation Period: To be determined Floating Rate Day Count Fraction: Actual/360 Floating Rate Option: USD-LIBOR-BBA, provided, however, if the Floating Rate Option for a Calculation Period is greater than 10.00% then the Floating Rate Option for such Calculation Period shall be deemed equal to 10.00%.

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Original Assessed Value means zero dollars ($284,400), the taxable assessed value of the Developer Property as of March 31, 2020 (April 1, 2019), provided, however that in the event that a City revaluation occurs and results in an increase or decrease of any Developer Property that was included as a part of the initial Original Assessed Value as of April 1, 2019, the Original Assessed Value then in effect shall be increased or decreased by a like amount and such adjusted Original Assessed Value shall thereafter (subject to another City revaluation) be the Original Assessed Value for the purposes of this Agreement.

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • Mental deficiency means mental deficiency as defined by appropriate clinical authorities to such extent that a person so afflicted is incapable of managing himself and his affairs, but shall not include mental illness as defined herein.

  • Title Defects has the meaning set forth in Section 5.15(b).

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.

  • Actual Interest Amount is defined in Section 3.1(b)(vii) of this Agreement.

  • Delayed Payment Interest Rate means the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive’s separation from service.