Interest Subsidy Payment definition

Interest Subsidy Payment means, with respect to any Build America Bond, payments provided directly from the Treasury Secretary in an amount equal to 35% of the corresponding interest payable on the related Build America Bond.
Sample 1
Interest Subsidy Payment means an interest payment on Student Loans received pursuant to the Higher Education Act and an agreement with the federal government, or any similar payments.
Sample 1
Interest Subsidy Payment means any refundable credit, subsidy or other payment received by the University with respect to the Series 2010 Bonds as "Build America Bonds (Direct Payment)" pursuant to Sections 54AA and 6431 and related provisions of the Code. The Interest Subsidy Payment percentage for the Series 2010 Bonds is 35%.
Sample 1

Examples of Interest Subsidy Payment in a sentence

  • Currently biospecimens, and clinical and 8 outcome data, are collected for less than half of chil- 9 dren in the United States with cancer.

  • Debt Service on Outstanding Bonds net of capitalized interest and anticipated BABs Interest Subsidy Payment.

  • No connected persons (as defined in the Listing Rules) of the Bank have notified it of a present intention to sell Shares to the Bank and no such persons have undertaken not to sell such Shares to the Bank in the event that the general mandate is granted by shareholders.

  • Data on all approved loans will be transmitted to the Statewide Interest Subsidy Payment Agent using procedures and file formats already in place with the CONSULTANT for other MA PA RCD Programs.

  • The representations of the Authority, the University, and the Trustee contained in this Tax Agreement are intended to apply from and after the Issue Date as long as the Authority requests or claims any BAB Interest Subsidy Payment on the Bonds, including any BAB Interest Subsidy Payment claimed or requested following the defeasance of the Bonds.

  • The Agency shall deposit with the Trustee for deposit in the Revenue Fund, upon receipt, any Interest Subsidy Payment received by the Agency.SECTION 5.04.

  • The Trustee is directed to use amounts in the Reserve Fund to make transfers to the Interest Account to remedy any deficiency therein arising from the failure of the Authority to receive the anticipated Interest Subsidy Payment as of two Business Days prior to any Interest Payment Date relating to the Authority’s Build America Bonds.


More Definitions of Interest Subsidy Payment

Interest Subsidy Payment means the refundable tax credit to be paid to VPSA by the Secretary in an amount equal to the amount of interest payable under the VPSA Bonds on
Sample 1
Interest Subsidy Payment means interest payments paid during certain periods by the Secretary of Education with respect to certain FFELP Loans meeting certain requirements.
Sample 1

Related to Interest Subsidy Payment

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

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

  • Interest Funds With respect to each Mortgage Group and any Payment Date, (a) the sum of, without duplication, (1) all interest collected (other than the interest portion of Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Mortgage Group during the related Due Period by the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor Master Servicer), minus, (x) to the extent provided under Sections 4.02(e)(3) and (4) and Sections 5.08(i) and (ii) herein, previously unreimbursed Advances and Nonrecoverable Advances due to the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor master servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans in such Mortgage Group, (y) the Servicing Administration Fee and Master Servicing Fee with respect to such Mortgage Loans in such Mortgage Group and (z) any fees and expenses of any Custodian with respect to the Mortgage Loans in such Mortgage Group to the extent not paid by the Seller or its Affiliates, (2) any Compensating Interest Payments or payments in respect of Prepayment Interest Shortfalls paid by the Master Servicer pursuant to Section 5.21 with respect to the related Prepayment Period with respect to the Mortgage Loans in such Mortgage Group, (3) the portion of any Purchase Price or Substitution Amount paid with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period, to the extent allocable to interest, as reduced by (b) such Mortgage Group’s pro rata share of: (i) the Owner Trustee Fee, (ii) any costs, expenses or liabilities reimbursable or otherwise due to the Master Servicer, Servicer, the Subservicer, the Indenture Trustee, any Custodian, the Owner Trustee or the Trust Administrator to the extent provided in this Agreement, the Trust Agreement, the Indenture and any Custodial Agreement and (iii) any Net Swap Payment.

  • Special Payment Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or the Collateral (as defined in any Indenture).

  • Late Payment Charge means the charge that is applied when either Party fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available or received by either Party as of the Bill Due Date, or if either Party does not submit the Remittance Information.

  • 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.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Prepayment Charges Any prepayment premium or charge payable by a Mortgagor in connection with any Principal Prepayment on a Mortgage Loan pursuant to the terms of the related Mortgage Note or Mortgage, as applicable.

  • 60+ Day Delinquent Mortgage Loan (i) Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, two months or more past due (without giving effect to any grace period), including, without limitation, such Mortgage Loans that are subject to bankruptcy proceedings, (ii) each Mortgage Loan in foreclosure and (iii) all REO Property.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Delinquent Mortgage Loan The meaning ascribed thereto in Section 11.02.

  • Monthly Payments has the meaning set forth in Section 7.2B.