Aggregate Interest Component definition

Aggregate Interest Component means aggregate sum of the Interest Components of all issued and outstanding Related Commercial Paper.
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Aggregate Interest Component means, with respect to any calendar month, the sum for all Commercial Paper outstanding at any time during such calendar month of an amount with respect to each Commercial Paper Note outstanding at any time during such calendar month equal to the product of (x) the Interest Component of such Commercial Paper Note multiplied by (y) a fraction the numerator of which is the number of days during such calendar month that such Commercial Paper Note was outstanding and the denominator of which is the total number of days such Commercial Paper Note was or is scheduled to be outstanding, as the case may be.
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Aggregate Interest Component means, with respect to any Settlement Period, the amount of interest accrued during such Settlement Period on all Commercial Paper outstanding at any time during such Settlement Period calculated by reference to the Edison CP Rate for such Settlement Period; provided, that, with respect to the Settlement Period ending on March 31, 1998, the Aggregate Interest Component shall be the foregoing amount plus the amount of any interest accrued through March 20, 1998 on any commercial paper issued by the Company to make or maintain purchases of Receivables pursuant to Sections 2.01 or 2.02 hereof.
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More Definitions of Aggregate Interest Component

Aggregate Interest Component means, with respect to any Settlement Period, the sum for all Commercial Paper outstanding at any time during such Settlement Period of an amount with respect to each Commercial Paper Note outstanding at any time during such Settlement Period equal to the product of (x) the Interest Component of such Commercial Paper Note multiplied by (y) a fraction the numerator of which is the number of days during such Settlement Period that such Commercial Paper Note was outstanding and the denominator of which is the total number of days such Commercial Paper Note was or is scheduled to be outstanding, as the case may be.
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Aggregate Interest Component means, with respect to each Conduit, the sum of the Interest Components of all issued and outstanding Related Commercial Paper of such Conduit.
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Related to Aggregate Interest Component

  • Interest Component means, at any time of determination for any Conduit Investor, the aggregate Yield accrued and to accrue through the end of the current Rate Period for the Portion of Investment accruing Yield calculated by reference to the CP Rate at such time (determined for such purpose using the CP Rate most recently determined by its Administrator).

  • Aggregate Funded Spread As of any Measurement Date, the sum of: (a) in the case of each Floating Rate Obligation (other than a Defaulted Obligation) that bears interest at a spread over a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Debt (including, for any Permitted Deferrable Obligation, only the excess of the required current cash pay interest required by the Underlying Documents thereon over the applicable index and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation), (i) the stated interest rate spread paid in Cash on such Collateral Obligation above such index multiplied by (ii) the Principal Balance of such Collateral Obligation; provided that (i) with respect to any Floor Obligation, the stated interest rate spread paid in Cash on such Collateral Obligation over the applicable index shall be deemed to be equal to the sum of (x) the stated interest rate spread paid in Cash over the applicable index and (y) the excess, if any, of the specified “floor” rate relating to such Collateral Obligation over the greater of zero and the applicable index and (ii) the interest rate of each Step-Up Obligation will be deemed to be its current rate of interest and the interest rate of each Step-Down Obligation will be deemed to be the lowest rate of interest that such Collateral Obligation will by its terms pay in the future solely as a function of the passage of time; and (b) in the case of each Floating Rate Obligation (including, for any Permitted Deferrable Obligation, only the required current cash pay interest required by the Underlying Documents thereon and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation) that bears interest at a spread over an index other than a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Debt, (i) the excess of (x) the sum of such spread and the greater of such index or any applicable floor paid in Cash over (y) the Benchmark applicable to the Floating Rate Debt as of the immediately preceding Interest Determination Date (which spread or excess may be expressed as a negative percentage) multiplied by (ii) the Principal Balance of each such Collateral Obligation.

  • Loan Group 1 Principal Distribution Amount With respect to any Distribution Date, that portion, if any, of the Principal Distribution Amount attributable to Loan Group 1.

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Class A Principal Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, determined as follows: (A) with respect to the Group I Class A Certificates, a fraction, the numerator of which is (x) the portion of the Principal Remittance Amount for such Distribution Date that is attributable to the principal received or advanced on the Group I Mortgage Loans and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date and (B) with respect to the Group II Class A Certificates, a fraction, the numerator of which is (x) the portion of the Principal Remittance Amount for such Distribution Date that is attributable to the principal received or advanced on the Group II Mortgage Loans and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date.