Deferrable Interest definition

Deferrable Interest means, with respect to any Monthly Payment Date and any Deferrable Component, an amount equal to the interest which is then due on the Component Outstanding Principal Balance of such Deferrable Component (including, for the avoidance of doubt, the outstanding Deferred Interest Amount with respect to such Deferrable Component) calculated using the applicable Deferrable Interest Rate for such Deferrable Component. For the avoidance of doubt, DC Interest Amount is a portion of the Deferrable Interest with respect to the related Deferrable Component.
View Source
Deferrable Interest means, with respect to any Monthly Payment Date and any Deferrable Component, an amount equal to the interest which is then due on the Component Outstanding Principal Balance of such Deferrable Component (including, for the avoidance of doubt, the outstanding Deferred Interest Amount with respect to such Deferrable Component) calculated using the applicable Deferrable Interest Rate for such Deferrable Component. For the avoidance of doubt, DC Interest Amount is a portion of the Deferrable Interest with respect to the related Deferrable Component. “Deferrable Interest Rate” means, (i) with respect to Component E1, 4.5000% per annum and (ii) with respect to Component E2, 4.5000% per annum. “Deferred Interest Amount” means, (i) with respect to Component E1, the Component E1 Deferred Interest Amount and (ii) with respect to Component E2, the Component E2 Deferred Interest Amount. “Deficiency” means, with respect to any Property File, (i) the failure of one or more Specified Documents contained therein to be fully executed or to match the information on the most recent Properties Schedule required to be delivered by Section 4.3.6, (ii) one or more Specified Documents contained therein are mutilated, materially damaged or torn or otherwise physically altered or unreadable or (iii) the absence from a Property File of any Specified Document required to be contained in such Property File. “Designated HOA Properties” means, with respect to any state, HOA Properties located in such state that (i) were not Applicable HOA Properties on the Closing Date, (ii) become Applicable HOA Properties after the Closing Date and (iii) are designated by Borrower to Lender in writing as Designated HOA Properties. “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semiannually. “Disqualified Property” means any Property that fails to constitute an Eligible Property (after the lapse of any applicable Cure Period). “DSCR Period” means, (i) with respect to Component E1, a Component D DSCR Period, (ii) with respect to Component E2, a Component E1 DSCR Period and (iii) with respect to whether a Trigger Period has occurred and is continuing, a Low DSCR Period.
View Source
Deferrable Interest shall have the meaning set forth in Section 3.4 of the Lease.
View Source

Examples of Deferrable Interest in a sentence

  • Except for the Fixed/Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033 (the “Debentures”) relating to the Indenture, dated August 28, 2003 (the “Indenture”), between KTYB and U.S. Bank National Association, as Trustee, no trust preferred or subordinated debt securities of KTYB or any KTYB Subsidiary are issued or outstanding.

  • Floating Rate Junior Subordinated Deferrable Interest Debenture of First Banks, Inc.

  • There is hereby authorized a series of debt securities designated the "____% Junior Subordinated Deferrable Interest Notes due ____", limited in aggregate principal amount to $____________, which amount shall be as set forth in any written order of the Company for the authentication and delivery of Notes pursuant to Section 2.02 of the Indenture.

  • HECO may from time to time create or establish one or more statutory business trusts for the purpose of issuing undivided beneficial interests in the assets thereof (the "Trust Securities") and using the proceeds thereof to acquire the Junior Subordinated Deferrable Interest Debentures of HECO and HECO's subsidiaries, including any of the Company's Debentures.

  • It is also used to compute the Variable Annuity Payments for Annuity Options 5 and 6.

  • The entire proceeds from the sale by the Trust to the holders of the Capital Securities shall be combined with the entire proceeds from the sale by the Trust to the Company of its common securities (the "Common Securities"), and shall be used by the Trust to purchase $15,464,000.00 in principal amount of the Floating Rate Junior Subordinated Deferrable Interest Debentures (the "Debentures") of the Company.

  • The Subordinated Securities will rank senior in right of payment to the 8.65% Junior Subordinated Deferrable Interest Debentures due 2027 and pari passu in right of payment to the 3¾% Convertible Senior Subordinated Notes due 2014.

  • Union Electric Subordinated Deferrable Interest Debentures 7.69% Series A due 2036: Dividend Restriction.

  • NBD Bank is Trustee under an Indenture, dated September 1, 1994, with MCN Corporation ("MCN"), securing an issue of $101,100,000 9-3/8% Series A Subordinated Deferrable Interest Debt Securities due November 30, 2024.

  • HECO may from time to time create or establish one or more statutory trusts for the purpose of issuing undivided beneficial interests in the assets thereof (the “Trust Securities”) and using the proceeds thereof to acquire the Junior Subordinated Deferrable Interest Debentures of HECO and HECO’s subsidiaries, including the Company’s Debentures.


More Definitions of Deferrable Interest

Deferrable Interest means any “Deferrable Interest” specified in the applicable Series Supplement.
View Source

Related to Deferrable Interest

  • Transferable interest means the right, as originally associated with a person’s capacity as a member, to receive distributions from a limited liability company in accordance with the operating agreement, whether or not the person remains a member or continues to own any part of the right.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Receivable Interest means, at any time, an undivided percentage ownership interest in (i) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 2.03, (ii) all Related Security with respect to such Pool Receivables, and (iii) all Collections with respect to, and other proceeds of, such Pool Receivables. Such undivided percentage interest shall be computed as

  • Eligible interests means interests or memberships.