Capitalized Interest definition

Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

Capitalized Interest means funds in any capitalized interest account available to pay debt service on Bonds.

Capitalized Interest means (i) for any particular Series, that portion of the proceeds of the Bonds of such Series, if any, required by the Supplemental Resolution authorizing such Series to be deposited in a sub-account established for such Series in the Capitalized Interest Account of the Debt Service Fund, for the purpose of funding the payment of a portion of the interest on the Bonds of such Series and (ii) for any Parity Bond Anticipation Notes, that portion of the proceeds of such Parity Bond Anticipation Notes, if any, required by the resolution authorizing such Bond Anticipation Notes to be deposited in a sub-account established for such Parity Bond Anticipation Notes in the Capitalized Interest Account of the Debt Service Fund, for the purpose of funding the payment of interest on such Bond Anticipation Notes.

Examples of Capitalized Interest in a sentence

• Amounts on deposit in the Principal and Interest Account shall be used to pay principal and interest on the Bonds as the same shall become due after funds in the Series Capitalized Interest Account have been depleted.

• Any amount remaining on deposit in the Series _ Capitalized Interest Account on , 20 , shall be used to pay interest on the Bonds, as the City shall direct, before funds from the Principal and Interest Account are used.

• Moneys on deposit in the Series Capitalized Interest Account, and the interest earnings thereon, shall be applied to pay interest due on the Bonds on each of the Interest Payment Dates occurring on and before , 20 .

• There is established with the Trustee an account within the Bond Fund, designated as the “Series Capitalized Interest Account” (the “Series Capitalized Interest Account”).

More Definitions of Capitalized Interest

Capitalized Interest means the amount equal to interest paid

Capitalized Interest means for any Distribution Date through and including the July 2006 Distribution Date:

Capitalized Interest means a finance charge that accrues at the Financing Rate on Loan proceeds from the time of disbursement until six months before the first Semiannual Loan Payment is due. Capitalized Interest is financed as part of the Loan principal.

Capitalized Interest means all or a portion of the interest payable on securities from their date to a date stated or provided for in the applicable legislation, which interest is to be paid from the proceeds of the securities.

Capitalized Interest means, for any Loan at any date, interest which is overdue in respect of that Loan and which as at that date has been added to the Capital Balance of that Loan in accordance with the Mortgage Conditions or otherwise by arrangement with the relevant Borrower (excluding for the avoidance of doubt any Arrears of Interest which have not been so capitalized on that date);

Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a

Capitalized Interest means the amount equal to interest paid on trust bonds which is funded with trust bond proceeds and the earnings thereon;