Common use of Capitalised Interest Excluded From Limit Of Principal Sum Clause in Contracts

Capitalised Interest Excluded From Limit Of Principal Sum. For the purpose of ascertaining whether the limit of the principal intended to be hereby secured under the Operating Overdraft Facility has been exceeded or not all accumulated and capitalised interest shall be deemed to be interest and not principal sum.

Capitalised Interest Excluded From Limit Of Principal Sum. For the purpose of ascertaining whether the limit of the principal intended to be hereby secured under the Operating Overdraft Facility Revolving Term Loan has been exceeded or not all accumulated and capitalised interest shall be deemed to be interest and not principal sum.