Capitalized Interest Sample Clauses
Capitalized Interest. Section 2.9 of the Lease is hereby amended to add the following sentence at the end of the Section: During the Construction Period for a Building or phase of Buildings, Capitalized Interest for such Building or phase of Buildings shall be calculated using the Construction Period Monthly Calculation set forth in Section 2.43.
Capitalized Interest. If and to the extent that the Lessee does not request an Advance to pay any Capitalized Interest, then the Lessee will pay the amount thereof to the Lessor on the last day of the Interest Period during which such Capitalized Interest has accrued.
Capitalized Interest. Interest on the Term Loan shall accrue monthly on the last day of each month so long as any principal under the Term Loan is unpaid. Prior to the date on which the Revolving Credit Agreement is terminated and all obligations thereunder have been finally paid in full or if such interest is not paid on the last day of any month thereafter, interest on the Term Loan shall be capitalized and added to the outstanding principal balance of the Term Loan.
Capitalized Interest. Except as otherwise provided in this Section 2.07(d), and subject to satisfaction of the applicable conditions to Loans set forth in Section 4.04, any interest due on Tranche A Loans prior to the Conversion Date shall be capitalized on the date such interest is due and payable by entry on the books of AEF of such amount as a Tranche A Loan to the Customer. Any such interest so capitalized shall constitute a Tranche A Loan to the Customer for such amount made on the date on which such interest shall have been otherwise due and payable. Pursuant to a written notice delivered to AEF not later than thirty (30) days prior to the date that any interest shall become due and payable, the Customer may elect to terminate the capitalization of interest under this Section 2.07(d), in which case no such capitalization of interest shall occur from and after the first day of the next succeeding Interest Period.
Capitalized Interest. Provided that no Event of Default or Pending Event of Default is then existing, on any Interest Payment Date before the Cash Interest Commencement Date, the Borrower shall have the option to elect (by giving written notice to the Agent at least 10 Business Days prior to such Interest Payment Date) to capitalize interest accrued and payable on such Interest Payment Date in accordance with Section 2(f), in which case, on such Interest Payment Date, the Principal Amount of each Advance shall be increased by the amount of such accrued interest thereon, and such increased Principal Amount shall continue to accrue interest in accordance with Section 2(f).
Capitalized Interest. Beginning balance: 0.00 Capitalized interest acct requirement (projected interest shortfall) 0.00
Capitalized Interest. Except as otherwise set forth in the Subordination Agreement, at any time that the Cash Interest Condition is satisfied, Borrowers may pay cash interest to Subordinated Lender in accordance with and subject to the Subordination Agreement. All amounts on deposit in the Sinking Fund Account on the Maturity Date shall be applied by Bank to the then-outstanding principal balance of the Loan and Note. Upon the occurrence of an Event of Default, Bank may, at its discretion, apply all amounts on deposit in the Sinking Fund Account to the Obligations in such order as Bank may determine without consent of or notice to Borrowers or Guarantor.
Capitalized Interest. Generally, interest shall be capitalized for the construction period of a revenue-producing project, that debt service expense does not begin until the project is expected to be operational and producing revenues. In addition, for lease back arrangements, such as those used for lease revenue bond transactions interest may be capitalized for the construction period, until the asset is operational. Only under extraordinary circumstances, interest may be capitalized for a period longer than the construction period. The District will seek to maintain the highest possible credit ratings that can be achieved for debt instruments without compromising the District’s policy objectives. Ratings are a reflection of the general fiscal health of the District. By maintaining the highest possible credit ratings, the District can issue its debt at a lower interest cost. To enhance creditworthiness, the District is committed to prudent financial management, systematic capital planning, and long-term financial planning. The District recognizes that external economic, natural, or other events may from time to time affect the creditworthiness of its debt. Each proposal for additional debt will be analyzed for its impact upon the District’s debt rating on outstanding debt.
Capitalized Interest. To the extent that Maker elects to add accrued interest at any Interest Payment Date to the principal of this Note ("Capitalization of the Interest"), such accrued interest shall thereafter be included in the principal amount of this Note for all purposes. In connection with any such election by Maker, Maker shall notify in writing each of the persons constituting Payee of its election and include in such notice a statement setting forth the new principal of the Note as of such Interest Payment Date. Any notice hereunder to each of the persons constituting Payee shall be delivered to the respective addresses set forth in Maker's records unless and until any such person provides written notice to Maker to the contrary.
Capitalized Interest. The Borrower shall not, and shall not permit its Subsidiaries to, allow the Capitalized Interest, measured as of the end of each Quarter, to exceed 8% of the value of Real Estate Development Assets.
(r) Section 7.12 ("Transfer of Assets to Captive Insurance Subsidiary") shall be amended as follows: