Interest Allocation Sample Clauses

Interest Allocation. Interest and any other income arising out of the Permitted Investments shall be and become a part of the Trust Funds, allocated to the account for which such investment was made; provided, as of the first Business Day of each calendar quarter during the term hereof, Trustee and Paying Agent shall transfer to the Etame Operating Account quarterly all interest and any other income accruing on amounts in the TINWORTH Reserve Account in excess of the TINWORTH Reserve Account Maximum Balance.
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Interest Allocation. In the event that the funds have been invested on behalf of the subscribers pursuant to Section 2.1, the Bank-Escrowee shall at Closing Time, or after receipt of Notice of No Closing or Notice of Rejection return to such subscribers a pro rata portion (allocated as set forth below) of the interest or income earned thereon, and within three (3) business days thereafter send to the Issuer-Partnership a check register indicating the amounts disbursed and the payees. Such interest and income shall be allocated among the subscribers referred to in the preceding sentence in proportion to the amounts of their respective subscription funds and the lengths of time their subscription amounts were on deposit. The Bank-Escrowee shall provide to each subscriber, before January 31, 199___, a Form 1099 indicating the interest or income earned on such investment during 199___.
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Interest Allocation. Interest or any other income arising out of investment of the Bontang V Trust Funds shall be and become a part of the Bontang V Trust Funds, allocated to the account for which such investment was made. Interest or any other income arising out of investment of funds in a sub-account of the Debt Service Account or the Reserve Account shall be allocated to the sub-account for which such investment was made.
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Interest Allocation. Advances from the Allocation identified as "Interest" or similar in the Budget (the "Interest Allocation") may be made for accrued but unpaid interest on each interest payment date specified in the Note. Lender is hereby authorized (with or without Borrower's request) to credit the Note directly for such interest payment by interest journal entries on Lender's books and such amount shall be deemed an Advance. Following Borrower's satisfaction of any equity requirements, Borrower may provide Lender with a Draw Request to make an interest Advance in the amount equal to the accrued but unpaid interest under the unpaid Note. Upon the earlier of Stabilization and the Advance of the entire Interest Allocation, Borrower shall make interest payments directly to Lender in accordance with the provisions of the Note, but shall not be entitled to any other Advances to pay such interest. Further, to the extent that either (i) there is sufficient Net Cash Flow or (ii) there are sufficient funds on deposit in the Cash Flow Reserve (and made available by Lender), such funds shall be utilized to pay the interest obligations on the Note prior to any Advance from the Interest Allocation. Borrower agrees and acknowledges that the insufficiency of the amount of the Interest Allocation is not intended to, and shall therefore not, constitute a limitation on the obligation of Borrower to pay interest due and owing under the Note.
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Interest Allocation. Advances from the Allocation identified as "Interest" or similar in the Budget (the "Interest Allocation") may be made for accrued but unpaid interest on each interest payment date specified in the Note. Lender is hereby authorized (with or without Borrower's request) to credit the Note directly for such interest payment by interest journal entries on Lender's books and such amount shall be deemed an Advance. Following Borrower's satisfaction of any equity requirements, Borrower may provide Lender with a Draw Request to make an interest Advance in the amount equal to the accrued but unpaid interest under the unpaid Note. Upon the earlier of the Amortization Commencement Date and the full distribution of the Interest Allocation as provided in the Budget, Borrower shall make interest payments directly to Lender in accordance with the provisions of the Note, but shall not be entitled to any other Advances to pay such interest.
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Interest Allocation. Lender and Borrower have agreed to allocate the amount of $330,000.00 from the loan proceeds for payment of interest (“Interest Allocation”). Pursuant to the interest payment schedule outlined in the Loan Documents, Lender will advance funds from the Interest Allocation to keep interest payment current. Should the funds in the Interest Allocation be completely disbursed, Borrower agrees to maintain the interest payments current or to replenish the Interest Allocation with sufficient funds as required by the Lender. Notwithstanding the above, Borrower may, with notice to Lender, make interest payments directly to Lender pursuant to the interest payment schedule outlined in the Loan Documents.
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Interest Allocation. Without duplication of the amounts set forth in Section 3.5(a) above, on the date hereof, Loan proceeds in the amount of Seven Million Three Hundred Six Thousand Five Hundred Twenty-Eight and No/100 Dollars ($7,306,528.00) will be withheld by Lender and allocated for the payment of interest due and owing under the terms of this Agreement, the Note and the other Loan Documents (the “Interest Allocation”). Provided that there are sufficient funds available in the Interest Allocation and Borrower satisfies the Advance Conditions (unless Lender elects, in its sole discretion, to Advance notwithstanding Borrower’s failure to satisfy the Advance Conditions), Advances of the Interest Allocation will be automatically made to pay to Lender accrued but unpaid interest under the Note on each interest payment date specified in the Note (the “Interest Charges”). Lender is hereby authorized, without the necessity of notifying Borrower, to charge the Note directly for each such Interest Charge by interest journal entries on Lender’s books. In all events funds in the Interest Allocation shall be first applied to interest due and owing under this Agreement, the Note and the other Loan Documents prior to any sums due and owing under the Underlying Mortgage Loan Agreement, the Underlying Mortgage Note and the other Underlying Mortgage Loan Documents. Upon full distribution of the Interest Allocation or at any time that Lender elects not to Advance the Interest Allocation in accordance with this Section 3.5(b), Borrower shall make payments for Interest Charges directly to Lender in accordance with the provisions of the Note, and shall not be entitled to any other Advances to pay such Interest Charges. Borrower agrees and acknowledges that the insufficiency of the amount of the Interest Allocation or the election of Lender not to Advance the Interest Allocation in accordance this Section 3.5(b) is not intended to, and shall therefore not, constitute a limitation on the obligation of Borrower to pay the Interest Charges due and owing under the Note. It is hereby acknowledged and agreed that proceeds of the Underlying Loan in the amount of Three Million One Hundred Thirty-One Thousand Three Hundred Sixty-Nine and No/100 Dollars ($3,131,369.00) will be withheld by Borrower and allocated for the payment of Underlying Interest Charges (the “Underlying Interest Allocation”). Upon the full distribution of the Underlying Interest Allocation, if thereafter, (x) Underlying Interest Char...
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Interest Allocation. The Holders hereby waive any rights they may have to receive accrued interest under the Convertible Debentures, and no portion of the cash or Shares exchanged for the Convertible Debentures pursuant to this Agreement shall be deemed to constitute the payment of accrued interest with respect to the Convertible Debentures.
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Related to Interest Allocation

  • Cost Allocation Cost allocation of Generator Interconnection Related Upgrades shall be in accordance with Schedule 11 of Section II of the Tariff.

  • Payment Allocation Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate.

  • COSTS DISTRIBUTED THROUGH COUNTYWIDE COST ALLOCATIONS The indirect overhead and support service costs listed in the Summary Schedule (attached) are formally approved as actual costs for fiscal year 2022-23, and as estimated costs for fiscal year 2024-25 on a “fixed with carry-forward” basis. These costs may be included as part of the county departments’ costs indicated effective July 1, 2024, for further allocation to federal grants and contracts performed by the respective county departments.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04. PART I. [OPTIONS (a) THROUGH (d)].

  • Original Class A Percentage The Original Class A Percentage is 96.09547893%

  • Finance Charge Each Receivable provides for the payment of a finance charge or shall yield interest calculated on the basis of an APR ranging from 0.50% to 22.24%.

  • Interest Amount Unless otherwise specified in Paragraph 11(f)(iii), the Transferee will transfer to the Transferor at the times specified in Paragraph 11(f)(ii) the relevant Interest Amount to the extent that a Delivery Amount would not be created or increased by the transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed a Valuation Date for this purpose).

  • Distributions and Interest Amount (i) Interest Rate. "Interest Rate" for any day means, the Federal Funds Overnight Rate. For the purposes hereof, "Federal Funds Overnight Rate" means, for any day, an interest rate per annum equal to the rate published as the Federal Funds Effective Rate that appears on Telerate Page 118 for such day.

  • Allocation of Charges There will not be any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any Taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with or treated as a disregarded entity of the Servicer for tax purposes.

  • Determination of Monthly Interest (a) The amount of monthly interest ("Class A Monthly Interest") distributable from the Collection Account with respect to the Class A Certificates on any Distribution Date shall be an amount equal to the product of (i) a fraction, the numerator of which is the actual number of days in the period from (and including) the immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) such Distribution Date and the denominator of which is 360, (ii) the Class A Certificate Rate for such Distribution Date and (iii) the outstanding principal balance of the Class A Certificates as of close of business on the immediately preceding Record Date. On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class A Interest Shortfall"), of (x) the Class A Monthly Interest for such Distribution Date over (y) the aggregate amount of funds allocated and available to pay such Class A Monthly Interest on such Distribution Date. If the Class A Interest Shortfall with respect to any Distribution Date is greater than zero, on each subsequent Distribution Date until such Class A Interest Shortfall is fully paid, an additional amount ("Class A Additional Interest") equal to the product of (i) a fraction, the numerator of which is the actual number of days in the period from (and including) the immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) such Distribution Date and the denominator of which is 360, (ii) the sum of (x) the Class A Certificate Rate and (y) 2.0% per annum and (iii) such Class A Interest Shortfall (or the portion thereof which has not been paid to the Class A Certificateholders) shall be payable as provided herein with respect to the Class A Certificates. Notwithstanding anything to the contrary herein, Class A Additional Interest shall be payable or distributed to the Class A Certificateholders only to the extent permitted by applicable law. (b) The amount of monthly interest ("Class B Monthly Interest") distributable from the Collection Account with respect to the Class B Certificates on any Distribution Date shall be an amount equal to the product of (i) a fraction, the numerator of which is the actual number of days in the period from (and including) the immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) such Distribution Date and the denominator of which is 360, (ii) the Class B Certificate Rate for such Distribution Date and (iii) the Class B Invested Amount as of the close of business on the immediately preceding Record Date. On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class B Interest Shortfall"), of (x) the Class B Monthly Interest for such Distribution Date over (y) the aggregate amount of funds allocated and available to pay such Class B Monthly Interest on such Distribution Date. If the Class B Interest Shortfall with respect to any Distribution Date is greater than zero, on each subsequent Distribution Date until such Class B Interest Shortfall is fully paid, an additional amount ("Class B Additional Interest") equal to the product of (i) a fraction, the numerator of which is the actual number of days in the period from (and including) the immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) such Distribution Date and the denominator of which is 360, (ii) the sum of (x) the Class B Certificate Rate and (y) 2.0% per annum and (iii) such Class B Interest Shortfall (or the portion thereof which has not been paid to the Class B Certificateholders) shall be payable as provided herein with respect to the Class B Certificates. Notwithstanding anything to the contrary herein, Class B Additional Interest shall be payable or distributed to the Class B Certificateholders only to the extent permitted by applicable law. (c) The amount of monthly interest ("Collateral Monthly Interest") distributable from the Collection Account with respect to the Collateral Invested Amount on any Distribution Date shall be an amount equal to the product of (i) (A) a fraction, the numerator of which is the actual number of days in the period from (and including) the immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) such Distribution Date and the denominator of which is 360, (B) the Collateral Rate in effect with respect to the period from (and including) the immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) such Distribution Date, and (ii) the Collateral Invested Amount as of the close of business on the last day of the preceding Monthly Period; provided, however, with respect to the first Distribution Date, Collateral Monthly Interest shall be equal to the interest accrued on the Collateral Initial Invested Amount at the Collateral Rate for the period from the Closing Date to but excluding the first Distribution Date. On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the "Collateral Interest Shortfall") equal to (x) the aggregate Collateral Monthly Interest for such Distribution Date minus (y) the aggregate amount of funds allocated and available to pay such Collateral Monthly Interest on such Distribution Date. If the Collateral Interest Shortfall with respect to any Distribution Date is greater than zero, on each subsequent Distribution Date until such Collateral Interest Shortfall is fully paid, an additional amount ("Collateral Additional Interest") shall be payable as provided herein with respect to the Collateral Invested Amount equal to the product of (i) (A) a fraction, the numerator of which is the actual number of days in the period from (and including) the immediately preceding Distribution Date to (but excluding) such Distribution Date and the denominator of which is 360, (B) the Collateral Rate in effect during the period from (and including) the immediately preceding Distribution Date to (but excluding) such Distribution Date, and (ii) such Collateral Interest Shortfall (or the portion thereof which has not been paid to the Collateral Interest Holder). Notwithstanding anything to the contrary herein, Collateral Additional Interest shall be payable or distributed to the Collateral Interest Holder only to the extent permitted by applicable law.

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