Use of Interest Sample Clauses

Use of InterestThe Organization may expend funds generated from the endowment program fund only for programming costs incurred while engaged in programs directly related to cultural activities, or reinvestment of any residual to expand the principal fund.
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Use of Interest. Unless otherwise directed by the Province by Notice, if the Recipient earns any interest on the Funds, the Recipient must use any interest earned on Eligible Costs.

Related to Use of Interest

  • Sale of Interest The Member has the full right, at any point in time, to sell their LLC interest.

  • Default Rate of Interest Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. above: (a) in the case of an overdue amount of principal, the higher of the rates set out at paragraphs (a) and (b) of Clause 7.3; or (b) in the case of any other overdue amount, the rate set out at paragraph (b) of Clause 7.3.

  • Payment of Interest The Borrower shall pay accrued interest on each Loan on the last day of each Interest Period.

  • Treatment of Interest For Federal and State tax purposes (i) interest shall accrue at the Accrual Rate, and (ii) payments made pursuant to section 2 shall first be treated as interest, up to the amount of interest so accrued, then shall be treated as principal, until Purchaser has received, as principal, the entire Principal Amount, and then shall be treated as interest.

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