Capitalised Interest definition

Capitalised Interest means, in relation to any Mortgage Loan at any date, interest which is overdue in respect of such Mortgage Loan and which as at such date has been added to the Capital Balance of such Mortgage 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 capitalised on such date);

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Capitalised Interest means the increase in the Outstanding Principal Balance of a Flexible Loan that occurs as a result of the relevant Borrower having taken a Payment Holiday in respect of interest on that Flexible Loan, such increase to be in an amount equal to the Accrued Interest that was due but not paid; Capped Rate Loans means those Loans that are subject to a maximum rate of interest and where the interest rate payable by the Borrower is the lesser of the SVR or, as the case may be, the Tracker Rate and such specified maximum rate of interest; Carfax means Carfax Insurance Limited situated at The Albany, South Esplanade, St ▇▇▇▇▇ Port, Guernsey, Channel Islands; Cash means cash and/or amounts standing to the credit of a bank account, as the context shall require;

Capitalised Interest means, with respect to any Collection Period, the aggregate amount added to the Outstanding Principal Amount of Purchased Auto Loans (other than Defaulted Auto Loans) during that Collection Period and representing accrued interest otherwise falling due during any Payment Holiday and added to principal in accordance with the relevant Loan Contracts;

Examples of Capitalised Interest in a sentence

• As a result of making such payment the Seller Share of the Trust Property will increase by an amount equal to the amount paid to Funding 1 for Funding 1's Share of the Capitalised Interest and Funding 1's Share of the Trust Property will decrease by a corresponding amount.

• In consideration for the making of such payment the Seller Share of the Trust Property will increase by an amount equal to the amount paid to Funding for Funding's share of the Capitalised Interest, and the Funding Share will decrease by a corresponding amount.

• Where a NASDAQ Listing occurs prior to the Maturity Date, all of the Notes and Associated Capitalised Interest will be automatically converted into Shares (or ADRs representing Shares) at the applicable Conversion Price (Conversion Shares) in accordance with this clause 6.

• In the event that a NASDAQ Listing has not occurred by the Maturity Date, on the Repayment Date the Company must pay to the Noteholder the Face Value of the Note and Associated Capitalised Interest.

• The issue of Conversion Shares in accordance with this clause 6 operates in satisfaction of the Company’s obligation to repay the Face Value of the Notes and Associated Capitalised Interest converted into those Conversion Shares.

More Definitions of Capitalised Interest

Capitalised Interest means interest that is capitalised to the Outstanding Instalment Balance. See section 3.2.1 for more information.

Capitalised Interest means the increase in the Outstanding Principal Balance of a Flexible Loan that occurs as a result of the relevant Borrower having taken a Payment Holiday in respect of interest on that Flexible Loan, such increase to be in an amount equal to the Accrued Interest that was due but not paid;

Capitalised 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 capitalised on that date).

Capitalised Interest means interest that has accrued on the Convertible Loan Notes at the Interest Rate and that has been capitalised in accordance with Condition 4, and shall include compounded interest;

Capitalised Interest means an amount equal to the interest accrued on the Notes at the Capitalised Interest Rate.

Capitalised Interest. – means any accrued and uncollected interest which has been added to the principal amount of a loan at a payment date or at maturity; capitalised interest also includes unpaid interest which is refinanced or rolled-over into a new loan. For purposes of this Determination, capitalisation of interest will not be permitted unless:

Capitalised Interest means, in relation to a Loan, the amount of interest that would have been paid on a Loan if not for the Borrower under that Loan taking a Payment Holiday or making an Underpayment;