Deemed Interest definition

Deemed Interest means an amount of interest equal to the average ninety-one day Treasury Bill rate, deemed to be payable by a resident person in respect of any outstanding loan provided or secured by the non-resident, where such loans have been provided free of interest.

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Deemed Interest means interest accruing on the development costs calculated in accordance with the rate of interest stipulated in Article 12.

Deemed Interest means the amount of interest that would have been earned had an amount deferred hereunder been invested at the Deemed Rate of Interest.

Examples of Deemed Interest in a sentence

• Any Losses covered by this indemnity shall be paid to each Indemnified Party on demand, and, failing prompt payment, shall, together with interest thereon at the Deemed Interest Rate from the date incurred by each Indemnified Party until paid in full, be added to the Obligations and be secured by the Collateral.

• Each rate of interest which is calculated with reference to a Deemed Interest Period that is less than the actual number of days in the calendar year of calculation is, for the purposes of the Interest Act (Canada), equivalent to a rate based on a calendar year calculated by multiplying such number of days in the Deemed Interest Period.

• Each rate of interest which is calculated with reference to a period (the “Deemed Interest Period”) that is less than the actual number of days in the calendar year of calculation is, for the purposes of the Interest Act (Canada), equivalent to a rate based on a calendar year calculated by multiplying such number of days in the Deemed Interest Period.

• The unrecovered costs for the additional development project and Deemed Interest thereon shall be carried forward to and recovered in succeeding Calendar Years until fully recovered.

• All such costs, expenses and charges incurred after the Closing Date will constitute Obligations hereunder, shall by payable by the Borrower to the Lender on demand and, if overdue by 30 days or more, until paid, will bear interest at the Deemed Interest Rate.

More Definitions of Deemed Interest

Deemed Interest shall, on a per annum basis, mean the sum of (i) the prevailing stated interest rate of the Notes (as it may be adjusted from time to time in accordance with this Indenture, including with respect to Additional Interest), (ii) the value of any Interest Make-Whole Payment made to the Holders, whether satisfied in cash or through the issuance of shares of Common Stock, and (iii) the value of additional payments made to the Holders under Section 14.03, whether satisfied in cash or through the issuance of shares of Common Stock, expressed as a percentage of the aggregate principal amount outstanding, but shall not include any Non-Interest Bearing Monetization.

Deemed Interest means interest accruing at an interest rate equal to 9% per annum; provided, however, that with respect to Contributions made for a Project or a Turbine prior to Completion of such Project or the Project to which such Turbine is assigned (as set forth in Exhibit G-3 to the Credit Agreement), Deemed Interest thereon shall accrue but not be payable until Completion of the relevant Project, at which time such accrued interest shall be added to, and be considered part of, the principal amount of such Contribution.

Deemed Interest means an amount equal to the interest and other income that would have otherwise been earned on the 50% of the Underwriters’ Fee paid to the Underwriters if such fee had been held in escrow as part of the Escrowed Funds and not paid to the Underwriters on the Closing Date;

Deemed Interest means interest that would have otherwise been earned on 50% of the Underwriters’ Commission and the full amount of the Underwriters’ Expenses as if such amount had been held in escrow as part of the Escrowed Funds and not paid to the Underwriters;

Deemed Interest means an amount equal to the interest and other income that would have otherwise been earned on the 50% of the Underwriters’ Fee paid to the Underwriters if such fee had been held in escrow as part of the Escrowed Funds and not paid to the Underwriters;

Deemed Interest shall, on a per annum basis, mean the sum of (i) the prevailing stated interest rate of the Notes (as it may be adjusted from time to time in accordance with this Indenture, including with respect to Additional Interest, Paid-In-Stock Interest, and upon the occurrence of a Green Bond Designation Event), (ii) the value of any Interest Make-Whole Payment made to the Holders, whether satisfied in cash or through the issuance of shares of Common Stock (iii) the value of additional payments made to the Holders hereunder under Section 14.03, whether satisfied in cash or through the issuance of shares of Common Stock, (iv) the value of payments made to the Holders pursuant to the Royalty Agreements, (v) the Year 3 Repurchase Price, and (vi) the Year 5 Repurchase Price, expressed as a percentage of the aggregate principal amount outstanding, but shall not include any Non-Interest Bearing Monetization.

Deemed Interest means the amount of interest that would have accrued on the Delayed Delivery Bonds through January 31, 2003 had they been issued on December 20, 2002, minus any amount by which the Escrow Funds exceed $97,500,000 on January 31, 2003.