Examples of Interest During Construction in a sentence
Requisitions and Disbursements; Conditions Precedent; Interest During Construction.
Project Management Consultancy charges (PMC @ 3%) Interest During Construction (IDC) EESL post tax return on equity shall be 14% per annum The debt equity ratio will be 80:20 The interest rate on debt will be on actuals subject to a maximum rate of 10.50% Establishment &Supervision Charges (ESC) will be limited to 3%.
The Borrower shall use the proceeds of the Term Loans to (a) fund the Revenue Account in an amount equal to Capital Expenditures required to complete the Modifications, (b) fund the Interest During Construction Account to the Required Interest During Construction Amount, and (c) pay any fees and expenses incurred by the Borrower in connection with the Term Loan.
The Interest During Construction Account and Prepayment Account shall have been established as required pursuant to the Collateral Agency Agreement.
The Interest During Construction Account shall have been funded, or shall be funded with proceeds of the Term Loan (as set forth in the Funds Flow Memorandum), to the Required Interest During Construction Amount.
Interest During Construction $80,000.00 $0.00 $80,000.00 $0.00 $0.00 $0.00 $80,000.00 $0.00 $80,000.00 $0.00 5.Architecture/Engi neering Fees $795,600.00 $0.00 $795,600.00 $0.00 $0.00 $0.00 $795,000.00 $0.00 $795,000.00 $600.00 6.