Interest Holdback definition

Interest Holdback means the Holdback for Interest as defined in a Note.

Interest Holdback shall have the meaning set forth in Section 2.1(a).

Interest Holdback means an amount (equal initially, to $0) sufficient in the reasonable discretion of the Administrative Agent to pay the projected amount by which interest payable on the aggregate Revolving Commitments (whether disbursed or not) exceeds or is projected to exceed net operating income from the Commercial Property through the Maturity Date, which amount may be reduced or increased at the end of each calendar quarter following the Effective Date as the Administrative Agent deems in its reasonable discretion is necessary.

Examples of Interest Holdback in a sentence

• Establishment of the Interest Holdback shall in no way relieve the Borrowers of their obligation to make interest payments.

• Interest that would be payable to B Participant under Section 4 may be disbursed to B Participant by book entry, and all interest disbursed from the Interest Holdback, whether in cash or by book entry, shall be added to the principal balance of the applicable Note.

• Notwithstanding the foregoing, B Participant shall have no obligation to fund interest from the Interest Holdback if B Participant has determined to take an Enforcement Action, if the Interest Holdback is exhausted or if B Participant has made a non-recoverability decision under Section 5K.

• B Participant agrees to disburse Loan proceeds from the Holdbacks (other than the Interest Holdback) in accordance with and subject to the terms and conditions of the applicable Loan Agreement and Loan Documents and the terms and conditions of this Agreement.

• Afghanistan’s Anti-Corruption Efforts, SIGAR 18-51-AR, May 2018, p 74.

More Definitions of Interest Holdback

Interest Holdback is defined in Section 3.6.

Interest Holdback means that undisbursed portion of the Existing Mezzanine Loan as of the Amendment Closing Date, equal to $1,953,629.58, which has been allocated under the Existing Mezzanine Loan Agreement, for the sole purpose of paying Debt Service on the Loans and the Existing Mezzanine Loan due and accruing on, and subsequent to, the Amendment Closing Date.

Interest Holdback has the meaning given such term in Section 2.1(b)(i).

Interest Holdback means a portion of the Credit Limit equal, initially, to $0, which amount may be reduced or increased on each anniversary of the Effective Date as the Administrative Agent deems in its reasonable discretion is necessary to pay the projected Unfunded Interest through the then-current Maturity Date as determined in good faith by the Administrative Agent.

Interest Holdback has the meaning assigned in Section 2.1(3)(b).

Interest Holdback shall have the meaning given to such term in Exhibit D of this Agreement.

Interest Holdback the amount of $500,000 held back from the Initial Advance for payment of accrued but unpaid interest on the Loan.