Examples of Interest Holdback in a sentence

Nothing herein is intended or shall be construed to alter or limit Borrower’s obligation to make the monthly interest payments on the Loan if the Interest Holdback and the Interest Reserve are inadequate or the conditions under Section 3.3 are not satisfied.
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.
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.
Establishment of the Interest Holdback shall in no way relieve the Borrowers of their obligation to make interest payments.
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.

More Definitions of Interest Holdback

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

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

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

Interest Holdback means: A holdback from the proceeds of the Loan in the amount of $13,749,726.

Interest Holdback has the meaning set forth in Section 1.1.4.