MAXIMUM CAPITALIZED INTEREST AMOUNT definition

MAXIMUM CAPITALIZED INTEREST AMOUNT means, with respect to each Distribution Date following a Collection Period during which amounts are on deposit in the Prefunding Account, an amount equal to the sum of the Note Interest Distributable Amount (assuming no further reductions in principal on the Notes) for each remaining Distribution Date during the Funding Period and for the Distribution Date immediately following the Funding Period, plus the sum of the fees payable to the Owner Trustee, the Indenture Trustee and the Trust Agent and the premium payable to the Insurer for each such Distribution Date, in each case, allocable to the balance in the Prefunding Account on the opening of business on the first day of the beginning of the month in which the Maximum Capitalized Interest Amount is being calculated for the Distribution Date in that same month, on a pro rata basis, minus the earnings to be received by the Indenture Trustee on behalf of the Trust through August 13, 2001 from investment of the funds on deposit in the Prefunding Account, assuming that no additional Prefunded Contracts are conveyed to the Trust and that interest at a rate of 2.5% per annum is earned on amounts on deposit in the Prefunding Account.
MAXIMUM CAPITALIZED INTEREST AMOUNT means the maximum amount of capitalized interest as set forth in the WIFIA Bond.
MAXIMUM CAPITALIZED INTEREST AMOUNT means $25,000,000.00. “MNPI” means material information concerning Borrower or any Affiliate of any of the foregoing or their respective securities that has not been disseminated in a manner making it available to investors generally, within the meaning of Regulation FD under the Securities Act and the Exchange Act. For purposes of this definition, “material information” means information concerning Borrower or any Affiliate of any of the foregoing, or any of their securities, that would reasonably be expected to be material for purposes of the United States federal and state securities laws.

More Definitions of MAXIMUM CAPITALIZED INTEREST AMOUNT

MAXIMUM CAPITALIZED INTEREST AMOUNT the limit on capitalized interest covered by the Guaranteed Loan, not to exceed $193,356,491.63.
MAXIMUM CAPITALIZED INTEREST AMOUNT. An amount equal to three million, sixty two thousand, and fourteen Dollars ($3,062,014).
MAXIMUM CAPITALIZED INTEREST AMOUNT has the meaning given to such term in the FFB Note.
MAXIMUM CAPITALIZED INTEREST AMOUNT has the meaning specified in Section 7(b) of the applicable FFB Promissory Note.
MAXIMUM CAPITALIZED INTEREST AMOUNT means, solely with respect to the Building Note, $29,939,542.02.
MAXIMUM CAPITALIZED INTEREST AMOUNT means, with respect to each Distribution Date following a Collection Period during which amounts are on deposit in the Prefunding Account, an amount equal to the sum of the portions of the Note Interest Distributable Amount and the Certificate Interest Distributable Amount (assuming no further reductions in principal on the Notes or Certificates) for each remaining Distribution Date during the Funding Period and for the Distribution Date immediately following the Funding Period, plus the sum of the fees payable to the Owner Trustee, the Indenture Trustee and the Trust Agent and the premium payable to the Insurer for each such Distribution Date, in each case, allocable to the balance in the Prefunding Account at the beginning of the month in which the Maximum Capitalized Interest Amount is being calculated, on a pro rata basis, minus the earnings to be received by the Indenture Trustee on behalf of the Trust through December 31, 1999 from investment of the funds on deposit in the Prefunding Account, assuming that no additional Prefunded Contracts are conveyed to the Trust and that interest at a rate of 2.5% per annum is earned on amounts on deposit in the Prefunding Account.

Related to MAXIMUM CAPITALIZED INTEREST AMOUNT

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Aggregate Class B Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class B Notes as of such Distribution Date and (ii) the Class B Interest Carryover Shortfall as of the close of the preceding Distribution Date.