Outstanding TIFIA Loan Balance definition
Outstanding TIFIA Loan Balance means the aggregate principal amount drawn by the Borrower and then outstanding (including capitalized interest) with respect to the TIFIA Loan, as determined in accordance with Section 7 (Outstanding TIFIA Loan Balance; Revisions to Exhibit G and Loan Amortization Schedule).
Outstanding TIFIA Loan Balance means, with respect to any TIFIA Loan, the “Outstanding TIFIA Loan Balance” as defined in the TIFIA Loan Agreement for such TIFIA Loan.
Outstanding TIFIA Loan Balance means the aggregate principal amount drawn by the Borrower pursuant to this Agreement and then outstanding (including capitalized interest) with respect to the TIFIA Loan, as determined in accordance with Section 7.
Examples of Outstanding TIFIA Loan Balance in a sentence
Notwithstanding anything herein or any other TIFIA Loan Document to the contrary, the Outstanding TIFIA Loan Balance and any accrued interest thereon shall be due and payable in full on the Final Maturity Date.
The interest rate with respect to the Outstanding TIFIA Loan Balance (the “TIFIA Interest Rate”) shall be three and seventy-nine hundredths percent (3.79%) per annum.
On each May 1 and November 1 occurring during the Capitalized Interest Period (and on the Semi-Annual Payment Date immediately following the end of the Capitalized Interest Period), interest accrued on the TIFIA Loan in the six (6)-month period ending immediately prior to such date shall be capitalized and added to the Outstanding TIFIA Loan Balance.