SECTION 467 INTEREST definition
SECTION 467 INTEREST means and include the Lessor Section 467 Interest and the Lessee Section 467 Interest.
SECTION 467 INTEREST with respect to the Facility Lease, shall have the meaning set forth in Section 3.2(d) of the Facility Lease.
SECTION 467 INTEREST with respect to any "Section 467 Loan" to the Owner Participant pursuant to the terms of the Facility Lease as required by Section 467 of the Code and the Treasury Regulations thereunder (the "Section 467 Interest Deductions").
Examples of SECTION 467 INTEREST in a sentence
If there shall be a Lessor Section 467 Loan Balance, the Owner Lessor shall deduct interest expense and the Facility Lessee shall accrue interest income, in each case, in an amount equal to the amount set forth under the caption "Lessor Section 467 Interest" for the applicable Rent Payment Period on SCHEDULE 1-3 hereto (the "LESSOR SECTION 467 INTEREST").
If there shall be a Lessee Section 467 Loan Balance, the Owner Lessor shall accrue interest income and the Facility Lessee shall deduct interest expense, in each case, in an amount equal to the amount set forth for the applicable Rent Payment Period on SCHEDULE 1-3 hereto (the "LESSEE SECTION 467 INTEREST").