Interest Amount and Interest Computations Sample Clauses
Interest Amount and Interest Computations. (i) Interest shall accrue on the outstanding principal amount of each Advance from the date such Advance is disbursed to the Borrower pursuant to the FFB Note Purchase Agreements and the relevant FFB Notes, to the date such Advance is due, in each case, at a rate per annum as specified in the FFB Note Purchase Agreements. Except as provided in Section 3.04(a)(ii) (Interest Amount and Interest Computations), interest accrued on the outstanding principal balance of each Advance shall be due and payable on each Payment Date beginning on the First Interest Payment Date to occur after the date on which such Advance is made, through and including the Maturity Date. (or, if earlier, the applicable QP Maturity Date).
(ii) For each Advance on a FFB Note made prior to the First Interest Payment Date, for such FFB Note the amount of accrued interest on such FFB Note that would otherwise be due and payable on each Payment Date to occur before such First Interest Payment Date shall be capitalized in arrears on the respective Payment Date and be added to the principal amount due under such FFB Note, and interest shall thereafter accrue on the sum of the outstanding principal (including such capitalized interest) at the rate established for such Advance in accordance with paragraph 6 of such FFB Note; provided, that the aggregate amount of accrued interest that may be capitalized on the FFB Note for any Qualifying Project shall not exceed the Maximum QP Capitalized Interest Amount for such Qualifying Project and shall not cause the total outstanding amount, (including capitalized interest) under such FFB Note to exceed the applicable Qualifying Project’s Maximum QP Loan Amount or the outstanding aggregate amount under all FFB Notes to exceed the Maximum Guaranteed Loan Amount. The amount of interest that shall be capitalized on each Advance shall be determined as set forth in the relevant FFB Note.
(iii) Any interest accrued on any FFB Note that exceeds the Maximum Capitalized Interest Amount or the Maximum QP Capitalized Interest Amount for such FFB Note shall be payable by the Borrower in cash in arrears on each Payment Date as provided for in such FFB Note.
(iv) Without limiting the foregoing, all Overdue Amounts on the Guaranteed Loan shall: (A) accrue interest at the Late Charge Rate; and (B) be payable by the Borrower in accordance with the FFB Documents.
(v) The Borrower hereby authorizes FFB to record in an account or accounts maintained by FFB on its books: (A) ...
Interest Amount and Interest Computations. (i) Interest shall accrue on the outstanding principal amount of each Advance from the date such Advance is disbursed to the Borrower pursuant to the FFB Note Purchase Agreement and the FFB Note, to the date such Advance is due, in each case, at a rate per annum as specified in the FFB Note Purchase Agreement. Except as provided in Section 3.04(a)(ii) (Interest Amount and Interest Computations), interest accrued on the outstanding principal balance of each Advance shall be due and payable on each Payment Date beginning on the First Interest Payment Date to occur after the date on which such Advance was made, through and including the Principal Payment Date for such Advance.
(ii) Without limiting the foregoing, all Overdue Amounts on the Guaranteed Loan shall (A) accrue interest at the Late Charge Rate and (B) be payable by the Borrower in accordance with the FFB Documents. CUI//PROPIN
(iii) [Reserved].
(iv) The Borrower hereby authorizes FFB to record in an account or accounts maintained by FFB on its books: (A) the interest rates applicable to all Advances; (B) the date and amount of each principal and interest payment on each Advance outstanding; and (C) such other information as FFB may determine is necessary for the computation of interest and the Prepayment Price payable by the Borrower under the FFB Note. The Borrower acknowledges and agrees that all computations of interest and the Prepayment Price by FFB pursuant to this Section 3.04 (
Interest Amount and Interest Computations. (i) Interest shall accrue on the outstanding principal amount of each Advance from and including the date such Advance is disbursed to the Borrower pursuant to the FFB Note Purchase Agreement and the relevant FFB Note, to but excluding the date such Advance is due, in each case, at a rate per annum as specified in the FFB Note Purchase Agreement. Subject to Section 3.04(b) (Interest Payment Dates), and except as provided in Section 3.04(a)(ii) (Interest Amount and Interest Computations), interest accrued on the outstanding principal balance of each Advance shall be due and payable on each Payment Date beginning on the First Interest Payment Date to occur after the date on which such Advance was made, through and including the date the principal amount of such Advance is repaid in full.
(ii) Without limiting the foregoing, all Overdue Amounts on the Guaranteed Loan shall (A) accrue interest at the Late Charge Rate and (B) be payable by the Borrower in accordance with the FFB Documents.
Interest Amount and Interest Computations. (i) Interest shall accrue on the outstanding principal amount of each Advance from the date such Advance is made through the date on which such principal is due, in each case, at a rate per annum as specified in the Funding Agreements. Except as provided in clause (ii) below, interest accrued on the outstanding principal balance of each Advance shall be due and payable to FFB on each Payment Date beginning on the first Payment Date to occur after the date on which such Advance is made, through and including the Maturity Date.