Capitalisation Date definition
Examples of Capitalisation Date in a sentence
As of the Capitalisation Date, (A) 337,692,106 Eaton Shares were issued and outstanding, (B) 45,014,018 Eaton Shares were held in treasury, (C) 21,000,000 Eaton Shares were reserved for issuance pursuant to the Eaton Share Plans and (D) no Eaton Preferred Shares were issued or outstanding.
Subject as provided in Clause 5.2(ii) on each Interest Capitalisation Date the Borrower shall be deemed to have served a Drawing Request requesting an Advance (an "INTEREST CAPITALISATION ADVANCE") in respect of each Advance outstanding on such Interest Capitalisation Date in the amount of interest to be capitalised on such outstanding Advance on such Interest Capitalisation Date in accordance with Clause 5.
On each Interest Capitalisation Date interest which has accrued on the Loan shall be capitalised and added to the amount of the Loan in accordance with Clause 4.4 so that the principal amount of the Loan shall thereafter be deemed for all purposes (including, but not limited to, the calculation of interest) to comprise and to include the principal amount advanced hereunder and the amount of such capitalised interest deemed to have been advanced.