Examples of Capitalised Interest in a sentence
Any increase in the Outstanding Principal Balance of a Loan due to Capitalised Interest will be allocated to the Funding 1 Share of the Trust Property, the Funding 2 Share of the Trust Property and the Seller Share of the Trust Property, based on respectively the Funding 1 Share Percentage, the Funding 2 Share Percentage and the Seller Share Percentage in the Trust Property as calculated on the most recent Calculation Date.
In consideration for the making of such payment and the payment by the Seller of any Extraordinary Payment Holiday Adjustment Amount pursuant to Clause 10.4 below, the Seller Share will increase by an amount equal to any Capitalised Interest arising during the immediately preceding Trust Calculation Period in respect of those Loans that are subject to Extraordinary Payment Holidays and the Seller Share Percentage shall be adjusted in accordance with Clause 8.
As a result of making such payment the Seller Share of the Trust Property will increase by an amount equal to the amount paid to Funding 1 for Funding 1's share of the Capitalised Interest and Funding 2 for Funding 2's share of the Capitalised Interest and the Funding 1 Share of the Trust Property and the Funding 2 Share of the Trust Property (respectively) will decrease by a corresponding amount.
Any increase in the Outstanding Principal Balance of a Loan due to Capitalised Interest will be allocated to the Funding 1 Share of the Trust Property and to the Seller Share of the Trust Property, based on respectively the Funding 1 Share Percentage and the Seller Share Percentage in the Trust Property as calculated on the most recent Calculation Date.
Prior to an Insolvency Event occurring in respect of the Seller, on each Distribution Date the Seller shall make a cash payment to Funding 1 and to Funding 2 in an amount equal to Funding 1's share and Funding 2's share of the Capitalised Interest in respect of those Loans that are subject to Payment Holidays.