Capitalized Interest definition

Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

Capitalized Interest means funds in any capitalized interest account available to pay debt service on Bonds.

Capitalized Interest means (i) for any particular Series, that portion of the proceeds of the Bonds of such Series, if any, required by the Supplemental Resolution authorizing such Series to be deposited in a sub-account established for such Series in the Capitalized Interest Account of the Debt Service Fund, for the purpose of funding the payment of a portion of the interest on the Bonds of such Series and (ii) for any Parity Bond Anticipation Notes, that portion of the proceeds of such Parity Bond Anticipation Notes, if any, required by the resolution authorizing such Bond Anticipation Notes to be deposited in a sub-account established for such Parity Bond Anticipation Notes in the Capitalized Interest Account of the Debt Service Fund, for the purpose of funding the payment of interest on such Bond Anticipation Notes.

Examples of Capitalized Interest in a sentence

• Amounts set aside to pay capitalized interest on the Funding Loan, including additional capitalized interest deposited by the Borrower in connection with any deposits made pursuant to Section 2.1 hereof or extension of the Completion Deadline, shall be deposited in the subaccount of the Capitalized Interest Account of the Project Fund.

• After the Conversion Date, any amounts remaining in the Capitalized Interest Subaccount of the Capitalized Interest Account shall be transferred (i) to the Note Proceeds Account of the Project Fund to the extent such amounts were funded with proceeds of the Funding Loan; and (ii) to the Borrower Equity Account of the Project Fund to the extent such amounts were funded with Borrower Required Equity.

• Subject to all of the terms and conditions of this Note, the Lender agrees to make available, for the Borrowers’ use during the term and prior to the Maturity Date (defined below), total credit of up to, but not exceeding, Eighty-Five Million ($85,000,000) Dollars (the “Commitment”) plus Capitalized Interest and Capitalized Fee (each defined below).

• No Yes No Amortization TestN/A Intercompany Loan Balance Guarantee Loan $1,867,877,853Demand Loan $1,365,446,132Total $3,233,323,985 Demand Loan Repayment Event(i) The Bank has been required to assign the Interest Rate Swap Agreement to a third party N/A(ii) A Notice to Pay has been served on the Guarantor No(iii) The Intercompany Loan has been terminated or the revolving commitment is not renewed No Cover Pool Losses Period EndFebruary 29, 2024 ¹ Includes Capitalized Interest on Loans.

• All proceeds of the Funding Loan provided by the Funding Lender shall be deposited to the applicable series subaccount of the Note Proceeds Account of the Project Fund and the Capitalized Interest Account of the Project Fund as directed in writing by the Funds Lender.

More Definitions of Capitalized Interest

Capitalized Interest means the amount equal to interest paid

Capitalized Interest means a finance charge that accrues at the Financing Rate on Loan proceeds from the time of disbursement until six months before the first Semiannual Loan Payment is due. Capitalized Interest is financed as part of the Loan principal.

Capitalized Interest means for any Distribution Date through and including the July 2006 Distribution Date:

Capitalized Interest means all or a portion of the interest payable on securities from their date to a date stated or provided for in the applicable legislation, which interest is to be paid from the proceeds of the securities.

Capitalized Interest means, for any Loan at any date, interest which is overdue in respect of that Loan and which as at that date has been added to the Capital Balance of that Loan in accordance with the Mortgage Conditions or otherwise by arrangement with the relevant Borrower (excluding for the avoidance of doubt any Arrears of Interest which have not been so capitalized on that date);

Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a

Capitalized Interest means interest that is capitalized and is not counted as interest expense in accordance with GAAP.