Implied Interest definition

Implied Interest means an amount equal to the interest, at an annual rate of 1.5%, that would accrue from the Earnings Preservation Date through the Closing Date on an amount equal to (a) the Purchase Price (without regard to any Implied Interest), less (b) the Holdback Amount.
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Examples of Implied Interest in a sentence

  • Permit the ratio of Unencumbered Adjusted NOI to Consolidated Implied Interest Expense for such period in respect of Consolidated Unsecured Indebtedness to be less than 2.00:1.00 as of the last day of each fiscal quarter of the Borrower for the period of four full fiscal quarters then ended.

  • If the Deposit is released to Seller, Buyer shall receive as a credit against the Purchase Price, an amount equal to the Implied Interest Amount.

  • Permit the ratio of Unencumbered Adjusted NOI to Consolidated Implied Interest Expense for such period in respect of Consolidated Unsecured Indebtedness to be less than 2.00:1.00 as of the last day of each fiscal quarter of Apple Hospitality REIT for the period of four full fiscal quarters then ended.

  • In the event the sale of the Property is consummated, the sum of (i) the Deposit, (ii) all interest accrued thereon, while such Deposit is held in Escrow, and (iii) an amount equal to interest accruing on the Deposit at a rate of eight percent (8%) per annum from the date the Deposit is released to Seller to the Closing Date (the "Implied Interest Amount"), shall be credited towards the Purchase Price.