Interest Cost definition

Interest Cost means the total amount of interest to accrue on obligations (including compounded interest) from the date of calculation to their respective maturities. In all cases Interest Cost shall be computed without regard to any option of redemption prior to the designated maturity dates of the obligations, but shall assume the payment of principal due as a result of mandatory sinking fund redemption (i.e., scheduled mandatory principal payments), which mandatory sinking fund redemption dates shall be deemed a maturity of the stated mandatory sinking fund redemption amount for purposes of this definition. For any obligation without a schedule of mandatory principal redemption (e.g., a “cash flow bond”), for purposes of this definition, 100% of the then-outstanding principal of that obligation shall be assumed to mature at the stated maturity date, and no interest shall be assumed to be paid prior to such stated maturity date (rather, interest shall assume to accrue and compound to such stated maturity date in accordance with the applicable documents authorizing such obligation).

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Interest Cost has the meaning given to it in the definition of “Debt Service Amount”.

Interest Cost means the amount of interest charged on the actual cost of capital, not to exceed 10%

Examples of Interest Cost in a sentence

The Project Debt Interest Cost will be adjusted once on, or within the 2 Business Days immediately prior to, Financial Close on the basis of the actual increase or decrease in the Project Debt Interest Cost resulting directly from any change upward or downward in the Interest Reference Rate as compared to the Interest Reference Rate as at the RFP Submission Deadline.
Project Co represents and warrants that the Project Debt Interest Cost as set out in the RFP Submission is based upon the Interest Reference Rate.
The Project Debt Interest Cost will be adjusted on the date of Financial Close on the basis of the actual cost increase or decrease in the Project Debt Interest Cost resulting directly from any change upward or downward of the Interest Reference Rate as at the date of Financial Close compared to the Interest Reference Rate as at the Submission Date.
Premium Amount; Guaranteed Interest; Excess Interest, Cost of Expected Mortality; Charge for Extra Rating Class; Charge for Extra Benefits; Charges for Administration and Minimum Death Benefit Guarantee; Schedule of Other Charges Table of Adjustment Factors ...............................................
The Project Debt Interest Cost will be adjusted once on, or within the 2 Business Days immediately prior to, Financial Close on the basis of the actual increase or decrease in the Project Debt Interest Cost resulting directly from any change upward or downward in the Interest Reference Rate as compared to the Interest Reference Rate as at the Submission Date.
The Project Debt Interest Cost will be adjusted once on, or within the 2 Business Days immediately prior to, Financial Close on the basis of the actual increase or decrease in the Project Debt Interest Cost resulting directly from any change upward or downward in the Interest Reference Rate as compared to the Interest Reference Rate as at the RFP Financial Submission Deadline.
The Parties acknowledge that the Project Debt Interest Cost is a component of the Cost of the Financing and that the Project Debt Interest Cost is subject to adjustment under Section 2.7 as at the date of Financial Close.
Each of Project Co and Hospital acknowledges that the Project Debt Interest Cost is a component of the Cost of the Financing and that the Project Debt Interest Cost is subject to adjustment under Section 2.7 as at the date of Financial Close.
If this method is used the interest should be calculated as follows: Interest Cost = (Total Project Costs excluding land & GST) X (Interest Rate / 12) X (Months of Construction) X 50%.
The Project Debt Interest Cost will be adjusted once on, or within the 2 Business Days immediately prior to, Financial Close on the basis of the actual increase or decrease in the Project Debt Interest Cost resulting directly from any change upward or downward in the Interest Reference Rate as compared to the Interest Reference Rate as at the Financial Submission Deadline.

More Definitions of Interest Cost

Interest Cost means, for any period, all interest and all amortization of debt discounted and expense on any particular Indebtedness (including, without limitation, payment in kind, zero coupon and other like securities) for which such calculations are being made. Computations of Interest Cost on a pro forma basis for Indebtedness having a variable interest rate shall be calculated at the rate in effect on the date of any determination.

Interest Cost means the index published on or nearest to December 31st of the previous Fiscal Year provided as the Bond Buyer Top 25 Bond Revenue Index and any successor index thereto but if such index is no longer published and there is no recognized successor thereto, the interest rate determined by any underwriting firm or financial advisor nationally recognized as having expertise in financing governmentally owned airport facilities that would represent the costs of borrowing for the Airport as of the week of December 31st of the prior Fiscal Year.

Interest Cost means all interest charges relating to indebtedness of the Company as of the Closing Date plus interest charges relating to indebtedness incurred for the purchase of Eligible Inventory subsequent to the Closing Date, plus interest charges relating to indebtedness on Eligible Inventory of Kell▇▇▇▇▇ ▇▇▇mercial Aircraft Division which becomes Eligible Inventory following the Closing Date pursuant to the definition of Eligible Inventory, valued at the then book value of such Eligible Inventory. Interest Cost shall not include interest charges on debt incurred by Kell▇▇▇▇▇ ▇▇ pay the Purchase Price for the Acquisition, but shall include interest charges on indebtedness of the Company as of the Closing Date, whether or not repaid by Kell▇▇▇▇▇. ▇▇terest charges shall be calculated at the interest rate charged to Kell▇▇▇▇▇ ▇▇▇m time to time by Barn▇▇▇ ▇▇▇k N.A. (or such other financial institution as shall then be Kell▇▇▇▇▇'▇ ▇▇▇ior lender).

Interest Cost. = (Land Cost x Interest Rate / 365) x Holding Period.

Interest Cost means, for any Interest Accrual Period, the product of (i) LIBOR for such period PLUS the Spread, (ii) the Aggregate Forward Amount as of the end of such period, (iii) the actual number of days elapsed in such Interest Accrual Period and (iv) 1/360.