Interest During Construction definition

Interest During Construction. Interest accruing under the DOE Credit Facility, for the period from the Initial Advance Date to the end of the final Availability Period under the DOE Credit Facility Documents.

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Interest During Construction means the interest and other charges accrued during the Construction Period, and payable on the Loan in accordance with the terms set forth or referenced in this Agreement.

Interest During Construction means interest accrued on the Bonds from the date of issuance of the Bonds to and including the Completion Date.

Examples of Interest During Construction in a sentence

The Interest During Construction Account shall have been funded, or shall be funded with proceeds of the Term Loan (as set forth in the Funds Flow Memorandum), to the Required Interest During Construction Amount.
The Interest During Construction Account and Prepayment Account shall have been established as required pursuant to the Collateral Agency Agreement.
The Borrower shall use the proceeds of the Term Loans to (a) fund the Revenue Account in an amount equal to Capital Expenditures required to complete the Modifications, (b) fund the Interest During Construction Account to the Required Interest During Construction Amount, and (c) pay any fees and expenses incurred by the Borrower in connection with the Term Loan.
If the County fails to make a scheduled contribution in accordance with Exhibit C by November 30, and Reclamation thereafter incurs additional expenses for the Project after all prior County contributions have been expended, Reclamation may assess interest on the County’s unpaid share of such actual expenses for the Project at the Interest During Construction (IDC) rate in effect on the date that construction commences.
The Loan Servicer shall have received satisfactory evidence that the Total Funding Available is sufficient to pay all remaining Total Project Costs (including Interest During Construction, DOE Credit Facility Fees, Agents' Fees, Periodic Expenses, and identified Cost Overruns).
For the avoidance of doubt, the K-sure Facility shall not be used to fund the payment of the K-sure Premium or any Interest During Construction.
Project Management Consultancy charges (PMC @ 3%) Interest During Construction (IDC) EESL post tax return on equity shall be 14% per annum The debt equity ratio will be 80:20 The interest rate on debt will be on actuals subject to a maximum rate of 10.50% Establishment &Supervision Charges (ESC) will be limited to 3%.
For purposes of this definition, "all additional costs" includes any increase in "Interest During Construction" calculated in accordance with Exhibit D.
The Total Funding Available to the Borrower is sufficient to pay Total Project Costs, including Interest During Construction, DOE Credit Facility Fees, and identified Cost Overruns.
Item Rs in Crores Reference 1 Land & Land Development 9.08 Annexure - F/I 2 Building & Other Civil Cost 16.89 Annexure - F/II 3 Plant & Machinery 92.11 Annexure - F/III 5 Miscellaneous Fixed Assets 5.35 Annexure - F/IV 6 Contingency Provision for Cost Escalation 0.80 Annexure - F/V 1 Pre-operative Expenses 2.19 Annexure - F/VI 2 Interest During Construction 7.57 Annexure - F/VII D.

More Definitions of Interest During Construction

Interest During Construction is deleted in its entirety.

Interest During Construction or “IDC” shall mean that amount of annual 130 or half-annual interest, identified in the then-current Exhibit B, Repayment Schedule attached 131 hereto, on the XM Project Costs expended between the first date of the quarter when funds were 132 first disbursed for construction of the XM Project and the date of Substantial Completion of the 133 XM Project.

Interest During Construction means the interest payable on a bond issue while the project is being constructed. Such interest is typically permitted to be funded with the proceeds of a bond issue.

Interest During Construction means the dollar amount of interest charged to, or imputed by, Seller on funds used or expended by Seller on the Project beginning on the Effective Date through and ending thirty (30) Days after the date of a Halting Order.

Interest During Construction means the interest estimated on the drawn down debt portion of the Total Financing Required for a Plant project which is due and payable prior to the Plant going into operation, plus the associated front-end-fees in generating that debt, plus the commitment fees payable on the undrawn portion of the debt.

Interest During Construction. Interest accruing on the DOE Guaranteed Loans during the Guaranteed Loan Availability Period, which interest will accrue from the applicable Advance Date and, which shall prior to the Interest Capitalization End Date, be capitalized and added to the principal of each such Advance on the last Business Day of each calendar quarter therein; provided that in no event shall Interest During Construction actually added to the unpaid principal of all Advances exceed the Maximum Capitalized Interest Amount.