Interest Allocation Sample Clauses

Interest Allocation. Interest and any other income arising out of the Permitted Investments shall be and become a part of the Trust Funds, allocated to the account for which such investment was made; provided, as of the first Business Day of each calendar quarter during the term hereof, Trustee and Paying Agent shall transfer to the Etame Operating Account quarterly all interest and any other income accruing on amounts in the TINWORTH Reserve Account in excess of the TINWORTH Reserve Account Maximum Balance.
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Interest Allocation. In the event that the funds have been invested on behalf of the subscribers pursuant to Section 2.1, the Bank-Escrowee shall at Closing Time, or after receipt of Notice of No Closing or Notice of Rejection return to such subscribers a pro rata portion (allocated as set forth below) of the interest or income earned thereon, and within three (3) business days thereafter send to the Issuer-Partnership a check register indicating the amounts disbursed and the payees. Such interest and income shall be allocated among the subscribers referred to in the preceding sentence in proportion to the amounts of their respective subscription funds and the lengths of time their subscription amounts were on deposit. The Bank-Escrowee shall provide to each subscriber, before January 31, 199___, a Form 1099 indicating the interest or income earned on such investment during 199___.
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Interest Allocation. Interest or any other income arising out of investment of the Bontang VI Trust Funds shall be and become a part of the Bontang VI Trust Funds, allocated to the account for which such investment was made. Interest or any other income arising out of investment of funds in a subaccount of the Debt Service Account or the Reserve Account shall be allocated to the subaccount for which such investment was made.
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Interest Allocation. Advances from the Allocation identified as "Interest" or similar in the Budget (the "Interest Allocation") may be made for accrued but unpaid interest on each interest payment date specified in the Note. Lender is hereby authorized (with or without Borrower's request) to credit the Note directly for such interest payment by interest journal entries on Lender's books and such amount shall be deemed an Advance. Following Borrower's satisfaction of any equity requirements, Borrower may provide Lender with a Draw Request to make an interest Advance in the amount equal to the accrued but unpaid interest under the unpaid Note. Upon the earlier of the Amortization Commencement Date and the full distribution of the Interest Allocation as provided in the Budget, Borrower shall make interest payments directly to Lender in accordance with the provisions of the Note, but shall not be entitled to any other Advances to pay such interest.
Sample 1
Interest Allocation. Without duplication of the amounts set forth in Section 3.5(a) above, on the date hereof, Loan proceeds in the amount of Seven Million Three Hundred Six Thousand Five Hundred Twenty-Eight and No/100 Dollars ($7,306,528.00) will be withheld by Lender and allocated for the payment of interest due and owing under the terms of this Agreement, the Note and the other Loan Documents (the “Interest Allocation”). Provided that there are sufficient funds available in the Interest Allocation and Borrower satisfies the Advance Conditions (unless Lender elects, in its sole discretion, to Advance notwithstanding Borrower’s failure to satisfy the Advance Conditions), Advances of the Interest Allocation will be automatically made to pay to Lender accrued but unpaid interest under the Note on each interest payment date specified in the Note (the “Interest Charges”). Lender is hereby authorized, without the necessity of notifying Borrower, to charge the Note directly for each such Interest Charge by interest journal entries on Lender’s books. In all events funds in the Interest Allocation shall be first applied to interest due and owing under this Agreement, the Note and the other Loan Documents prior to any sums due and owing under the Underlying Mortgage Loan Agreement, the Underlying Mortgage Note and the other Underlying Mortgage Loan Documents. Upon full distribution of the Interest Allocation or at any time that Lender elects not to Advance the Interest Allocation in accordance with this Section 3.5(b), Borrower shall make payments for Interest Charges directly to Lender in accordance with the provisions of the Note, and shall not be entitled to any other Advances to pay such Interest Charges. Borrower agrees and acknowledges that the insufficiency of the amount of the Interest Allocation or the election of Lender not to Advance the Interest Allocation in accordance this Section 3.5(b) is not intended to, and shall therefore not, constitute a limitation on the obligation of Borrower to pay the Interest Charges due and owing under the Note. It is hereby acknowledged and agreed that proceeds of the Underlying Loan in the amount of Three Million One Hundred Thirty-One Thousand Three Hundred Sixty-Nine and No/100 Dollars ($3,131,369.00) will be withheld by Borrower and allocated for the payment of Underlying Interest Charges (the “Underlying Interest Allocation”). Upon the full distribution of the Underlying Interest Allocation, if thereafter, (x) Underlying Interest Char...
Sample 1
Interest Allocation. Lender and Borrower have agreed to allocate the amount of $330,000.00 from the loan proceeds for payment of interest (“Interest Allocation”). Pursuant to the interest payment schedule outlined in the Loan Documents, Lender will advance funds from the Interest Allocation to keep interest payment current. Should the funds in the Interest Allocation be completely disbursed, Borrower agrees to maintain the interest payments current or to replenish the Interest Allocation with sufficient funds as required by the Lender. Notwithstanding the above, Borrower may, with notice to Lender, make interest payments directly to Lender pursuant to the interest payment schedule outlined in the Loan Documents.
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Interest Allocation. The Holders hereby waive any rights they may have to receive accrued interest under the Convertible Debentures, and no portion of the cash or Shares exchanged for the Convertible Debentures pursuant to this Agreement shall be deemed to constitute the payment of accrued interest with respect to the Convertible Debentures.
Sample 1
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Interest Allocation. Advances from the Allocation identified as "Interest" or similar in the Budget (the "Interest Allocation") may be made for accrued but unpaid interest on each interest payment date specified in the Note. Lender is hereby authorized (with or without Borrower's request) to credit the Note directly for such interest payment by interest journal entries on Lender's books and such amount shall be deemed an Advance. Following Borrower's satisfaction of any equity requirements, Borrower may provide Lender with a Draw Request to make an interest Advance in the amount equal to the accrued but unpaid interest under the unpaid Note. Upon the earlier of Stabilization and the Advance of the entire Interest Allocation, Borrower shall make interest payments directly to Lender in accordance with the provisions of the Note, but shall not be entitled to any other Advances to pay such interest. Further, to the extent that either (i) there is sufficient Net Cash Flow or (ii) there are sufficient funds on deposit in the Cash Flow Reserve (and made available by Lender), such funds shall be utilized to pay the interest obligations on the Note prior to any Advance from the Interest Allocation. Borrower agrees and acknowledges that the insufficiency of the amount of the Interest Allocation is not intended to, and shall therefore not, constitute a limitation on the obligation of Borrower to pay interest due and owing under the Note.
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Related to Interest Allocation

  • Cost Allocation For services rendered by MAEM to Project Companies under this Agreement and/or any Direct Contract, each Project Company shall pay MAEM, on a monthly basis, its share of allocated costs including, but not limited to, personnel costs (the “Service Fee”). For purposes of determining Project Company’s share of allocated costs, MAEM shall apply an industry standard methodology which is applied uniformly across the Asset Companies. Each of MAEM and Project Company acknowledges that the monthly allocations may be adjusted from time to time.

  • Post-Default Allocation Notwithstanding anything in any Loan Document to the contrary, during an Event of Default, monies to be applied to the Obligations, whether arising from payments by Obligors, realization on Collateral, setoff or otherwise, shall be allocated as follows:

  • ORIGINAL CLASS A NON-PO PRINCIPAL BALANCE The Original Class A Non-PO Principal Balance is $170,009,500.00.

  • Realized Losses Realized Losses shall be allocated first against the Overcollateralization Amount, until the Overcollateralization Amount has been reduced to zero. If, after giving effect to the distribution of the Principal Distribution Amount on any Distribution Date the aggregate Class Certificate Balance of the Offered Certificates exceeds the Pool Principal Balance as of the end of the related Due Period, such excess will be allocated against the Class B-3, Class B-2, Class B-1, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, in that order and until the respective Class Certificate Balances thereof are reduced to zero.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Original Class A Percentage The Original Class A Percentage is 96.79331905%.

  • Interest Amount Unless otherwise specified in Paragraph 13 and subject to Paragraph 4(a), in lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Posted Collateral in the form of Cash (all of which may be retained by the Secured Party), the Secured Party will Transfer to the Pledgor at the times specified in Paragraph 13 the Interest Amount to the extent that a Delivery Amount would not be created or increased by that Transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed to be a Valuation Date for this purpose). The Interest Amount or portion thereof not Transferred pursuant to this Paragraph will constitute Posted Collateral in the form of Cash and will be subject to the security interest granted under Paragraph 2.

  • Pro Rata Allocation 37 Prospectus....................................................................................37

  • Distributions and Interest Amount (i) Interest Rate. "

  • Allocation of Charges There is not any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with the Servicer for tax purposes.

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