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
Moneys in the applicable account of the Capitalized Interest Fund shall be transferred automatically to the Debt Service Fund to pay interest on the STAR Bonds and Additional STAR Bonds during the period of construction and initial startup of the STAR Bond Improvements.
Any moneys remaining on deposit in the Capitalized Interest Fund after the completion of construction of the STAR Bond Improvements and receipt by the Trustee of the Officer’s Certificate of the Developer Representative described in Section 4.03 hereof shall be transferred to the Debt Service Fund.
More Definitions of Capitalized Interest
Capitalized Interest means the amount equal to interest paid
Capitalized Interest means for any Distribution Date through and including the July 2006 Distribution Date:
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 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.