Deemed Interest definition

Deemed Interest means an amount of interest equal to the average ninety-one day Treasury Bill rate, deemed to be payable by a resident person in respect of any outstanding loan provided or secured by the non-resident, where such loans have been provided free of interest.

Deemed Interest means interest accruing on the development costs calculated in accordance with the rate of interest stipulated in Article 12.2.3.2 hereof when the development costs incurred in each CBM Field within the Contract Area are recovered by the Parties.

Deemed Interest means the amount of interest that would have been earned had an amount deferred hereunder been invested at the Deemed Rate of Interest.

Examples of Deemed Interest in a sentence

• The Deemed Interest amount shall be confirmed by the Corporation in the Termination Notice and the Subscription Receipt Agent shall rely on such confirmation without further investigation.

• The parties hereto agree that the Tax Reporting Documentation provided by Non- U.S. Parties shall constitute the statement described in Section 871(h)(5) of the Code and that all Deemed Interest Payments paid to or to the account of any Non-U.S. Party shall be treated as “portfolio interest” satisfying the requirements of Sections 871(h) and 881(c) of the Code.

• As at the date of this announcement, the details of the unitholdings of the Directors are as follows: Name of Directors Direct Interest Deemed Interest Total no.

• The details of the Directors’ and Substantial Shareholders’ interests in the Company’s shares as at the date of this announcement are set out below: Direct Interest Deemed Interest Total Interest Number of Shares % Number of Shares % Number of Shares % Directors Liang Guozhan(1) 100 nm(3) 220,914,000 57.64 220,914,100 57.64 Xx Xxxx Shun - - - - - - Xxxxxx Xxx@Xxx Xx Ke 150,000 nm(3) - - 150,000 nm(3) Xxxx Xxxx Chee - - - - - - Xxxxx Xxx - - - - - - Substantial Shareholders High Tree Worldwide Ltd.

• On the basis of such Tax Reporting Documentation, no U.S. federal income taxes shall be deducted, withheld or backup withheld with respect to any Deemed Interest Payment, if any, paid to any Stockholder.

More Definitions of Deemed Interest

Deemed Interest means interest accruing at an interest rate equal to 9% per annum; provided, however, that with respect to Contributions made for a Project or a Turbine prior to Completion of such Project or the Project to which such Turbine is assigned (as set forth in Exhibit G-3 to the Credit Agreement), Deemed Interest thereon shall accrue but not be payable until Completion of the relevant Project, at which time such accrued interest shall be added to, and be considered part of, the principal amount of such Contribution.

Deemed Interest means an amount equal to the interest and other income that would have otherwise been earned on the 50% of the Underwriters’ Fee paid to the Underwriters if such fee had been held in escrow as part of the Escrowed Funds and not paid to the Underwriters;

Deemed Interest means the interest that would otherwise have been earned on 50% of the Underwriters’ Fee and the Underwriters’ Expenses as if such amounts had been held in escrow as part of the Escrowed Funds and not paid to the Underwriters on the Closing Date;

Deemed Interest means interest that would have otherwise been earned on the Underwriters’ Fee paid to the Underwriters as if such Initial Underwriters’ Fee Payment had been held in escrow as part of the Escrowed Funds and not paid to the Underwriters;

Deemed Interest means interest accruing on the development costs calculated in accordance with the rate of interest stipulated in Article

Deemed Interest means the interest that would have otherwise been earned on 50% of the Underwriters’ Fee attributable to the Subscription Receipt Offering paid to the Underwriters on the Offering Closing as if such 50% of the Underwriters’ Fee had been held in escrow as part of the Escrowed Funds and not paid to the Underwriters.

Deemed Interest means the amount of interest that would have accrued on the Delayed Delivery Bonds through January 31, 2003 had they been issued on December 20, 2002, minus any amount by which the Escrow Funds exceed $97,500,000 on January 31, 2003.