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.
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Interest During Construction is deleted in its entirety.
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Examples of Interest During Construction in a sentence

  • Requisitions and Disbursements; Conditions Precedent; 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%.

  • 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.

  • The Interest During Construction Account and Prepayment Account shall have been established as required pursuant to the Collateral Agency Agreement.

  • 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.

  • Interest During Construction $80,000.00 $0.00 $80,000.00 $0.00 $0.00 $0.00 $80,000.00 $0.00 $80,000.00 $0.00 5.Architecture/Engi neering Fees $795,600.00 $0.00 $795,600.00 $0.00 $0.00 $0.00 $795,000.00 $0.00 $795,000.00 $600.00 6.


More Definitions of Interest During Construction

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

  • Cost of Construction means the total cost to Owner of those portions of the entire Project designed or specified by the Design Professional. Cost of Construction does not include the Design Professional's compensation and expenses and Owner's expenses associated with the Project or the cost of other services to be provided by others to the Owner.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • Original construction ’ shall mean the first or initial construction

  • Existing construction means any structure for which the "start of construction" commenced before the effective date of the initial floodplain management code or ordinance adopted by the community as a basis for that community's participation in the NFIP.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Net Cost of New Entry means the Cost of New Entry minus the Net Energy and Ancillary Service Revenue Offset.

  • Land disturbing construction activity means any man-made alteration of the land surface resulting in a change in the topography or existing vegetative or non-vegetative soil cover, that may result in runoff and lead to an increase in soil erosion and movement of sediment into waters of the state. Land disturbing construction activity includes clearing and grubbing, demolition, excavating, pit trench dewatering, filling and grading activities.

  • Interest Rate Cap means any interest rate cap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • Interest Differential is defined in Section 3.4.

  • Commenced Construction means (a) all of the following site preparation work is completed: ingress and egress routes exist; the site on which the Project will be located is cleared and graded; there is power service to the site; footings are prepared; and foundations have been poured consistent with purchased equipment specifications and project design; or (b) the following financial commitments have been made: (i) (A) an engineering, procurement, and construction contract (“EPC”) has been executed by all parties and is effective; or (B) contracts (collectively, “EPC Equivalents”) for all of the following have been executed by all parties and is effective: (1) project engineering, (2) procurement of all major equipment, and (3) construction of the Project, and (ii) the cumulative payments made by the Developer under the EPC or EPC Equivalents to the counterparties to those respective agreements is equal to at least thirty (30) percent of the total costs of the EPC or EPC Equivalents.

  • Foreign construction material means a construction material other than a domestic construction material.

  • LIBOR Interest Rate means the rate per year (rounded upward to the next one-sixteenth (1/16th) of one percent (0.0625%), if necessary) determined by CNB to be the quotient of (a) the LIBOR Base Rate divided by (b) one minus the Eurocurrency Reserve Requirement for the Interest Period; which is expressed by the following formula: LIBOR Base Rate

  • Component Interest Rate Not applicable.