Common use of Imputed Interest Clause in Contracts

Imputed Interest. To the extent the Company has Federal taxable interest income with respect to any promissory note pursuant to section 483 or sections 1271 through 1288 of the Code: 5. 3.8.1 Such interest income shall be specially allocated to the holder of Financial Rights to whom such promissory note relates; and 5. 3.8.2 The amount of such interest income shall be excluded from the Capital Contributions credited to the Capital Account of such holder of Financial Rights in connection with payments of principal with respect to such promissory note.

Imputed Interest. To the extent the Company has Federal taxable interest income with respect to any promissory note pursuant to section Section 483 or sections Sections 1271 through 1288 of the Code: 5.: 3.8.1 3.3.9.1 Such interest income shall be specially allocated to the holder of Financial Rights Member to whom such promissory note relates; and 5.and 3.8.2 3.3.9.2 The amount of such interest income shall be excluded from the Capital Contributions credited to the such Member's Capital Account of such holder of Financial Rights in connection with payments of principal with respect to such promissory note.

Imputed Interest. To the extent the Company has Federal taxable interest income with respect to any promissory note pursuant to section Section 483 or sections Sections 1271 through 1288 of the Code: 5.: 3.8.1 3.3.9.1 Such interest income shall be specially allocated to the holder of Financial Rights Member to whom such promissory note relates; and 5.and 3.8.2 3.3.9.2 The amount of such interest income shall be excluded from the Capital Contributions credited to the such Member’s Capital Account of such holder of Financial Rights in connection with payments of principal with respect to such promissory note.