Allocated Interest definition

Allocated Interest means, with respect to any Construction Period Property, as of any Scheduled Interest Payment Date, the amount of interest due and payable on such date with respect to a portion of the Loans (which portion shall be designated by the Borrower by written notice to the Administrative Agent (an "Allocation Notice")) having an aggregate principal amount equal to the Tranche A/B Construction Property Cost of such Property as of such date.

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Allocated Interest means, as of any Interest Payment Date during the Construction Period, the amount of interest due and payable on such date with respect to the Project Loan.

Allocated Interest means the Common Expense Liability and votes in the Association allocated to a Unit.

Examples of Allocated Interest in a sentence

In any case where a Bona Fide Offer has been made in respect of an Offered Interest in conjunction with other property, the price in respect of the Offered Interest shall be the Allocated Interest Offer Price.
Without limiting the generality of the foregoing, the Successor hereby assumes and agrees punctually to pay, perform and discharge when due all of the Advances constituting a part of the Allocated Interest and the related obligations under the Loan Documents and each agreement made or to be performed by the Borrower under the Loan Documents.
On each such Borrowing Date, the Tranche A/B Property Cost and the Tranche A/B Construction Property Cost of each Construction Period Property shall be increased by an amount equal to the Allocated Interest paid on such date with respect to such Property.
Effective as of the Amortization Date applicable to each Borrower, no further Advances from such Borrower's Allocated Interest Reserve Amount shall be made.
On each such Borrowing Date, the Loan Property Cost and Construction Loan Property Cost shall be increased by an amount equal to the Allocated Interest paid on such date with respect to such Property with the proceeds of such borrowing.

More Definitions of Allocated Interest

Allocated Interest means, with respect to a Party, a percentage equal to the amount of the Beltway Project’s, in the case of CBE, or the I-95 Project’s, in the case of 95 Express, use of the Shared Facilities and Shared Services, as a percentage of the total use of the Shared Facilities and Shared Services. Each Party’s Allocated Interest in the Shared Facilities and Shared Services is set forth on Exhibit A, but such Allocated Interests may be modified pursuant to Section 4.1.4.

Allocated Interest means the interest of that Owner (expressed as a percentage in Exhibit A to this Declaration) in the Common Expense liability and for the purposes of voting in the Association.

Allocated Interest shall have the meaning specified in Section 1.1 of the Credit Agreement.

Allocated Interest means the undivided interest in the Common Elements, the Common Expense Liability, and votes in the Association allocated to each Unit.

Allocated Interest means the undivided 1/94th interest in the Common Area, the Common Expense liability, and votes in the Association allocated to each Unit.

Allocated Interest means the Undivided interest in the Assessments and votes in the Association allocated to each Unit as set forth in Exhibit C attached hereto. The formulas for the Allocated Interests are as follows:

Allocated Interest. : means the common expense liability and votes in the association

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