Principal proceeds and
excess interest can be used to cover interest shortfalls on the Notes, but such shortfalls on Class M-1 and more subordinate bonds will not be paid from principal proceeds until the more senior classes are retired.
Furthermore, subordination provides the added benefit of higher
excess interest spread compared with all-cash CE.
District 200 should fund the work from operations, as it promised it can do, not funnel millions in
excess interest payments to its consultants and out-of-state lenders -- money that could be used to educate all children or maintain other buildings.
(2) windfall profits tax (WPT) 1-10 percent based on margin, and (3) thin capitalization and ring fencing, up to 3:1 debt equity ratio and disallows deduction of
excess interest expense over this ratio.
The FSS also ordered the banks to return the
excess interest to customers.
When a partnership's business interest deduction is limited, the
excess interest expense will flow to the partner and can be used in future years when that activity's interest expense is below the 30% limit, but only up to the 30% limit in any future year.
Some of the authorities' latest efforts, including the conversion of unlicensed financial institutions into credit institutions and increasing public awareness of the unsustainably high deposit rates in some troubled financial institutions, has helped the CBI to curb
excess interest rate competition.
The company said the net income for the third quarter of 2017 was impacted by restructuring charges related to its cost reduction programme as well as
excess interest expense due to accelerated amortization of debt issuance costs.
corporation for which it has
excess interest expense for that tax year and whose debt-to-equity ratio exceeds 1.5 to 1 on the last day of the tax year or on any other day during the tax year.
It has agreed to refund
excess interest payments and fees to some customers.
The second-largest US bank also agreed to refund
excess interest payments and fees to some customers.