Glossary / finance terms
Interest during construction (IDC)
Interest accruing while a project is being developed, whether paid currently, capitalised or funded from a reserve.
Why the distinction matters
Test delays against the funded interest budget, draw availability and cost-overrun support. Capitalising interest increases the debt balance rather than eliminating the cost.
Read the structure
Funding a build from land and power milestones to a financeable operating asset.
Data centre construction finance ↗For in-house counsel
Take it to the documents
The filed wording behind GPU and data centre financings, for either side of the table. Previews are open; the full text is free with InfraCompute Weekly.
- Financing clause libraryCash traps, coverage ratios, cures and step-in, from the filed deals.
- Contract libraryGPU contracts, leases, power, equity and JVs, quoted from filed contracts.
- Issues list builderBuild an issues list from the lender’s or the borrower’s side.
- The legal desk for in-house counselContract library, issues lists, checklists and English law notes.
Related terms
Explanatory definition, not a statement that a particular transaction contains this term or a substitute for its contractual definition.
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