Common use of Determination of the Compounded Reference Rate Clause in Contracts

Determination of the Compounded Reference Rate. (i) Where interest is to be determined by reference to the Compounded Reference Rate then the following provisions shall apply. (ii) The rate of interest on a Reference Rate Loan (or any part thereof) for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable: (A) the Applicable Margin; (B) the Compounded Reference Rate for that day; and

Determination of the Compounded Reference Rate. (i) Where interest is to be determined by reference to the Compounded Reference Rate then the following provisions shall apply. (ii) The rate of interest on a Reference Rate Loan (or any part thereof) for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable: (A) the Applicable applicable Floating Rate Margin; (B) the Compounded Reference Rate for that day; and