Effective Global Rate (Taux Effectif Global Sample Clauses

Effective Global Rate (Taux Effectif Global. For the purposes of Articles L 313-1 et seq, R 313-1 and R 313-2 of the Code de la Consommation, the Parties acknowledge that by virtue of certain characteristics of the Facility (and in particular the variable interest rate applicable to Loans and the Borrower’s right to select the currency and the duration of the Interest Period of each Loan) the taux effectif global cannot be calculated at the date of this Agreement. However, the Borrower acknowledges that it has received from the Agent a letter containing an indicative calculation of the taux effectif global, based on figured examples calculated on assumptions as to the taux de période and durée de période set out in the letter. The Parties acknowledge that the letter forms part of this Agreement.
AutoNDA by SimpleDocs
Effective Global Rate (Taux Effectif Global in relation to any French Borrower.
Effective Global Rate (Taux Effectif Global. For the purposes of articles L.313-1 et seq., R.313-1 and R.313-2 of the French Code de la consommation, the Parties acknowledge that by virtue of certain characteristics of the Facility the taux effectif global cannot be calculated at the Signing Date. However, the LG Users acknowledge that they have received from the Administrative Agent a letter containing an indicative calculation of the taux effectif global, based on examples calculated on assumptions as to the taux de période and durée de période set out in the letter (the “TEG Letter”). The Parties acknowledge that such letter forms part of this Agreement.
Effective Global Rate (Taux Effectif Global. For the purpose of articles L.314-1 to L.314-5 and article R.314-1 et seq. of the French Code de la consommation and article L.313-4 of the French Code monétaire et financier, the Parties acknowledge that (i) the effective global rate calculated on the date of this contract, based on assumptions as to the period rate (taux de période) and the period term (durée de période) and on the assumption that the interest rate and all fees, costs or expenses payable under this Contract will be maintained at their original level throughout the term of the Finance Documents, is set out in a TEG Letter from the Bank to the Borrower in the form set out in Schedule J (Form of TEG Letter) and (ii) the TEG Letter forms part of this Contract. The Borrower acknowledges receipt of the TEG Letter.
Effective Global Rate (Taux Effectif Global. (a) For the purpose of articles L. 314-1 to L. 314-5 and R. 314-1 et seq. of the French Code de la consommation and article L. 313-4 of the French Code monétaire et financier, the Parties acknowledge that:
Effective Global Rate (Taux Effectif Global. (a) For the purposes of Articles L. 313-1 et seq, R. 313-1 and R. 313-2 of the Code de la Consommation, the Parties acknowledge that by virtue of certain characteristics of the Facility (and in particular the variable interest rate applicable to Loans and the Company’s right to select the currency and the duration of the Interest Period of each Loan) the taux effectif global needs to be calculated on the basis of the Screen Rates prevailing at the date of this Agreement and on the basis of certain assumptions regarding the duration of the Interest Periods and the amount of other costs included in the calculation of the taux effectif global.
Effective Global Rate (Taux Effectif Global. For the purpose of Articles L.313-1, L.313-2, R 313-1 and R 313-2 of the French Consumer Code (Code de la Consommation), each Party acknowledges that:
AutoNDA by SimpleDocs
Effective Global Rate (Taux Effectif Global. For the purpose of articles L.313-1, L. 313-2 and R.313-1 et seq. of the French Code de la consommation and article L. 313-4 of the French Code monétaire et financier, the Parties acknowledge that by virtue of certain characteristics of the Facilities (and in particular the variable interest rate applicable to Loans and each Borrower's right to select the duration of the Interest Period of each Loan) the taux effectif global cannot be calculated at the date of this Agreement. However, each French Borrower acknowledges that it has received from the Agent a TEG Letter, containing an indicative calculation of the taux effectif global, based on figured examples calculated on assumptions as to the taux de période and durée de période set out in the letter and on the assumption that the interest rate and all other fees, costs or expenses payable under this Agreement will be maintained at their original level throughout the term of this Agreement. The Parties acknowledge that such letter forms part of this Agreement.
Effective Global Rate (Taux Effectif Global. For the purposes of Articles L. 313-4 of the French Code monétaire et financier and L. 313-1, L. 313-2, R.313-1 and R.313-2 of the French Code de la consommation, the Parties acknowledge that by virtue of certain characteristics of the Facilities (and in particular the variable interest rate applicable to the Loans and the Borrowersright to select the currency and the duration of the Interest Period of each Loan) the taux effectif global cannot be calculated at the date of this Agreement. However, the Original Borrowers incorporated in France acknowledge that they have received from the Agent a letter substantially in the form set out in Schedule 14 (Form of Letter for Determination of the Effective Global Rate (Taux Effectif Global)) containing an indicative calculation of the taux effectif global, based on figured examples calculated on assumptions as to the taux de période and durée de période set out in that letter. The Parties acknowledge that that letter forms part of this Agreement.
Effective Global Rate (Taux Effectif Global. For the purposes of Articles L.313-1 and seq, R.313-1 and R.313-2 of the Code de la Consommation and Articles L.313-4 to L.313-5 of the Code Monétaire et Financier, the Parties acknowledge that by virtue of certain characteristics of the Facility (and in particular the variable interest rate applicable to Loans and the Borrower's right to select the currency and the duration of the Interest Period of each Loan) the taux effectif global cannot be calculated at the date of this Agreement. However, the Original Borrowers acknowledge that they have received from the Facility Agent a letter containing an indicative calculation of the taux effectif global, based on figured examples calculated on assumptions as to the taux de période and durée de période set out in the letter in the form set out in Schedule 9. The Parties acknowledge that that letter forms part of this Agreement.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!