Common use of Effective Global Rate Clause in Contracts

Effective Global Rate. (a) For the application of the provisions of Clause R.313-1-1 of the French Monetary and Financial Code, each Party acknowledges that, taking into account the specificity of this Agreement (in particular the variable nature of the SFC rate), the Effective Global Rate cannot be calculated on the signing date of the Agreement but an indicative calculation of such rate shall be provided in this Clause 9.6.

Appears in 3 contracts

Samples: Factoring Agreement, Factoring Agreement (Constellium Holdco B.V.), Factoring Agreement (Constellium Holdco B.V.)

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Effective Global Rate. (a) For the application of the provisions of Clause article R.313-1-1 of the French Monetary and Financial Code, each Party acknowledges that, taking into account the specificity of this Agreement (in particular the variable nature of the SFC rate), the Effective Global Rate cannot be calculated on the signing date of the Agreement but an indicative calculation of such rate shall be provided in the present Article 8.6. In application of article R.313-1-1 of the French Monetary and Financial Code, the indicative calculation of the Effective Global Rate applicable to this Clause 9.6.Agreement:

Appears in 1 contract

Samples: Agreement (Tecumseh Products Co)

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Effective Global Rate. (a) For the application of the provisions of Clause R.313R. 313-1-1 of the French Monetary and Financial Code, each Party acknowledges that, taking into account the specificity of this Agreement (in particular the variable nature of the SFC rate), the Effective Global Rate cannot be calculated on the signing date of the Agreement but an indicative calculation of such rate shall be provided in this Clause 9.6.

Appears in 1 contract

Samples: Factoring Agreement (Constellium N.V.)

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