Finance Costs Sample Clauses

Finance Costs. All Finance Costs.

Finance Costs. If Holder desires to satisfy its obligation to pay the amount due therefrom under clause (a)(ii) or (c)(ii) of this Section 3 by delivering the subject Note and Pledge Release, Holder shall provide written notice thereof to the Company not less than ten (10) Business Days prior to the Closing. If the Company thereafter notifies Holder in writing not less than five (5) Business Days prior to the Closing that such amount must be paid in cash pursuant to clause (a)(ii)(A)(i) or (c)(ii)(A)(i) of this Section 3, the Company shall reimburse to Holder at the Closing an amount equal to the cost actually and reasonably incurred by Holder to finance the payment of such amount in cash. Holder will attempt to advise the Company in advance of the amount of such finance costs.

Finance Costs. 22 20. SET OFF AND VAT...................................................22 21.

Finance Costs. Finance costs primarily comprise interest accrued on the Group’s loans and financing under financial leasing arrangements. Finance costs increased by UAH 861,781 thousand, or 48.8 per cent. to UAH 2,627,723 thousand for the six months ended 30 June 2015 from UAH 1,765,942 thousand for the six months ended 30 June 2014. This increase was primarily driven by the rise in the sum of loan and financial leasing debts compared to the same period in the preceding year, as a result of the depreciation of the hryvnia (particularly against the U.S. dollar).

Finance Costs. 19.1 It is recorded that where a dispute arises between the depositor and RRL which is to be determined in accordance with the provisions of clause 10.7.4, then having regard to the fact that RRL has agreed, as contemplated in clause 14.1, to sell gold on behalf of the depositor prior to the settlement of any such dispute, RRL will be obliged to use its gold loan facilities to satisfy the delivery obligations in terms of such contracts of sale which will result in RRL incurring additional finance costs. The aforesaid finance costs shall comprise the weighted average cost to RRL of the gold lease rates associated with RRL's gold loan facilities which RRL will avail itself of, during the period from the date of payment by RRL to the depositor of the price for the gold sold until the date of determination by the umpire of the relevant dispute referred to in clause 10.7.4, as certified by the auditors of RRL, whose certificate shall be final and binding on the parties. 19.2 The depositor agrees that where it is obliged to pay all or half of the costs of the umpire as contemplated in clause 10.7.4, then it shall be obliged to reimburse RRL with all or half, as the case may be, of the finance costs referred to in clause 19.1 against receipt of a statement from RRL in respect thereof.

Finance Costs. 7.10.1 A finance cost of 6.5% has been used which reflects the market rate cost to a national House Builder covenant using debt finance to fund a project of this nature. The development has been cash flowed and the finance cost applied accordingly.

Finance Costs. Costs required in order to function as a business e.g. interest, cash leasing costs excluding intra-group interest payments (5)

Finance Costs. Total finance costs was at USD21.74 million for the Reporting Period (2015: USD13.44 million). The increase was primarily due to a foreign exchange loss of USD11.22 million (2015: a gain of USD0.34 million) when USD bank borrowings are translated to RMB which is the functional currency of Spring REIT’s subsidiary, RCA01. Such foreign exchange loss was non-cash in nature and did not affect the TDI for the Reporting Period. With the completion of refinancing in April 2015, the Group’s new 5-year term loan carried a contractual interest rate of 3-month USD London Interbank Offered Rate (“USD LIBOR”) plus 2.75%, which was 75 basis points lower than that of the previous 3-year term loan. Primarily due to a lower effective interest rate, partly offset by a higher average USD LIBOR during the Reporting Period, the Group’s interest expense on bank borrowings amounted to USD10.52 million for the Reporting Period, 7.9% lower than the USD11.42 million in first half of 2015. Interest expense on bank borrowings (US$ million) 10.52 11.42 Foreign exchange gains on bank borrowings (US$ million) 11.22 –0.34 Other incidental borrowing costs (US$ million) – 2.36 Total Finance costs (US$ million) 21.74 13.44 Interim Report 2016 Spring Real Estate Investment Trust 11 Management Discussion and Analysis (continued) On 17 December 2015, the Group entered into a currency option contract to hedge the risk of a substantial depreciation in RMB against USD. The currency option has a notional principal amount of USD480.00 million with a strike rate of USD1 to RMB7.5 for a period of 1 year. As at 30 June 2016, the fair value of this currency option was approximately USD2.26 million. A decrease in net fair value of USD4.86 million was recorded for the Reporting Period as a result of time value decrease. The tenure of this currency option may not exactly match that of the Group’s bank borrowings. As market conditions continue to evolve, the Manager will continue to closely monitor the currency as well as the interest rate markets and adopt strategies that, if necessary, reduce the currency and interest rate risks. In 2015, Spring REIT, through RCA01, drew down a five-year floating rate secured term loan facility of USD480.00 million (“2015 Term Loan Facility”) to early repay a previous term loan of USD465.00 million. The 2015 Term Loan Facility bears an interest margin of 2.75% per annum over 3-month USD LIBOR. The 2015 Term Loan Facility was recognized at USD479.79 million in the financi...

Finance Costs. Finance Costs are all costs as defined in Article 1.39 of the Contract

Finance Costs. The following table summarizes information related to finance costs: Interest and other finance costs $ 387 $ 300 29.0 % Less: interest capitalized (14) (21) (33.3)% Finance costs, net $ 373 $ 279 33.7 % Finance costs, net of amounts capitalized, was US$373 million for the year ended December 31, 2021, compared to US$279 million for the year ended December 31, 2020. The increase in interest and other finance costs of US$87 million was primarily due to increase in our weighted average interest rate and weighted average total debt balance. The weighted average debt balance increased in connection with draws on the SCL revolver during the year ended December 31, 2021 and the issuance of the 2026 Notes and 2030 Notes in June 2020. Additionally, the weighted average interest rate increased from 4.6% to 5.1% during the year ended December 31, 2021 as a result of the expiration of interest rate swap in August 2020. Interest capitalization decreased by US$7 million due to a reduction in construction costs relating to The Londoner Macao project in 2021. The weighted average interest rates are calculated based on total interest expense (including amortization of deferred financing costs, standby fees and other financial costs and interest capitalized) and total weighted average borrowings.