Interest means Clause Samples
The 'Interest means' clause defines what constitutes 'interest' within the context of the agreement. It typically specifies the type of interest (such as simple or compound), the applicable rate, and the circumstances under which interest is calculated, such as on overdue payments or outstanding balances. By clearly outlining these details, the clause ensures both parties understand how interest will be applied, thereby preventing disputes and promoting transparency regarding financial obligations.
Interest means. (a) interest and amounts in the nature of interest accrued;
(b) prepayment penalties or premiums incurred in repaying or prepaying any Financial Indebtedness;
(c) discount fees and acceptance fees payable or deducted in respect of any Financial Indebtedness, including fees payable in respect of letters of credit and guarantees;
(d) any net payment (or, if appropriate in the context, receipt) under any interest rate hedging agreement or instrument, taking into account any premiums payable;
(e) any dividends on shares if those shares constitute Financial Indebtedness for purposes of this Agreement; and
(f) any other payments and deductions of similar effect (including the finance cost element of finance leases), and includes commitment and non-utilisation fees (including those payable under the Finance Documents), but excludes facility agent's and front-end, management, arrangement and participation fees with respect to any Financial Indebtedness (including those payable under the Finance Documents);
Interest means. (a) interest and amounts in the nature of interest accrued;
(b) prepayment penalties or premiums incurred in repaying or prepaying any Financial Indebtedness;
(c) discount fees and acceptance fees payable or deducted in respect of any Financial Indebtedness, including fees payable in respect of letters of credit and guarantees;
(d) any net payment (or, if appropriate in the context, receipt) under any interest rate hedging agreement or instrument, taking into account any premiums payable;
(e) any dividends on shares if those shares constitute Financial Indebtedness; and
(f) any other payments and deductions of similar effect (including the finance cost element of finance leases), and includes commitment and non-utilisation fees;
Interest means. (a) interest and amounts in the nature of interest accrued;
(b) prepayment penalties or premiums incurred in repaying or prepaying any Financial Indebtedness;
(c) discount fees and acceptance fees payable or deducted in respect of any Financial Indebtedness, including fees payable in respect of letters of credit and guarantees;
(d) any net payment (or, if appropriate in the context, receipt) under any interest rate hedging agreement or instrument (including under the Hedging Documents), taking into account any premiums payable;
(e) any dividends on shares if those shares constitute Financial Indebtedness for purposes of this Agreement; and
(f) any other payments and deductions of similar effect (including the finance cost element of Finance Leases), and includes commitment and non-utilisation fees (including those payable under the Finance Documents), but excludes Lender’s and front-end, management, arrangement and participation fees with respect to any Financial Indebtedness (including those payable under the Finance Documents).