Present Value of the Original Credit means the present value of all payments from the Credit which the Bank would receive under original terms and conditions for the term of respective Relevant Periods. “Group Member“ shall mean the person to which the Client is connected by ownership or personally or with whom the Client forms a group. “Interest Period” shall mean a period for which the IBOR rate for a relevant Credit has been determined (i.e. for 1M IBOR one month, for 3M IBOR three months etc.) and in case of O/N IBOR rate or Reference Rate such a period shall be one (1) day.
Present Value of the Original Credit means the present value of all payments from the Credit which the Bank would receive under original terms and conditions for the term of respective Relevant Periods. “Group Member“ shall mean the person to which the Client is connected by ownership or personally or with whom the Client forms a group. “Term XXXX“ shall mean the term reference rate administered by CME Group Benchmark Administration Limited (or any other person as a successor administrator of this rate) for the relevant period published by CME Group Benchmark Administration Limited (or any other person as a successor administrator of this rate). The Bank shall use the rate for the relevant period published 2 Working Days prior to the date of the Drawdown, its renewal or Interest Rate Update. If the Term XXXX rate is less than zero (0), Term XXXX shall be deemed to be zero (0).
Present Value of the Original Credit means the present value of all payments from the Credit which the Bank would receive under original terms and conditions for the term of respective Relevant Periods. “Group Member“ shall mean the person controlling, directly or indirectly, the Client, or the person controlled, directly or indirectly, by the Client, or the holding company of the Client, or the person to which the Client is connected by ownership or personally or with whom the Client forms a group. “Term XXXX“ shall mean the term reference rate administered by CME Group Benchmark Administration Limited (or any other person as a successor administrator of this rate) for the relevant period published by CME Group Benchmark Administration Limited (or any other person as a successor administrator of this rate). The Bank shall use the rate for the relevant period published 2 Working Days prior to the date of the Drawdown, its renewal or Interest Rate Update. If the Term XXXX rate is less than zero (0), Term XXXX shall be deemed to be zero (0).