Capital Interest Rate definition
Examples of Capital Interest Rate in a sentence
Growth Capital Advances accrue interest on the outstanding principal balance at the Grown Capital Interest Rate and shall be payable on the tenth day of each month.
Annual Charge-Off" shall be defined as the annual amount of principal and interest payments which would be required to repay a loan ("Capital Loan") in equal monthly installments over the Useful Life, as hereinafter defined, of the capital item in question on a direct reduction basis at an annual interest rate equal to the Capital Interest Rate, as hereinafter defined, where the initial principal balance is the cost of the capital item in question.
Debtors agree to pay to Secured Party, promptly as billed, interest at the Working Capital Interest Rate on the unpaid balance of all Working Capital Advances outstanding from time to time.
The calculation formula for the Capital Interest shall be: Loan Balance × Capital Interest Rate × Actually Accrued Days of the Loan During the Corresponding Interest Period ÷ 360.
Annual Charge-Off" shall be ----------------- defined as the annual amount of principal and interest payments which would be required to repay a loan ("Capital Loan") in equal monthly installments over the Useful Life, as hereinafter defined, of the capital item in question on a direct reduction basis at an annual interest rate equal co the Capital Interest Rate, as hereinafter defined, where the initial principal balance is the cost of the capital item in question.
All disbursements or payments related to Letters of Credit shall be deemed to be Advances and shall bear interest at the Working Capital Interest Rate; Letters of Credit that have not been drawn upon shall not bear interest.
Capital Interest Rate" shall be defined as an annual rate of either one percentage point over the ▇▇ ▇▇▇▇ rate (Standard & Poor's corporate composite or, if unavailable, its equivalent) as reported in the financial press at the time the capital expenditure is made or, if the capital item is acquired through third-party financing, then the actual (including fluctuating) rate paid by Landlord in financing the acquisition of such capital item.
Annual Charge-Off" shall be defined as the annual amount of principal and interest payments which would be required to repay a loan ("Capital Loan") in equal monthly installments of principal and interest over the Useful Life, as hereinafter defined, of the capital item in question on a direct reduction basis at an annual interest rate equal to the Capital Interest Rate, as hereinafter defined, where the initial principal balance is the cost of the capital item in question.
Interest charges shall be computed on the actual average of such daily Advances outstanding during the month (the "MONTHLY ADVANCES") at a rate per annum equal to (i) with respect to Working Capital Advances, the applicable Working Capital Interest Rate; and (ii) with respect to each Capex Advance, the Capex Interest Rate.