CDI Rate definition

CDI Rate means the Brazilian interbank deposit (Certificado de Depósito Interbancário) rate, which is an average of interbank overnight rates in Brazil, the average rate of 2022 was 12.38% (2021 – 4.42%).

CDI Rate means the Brazilian interbank deposit (Certificado de Depósito Interbancário) rate, which is an average of interbank overnight rates in Brazil.

CDI Rate shall have the meaning ascribed to it in the SPA.

Examples of CDI Rate in a sentence

• The Purchase Price to be paid for each Target Share shall be adjusted by the variation of the CDI Rate assessed from August 19, 2013 until and including the Auction Date (as defined below).

• The Purchase Price to be paid for each Target Share shall be adjusted by the variation of the CDI Rate assessed from June 8, 2012 until and including the Auction Settlement Date (as defined below).

• The LFs in Cemig’s portfolio have remuneration rates varying from 102% to 111.25% of the CDI Rate, at June 30, 2019 (102% to 111.25% December 31, 2018).(2) Treasury Financial Notes (LFTs) are fixed-rate fixed-income securities, their yield follows the daily changes in the Selic rate between the date of purchase and the date of maturity.(3) Debentures are medium and long term debt securities, which give their holders a right of credit against the issuing company.

• The Scenario 1 represents the impact on booked amounts considering the most current (December 2023) CDI Rate and IBR Rate and reflects management’s best estimates.

• For purposes of payment of the indemnities established in this Chapter 11, the amount of Losses due to the Buyer shall be duly adjusted by the CDI Rate, from the date of the effective disbursement for each Loss by the Indemnifiable Party until the date of indemnity’s effective payment (or its offset, as authorized by this Agreement).

More Definitions of CDI Rate

CDI Rate means the Brazilian interbank deposit (Certificado de Depósito Interbancário) rate, which is an average of interbank overnight rates in Brazil, the average rate of 2021 was 4.42% (2020 – 2.76%).

CDI Rate means the daily average rate of the DI – Depósitos Interfinanceiros of one day, “over extra-grupo”, expressed in the form of percentage per annum, basis 252 business days, calculated and published daily by the CETIP S.A. – Mercados Organizados, at the website xxxx://xxx.xxxxx.xxx.xx.

CDI Rate means, with respect to the adjustment of any amount on any applicable date of determination, the percentage that corresponds to the accumulated variation of the Brazilian interbank rate for 1-day certificate of deposits (CDI) as calculated and disclosed by CETIP (Balcão Organizado de Ativos e Derivativos) during any given period as specified herein; it being understood that such calculation shall be that disclosed by CETIP at its url location (currently hxxx://xxx.xxxxx.xxx.xx/) or such other successor page or service as determined in good faith by Cosan and Shell for the purpose of performing accumulated calculations of CDI rates for such periods;

CDI Rate means in respect of a Reset Date, the Brazil Interbank Deposit Rate Annualized, known as the average (Média) of the DI-OVER-Extra Grupo, expressed as a percentage per annum, based on a two hundred fifty-two (252) business days year, as published by B3 in its daily report available at B3’s website (xxxx://xxx.x0.xxx.xx) on the first Local Business Day following such Reset Date.

CDI Rate means the Brazilian Interbank Deposit Rate (Certificado de Depósito Interbancário — CDI).

CDI Rate means the average daily rate offered for Extra-Group Overnight Interbank Deposits, calculated and released daily by Central de Custódia e Liquidação Financeira de Títulos – CETIP and capitalized on an annual basis (for a 252-business-day year), or, in case of temporary unavailability or discontinuance thereof, another National Financial System benchmark rate replacing it, as agreed upon by the Parties.

CDI Rate means the average interest rate based upon issuance transactions of Interbank Deposits with fixed interest rates, registered and settled through CETIP system, considering exclusively one-day transactions from interbank market, involving financial institutions from different groups (Extra group) and disregarding other transactions (Intra group), expressed as percentage per day, calculated and published by B3 in the daily informative available in its webpage (xxxx://xxx.x0.xxx.xx or xxxx://xxx.xxxxx.xxx.xx). If the CDI Rate becomes unavailable or otherwise ceases to be published, then the Parties shall use the CDI Rate whichever rate is adopted as the reference rate.