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 June 8, 2012 until and including the Auction Settlement 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 August 19, 2013 until and including the Auction Date (as defined below).

• R$29.02 represents the base offer price plus accrued interest at the CDI Rate from June 8, 2012 through and including August 18, 2013, a recent date, and is being disclosed for illustrative purposes.

• The LFTs had remuneration rates varying between 13.65% to 13.90% on September 30, 2022 (9.12% to 9.50% on December 31, 2021).(4) Debentures are medium and long term debt securities, which give their holders a right of credit against the issuing company, The debentures have remuneration varying from TR+1% to 114.29% of the CDI Rate on September 30, 2022 (TR+1% to 114.83% of the CDI Rate on December 31, 2021).

• The transaction was a revolving loan, whose benchmark return rate was 103.0% of the CDI Rate and had a maturity of 12 months.

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, 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 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 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.

CDI Rate means the average annual rate, based on a year of two hundred fifty- two (252) days, of transactions with Certificado de Depósito Interbancário – CDI (Interbank Deposit Certificate), with term equal to one (1) Business Day (over), calculated and published by B3, with the daily factor rounded in the eighth decimal place, or in the case of its extinction, an equivalent rate replacing it, applied at all times on a pro rata basis.

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 http://www.cetip.com.br/) 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;