COF Interest Rate definition

COF Interest Rate. A rate of interest per annum which is offered to the Borrower with respect to its outstanding Term Loans pursuant to the second paragraph of ss. 1.4 and which is accepted by the Borrower as described therein.
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COF Interest Rate. As to any COF Loan for any period of time, that per annum rate of interest which is determined by the Bank to represent the sum of (i) the COF Rate applicable to the relevant period of time for the relevant principal amount as amortized over such period of time PLUS (ii) 3.5% per annum.
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COF Interest Rate. A rate of interest per annum which is (i) offered by the Bank to the Borrower with respect to its outstanding Facility One Term Loans pursuant to the second paragraph of ss.1.4 and accepted by the Borrower as described therein or (iii) offered by the Bank to the Borrower with respect to its outstanding Facility Two Term Loans pursuant to the second paragraph of ss.1.5C and accepted by the Borrower as described therein."
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Examples of COF Interest Rate in a sentence

  • Notwithstanding the foregoing provisions hereof, the Bank need not offer a proposed COF Interest Rate for any period of time with respect to which the Bank, in its sole discretion, determines that there are no recognized sources of funding available to it for such time period or principal amount or that the cost of funds with respect thereto would be unreasonably high or if there then exists any Default or Event of Default.

  • The Bank may base the COF Rate for the purpose of computing the proposed COF Interest Rate on any (or any combination of) recognized sources of available funding for transactions of this type, including, but not limited to, the interbank market, the domestic and European certificate of deposit market and sales of commercial paper.

  • Interest on the COF Loan will be payable at the applicable COF Interest Rate.

  • The source or sources of funding utilized for the computation of the proposed rate shall be selected by the Bank at its sole discretion for offering to the Borrower, and the Borrower shall not have any claim against the Bank with respect to computation of any proposed COF Interest Rate.

  • Interest on any COF Loan will be payable at the applicable COF Interest Rate.

  • The COF Rate shall be determined by the Bank in its discretion for the purposes of any proposed COF Interest Rate offered under this Section.

  • Following such request for a fixed rate, the Bank will endeavor to offer a proposed COF Interest Rate at a rate determined as provided below and under conditions determined by the Bank in its sole discretion.

  • The rate of interest payable on any COF Loan will be the COF Interest Rate applicable thereto.

  • Upon such election, the interest rate payable with respect to such outstanding September 1998 Term Loans not previously so converted shall be fixed (subject to adjustment as provided in this Agreement) for the relevant Fixed Rate Period and at the rate communicated by the Bank for this purpose as its proposed COF Interest Rate.

  • Upon such election, the interest rate payable with respect to the outstanding Term Loans shall be fixed (subject to adjustment as provided in this letter agreement) for the Fixed Rate Period and at the rate communicated by the Bank as its proposed COF Interest Rate.