Cost of Borrowing means the City's notional cost of borrowing to fund the Program (set at the rate of foregone investment income to the City) charged to the Property by applying the Program Interest Rate to the Funding Amount over the Special Charge Term;
Cost of Borrowing means the total of all amounts that a borrower is required to pay under, or as a condition of entering into, a payday loan agreement and all amounts that are prescribed as included in the cost of borrowing, but does not include default charges and the repayment of the advance;
Cost of Borrowing means the Town’s notional cost of borrowing to fund the Program (set at the rate of foregone investment income to the Town) charged to the Property by applying the Program Interest Rate to the Funding Amount over the Special Charge Term;
Examples of Cost of Borrowing in a sentence
Please see any special conditions in the Approval of Mortgage and Cost of Borrowing Disclosure Statement for any exceptions to the above.
If the closing date is extended beyond the commitment expiry date noted in the Approval of Mortgage and Cost of Borrowing Disclosure Statement, you must advise the Mortgagor(s) to contact the Personal Banker or Mortgage Specialist immediately.
The amount of the deduction appears in the Approval of Mortgage and Cost of Borrowing Disclosure Statement.
Ensure that the Mortgagor(s), and if applicable the Guarantor(s), signs the Approval of Mortgage and Cost of Borrowing Disclosure Statement before signing the Mortgage.
The Special Charge (Actual) shall equal the sum of (a) the Funding Amount, (b) the Cost of Borrowing, and (c) the Administrative Charge.
More Definitions of Cost of Borrowing
Cost of Borrowing means Xxxxxx’x weighted average actual cost of borrowing on a principal amount equal to the Aggregate Stock Purchase Price during the period commencing on the Share Closing Date and ending on the Interest Reimbursement Issuance Date, using for purposes of determining the weighted average actual cost of borrowing the interest rates payable by Abbott pursuant to borrowings incurred by it during the period commencing 30 days prior to the Share Closing Date and ending 30 days prior to the Interest Reimbursement Issuance Date; provided that Boston Scientific will only be required to reimburse Abbott pursuant to this Section 2.3 with respect to any Cost of Borrowing greater than $10 million and less than or equal to $70 million; provided further that, for purposes of calculating the Cost of Borrowing, (i) the Net Proceeds (as defined below) to Abbott or any of its Affiliates from sales of Shares that are retained by Abbott as described in Section 3.5 shall be deemed to have been applied by Abbott (minus any Taxes) to reduce the amount of Xxxxxx’x borrowing in respect of the Aggregate Stock Purchase Price, and (ii) such calculation shall be based solely on the actual cost of borrowing and shall not be offset by any earnings or other interest income received by or due to Abbott in respect of any investments or otherwise. Nothing contained in this Section 2.3 shall require Abbott to make any actual payment with respect to such borrowing.
Cost of Borrowing means all amounts that a borrower is required to pay under or as a condition of entering into a credit agreement other than,
Cost of Borrowing means all amounts that a borrower is required to pay under or as a condition of entering into a credit agreement and all prescribed amounts other than,
Cost of Borrowing means Xxxxxx’x actual cost of borrowing incurred during the period commencing on the date of the Closing and ending on the eighteen month anniversary of the Closing of the funds used by it or the applicable Purchaser to pay the Aggregate Stock Purchase Price; provided that Boston Scientific will only be required to reimburse Abbott pursuant to this Section 6.05 with respect to any Cost of Borrowing greater than $10 million and less than or equal to $70 million; provided further that, for purposes of calculating the Cost of Borrowing, the Net Proceeds to Abbott or any of its Affiliates from sales of Shares that are retained by Abbott as described in Section 6.04 shall be deemed to have been applied by Abbott (net of Taxes) to reduce the amount of Xxxxxx’x borrowing in respect of the Aggregate Stock Purchase Price. Nothing contained in this Section 6.05 shall require Abbott to make any actual payment with respect to such borrowing. Abbott shall notify Boston Scientific in writing on a quarterly basis following the Closing of its Cost of Borrowing during the immediately preceding quarter, which Cost of Borrowing shall be subject to audit by a third party designated by Boston Scientific and reasonably acceptable to Abbott. Any Shares issued by Boston Scientific pursuant to this Section 6.05 shall bear the legend described in Section 6.03(b)(ii), which shall be removed at the request of Abbott in accordance with Section 6.03(c)(ii).”
Cost of Borrowing means the amount of
Cost of Borrowing means any amount that a borrower is required to pay under or as a condition of entering into a credit agreement other than:
Cost of Borrowing. , for a mortgage, means,