Cost of Carry definition

Cost of Carry means, in relation to Funding Instruments, the difference between (i) the interest accrued under the relevant Funding Instruments (a) in the case of a Pre-Funding Operation, during the period from the date EFSF commences incurring liability for interest under the relevant Funding Instruments under the Pre-Funding Operation until the relevant Disbursement Date (or the date on which the proceeds of the relevant Funding Instruments are used to refinance any other Funding Instruments) or, if the proceeds of the Pre-Funding Operation are not partly or entirely disbursed, until the maturity of the relevant Funding Instruments for the undisbursed proceeds,

Cost of Carry means, with respect to a Participant, the sum of (a) the amount obtained by multiplying the Deferred Tax Benefit for each Plan Year by the Average Federal Funds Rate in the Fiscal Year for which the determination is being made, and (b) the amounts obtained by compounding the amounts so obtained for each preceding Fiscal Year for which a Cost of Carry was calculated less the tax benefits associated with the amounts so determined, calculated on the basis of the Marginal Tax Rate in each such Fiscal Year, on an annual basis, at the Average Federal Funds Rate in effect during each succeeding Fiscal Year; and, with respect to the Plan as a whole, means the aggregate Cost of Carry of all Participants in any Fiscal Year.

Cost of Carry means the difference between (i) the interest accrued under the relevant Funding Instrument or treasury operation (a) in the case of any Interim Financing or Definitive Financing which re-finances the EFSF Debt Securities, during the period from which EFSF incurs liability to pay interest under such Interim Financing or Definitive Financing until the date on which the EFSF Debt Securities mature, (b) in the case of any Interim Financing that may continue following the entry into a Definitive Financing, during the period from the date the Definitive Financing refinances the respective Interim Financing, for as long as EFSF continues to incur liability for interest under the relevant Funding Instrument or treasury operations under the Interim Financing, (c) in the case of any Definitive Financing that may be re-financed by another Definitive Financing or Interim Financing through a Pre- Funding Operation, during the period from the date EFSF commences to incur liability for interest or treasury operations under the new Definitive Financing or Interim Financing until the new Definitive Financing or Interim Financing is disbursed to the Beneficiary Member State and (ii) any return actually received by EFSF, if EFSF at its sole discretion invested the amount pre-funded or the residual amount under an Interim Financing or the amount pre-funded or the residual amount under a refinancing of an earlier Definitive Financing. In relation to (b) above, if and when in the future a liquidity buffer is made available to EFSF for the interim period at the time of rollover of any Interim Financing or Definitive Financing, the cost of carry should be passed to such liquidity buffer and allocated according to the guidelines the Board of Directors of EFSF may adopt and the Guarantors may approve, for such liquidity buffer.

Examples of Cost of Carry in a sentence

• We irrevocably undertake to pay any fees, costs or expenses including in particular any Issuance Costs, breakage or termination costs and Cost of Carry incurred in respect of any Funding Instruments or hedging contract which EFSF may have undertaken (including in relation to amounts raised to fund the Liquidity Buffer, Financings and/or Pre-Funding Operations) regardless of whether the provision of the relevant Financial Assistance or any disbursement under the Loan Facility takes place.

• For a pre-funded Instalment where the disbursement is delayed, for whichever reason, the Cost of Carry accrues from the date EFSF commences incurring liability for interest under the relevant Funding Instruments and until the date that a final decision on the use of the funds has been taken by EFSF, after consultation with the Beneficiary Member State.

• Such Cost of Carry Amount shall be identified in the relevant invoice.

• The Cost of Carry tracks short term interest rates and therefore, while the rate of return will vary, we expect that there will always be opportunities that can be exploited.

• The Total Services Payment shall be multiplied by the Cost of Carry Factor, and the product of such calculation shall constitute the "Adjusted Services Payment".

More Definitions of Cost of Carry

Cost of Carry means, for any date, any amounts due and payable by Party B on such date to any of the Finance Parties (as defined in the Facility Agreement) pursuant to Article XXV (Indemnities) of the Facility Agreement, calculated in accordance with the requirements set forth in the definition of “Calculation Agent.”

Cost of Carry means, for any date, any amounts due and payable by the Trust on such date with respect to the Applicable Tranche to any of the Finance Parties (as defined in the Facility Agreement) pursuant to Article XXV (Indemnities) of the Facility Agreement, calculated in accordance with the requirements set forth in the definition of “Calculation Agent.”

Cost of Carry means, for any calendar month, the one year "constant maturity" U.S. Treasury Rate as reported in The Wall Street Journal for the last Business Day of the preceding calendar month.

Cost of Carry means an interest rate per annum determined in accordance with Exhibit A hereto.

Cost of Carry means the applicable interest rate set forth on the table below for the following time periods (expressed in days, based on a 360-day year of twelve 30-day months, except for periods of twelve (12) months or less which will be expressed in actual days of 365 based on a 360-day year according to the money market convention).

Cost of Carry means, for any Monthly Period, the per annum percentage equal to the aggregate of weighted average interest (including Premium and program and facility fees, as applicable) and fee (including applicable Premium rates) rates for all Series, the Servicing Fee Rate, the rate equivalent of the Trustee Fees and Expenses.

Cost of Carry means, in relation to Funding Instruments, the difference between