Deferment Fee definition

Deferment Fee means a fee calculated on the amount of an Accepted Tranche deferred or suspended at the rate of the higher of:
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Deferment Fee means a fee calculated on the amount of an Accepted Loan subject to a Deferred Utilisation at the rate of the higher of:
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Deferment Fee means a fee calculated on the amount of an Accepted Tranche deferred or suspended at the rate of the higher of: 0.125% (12.5 basis points), per annum; and the percentage rate by which: the interest rate net of the Margin that would have been applicable to such Tranche had it been disbursed to the Borrower on the Scheduled Disbursement Date, exceeds the Relevant Interbank Rate (one-month rate) less 0.125% (12.5 basis points), unless such rate is less than zero, in which case it shall be set at zero. Such fee shall accrue from the Scheduled Disbursement Date to the Disbursement Date or, as the case may be, until the date of cancellation of the Accepted Tranche in accordance with this Contract.
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Examples of Deferment Fee in a sentence

  • Once a Student’s school year has begun, if Student desires to defer their ICLS’ studies to the next year’s term, (one year beyond the current registered term) Student will make such Deferment request in writing and will pay the ICLS Deferment Fee of US $500.

  • Deferment FEE If disbursement of an Accepted Tranche is deferred pursuant to Article 1.5.A(1) or 1.5.A(2), the Borrower shall pay the Deferment Fee.

  • If the Bank suspends an Accepted Tranche upon the occurrence of an Indemnifiable Prepayment Event or an Event of Default or of an event or circumstance which would, with the passage of time or the giving of notice or the making of any determination under this Contract (or any combination of the foregoing) constitute an Indemnifiable Prepayment Event or an Event of Default, the Borrower shall pay to the Bank the Deferment Fee calculated on the amount of such Accepted Tranche.

  • Day count convention Any amount due by way of interest, indemnity or the Deferment Fee from the Borrower under this Contract, and calculated in respect of a fraction of a year, shall be determined on the following respective conventions: under a Fixed Rate Tranche, a year of 360 (three hundred and sixty) days and a month of 30 (thirty) days; and under a Floating Rate Tranche, a year of 360 (three hundred and sixty) days and the number of days elapsed.

  • If the Bank suspends an Accepted Tranche upon the occurrence of an Indemnifiable Prepayment Event or an Event of Default or of an event or circumstance which would (with the passage of time or the giving of notice or the making of any determination under this Contract or any combination of the foregoing) constitute an Indemnifiable Prepayment Event or an Event of Default, the Borrower shall pay to the Bank the Deferment Fee calculated on the amount of such Accepted Tranche.