Interest Reference Rate definition

Interest Reference Rate means the reference benchmark rate of interest identified in the Financial Model and used in the calculation of the Project Debt Interest Cost, and, for greater clarity, is the base rate of interest exclusive of any stated or imbedded spread including, without limitation, credit, swap or otherwise, or fees.

Interest Reference Rate means the benchmark rate of interest that We use when determining the interest rate that applies to Your Account. We can add or deduct a margin to or from the Interest Reference Rate to determine what the interest rate will be;

Interest Reference Rate means [REDACTED].

Examples of Interest Reference Rate in a sentence

• The Commercial Interest Reference Rate (CIRR) established according to the provisions set out in Articles 3 to 7 of this Appendix, to which, in both cases, the margin benchmark, calculated in accordance with Article 8 f) of this Appendix, shall be added.

• The Commercial Interest Reference Rate (CIRR) established according to the provisions set out in Articles 3 to 7 of this Appendix, to which, in both cases, the margin benchmark, calculated in accordance with Article 8 of this Appendix, shall be added.

• Project Co represents and warrants that the Project Debt Interest Cost as set out in the RFP Submission is based upon the Interest Reference Rate.

• Details of the applicable Interest Reference Rate that applies to Your Account is set out in the Table below.

• Discount rate - The rate compiled by the Economic Research Department of CBSL (ERD) based on the long term inflation target on USD –Commercial Interest Reference Rate (CIRR) plus 1 per cent added for the risk premium as agreed by the Audit Committee of the Bank is used as the discount rate and it varies with the period of the loans.

More Definitions of Interest Reference Rate

Interest Reference Rate means the benchmark rate of interest that We use when determining the interest rate that applies to Your Account. We can add a margin to the Interest Reference Rate to

Interest Reference Rate means the Interest Reference Rate as set out in the [REDACTED].

Interest Reference Rate has the meaning given to it in Section 2.7.

Interest Reference Rate means, for all periods beginning on and after January 1, 2004, the quarterly average of the 10-year Treasury Bill constant maturity securities rate, with no floor or ceiling. The Interest Reference Rate shall be computed for each calendar quarter as the average of the weekly 10-year Treasury Bill constant maturity securities rates published by Federal Reserve Board during the prior calendar quarter. The Interest Reference Rate as so computed shall float from quarter to quarter. If the Federal Reserve Board ceases weekly publication of the 10-year Treasury Bill constant maturity securities rate, the Committee may select any comparable published rate as a replacement.

Interest Reference Rate. The Interest Reference Rate is the EURIBOR (Euro Interbank Offered Rate), provided that the applicable term and the details of the continuing adjustment of the EURIBOR are set out in schedule 1 (Terms and Conditions). The actual rate of the EURIBOR is published, inter alia, on the internet site of the German Federal Bank.

Interest Reference Rate three months EURIBOR (daily rate) fixed on the last business day of a month for the following month and

Interest Reference Rate means the rate per month equal to the offered rates for deposits in U.S. Dollars for a 1 month period which appears on the LIBO page of the Reuters Monitor Money Rates Service.