Minimum Rate of Return definition

Minimum Rate of Return means the minimum rate of return of profit (if any) specified in the relevant Final Terms in respect of the relevant Sukuk Assets;
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Examples of Minimum Rate of Return in a sentence

  • For greater certainty, the Minimum Rate of Return shall only be applicable to and calculated against any amounts not prepaid under the Gold Loan Facility pursuant to Section 6.4 or Section 6.8.

  • If and to the extent that, on the Rate of Return Calculation Date, the effective rate of return earned by the Gold Loan Facility Lenders on the Gold Loan Facility Commitment Amount shall be less than the Minimum Rate of Return, the Borrower shall forthwith pay to the Agent for the benefit of the Gold Loan Facility Lenders an additional amount in Canadian Dollars equal to the difference.

  • For greater certainty, no actual payment made to the Agent for its own benefit or for the benefit of the Lenders hereunder on or in respect of or in connection with the Credit Facilities or the Gold Loan Facility Commitment Amount, whether paid in cash or in kind, shall be included in the calculation of the Minimum Rate of Return.