Offered Interest Rate definition
Offered Interest Rate means the offered quotation specified in the Final Terms and, following the occurrence of a Benchmark Event, the relevant Replacement Offered Interest Rate or, as applicable, the relevant Alternative Offered Interest Rate or, as applicable, the Offered Interest Rate for the immediately preceding Interest Period, as determined at the relevant time in accordance with this § 3(3).
Offered Interest Rate means the interest rate for the Loan Request that would generate monthly repayments equal to the sum of the individual scheduled repayments due to be made to the Lenders. This rate is calculated before the application of any fees to FundingKnight.