Redeployment Rate means the fixed annual rate determined by the Bank, being a rate which the Bank would apply on the day of the indemnity calculation to a loan that has the same currency the same terms for the payment of interest and the same repayment profile to the Interest Revision/Conversion Date, if any, or the Maturity Date as the Tranche in respect of which a prepayment or cancellation is proposed or requested to be made. Such rate shall not be of negative value.
Redeployment Rate means the Fixed Rate excluding the Margin in effect on the day of the indemnity calculation for fixed-rate loans denominated in the same currency and which shall have the same terms for the payment of interest and the same repayment profile to the Maturity Date as the Tranche in respect of which a prepayment is proposed or requested to be made. For those cases where the period is shorter than 48 (forty-eight) months, the most closely corresponding money market rate equivalent will be used, that is the EURIBOR minus 0.125% (12.5 basis points) for periods of up to 12 (twelve) months. For periods falling between 12 (twelve) and 48 (forty-eight) months, the bid point on the swap rates as published by Reuters for the related currency and observed by the Bank at the time of calculation will apply.
Redeployment Rate means the Fixed Rate excluding the Margin in effect on the day of the indemnity calculation for fixed-rate loans denominated in the same currency and which shall have the same terms for the payment of interest and the same repayment profile to the Interest Revision/Conversion Date, if any, or the Maturity Date as the Tranche in respect of which a prepayment is proposed or requested to be made. For those cases where the period is shorter than 48 months (or 36 months in the absence of a repayment of principal during that period) the most closely corresponding money market rate equivalent will be used, that is the Relevant Interbank Rate minus 0.125% (12.5 basis points) for periods of up to 12 (twelve) months. For periods falling between 12 and 36/48 months as the case may be, the bid point on the swap rates as published by ICAP in Reuters for the related currency and observed by the Bank at the time of calculation will apply.
Examples of Redeployment Rate in a sentence
The value shall be calculated at a discount rate equal to the Redeployment Rate applied as of each relevant Payment Date.
The said present value shall be calculated at a discount rate equal to the Redeployment Rate, applied as of each relevant Payment Date of the applicable Tranche.
The said present value shall be calculated at a discount rate equal to the Redeployment Rate, applied as of each relevant Payment Date.
The number of hours billed under a Redeployment Rate will not exceed eight (8) hours in a twenty-four (24) period.
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More Definitions of Redeployment Rate
Redeployment Rate means the fixed annual rate determined by the Bank, being a rate which the Bank would apply on the day of the indemnity calculation to a loan that has the same currency, the same terms for the payment of interest and the same repayment profile to the Maturity Date as the Tranche in respect of which a prepayment or cancellation is proposed or requested to be made. Such rate shall not be of negative value.
Redeployment Rate means the Fixed Rate in effect on the day of the indemnity calculation for fixed-rate loans denominated in the same currency and which shall have the same terms for the payment of interest and the same repayment profile to the Maturity Date as the Tranche in respect of which a prepayment is proposed or requested to be made. For those cases where the period is shorter than 48 months (or 36 months in the absence of a repayment of principal during that period) the most closely corresponding money market rate equivalent will be used, that is the Relevant Interbank Rate minus 0.125% (12.5 basis points) for periods of up to 12 (twelve) months. For periods falling between 12 and 36/48 months as the case may be, the bid point on the swap rates as published by Intercapital in Reuters for the related currency and observed by the Bank at the time of calculation will apply.
Redeployment Rate means the Fixed Rate in effect on the day of the indemnity calculation for fixed-rate loans denominated in the same currency and which shall have the same terms for the payment of interest and the same repayment profile to the Interest Revision/Conversion Date, if any, or the Maturity Date as the Prepayment Amount. For those cases where the period is shorter than the minimum intervals described under Article 3.01 the most closely corresponding money market rate equivalent will be used, that is LIBOR minus 0.125% (12.5 basis points) for periods of up to 12 (twelve) months. For periods falling between 13 and 36/48 months respectively, the bid point on the swap rates as published by Intercapital in Reuters for the related currency and observed by the Bank at the time of calculation will apply.
Redeployment Rate means a per annum rate (which may be positive or negative), expressed as a decimal, equal to (i) a hypothetical Relevant Rate for the Early Termination Date computed as if the Early Termination Date were a Reset Date and as if the Designated Maturity were approximately equal to the length of the period from the Early Termination Date to the next scheduled Payment Date but otherwise on the basis of the applicable Floating Rate Option and the other variables specified in the rate swap, less (ii) the Floating Rate utilized to calculate the Adjusted Floating Amount.
Redeployment Rate means, at any time, the fixed per annum rate (calculated on the basis of a single annual interest payment), as determined by the relevant Lender in its sole discretion on the date of any prepayment of the Tranche B Term Loans, that would be bid by a fixed rate payor under an arm's-length interest rate swap transaction having (i) a term approximately equal to the period commencing on the date of such prepayment and ending on the Maturity Date, (ii) a notional amount equal to the amount of such prepayment, (iii) a floating rate of LIBOR (determined by the relevant Lender in accordance with its customary practices) for the amount and (iv) a counterparty of creditworthiness acceptable to the relevant Lender.
Redeployment Rate means the fixed annual rate determined by the Investor, being a rate which the Investor would apply on the day of the cost calculation to a loan that has the same currency, the same terms for the payment of interest and the same repayment profile or the Final Maturity Date as the Bonds. Such rate shall not be of negative value.Schedule 2 to the Issue Letter No. 6/2020 of Polski Fundusz Rozwoju S.A. Interest Rate calculation formula The amount of interest payable in respect of each Bond for any interest period shall be calculated by applying the Interest Rate to the principal amount of one Bond. The interest amount will be calculated up to two decimal places.Schedule 3 to the Issue Letter No. 6/2020 of Polski Fundusz Rozwoju S.A. Form of Declaration of Guarantor on Guarantee Declaration on the State Treasury’s guarantee(fixed-rate bonds) Art. 1.Under Art. 21aa.2 of the Act on the System of Development Institutions dated 4 July 2019 (Journal of Laws item 1572 with further amendments) the liabilities of Polski Fundusz Rozwoju S.A. with its registered office in Warsaw at ul. Krucza 50, hereinafter referred to as the “Issuer”, towards each holder of the bonds, hereinafter referred to as the “Bondholder”, that arise as a result of purchasing the Issuer's bonds with the abbreviated name PFR 1227, hereinafter referred to as the "Bonds”, documented by the Issue Letter No. 6/2020 dated 2 December 2020 ("Issue Letter") on the issue of the bonds by Polski Fundusz RozwojuS.A. the proceeds of which shall be utilised to fund "Governmental Programme – Polish Development Fund’s Financial Shield for Small and Medium-sized Enterprises" maturing on 10 December 2027, are secured with a guarantee of the State Treasury, represented by the Minister of Finance, Development Funds and Regional Policy hereinafter referred to as the "Guarantor”. Art. 2.
Redeployment Rate has the meaning set forth in Section 2.12 of the Loan Agreement.