Remuneration Interest definition

Remuneration Interest means the interest charges that the DEBTOR must pay during the Tenor of the Loan over the amounts disbursed, payable at the Remuneration Interest rate (as such term is hereinafter defined);
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Examples of Remuneration Interest in a sentence

  • Payment of Remuneration Interest will take place semiannually in arrears taking into account that Remuneration Interest will be calculated based on the Libor Rate set on each date of determination of Interests.

  • Over the total outstanding unpaid principal, Remuneration Interest will accrue through the entire Tenor of the Loan at the remuneration Interest Rate.

  • Remuneration Interest will be owed by the DEBTOR in favor of BANCOLOMBIA during the term comprised between the Date of the single Disbursement and the date of Maturity of the Loan in which payment is made of all obligations derived from the Loan, in accordance with the conditions stipulated in the Request of Disbursement and which conditions will be formalized through the execution of the respective Promissory Note.