Unidad de Fomento definition

Unidad de Fomento. (UF): Chilean inflation-indexed accounting unit.

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Unidad de Fomento or “UF” means the currency unit referred in Chapter II. B.3 of the Compendium of Financial Regulations (Compendio de Normas Financieras) issued by the Banco Central de Chile pursuant to number 9 of article 35 of Law 18,840 (Ley Orgánica Constitucional del Banco Central de Chile), or any unit that may replace it in the future and determined using similar calculation. This currency unit represents the index of adjustment of Chilean inflation announced from time to time by the Banco Central de Chile in the Diario Oficial, Chile.

Unidad de Fomento means the system of adjustment authorized by the Central Bank of Chile under the power conferred thereupon in No. 9 of Article 35 of Law 18,840, the Constitutional Organic Charter of the Central Bank of Chile, according to the power conferred thereupon in No. 9 of Article 35 of Law 18,840, the Constitutional Organic Charter of the Central Bank of Chile, as published by such Central Bank in the Official Gazette in observance of Chapter II.B.3 on "Systems of Adjustment Authorized by the Central Bank of Chile. Resolution No. ▇-▇▇-▇▇▇▇▇▇," of the Compendium of Financial Regulations or the regulations replacing them in the future.

Examples of Unidad de Fomento in a sentence

Both the additions as well as the deductions shall be duly adjusted by the change in the Unidad de Fomento from the date of receipt to the date of payment of the minimum price indicated above.
The Debtor agrees to pay interest on the unpaid balance of the principal amount owed of the Outstanding Amount [, adjusted according to the variation in the value of the Unidad de Fomento,] as from the date hereof and until the date of its full and actual payment date, at an interest rate equivalent to the [*] Rate, hereinafter defined, [plus a margin of [*] annual percentage points,] hereinafter referred to as the “Interest Rate”.
That it is agreed to set as a price, the measure of the Unidad de Fomento of the State of Chile, but since this is a long-term project, the corresponding measure set by the State will be set if it undergoes any variation or change.
The parties agree that if, for any reason, the Unidad de Fomento or its current calculation method ceases to exist, all obligations expressed in Unidades de Fomento under this Agreement shall continue to be governed by the regulations relating to the Unidad de Fomento in force as of that date, unless in such case the parties agree to replace such regulations with a new system for the readjustment of the transactions of the Chilean Banks, that has been duly approved by the Central Bank of Chile.
The principal amount expressed in Unidades de Fomento shall be repaid in its equivalent amount in pesos on the date of payment, according to the official value that such Unidad de Fomento represents as of that date.

More Definitions of Unidad de Fomento

Unidad de Fomento means an inflation-indexed, Chilean Peso-denominated adjustability unit, calculated by the Central Bank of Chile as provided in No. 9 of article 35 of Law No. 18,840 and number 3(a) of Chapter II.B.3 of the Compendium of Financial Regulations of the Central Bank of Chile.

Unidad de Fomento. Means the adjustable unit set by the Central Bank of Chile under Law 18,840.

Unidad de Fomento or "Unidades de Fomento" means an inflation adjustment unit of account having an equivalent in Chilean pesos as published from time to time by the Central Bank of Chile.

Unidad de Fomento means the indexation unit referred to in Nr. 9 of article 35 of Law 18,840, Constituti0onal Statute of the Central Bank of Chile, or any such unit as may replace the same in the future and determined on an identical or comparable basis.

Unidad de Fomento or "UF" refers to the value of this unit as determined by the Central Bank of Chile in accordance with Article 35 No. 9 of Law 18.840, the Law Governing the Central Bank of Chile, and with Chapter II.B.three of the Compendium of Financial Norms of the Central Bank of Chile.

Unidad de Fomento or “UF” will mean, on any date of determination, the adjustable unit established by the Central Bank, in accordance with the provisions of Article 35 number 9 of the first Article of the Law number 18840 and the Chapter II.B.Three, “Systems of Readjustability Authorized by the Central Bank/Agreement number ▇▇-▇▇-▇▇▇▇▇▇”, of the Set of Financial Rules of the Central Bank, and published in the date most recent to such determination in the Official Journal or in the web site ▇▇▇.▇▇▇▇▇▇▇▇.▇▇.

Unidad de Fomento or “UF” shall refer in any determination date, to the indexing unit set by the Central Bank of Chile, in accordance with the provisions set forth in Section 35, subsection 9 of Article I of Law No. 18.840 and in Chapter II.B.Three “Indexing Systems Authorized by the Banco Central de Chile /Agreement No. ▇▇-▇▇-▇▇▇▇▇▇/” of the Compendium of Financial Regulations of the Central Bank of Chile and published in the most recent determination date in the Official Gazette or on the website date : ▇▇▇.▇▇▇▇▇▇▇▇.▇▇ . SECTION THREE: OPENING OF CREDIT FACILITY. /▇▇▇▇▇.▇▇▇/ Committed Amount. By this Agreement Itaú Nassau opens a non-revolving credit facility, under which, subject to the fulfillment of the conditions set forth in this Section, undertakes to grant the Debtor, certain loans for the maximum total principal amount of up to US$1,200,000,000 in three availability tranches, the first one for up to the sum of US$920,000,000 on account of principal and the remaining availability tranches /in the aggregate/ up to the sum of US$280,000,000 on account of principal, hereinafter referred to as the “Committed Amount” to be disbursed by Itaú Nassau to the Debtor in one or more disbursements under the terms and conditions set forth in this Section. The total amount owed by Debtor to Itaú Nassau under the loan to be actually granted under the Committed Amount shall be hereinafter referred to as the “Credit Facility”. The Credit Facility shall be non-revolving, so that any repayments or prepayments to be made by Debtor under the Credit Facility shall not entitle the Debtor to apply for new Disbursements charged to the Committed Amount. /Three.