Interest. 4.1 Interest Rate
4.1.1 Selection of Interest Rate The Borrower may select a fixed Interest Rate or a floating Interest Rate for the Facility, which shall apply to the amount set out in the Drawdown Request, by stating the selected Interest Rate, i.e., fixed or floating, in the Drawdown Request delivered to the Lender substantially in the form set out in Schedule 5A (Form of Rate Conversion Request), subject to the following conditions:
(i) Floating Interest Rate The Borrower may select a floating Interest Rate, which shall be the percentage rate per annum, being the aggregate of: - six-month EURIBOR, or, as the case may be, the Replacement Benchmark plus any Adjustment Margin, as determined in accordance with the provisions of Clause 5 (Change to the calculation of interest) of the Agreement; and - the Margin. Notwithstanding the above, if the first Interest Period is less than one hundred and thirty-five (135) days, the applicable EURIBOR shall be: - one-month EURIBOR, or, as the case may be, the Replacement Benchmark plus any Adjustment Margin, as determined in accordance with the provisions of Clause 5 (Change to the calculation of interest) of the Agreement, if the first Interest Period is less than sixty (60) days; or - three-month EURIBOR, or, as the case may be, the Replacement Benchmark plus any Adjustment Margin, as determined in accordance with the provisions of Clause 5 (Change to the calculation of interest) of the Agreement if the first Interest Period is between sixty (60) days and one hundred and thirty-five (135) days.
(ii) Fixed Interest Rate The Borrower may select a fixed Interest Rate. The fixed Interest Rate shall be the Fixed Reference Rate increased or decreased by any fluctuation of the Index Rate from the Signing Date until the relevant Rate Setting Date. The Borrower may specify in the Drawdown Request a maximum amount for fixed Interest Rate. If the fixed Interest Rate as calculated on the Rate Setting Date exceeds the maximum amount for fixed Interest Rate specified in the relevant Drawdown Request, such Drawdown Request shall be cancelled and the Drawdown amount specified in the cancelled Drawdown Request shall be credited to the Available Credit.
4.1.2 Minimum Interest Rate The Interest Rate determined in accordance with Clause 4.1.1 (Selection of Interest Rate), regardless of the elected option, shall not be less than zero point twenty-five percent (0.25%) per annum, notwithstanding any decline in the Interest Rate.
4.1.3 Co...
Interest. 5.1 Fixed Interest Rate set upon disbursement of the Loan.
a) Interest rate. The Borrower will pay interest on each disbursed Loan amount at a rate ("Fixed Interest Rate") determined by KfW within two Banking Days (as defined in Article 15.1 (Banking Day) hereof) prior to the disbursement of the respective Loan amount and which will be composed of:
(i) The swap rate determined on the basis of Reuters page "ICAPEURO" or, if this page does not contain the necessary details or is not accessible, on Bloomberg page "ICAE" (or on a following page replacing the Reuters or Bloomberg pages stated above). If both pages fail to contain the necessary data or are irretrievable, KfW will determine this rate on the basis of its effective funding costs in the euro capital market for maturities that match the respective fixed interest periods as closely as possible,
(ii) plus a margin of 0.60 % per annum that takes into account the grant funds made available by the Government of the Federal Republic of Germany. If the interest rate calculated in accordance with the foregoing falls below 0 % per annum, the Fixed Interest Rate will be 0 % per annum. The Fixed Interest Rate thus determined will apply until the last repayment instalment has been received in accordance with the repayment schedule set out in Article 6.1 (Repayment schedule) hereof.
b) Consolidation. If more than one disbursement is made from the Loan KfW will consolidate the interest rates fixed for each Loan amount into a single interest rate after each disbursement. This consolidated Fixed Interest Rate will correspond to the weighted average of the individual interest rates, rounded down to 1/10,000 of one percentage point if the first omitted decimal is lower than 5 or rounded up to 1/10,000 of one percentage point if the first omitted decimal is equal to or greater than 5, and will be the basis for further calculation of interest from the date of each disbursement to the next disbursement. After full disbursement of the Loan the average interest rate thus determined will apply until the last repayment instalment has been received in accordance with the repayment schedule set out in Article 6.1 (Repayment schedule) hereof.
c) Notification of the interest rate. KfW will notify to the Borrower the Fixed Interest Rate set pursuant to Article 5.1 a) (Interest rate) hereof without delay after it has been fixed. KfW will notify to the Borrower the interest rate consolidated pursuant to Article 5.1 b) (Consolidatio...
Interest. The Borrower will pay interest to KfW as follows:
5.1 Interest (Fixed Interest Rate set upon commitment of the Loan). The Borrower will pay interest on the Loan at a rate of 1.10% p. a. ("Fixed Interest Rate") until the last repayment instalment has been received in accordance with the repayment schedule set out in Article 6.1 hereof.
5.2 Interest calculation. Interest on a disbursed Loan amount will be charged from the date (exclusively) on which the respective Loan amount is disbursed from the Loan account held with KfW for the Borrower until the date (inclusively) on which the respective repayments are credited to KfW's account specified in Article 7.3 hereof. Interest will be calculated in accordance with Article 7.1 hereof.
5.3 Payment Dates. Interest will be due in arrears for payment on the dates specified below (each a "Payment Date"):
a) prior to the due date of the first repayment instalment, on 15 May and 15 November of each year, for the first time on 15 November 2017 but no earlier than on the Payment Date following the day on which this Loan Agreement enters into force and effect pursuant to Article 15.10 hereof;
b) the due date of the first repayment instalment pursuant to Article 6.1 hereof together with such instalment;
c) thereafter on the due dates of the repayment instalments pursuant to Article 6.1 hereof.
Interest. 5.1 Interest. The Borrower will pay interest to KfW as follows: Fixed Interest Rate. The Borrower will pay interest on the Loan at a rate of 0.9% per annum ("Fixed Interest Rate") until the last repayment instalment has been received in accordance with the repayment schedule set out in Article 6.1 (Repayment schedule) hereof.
Interest. 7.1 The Borrower shall pay to the Lender on each Interest Payment Date interest in USD as calculated by the Lender on the Outstanding Amount at the Interest Rate.
7.2 Subject to the proviso in the definition thereof, each Interest Period will be six
Interest. The Borrower shall pay to KfW interest at a rate determined as follows:
4.1 Interest (fixed interest rate set upon commitment of the Loan.) The Borrower shall pay interest on the Loan at a rate of 2.10 % p. a. ("Fixed Interest Rate") until the last repayment instalment according to the Repayment Schedule as defined in Article 5.1 has been received.
4.2 Calculation of interest and interest payment dates. The interest on a disbursed Loan amount will be charged from the date (exclusively) on which the respective Loan amount is paid out of the Loan account held with KfW for the Borrower until the date (inclusively), on which the respective repayments are credited to KfW's account stated in Article 6.3. Interest will be calculated in accordance with Article 6.1 (Calculation). Interest will be paid in arrears on the Payment Dates (as defined in Article 3.1).
Interest. (a) The Guarantor will pay interest to the Finance Parties on all amounts due from it under this Guarantee from the date the Finance Parties demand payment from the Guarantor until payment of such amounts (both before and after any judgment) at the Default Rate.
(b) Default Rate (if unpaid) arising on an overdue amount will be compounded with the overdue amount at the end of each Interest Period (as such term is defined in the Facility Agreement) applicable to that overdue amount but will remain immediately due and payable.
3. Continuing guarantee
3.1 Continuing guarantee
(a) are a continuing guarantee and will extend to the ultimate balance of the Borrower‘s Obligations regardless of any intermediate payment or discharge in whole or part;
(b) are to be in addition to and are not in any way prejudiced by and shall not merge with any other guarantee or security which the Finance Parties may now or in the future hold.
3.2 Discontinuation of guarantee obligations
Interest. 4.1 Interest Rate
4.1.1 Selection of Interest Rate The Borrower may select a fixed Interest Rate or a floating Interest Rate for the Facility, which shall apply to the amount set out in the Drawdown Request, by stating the selected Interest Rate, i.e., fixed or floating, in the Drawdown Request delivered to the Lender substantially in the form set out in Schedule 5A (Form of Rate Conversion Request), subject to the following conditions:
(a) Floating Interest Rate The Borrower may select a floating Interest Rate, which shall be the percentage rate per annum, being the aggregate of: - six-month EURIBOR, or, as the case may be, the Replacement Benchmark plus any Adjustment Margin, as determined in accordance with the provisions of Clause 5 (Change to the calculation of interest) of the Agreement; and - the Margin. Notwithstanding the above, for each Drawdown, in the case of the first Interest Period, if the first Interest Period is less than one hundred and thirty-five (135) days, the applicable EURIBOR shall be: - one-month EURIBOR, or, as the case may be, the Replacement Benchmark plus any Adjustment Margin, as determined in accordance with the provisions of Clause 5 (Change to the calculation of interest) of the Agreement, if the first Interest Period is less than sixty (60) days; or - three-month EURIBOR, or, as the case may be, the Replacement Benchmark plus any Adjustment Margin, as determined in accordance with the provisions of Clause 5 (Change to the calculation of interest) of the Agreement if the first Interest Period is between sixty (60) days and one hundred and thirty-five (135) days.
(b) Fixed Interest Rate Provided that the amount of a requested Drawdown is equal to or greater than three million Euros (EUR 3,000,000), the Borrower may select a fixed Interest Rate for such requested Drawdown. The fixed Interest Rate shall be the Fixed Reference Rate increased or decreased by any fluctuation of the Index Rate between the Signing Rate Setting Date and the Rate Setting Date for each Drawdown. The Borrower may specify in the Drawdown Request a maximum amount for fixed Interest Rate. If the fixed Interest Rate as calculated on the Rate Setting Date exceeds the maximum amount for fixed Interest Rate specified in the relevant Drawdown Request, such Drawdown Request shall be cancelled and the Drawdown amount specified in the cancelled Drawdown Request shall be credited to the Available Facility.
4.1.2 Minimum Interest Rate The Interest Rate determined ...
Interest. 7.1 The Borrower shall pay to the Lender on each Interest Payment Date interest in USD as calculated by the Lender on the Outstanding Amount at the Interest Rate.
7.2 Subject to the proviso in the definition thereof, each Interest Period will be six (6) months.
7.3 Interest shall accrue from day to day and shall be computed for the actual number of days elapsed and on the basis of a three hundred and sixty (360) days year. Interest shall accrue from, and include, the first day of an Interest Period up to, but excluding, the last day of such Interest Period.
7.4 The Lender shall send to the Borrower, no later than thirty (30) calendar days before each Interest Payment Date, a notice of payment detailing the amounts of Interest to be paid on such Interest Payment Date, provided that its failure to do so shall not excuse the Borrower from its obligation to pay such accrued interest of its due date for payment in accordance with this Loan Agreement.
Interest. 7.1. The Borrower shall pay to the Lender on each Interest Payment Date interest in EUR as calculated by the Lender on the outstanding principal amount of the Loan at the Interest Rate.
7.2. Interest shall accrue from day to day and shall be computed on the basis of a 365-day year and for the actual number of days elapsed. Interest shall accrue from and include the first day of an Interest Period up to, but excluding, the last day of such Interest Period.
7.3. The Lender shall send to the Borrower, no later than thirty (30) calendar days before each Interest Payment Date, a notice of payment detailing the amounts of Interest to be paid on such Interest Payment Date, provided that its failure to do so shall not excuse the Borrower from its obligation to pay such accrued interest of its due date for payment in accordance with this Loan Agreement.