Deferment Fee means a fee calculated on the amount of an Accepted Tranche deferred or suspended at the rate of higher of:
Deferment Fee means a fee calculated on the amount of an Accepted Tranche deferred or suspended at the rate of higher of: 0.125% (12.5 basis points), per annum; and the percentage rate by which: the interest rate that would have been applicable to such Tranche had it been disbursed to the Borrower on the Scheduled Disbursement Date, exceeds EURIBOR (one month rate) less 0.125% (12.5 basis points), unless such rate is less than zero, in which case it shall be set at zero. Such fee shall accrue from the Scheduled Disbursement Date to the Disbursement Date or, as the case may be, until the date of cancellation of the Accepted Tranche in accordance with this Contract.