Interest-definition

Interest means the interest on the Notes calculated in accordance with Clause 6.10.

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Examples of Interest in a sentence

• Ferratum shall be entitled to charge Default Interest on the Credit amount due up until the date of effective repayment.

• Interest arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

• Nordea är utsatt för strukturell ränterisk: (En: Structural Interest Income Risk) (”SIIR”) när det finns en diskrepans mellan räntebindningsperioderna, volymerna eller referensräntorna på dess tillgångar, skulder och derivat.

• Interest is charged after the invoice maturity date with the reference rate of the Swedish Riksbank and an additional 8 percentage points per month, in accordance with article 6 of the Swedish Interest Act (SFS 1975:635).

• Interest shall be deemed to arise in a Con- tracting State when the payer is a resident of that State.

• No default interest shall accrue where the failure to pay was solely attributable to the Agent or the CSD, in which case the Interest Rate shall apply instead.

• Unless redeemed earlier in accordance with this Clause 6.11 and the Intercreditor Agreement, the Issuer shall redeem all, but not some only, of the outstanding Notes in full on the Final Maturity Date with an amount per Note equal to the Nominal Amount together with accrued but unpaid Interest.

• Interest shall be calculated on the basis of the actual number of days in the Interest Period in respect of which payment is being made divided by 360 (actual/360-days basis) If the Issuer fails to pay any amount payable by it under the Finance Documents on its due date, default interest shall accrue on the overdue amount from (but excluding) the due date up to (and including) the date of actual payment at a rate which is one (1) per cent.

• Any Subsequent Note will carry Interest at the Interest Rate applied to the Nominal Amount from (and including) the Interest Payment Date falling immediately prior to its issuance (or the Issue Date if there is no such Interest Payment Date) up to (but excluding) the relevant Redemption Date.

• Payment of Interest in respect of the Notes shall be made to the Noteholders on each Interest Payment Date for the preceding Interest Period.