Funding rate. EU grants are normally subject to a single funding rate for the entire action — which is fixed and announced in the call conditions. For some Programmes and types of action (e.g. HE, DEP, EDF, CEF, SMP), there are however several funding rates inside the project. These may depend on: the type of beneficiaries (e.g. SMEs; for-profit or non-profit legal entities, etc) the type of cost categories to be covered the type of activities to be performed. Where funding rates are based on the type of beneficiary, beneficiaries and their affiliated entities will be assessed separately. The funding rate of a beneficiary does NOT condition the funding rate of its affiliated entities.
Funding rate. [OPTION 1 for programmes with single funding rate (per action): The funding rate for costs is […]% of the action’s eligible costs. Contributions are not subject to any funding rate.]
Funding rate. FUNDING RATE" as measured on any Business Day means a per annum percentage rate determined in accordance with the following formula: FR = 0.02% + DRP + SFP + EXP WHERE: FR = the Funding Rate as measured on such Business Day; DRP = the "DISCOUNT RATE PERCENTAGE", which shall be equal to a fraction (expressed as a percentage) (x) the NUMERATOR of which is the SUM of the PRODUCTS obtained by MULTIPLYING (A) each CP Rate or Bank Rate applicable to each Portion of Investment outstanding as of such Business Day, TIMES (B) the amount of the Portion of Investment to which such CP Rate or Bank Rate applied on such day, and (y) the DENOMINATOR of which is the aggregate outstanding amount of Investment on such day; SFP = the "SERVICER'S FEE PERCENTAGE", which shall be equal to the per annum percentage rate contemplated by the definition of Servicing Fee; and EXP = the amount, expressed as a per annum percentage rate, of any fees, costs and expenses incurred by the Company on such Business Day (and not accounted for in the Discount Rate Percentage), including without limitation reserve costs, tax payments and indemnity obligations of the Company for which the Company is not indemnified pursuant to this Agreement; PROVIDED, HOWEVER, that, for purposes of minimizing fluctuations in the rate calculated as the Funding Rate, the Servicer may allocate and spread any unscheduled or unaccruable costs and expenses of the Company over several months at the Servicer's reasonable discretion, subject to the requirement that such allocation be reasonably calculated to allow the Company to recover such costs and expenses over a reasonable period of time.
Funding rate. The funding rate on the Prepayment for each Funding Period is the percentage rate per annum equal to the aggregate of (i) the Interest Rate; and (ii) any Mandatory Cost.
Funding rate. With respect to any Interest Period, the rate per annum determined by the Bank in its sole discretion at the commencement of such Interest Period to be equal to its cost of funds for such Interest Period.
