Funding rate Sample Clauses

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.
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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 Payment Date 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 Payment Date; 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 Alternate Rate applicable to each Portion of Capital outstanding as of the first day of the calendar month ending immediately prior to such Payment Date, times (B) the amount of the Portion of Capital to which such CP Rate or Alternate Rate applied on such first day, and (y) the denominator of which is the aggregate outstanding amount of Capital on such first 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, which shall be equal to a fraction (expressed as a percentage), (x) the numerator of which is the sum of any fees, costs and expenses incurred by the Initial Purchaser during the calendar month preceding such Payment Date (and not accounted for in the Discount Rate Percentage), including without limitation reserve costs, tax payments and indemnity obligations of the Initial Purchaser for which the Initial Purchaser is not indemnified pursuant to this Agreement and (y) the denominator of which is the aggregate Outstanding Balance of the Pool Receivables that were purchased from such Originator during the Purchase Period immediately preceding such Payment Date; 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 Initial Purchaser over several Payment Dates at the Servicer's reasonable discretion, subject to the requirement that such allocation be reasonably calculated to allow the Initial Purchaser 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.
Funding rate. Not applicable

Related to Funding rate

  • Base Rate The greater of (a) the fluctuating annual rate of interest announced from time to time by the Agent at the Agent’s Head Office as its “prime rate” or (b) one half of one percent (0.5%) above the Federal Funds Effective Rate. The Base Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Any change in the rate of interest payable hereunder resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate becomes effective, without notice or demand of any kind.

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Determination of Amount Outstanding On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

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