Actual/360 Basis definition

Actual/360 Basis means on the basis of a 360-day year and charged on the basis of actual days elapsed for any whole or partial month in which interest is being calculated.
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Actual/360 Basis means that the annualized distribution rate, interest rate or dividend rate, as the case may be, accrues or is calculated from and including the prior payment date (or December 10, 2004, in the case of the first payment date) to but excluding the current payment date, and is computed on the basis of actual days elapsed and a 360-day year.
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Actual/360 Basis means, for purposes of calculating the rate of Distributions, such rate calculated on the basis of a 360- day year and the number of days actually elapsed.
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Examples of Actual/360 Basis in a sentence

  • The policies and procedures we implemented are consistent with the rules and guidelines recommended by the Centers for Disease Control and Prevention, Commonwealth of Massachusetts and the City of Cambridge.

  • Risikomanagementgebühr bezeichnet die für das Risikomanagement berechnete Gebühr in Prozent, für das jeweilige Wertpapier in der Tabelle unten festgelegt, vom Fixierungstag bis zum Ausübungstag täglich anfallend und auf einer Actual/360 Basis berechnet.

  • However this will need to be coordinated as part of the phasing schedule.

  • The Interest Rate on the JW Marriott Las Vegas Resort & Spa Whole Loan is calculated on an Actual/360 Basis and is equal to one month LIBOR plus 0.75%.

  • All computations of fees shall be made on an Actual/360 Basis (which results in more fees being paid than if computed on a 30/360 Basis).

  • Interest on the outstanding principal balance of the Loan shallaccrue at the Applicable Interest Rate calculated on an Actual/360 Basis.

  • All other computations of interest shall be made on an Actual/360 Basis (which results in more interest being paid than if computed on a 30/360 Basis).

  • OR FOR A FLOATING RATE LOAN (1) Floating Rate.The Loan bears interest at a floating rate based on either LIBOR or the Secured Overnight Financing Rate (SOFR), resets on a monthly basis, and accrues interest on an Actual/360 Basis.

  • It opened in 2016 and connects the city centre south of the station to the waterfront of the IJ river and ferry stops on the north side of the station.

  • Interest on the outstanding principal balance of the Loan shall accrue at the Applicable Interest Rate calculated on an Actual/360 Basis.


More Definitions of Actual/360 Basis

Actual/360 Basis means the actual number of days in the Distribution Period divided by 360;
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Actual/360 Basis means the accrual of interest calculated on the basis of the actual number of days elapsed during any Security Interest Accrual Period in a year assumed to consist of 360 days.
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Actual/360 Basis means the calculation of interest on the basis of the actual number of days elapsed and a 360 day year.
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Actual/360 Basis means the accrual of interest calculated on the basis of the actual number of days elapsed during the relevant period in a year consisting of 360 days.
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Actual/360 Basis means, when used with respect to any interest, fee or rate of return calculation, that such interest, fee or rate of return shall be calculated on the basis of a 360-day year and the actual number of days elapsed.
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Related to Actual/360 Basis

  • Actual/360 Basis The accrual of interest on the basis of the actual number of days elapsed during any relevant accrual period in a year assumed to consist of 360 days.

  • 30/360 Basis The accrual of interest calculated on the basis of a 360-day year consisting of twelve 30-day months.

  • Actual/360 means the actual number of days in the relevant period divided by 360;

  • Simple Interest Method means the method of allocating a fixed level payment to principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the fixed rate of interest multiplied by the unpaid principal balance multiplied by the period of time elapsed since the preceding payment of interest was made and the remainder of such payment is allocable to principal.

  • Simple interest means interest computed on the principal balance outstanding

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Revised Rate With respect to any ARD Mortgage Loan, the increased interest rate after the Anticipated Repayment Date (in the absence of a default) for such ARD Mortgage Loan, as calculated and as set forth in the related Loan Agreement.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Simple Interest Receivable means any Receivable under which the portion of a payment allocable to interest and the portion allocable to principal is determined in accordance with the Simple Interest Method.

  • Prescribed Rate means the rate of 4% above The Royal Bank of Scotland plc base rate from time to time in force.

  • Interest Only Loan means a Mortgage Loan which only requires payments of interest for a period of time specified in the related Mortgage Note.

  • Interest Differential is defined in Section 3.4.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • Accrual Period With respect to each Payment Date, the period beginning on and including the prior Payment Date (or, in the case of the first Payment Date, the Closing Date) and ending on and including the day preceding such Payment Date.

  • LIBOR-Based Rate means, with respect to each Interest Period, the per annum interest rate equal to the London Interbank Offered Rate which appears on Telerate Page 3750 at approximately 11:00 a.m. (London time) two LIBOR Business Days prior to the first day of such Interest Period for deposits of United States dollars for a period of time comparable to the Interest Period, and in an amount comparable to the principal amount of the Loan, plus 0.35%.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.