BADCOR definition

BADCOR means the BADLAR rate, adjusted as follows: BADCOR= [BADLAR-(%EM*BCRA Rate)+SEDESA] + (%EM*BCRA Rate*IIBB) [(1-EM)*(1-IIBB)] Where:
Sample 1

Examples of BADCOR in a sentence

  • The main terms and conditions are described as the following:  Interest Rate: 33% fixed rate for the first 12 months and the remaining period at variable rate of BADCOR plus 575 basis, payable on a quarterly basis; and  Amortization: 10 quarterly and consecutive installments, being the first installment due 9 months after the date of disbursement.

  • Up and until the third year, the loan accrued a fixed annual nominal interest rate and since then it has been accruing a variable nominal rate based on the corrected private BADLAR rate locally known as BADCOR.

  • On February, 28, 2013, CTG refinanced, through a syndicated loan, the outstanding credit lines for AR$79 million, for a one-year term, payable in two installments:  Installment A, for AR$61.3 million, with a variable BADCOR rate plus a margin of 375 basis points; and  Installment B, for AR$17.4 million, with a fixed interest rate of 22.25%.

  • On December 20, 2013, under the terms of a syndicated loan, CTG refinanced the outstanding credit lines for AR$79 million, which main conditions were: • Applicable rates for tranche A of AR$61.3 million at BADCOR plus a margin of 500 basis points, and for tranche B of AR$17.4 million, at fixed interest rate of 29%; • The syndicated loan shall be amortized in ten consecutive and quarterly payments, the first beginning six months as from the amendment date.

  • The Borrower shall pay interest on the unpaid principal amount of the Advances owing to the Lenders from the date of disbursement of each Advance until such principal amount shall be paid in full, at a rate per annum equal at all times (i) to 23.5% per annum, during each Interest Period until August 31, 2013; (ii) since August 31, 2013, to the sum of (x) the BADCOR for such Interest Period plus (y) an applicable margin of 3.25% per annum.

  • The main terms and conditions are described as the following:· Interest Rate: 33% fixed rate for the first 12 months and the remaining period at variable rate of BADCOR plus 575 basis, payable on a quarterly basis; and· Amortization: 10 quarterly and consecutive installments, being the first installment due 9 months after the date of disbursement.

  • The failure by the Agent to communicate to the Borrower the BADCOR for any Interest Period shall not release the Borrower from complying with any of its obligations assumed hereunder, including due payment of Amortization and Interest.

  • The BADCOR for any Interest Period shall be calculated by the Agent on the first day of such Interest Period, taking into account the average BADLAR during the previous five days on which a publication of the BADLAR was available and shall be communicated in writing to the Borrower and the Controlling Shareholders within three (3) Business Days from calculation.

  • Said loan accrues interest at an average annual rate equivalent to BADCOR plus 3% on the outstanding amount of the loan, payable on a quarterly basis.

Related to BADCOR

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