Examples of CIRR in a sentence

Export credit facilities consistent with the provisions of the (revised) Understanding on Export Credits for Ships [i.e. interest at CIRR; 12 year duration of credit; 20 per cent downpayment].
The participants are also examining the operations of the ‘market windows’; the working of the CIRR regime, which is being considered against the background of market developments and ECA practices; and, in conjunction with the DAC, the further untying of aid which some con- sider desirable since such aid is less likely to be trade-distortive.
DDR – Differentiated Discount Rate is a discount rate based on the Commercial Interest Reference Rate (CIRR) and used to determine the concessionality level of a loan.
None of the Obligors shall create or permit to subsist any Security Interest, except for Permitted Encumbrances and the Security Interest under the Security Documents, over any of the assets secured by the Security Documents nor upon any of the Rig Owners present or future undertakings, property, assets, rights or revenues (not secured by the Security Documents) except of the cash collateral deposit provided under the CIRR Facility.

More Definitions of CIRR

CIRR. (Commercial Interest Reference Rate) means four point eight nine per cent. (4.89%) per annum being the fixed rate in force for medium and long term export credits in euro according to the Organisation for Economic Co-operation and Development rules as determined by the competent French Authorities.

CIRR means the applicable Commercial Interest Reference Rate for a financing denominated in Dollars as set out in the IMUA and established and calculated according to the provisions of the OECD Arrangement on Officially Supported Export Credits, to be notified by SIMEST to the Agent (through the ECA Agent) and being [*] per cent. ([*]%) per annum for the purpose of the Facility.

CIRR means 2.71% per annum being the Commercial Interest Reference Rate determined in accordance with the OECD Arrangement for Officially Supported Export Credits to be applicable to the Loan hereunder (and includes the CIRR administrative margin of 0.39% per annum).

CIRR means the “Commercial Interest Reference Rate” for US dollars, being 5.69 per cent, per annum.

CIRR means the rate per annum advised by the Lender to the Borrower to be the USD Commercial Interest Reference Rate as published on or about the fifteenth day of every month by the Danish Agency for the Development of Trade and Industry (“Erhvervsfremme Styrelsen”) for the relevant maturity.

CIRR means the Commercial Interest Reference Rate to be notified by ICO pursuant to the XXXX on or prior to the first Utilisation Date.