Compounded Rate definition

Compounded Rate means, if an Overnight Rate and a Compounding Method is specified in the relevant Issue Terms, a rate determined in respect of the relevant Reset Date according to the applicable Compounding Method.
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Examples of Compounded Rate in a sentence

  • If any day during an Interest Period for a Compounded Rate Loan is not an RFR Banking Day, the rate of interest on that Compounded Rate Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.

  • The percentage rate per annum which is the Cumulative Compounded RFR Rate for the Interest Period of the relevant Compounded Rate Loan.

  • The Interest Period for the Loan (where it is a Compounded Rate Loan) shall be 3 Months.

  • This paragraph (b) shall not apply to any Compounded Rate Interest Payment determined pursuant to Clause 12.5 (Cost of funds).

  • Any rules specified as “Business Day Conventions” in the Reference Rate Terms for a Compounded Rate Loan or Unpaid Sum shall apply to each Interest Period for that Compounded Rate Loan or Unpaid Sum.

  • Deadline for Lender to report their cost of funds in accordance with Clause 8D.3 (Cost of funds) Close of business on the date falling three (3) Business Days after the Reporting Day for a Compounded Rate Loan (or, if earlier, on the date falling two (2) Business Days before the date on which interest is due to be paid in respect of the Interest Period for that Compounded Rate Loan).

  • The rate switch and new interest rate provisions will be incorporated in the Agreement as new Clauses 8A (Rate Switch), 8B (Interest – Compounded Rate Loan), 8C (Interest Periods – Compounded Rate Loan) and 8D (Changes to the calculation of interest – Compounded Rate Loan) as set out in section 3 (New interest provisions) below.

  • The Lender shall promptly notify the Borrower of the determination of a rate of interest relating to a Compounded Rate Loan to which Clause 8D.3 (Cost of funds) applies.

  • The Borrower shall pay accrued interest on the Compounded Rate Loan on the last day of each Interest Period relating thereto.

  • Accordingly, on and from the Rate Switch Date, the Loan will switch from a USD-LIBOR Loan to a Compounded Rate Loan and interest will be calculated by reference to the Compounded Reference Rate as further set out in section 3 (New interest provisions) below.

Related to Compounded Rate

  • Compounded Reference Rate means, in relation to any RFR Banking Day during the Interest Period of a Compounded Rate Loan, the percentage rate per annum which is the Daily Non-Cumulative Compounded RFR Rate for that RFR Banking Day.

  • Compounded Daily ▇▇▇▇▇ means the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Interest Determination Agent as at the Interest Determination Date, as follows, and the resulting percentage will be rounded if necessary to the fourth decimal place, with 0.00005 being rounded upwards: where:

  • Cumulative Compounded RFR Rate means, in relation to a Loan (or any part of it) accruing interest at the Compounded Reference Rate, the percentage rate per annum determined by the Facility Agent in accordance with the methodology set out in Schedule 15C (Cumulative Compounded RFR Rate) or in any relevant Compounding Methodology Supplement.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • Daily Non-Cumulative Compounded RFR Rate means, in relation to any U.S. Government Securities Business Day during a Floating Rate Interest Period for a Loan (or any part of it), the percentage rate per annum determined by the Facility Agent in accordance with the methodology set out in Schedule 15B (Daily Non-Cumulative Compounded RFR Rate) or in any relevant Compounding Methodology Supplement.