Compounded Rate Terms definition
Examples of Compounded Rate Terms in a sentence
Additional Business Day means any day specified as such in the applicable Compounded Rate Terms.
If the Borrower does not select an Interest Period in the relevant Drawdown Request, the default Interest Period shall (subject to paragraph (d) below) be four (4) weeks (or, if the Interim Utilisation is in a Compounded Rate Currency, the period specified in respect of that currency in the applicable Compounded Rate Terms) (or, if earlier, a period ending on the Final Repayment Date).
Any rules specified as “Business Day Conventions” in the Compounded Rate Terms shall apply to each Interest Period.