Deferred Consideration Interest Rate definition

Deferred Consideration Interest Rate means, for the period of the first five years commencing on the date of the Completion, 5.184 per cent per annum (being the 5-year RMB loan interest rate announced by the People’s Bank of China in respect of the Interest Determination Date, with a discount of 10%), and for each subsequent five-year period, the 5-year RMB loan interest rate announced by the People’s Bank of China, with a discount of 10%, in respect of the relevant Interest Determination Date.
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Deferred Consideration Interest Rate means, for the period of the first two years commencing on the date of the Completion, 2.595 per cent. per annum (being the two-year US$-ISDA LIBOR Swap Rate in respect of the Interest Determination Date that falls on a day which is two Business Days prior to the date of this Agreement), and for each subsequent two-year period the US$-ISDA LIBOR Swap Rate in respect of the relevant Interest Determination Date. For the avoidance of doubt, if any part of the Deferred Consideration is unpaid after the fourteenth anniversary of the date of the Completion, the Deferred Consideration Interest Rate for such unpaid portion shall be that in respect of the Interest Determination Date that falls on 26 April 2018 (or if that date falls on a non-Business Day, then on the next Business Day) irrespective of the remaining period within which the Deferred Consideration must be paid in full in accordance with clause 2.4;
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Deferred Consideration Interest Rate means the rate of 5.265% per annum, being 10 per cent. discount to the Renminbi lending rate of 5.85% per annum of commercial banks in the PRC in respect of loans with tenure of five years as published by the People’s Bank of China prevailing at 12:00 noon (Beijing time) on 8 September 2005, being two Business Days immediately preceding the date of this Agreement;
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Examples of Deferred Consideration Interest Rate in a sentence

  • Interest under this Clause 2.7 shall accrue daily at the rate of the Deferred Consideration Interest Rate and calculated on the basis of a year of 360 days.

  • Interest shall accrue daily at the Deferred Consideration Interest Rate on the unpaid portion of the Deferred Consideration from the date of Completion until full payment of the Deferred Consideration, and shall be calculated on the basis of a year of 360 days.

Related to Deferred Consideration Interest Rate

  • Deferred Consideration shall have the meaning ascribed to such term in Section 4(d).

  • Deferred payment agreement means an agreement in which no installment payments are required

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant's Separation Date.

  • Accrual Distribution Amount With respect to any Distribution Date on or prior to the Accretion Termination Date, an amount equal to the amount of the Accrued Certificate Interest on the Accrual Certificates that is added to the Certificate Principal Balance thereof on such Distribution Date pursuant to Section 4.02(h).

  • Note Interest Distributable Amount means, with respect to any Payment Date and a Class of Notes, the sum of the Note Monthly Interest Distributable Amount for such Payment Date and the Note Interest Carryover Shortfall for such Class of Notes. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-2, Class A-3 and Class A-4 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months; and interest with respect to the Class A-1 Notes shall be computed on the basis of the actual number of days in each applicable Interest Accrual Period, divided by 360.