Interest Element definition

Interest Element shall bear the meaning given to such term in clause 8.1;
Sample 1
Interest Element has the meaning given to “Interest Element” in the Charter.
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Interest Element means an amount equal to interest on US$173,326,846 calculated from (and including) the Accounts Date to (but excluding) the actual date of Completion at the Interest Rate accruing on a daily basis, and compounded monthly;
Sample 1

Examples of Interest Element in a sentence

  • Paragraph 2.1 ( Calculation of interest –Term SOFR Interest Element) below shall apply to calculate it.

  • Unavailability of Term SOFRIf no Term SOFR is available for the Rent Period of a Term SOFR Interest Element, Paragraph 3.3 ( Cost of funds) below shall apply to calculate that Term SOFR Interest Element for that Rent Period.

  • Market disruptionIn the case of a Term SOFR Interest Element, if, before close of business in Beijing on the Term SOFR Quotation Day, the Owner determines that its cost of funds would be in excess of the Reference Rate then Paragraph 3.3 ( Cost of funds) below shall apply to calculate that Term SOFR Interest Element for the relevant Rent Period.

  • In the case of a Term SOFR Interest Element, if, before close of business in Beijing on the Term SOFR Quotation Day, the Owner determines that its cost of funds would be in excess of the Reference Rate then Paragraph 3.3 (Cost of funds) below shall apply to calculate that Term SOFR Interest Element for the relevant Rent Period.

Related to Interest Element

  • Interest Election Request means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.05.

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Cost of Funds Rate means, for any Accrual Period and any Lender, the rate determined as set forth below:

  • ABR Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.