RMB Benchmark Interest Rate definition

RMB Benchmark Interest Rate means, with respect to any RMB Loan, the annual interest rate for RMB denominated loans with a tenor same as that of such RMB Loan as published by The People’s Bank of China from time to time, provided that:
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Examples of RMB Benchmark Interest Rate in a sentence

  • The unsecured bank loans carried interest at variable market rates at 120% of the RMB Benchmark Interest Rate quoted by the People’s Bank of China and were repayable within one year as at 30 June 2014 (31 December 2013: 120% of the RMB Benchmark Interest Rate quoted by the People’s Bank of China).

  • Following review of existing literature, the author interviewed by telephone or personal meeting dozens of engineers, lawyers, government officials, business executives, and university-affiliated scientists and scholars who have been involved in IVHS research, development, testing, and deployment.

  • The Loan carries interest at 5-year RMB Benchmark Interest Rate quoted by the People’s Bank of China over the outstanding balance of the Loan plus any accrued interest.

  • Approximately HK$38,049,000 (equivalent to RMB30,000,000) is non-interest bearing and approximately HK$20,039,000 (equivalent to RMB15,800,000) is interest bearing with a floating interest rate linked to the RMB Benchmark Interest Rate quoted by the People’s Bank of China.

  • Principal amount of approximately HK$37,947,000 (equivalent to RMB30,000,000) (31 December 2014: approximately HK$37,821,000 (equivalent to RMB30,000,000)) was non-interest bearing and approximately HK$19,985,000 (equivalent to RMB15,800,000) (31 December 2014: approximately HK$19,919,000 (equivalent to RMB15,800,000)) bore interest at a floating interest rate linked to the RMB Benchmark Interest Rate quoted by the People’s Bank of China.

  • As at 31 December 2015, a secured bank loan of RMB100,000,000 (equivalent to approximately HK$119,370,000) (2014: nil) is secured by the Group’s pledged bank deposits with carrying amounts of RMB100,000,000 (equivalent to approximately HK$119,370,000) and the loan carried interest at the RMB Benchmark Interest Rate quoted by the People’s Bank of China (2014: nil) per annum and repayable within one year for the purpose of general working capital.

  • Approximately HK$36,089,000 (equivalent to RMB28,626,000) (2013: approximately HK$38,049,000 (equivalent to RMB30,000,000)) were non-interest bearing and approximately HK$19,919,000 (equivalent to RMB15,800,000) (2013: approximately HK$20,039,000 (equivalent to RMB15,800,000)) bore interest at a floating interest rate linked to the RMB Benchmark Interest Rate quoted by the People’s Bank of China.

  • The loan from CATIC Siwei was unsecured, carried interest at the RMB Benchmark Interest Rate quoted by the People’s Bank of China and due within one year.

  • As at 31 December 2015, the unsecured bank loans carried interest at variable market rates ranged from 110% to 130% of the RMB Benchmark Interest Rate quoted by the People’s Bank of China (2014: variable market rates at 120% of the RMB Benchmark Interest Rate quoted by the People’s Bank of China) and repayable within one year.

  • The unsecured bank borrowings carries interest at fixed rate of 7.2% per annum or variable market rates at 120% of the RMB Benchmark Interest Rate quoted by the People’s Bank of China and repayable within one year.

Related to RMB Benchmark Interest Rate

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Original Benchmark Rate on any day means the 3-months Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on, the Screen Page as of 11:00 a.m. (Brussels time) on such day.

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Capped Interest Rate is defined in the Note, if applicable.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Settlement Interest Rate means, for the first calendar quarter or portion thereof during which interest accrues, the rate determined by the Receiver to be equal to the equivalent coupon issue yield on twenty-six (26)-week United States Treasury Bills in effect as of Bank Closing as published in The Wall Street Journal; provided, that if no such equivalent coupon issue yield is available as of Bank Closing, the equivalent coupon issue yield for such Treasury Bills most recently published in The Wall Street Journal prior to Bank Closing shall be used. Thereafter, the rate shall be adjusted to the rate determined by the Receiver to be equal to the equivalent coupon issue yield on such Treasury Bills in effect as of the first day of each succeeding calendar quarter during which interest accrues as published in The Wall Street Journal.

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Component Interest Rate Not applicable.

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Class E Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its “prime rate.” If a Citibank, N.A. prime rate is not available, the applicable prime rate will be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid.