T4M definition

T4M shall refer to the Monthly Average Money Market Rate. It corresponds to the arithmetic mean of EONIA (“ Euro Overnight Index Average ”), calculated over the precise number of days of the month and on the basis of a three-hundred-sixty (360) day year. This rate is rounded to two decimal places.
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Examples of T4M in a sentence

  • Notwithstanding the foregoing, it is hereby agreed that (i) the applicable measurement period for the month ending June 30, 2016 shall be from April 1, 2015 to June 30, 2016 (trailing three Months or T3M), (ii) the applicable measurement period for the month ending July 31, 2016 will be T4M, (iii) the applicable measurement period for the month ending August 31, 2016 will be T5M, and (iv) the applicable measurement periods shall so continue until T12M is achieved.

  • It is expressly agreed between the parties that each rent deadline (including expenses and extras) paid more than fifteen days late will have a surcharge including interest, calculated at the T4M rate increased by 2% (money market average monthly rate), without losing the LESSOR's right to use the avoidance clause (art.

  • Any portion that is wrongly claimed shall automatically produce interest at the average rate of the monetary market (T4M -- Eonia) in effect on the due date of the sums involved resulting from the application of paragraph 1.4.3, between the date it is due and the date of its effective payment, without any prior formal notification.

  • Borrowers shall maintain at all times Liquidity of not less than T4M EBITDA.

  • Notwithstanding the foregoing, it is hereby agreed that (i) the applicable measurement period for the month ending September 30, 2015 shall be from July 1, 2015 to September 30, 2015 (trailing three Months or T3M), (ii) the applicable measurement period for the month ending October 31, 2015 will be T4M, (iii) the applicable measurement period for the month ending November 30, 2015 will be T5M, and (iv) the applicable measurement periods shall so continue until T12M is achieved.

  • In case of non-payment 15 days after the due date, and if a second request is not successful, the Lessor has the right to demand a 10% surcharge on the sums due, to which will be added the contractual interest calculated at the monthly rate of the money market plus 3 points (T4M + 3), with all months which have been started being included.

  • In the event of non-payment of any amount owing by the lessee under this lease, the Lessee shall automatically be liable to the Landlord for a flat-rate supplement of 10% of the sums due, increased by one Interest calculated at the monthly money market rate of 3 points (T4M + 3), any month begun being due.

Related to T4M

  • MT means metric tons.

  • CPD means verifiable continuing professional development, as described in the General Dental Council's publication of April 2000, "Lifelong Learning – Taking Dentistry Forward", and may include attendance at approved postgraduate education courses but does not include any quality improvement activities within the meaning of paragraph 40 of Schedule 1 to the National Health Service (General Dental Services) (Scotland) Regulations 2010 in respect of which he is claiming an allowance in accordance with Determination XI of this Statement;

  • kW means kilowatt.

  • ECFMG means the Educational Commission for Foreign Medical Graduates, an organization that assesses the readiness of international medical school graduates to enter ACGME-approved residency programs in the United States of America.

  • kWp means kilo-Watt Peak;