Temporary Advancement Period means the period commencing on the date (exclusive) that a Temporary Advancement is made and ending on the date (inclusive) that such Temporary Advancement is cleared, and the “Funding Rate” means the interest rate that the Agent reasonably determines as the interest rate to fund the amount of Temporary Advancement throughout the Temporary Advancement Period. The calculation method for such Temporary Advancement Costs shall be on a per diem basis in accordance with the actual number of days of the Temporary Advancement Period, assuming that there are 365 days per year, wherein divisions shall be done at the end of the calculation, and fractions less than one yen shall be rounded down.
Temporary Advancement Period means the period commencing on the date that a Temporary Advancement is made and ending on the date that such Temporary Advancement is cleared, and the “Funding Rate” means the interest rate that the Agent reasonably determines as the interest rate to fund the amount of Temporary Advancement through the Temporary Advancement Period. The calculation method for such Temporary Advancement Costs shall be on a per diem basis, inclusive of first day and exclusive of last day, assuming that there are 365 days per year, wherein divisions shall be done at the end of the calculation, and fractions less than one yen shall be rounded down.
Temporary Advancement Period means the period commencing on the date that a Temporary Advancement is made by the Agent and ending on the date that the amount pertaining to such Temporary Advancement is received by the Agent from the Lender or the Borrower, and the “Funding Rate” means the interest rate that the Agent reasonably determines as the interest rate to fund the amount of Temporary Advancement through the Temporary Advancement period. The calculation method for such Temporary Advancement Costs shall be on a per diem basis, with inclusive of first day and exclusive of last day, assuming that there are 365 days per year, wherein divisions shall be done at the end of the calculation, and fractions less than one yen shall be rounded down.
More Definitions of Temporary Advancement Period
Temporary Advancement Period means the period commencing on the date on which the Agent makes a Temporary Advancement and ending on the date on which the Agent receives the amount relating to such Temporary Advancement from the relevant Lender or the Borrower or any Guarantor, and the “Funding Rate” means the interest rate reasonably determined by the Agent as the interest rate to fund the amount of the Temporary Advancement through the Temporary Advancement Period. Such Temporary Advancement Costs shall be calculated on a day-to-day basis, inclusive of the first day and exclusive of the last day, and on the basis of a year of 365 days, wherein divisions shall be done at the end of the calculation, and fractions less than one yen (JPY 1) shall be rounded down.