Termination Interest definition

Termination Interest means, with respect to the Total Purchased Receivables, a rate equal to the product of (a) the sum of (i) LIBOR for five (5) days and (ii) 2.75%, (b) a fraction the numerator of which is the number of days during the period referred to in clause (i) above plus fifteen (15) days, and the denominator of which is 360 and (c) the aggregate Agreed Base Value of the Total Purchased Receivables.
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Termination Interest means, with respect to the Total Purchased Receivables, a rate equal to the product of (a) the sum of (i) the Cost of Funds for five (5) days and (ii) 3.25%, (b) a fraction the numerator of which is the number of days during the period referred to in clause (i) above plus fifteen (15) days, and the denominator of which is 360 and (c) the aggregate Agreed Base Value of the Total Purchased Receivables.
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Termination Interest means, with respect to the Total Purchased Receivables, a rate equal to the product of (a) the sum of (i) LIBOR for five (5) days and
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Examples of Termination Interest in a sentence

  • The County shall provide to the State any documentation requested by the State to substantiate the value of the Real Property Termination Interest or to otherwise affirm the condition of the Real Property Termination Interest.

  • If the Company or Safeway elects to pay the purchase price to the Terminated Party on a date other than the closing date, then on the closing date the Terminated Party will receive a promissory note in a principal amount equal to the unpaid purchase price, which shall accrue interest on the unpaid purchase price at a rate equal to the Termination Interest Rate beginning on the closing date and ending on the day prior to the date of payment of the unpaid amount owed to the Terminated Party.

  • Upon the Termination of Service of a Participant before becoming eligible for a retirement benefit, for reasons other than death or Disability, the Company shall pay to the Participant, a benefit equal to the vested portion of his/her Deferred Benefit Account using the Termination Interest Yield.


More Definitions of Termination Interest

Termination Interest means, with respect to the Total Purchased Receivables, a rate equal to the product of (a) the sum of
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