VSFR definition

VSFR means a variable-spread floating interest rate, that is to say a general interest rate determined by THE BANK for each VSFR Reference Period in accordance with the applicable principles from time to time laid down by the governing bodies of THE BANK for loans made at a floating rate of interest, not defined by reference to the Relevant Interbank Rate.
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Examples of VSFR in a sentence

  • Interest shall be calculated in respect of each VSFR Reference Period on the basis of Article 5.02(ii).

  • If the Bank does so indicate, the Borrower may in the Acceptance Notice, instead of providing the elements specified in Paragraph B, request the conversion, into a VSFR Tranche or an FSFR Tranche, of any specified amount of the Tranche such that, immediately after the Conversion, and unless the Bank otherwise agrees, the converted amount and any unconverted amount shall each be at least € 10 million or equivalent.

  • The Bank shall notify VSFR to the Borrower within 10 days following the commencement of each VSFR Reference Period to which it applies.

  • Prior to the Interest Conversion Date, the provisions of the Contract relating to VSFR Tranches shall apply to the entire Tranche.

  • The Recitals and following Schedules form part of this Contract: Schedule A Technical Description and Information Duties Schedule B Definitions of PRIBOR, EURIBOR and LIBOR Schedule C.1 Form of Disbursement Request (Article 1.02B) Schedule C.2 Form of Certificate from Borrower (Article 1.04) Schedule D Revisable-Rate Tranches Schedule E Conversion of Tranche from VSFR to Fixed, Revisable or FSFR Schedule F Conversion of Tranche from FSFR to Fixed, Revisable or VSFR.

  • The Borrower shall pay interest on the outstanding balance of each VSFR Tranche at VSFR (as defined below), quarterly, semi-annually or annually in arrears on the relevant Payment Dates, as specified in the Disbursement Notice, subject to a ceiling of the Relevant Interbank Rate plus 13 basis points (0.13%).

  • The Bank shall disburse each requested Tranche in CZK, EUR or any other currency that is widely traded on the principal foreign exchange markets and which, in the case of an FSFR Tranche, is a currency that is available to the Bank at variable rates of interest; in the case of a VSFR Trnache this being subject to the fact that the Bank shall solely disburse a VSFR Tranche in CZK.

  • THE BANK shall notify VSFR or other applicable rate to THE BORROWERS or to the relevant BORROWER (as the case may be) within ten days following the commencement of the VSFR Reference Period to which it applies.

  • In the Revision Notice, the Bank may indicate that, on the relevant Revision Date, the Revisable- Rate Tranche may be converted into a VSFR Tranche (if the Tranche is denominated in CZK) or an FSFR Tranche for its remaining term.

  • From the Interest Conversion Date, the provisions relating to Fixed-Rate Tranches, VSFR Tranches or, as the case may be, to Revisable-Rate Tranches shall apply to the Tranche and, in particular, to any prepayment that occurs after the Borrower has duly accepted a Conversion Proposal.