Compounded Rate Loan means the Loan or, if applicable, Unpaid Sum if it is or has become a “Compounded Rate Loan” and which accrues interest at the rate based on the Compounded Reference Rate (as further set out in Clause 8B (Interest – Compounded Rate Loan)) as a consequence of being, or becoming a “Compounded Rate Loan” pursuant to Clause 8A (Rate Switch).
Compounded Rate Loan means any Loan or, if applicable, Unpaid Sum in GBP or any other Compounded Rate Currency which is, or becomes a “Compounded Rate Loan” pursuant to Clause 14 (Interest) or Clause 16.1A (Unavailability of Term SOFR).
Examples of Compounded Rate Loan in a sentence
If any day during an Interest Period for a Compounded Rate Loan is not an RFR Banking Day, the rate of interest on that Compounded Rate Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
However, care must be taken to ensure that the zone still retains a level of ecological integrity consistent with a protected area.
The Rate Switch Agreements and Multicurrency Compounded Rate/Term Rate Facilities Agreements also contemplate, for example, Majority Lender approval for aligning the calculation of interest on a 'Compounded Rate Loan' to recommendations of a relevant nominating body.
A systematic review on socioeconomic differences in the association between the food environment and dietary behaviors.
In relation to interest applying to a Compounded Rate Loan, such interest is calculated on the basis that the amounts are accrued for a relevant period up to the date of calculation.
More Definitions of Compounded Rate Loan
Compounded Rate Loan means any loan, the loan, part of the loan or, if applicable, Unpaid Sum which is, or becomes, a “Compounded Rate Loan” pursuant to Paragraph 1 (Rate Switch) of Part A (Risk-Free Rate Operative Provisions) of this Schedule.
Compounded Rate Loan means any Loan or, if applicable, Unpaid Sum which is not a Term Rate Loan. "Compounded Reference Rate" means in relation to any RFR Banking Day during an Interest Period of a Compounded Rate Loan, the percentage rate per annum which is the aggregate of: (a)
Compounded Rate Loan means the Loan, any part of the Loan or, if applicable, Unpaid Sum which is, or becomes, a "Compounded Rate Loan" pursuant to Clause 11.1 (Unavailability of Term SOFR).
Compounded Rate Loan means a Facility A Loan and a Revolving USD Facility Loan;
Compounded Rate Loan means any Loan or, if applicable, Unpaid Sum for which the applicable interest rate is determinedunder the Facility Letter with reference to the Compounded Reference Rate.
Compounded Rate Loan means any Loan or, if applicable, Unpaid Sum which is not a Term Rate Loan. "Compounded Reference Rate" means, in relation to any RFR Banking Day during the Interest Period of a Compounded Rate Loan, the percentage rate per annum which is the aggregate of: (a) the Daily Non-Cumulative Compounded RFR Rate for that RFR Banking Day; and (b) the applicable Credit Adjustment Spread (if any). "Compounding Methodology Supplement" means, in relation to the Daily Non-Cumulative Compounded RFR Rate or the Cumulative Compounded RFR Rate, a document which: (a) is agreed in writing by the Company, the Agent (in its own capacity) and the Agent (acting on the instructions of the Majority Lenders); (b) specifies a calculation methodology for that rate; and (c) has been made available to the Company and each Finance Party. "Confidential Information" means all information relating to the Company, any Obligor, the Group, the Finance Documents or the Facility of which a Finance Party becomes aware in its capacity as, or for the purpose of becoming, a Finance Party or which is received by a Finance Party in relation to, or for the purpose of becoming a Finance Party under, the Finance Documents or the Facility from either: (a) any member of the Group or any of its advisers; or (b) another Finance Party, if the information was obtained by that Finance Party directly or indirectly from any member of the Group or any of its advisers, in whatever form, and includes information given orally and any document, electronic file or any other way of representing or recording information which contains or is derived or copied from such information but excludes: (c) information that: (i) is or becomes public information other than as a direct or indirect result of any breach by that Finance Party of Clause 43 (Confidential Information); or (ii) is identified in writing at the time of delivery as non-confidential by any member of the Group or any of its advisers; or (iii) is known by that Finance Party before the date the information is disclosed to it in accordance with paragraphs (a) or (b) above or is lawfully obtained by that Finance Party after that date, from a source which is, as far as that Finance Party is aware, unconnected with the Group and which, in either case, as far as that Finance Party is aware, has not been obtained in breach of, and is not otherwise subject to, any obligation of confidentiality; and