Interest Calculation Method definition

Interest Calculation Method means the calculation method of determining the interest due under the terms of this Note, and as described in Section 1 below.
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Interest Calculation Method. The interest shall accrue on the amount of the Entrusted Loan actually drawn by the Borrower from the first Drawdown Date to the date the interest is finally determined. For purpose of determining the interest hereunder, one year shall be 360 days.
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Interest Calculation Method. : “Interest Rate” means the annual interest rate of ___%
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Examples of Interest Calculation Method in a sentence

  • However, an amount can be entered here for interest only if the Interest Calculation Method has been defined as Special.

  • Interest accrued shall be calculated pursuant to the Interest Calculation Method.

  • A Debt Class is a grouping of debts which have similar behavior in terms of Interest Calculation Method, Day Count Method, GAAP or Cash Redemption and other attributes.

  • The Securities shall bear interest from the Interest Commencement Date specified in the Product Conditions (inclusive) at the Interest Rate specified in the Product Conditions based on the nominal amount for each Security and each Interest Period (as defined below) using the Interest Calculation Method (as defined in paragraph (5) in connection with the relevant Product Conditions).

  • Both are designations conferred by someone else who rewards an action.

  • If the Product Conditions specify Interest Type – Variable Interest, the following provisions shall apply:(a) The Securities shall bear interest from the Interest Commencement Date specified in the Product Conditions (inclusive) at the Variable Interest Rate (as defined below) based on the nominal amount for each Security and each Interest Period (as defined below) using the Interest Calculation Method (as defined in paragraph (5) in connection with the relevant Product Conditions).

  • Simple Interest Calculation Method (referred as Simple Interest (SI)) 5.

  • Interest under this Project Note will be computed, payable and allocated using the Interest Calculation Method specified in Section 1.

  • Login to the present in the AGM through VC/OAVM facility and have e-voting website will be disabled upon five unsuccessful not casted their vote on the Resolutions through remote attempts to key in the correct password.

  • Profit Dis- tributions accrued for less than one year (other than for the First Profit Period) shall be calculated on the basis of the Interest Calculation Method.


More Definitions of Interest Calculation Method

Interest Calculation Method. “Fixed Interest Rate” means the annual interest rate of ___% ☐ 30/360 ☐ Actual/360
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Interest Calculation Method. A The basis on which interest is calculated. See Enumerations worksheet.
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Interest Calculation Method. Interest on this Note shall be calculated on the basis of a 360‑day year and charged for the actual number of days elapsed in an interest period; that is, by applying the ratio of the interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding during the Interest Period. All interest payable under this Note is computed using this method.
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Related to Interest Calculation Method

  • Balance Computation Method We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Compounding and Crediting: Interest is compounded daily and calculated on a 365/366 day basis. Interest is credited on a monthly basis.

  • Interest Calculation Date if applicable, shall have the meaning set forth in the Series Term Sheet.

  • Interest Calculation Period means the interest calculation period set out or referred to in item 5(d) of the Mortgage Form;

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Simple Interest Method means the method of allocating a fixed level payment to principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the fixed rate of interest multiplied by the unpaid principal balance multiplied by the period of time elapsed since the preceding payment of interest was made and the remainder of such payment is allocable to principal.

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and New York City;

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.

  • Redemption Calculation Date means the sixth Payment Business Day prior to the date on which the Notes are redeemed as a result of any event specified in this § 5(3).(b) Notice of redemption shall be given by the Issuer to the Holders in accordance with § 14 and shall be delivered to the Fiscal Agent not less than 15 days before and shall at least specify:

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events:

  • The calculation date means the first date on which the purchasers of ordinary shares of the Company shall not be granted the rights to receive the dividend payment (the first date that the SET posts XD sign).

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • RMB Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and in New York City.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • RMB Rate Calculation Agent means the agent appointed from time to time by the Issuer for the determination of the RMB Spot Rate or identified as such in the relevant Final Terms.

  • Computation Date is defined in Section 2.04.