External Benchmark Rate definition

External Benchmark Rate means the percentage rate per annum decided by the Bank and announced / notified by the Bank from time to time as its External Benchmark Based Lending Rate in accordance with the guidelines of RBI.
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External Benchmark Rate means Reserve Bank of India Policy Repo rate
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External Benchmark Rate in relation to Interest Rate shall mean the market determined reference rate used by the Lender in conformity with the guidelines of RBI to determine the intere st rates on loans, which is subject to review by the Lender periodically "Interest Rate" means the rate at which the Bank shall compute and apply interest on the Personal Loan, as stated in the Schedule or as may be amended from time to time by the Bank. Interest rate shall include the ”External Benchmark Rate” and the various components of spread internally computed by the Bank. Interest rate will be charged on a FIXED basis during the entire tenor of the loan “Loan Account” means the account maintained by the Borrower with the Bank which records the balance amount owed by the Borrower with reference to the Personal Loan. "Parties" means the Bank and the Borrower referred to collectively. "Personal Loan" or “Loan” or “Facility” means the loans granted by the Bank in terms of this Agreement, up to t he limit specified under the Schedule. The expression shall also mean to include the principal amount of Loan and all dues outstanding there under if the context so requires. "Savings Account/s" means the Savings Bank Account(s) of the Borrower, maintained with the Bank. "Schedu le" means the schedules of this Agreement. “Website” shall mean any of the Bank’s website available under URL: ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇, and shall include mobile phone based application(s) that may be provided by the Bank from time to time. In this Agreement, singular shall inclu de plural and the masculine gender the feminine or neutral gender. Any expression not defined herein shall, if defined under General Clauses Act, 1897 shall carry the same meaning as assigned to it under the said Act. The arrangement of clauses in this Agreement shall have no bearing on their interpretation.
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Examples of External Benchmark Rate in a sentence

  • Interest type (fixed or floating) (a) Interest chargeable (In case of Floating Rate Loans) External Benchmark Rate % + Spread % = % p.a.

Related to External Benchmark Rate

  • Original Benchmark Rate on any day means (subject to § 3(4)) the [1 / 3 / 6 / 12]-month Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on the Screen Page as of, 11:00 a.m. (Brussels time) on such day.

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • 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.

  • External floating roof means a storage vessel cover in an open tank top consisting of a double deck or pontoon single deck which rests upon and is supported by the petroleum liquid being contained and is equipped with a closure seal or seals to close the space between the roof edge and tank shell.

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;