Late Rate Sample Clauses

Late Rate the Base Rate plus two percent (2%).
AutoNDA by SimpleDocs
Late Rate. (initial) If renter goes beyond above listed end time , a rate of $200.00_p/h will be charged. All time is rounded to the closes half hour. Late fee will be deducted from DAMAGE/CLEANING deposit.
Late Rate. If Nonaffiliated Partner Trustee, any Beneficiary or a Person designated by any of them elects or is required to redeem, prepay, pay or purchase any Note (in whole or in part) under any provision of this Indenture or any other Basic Document, and such redemption, prepayment or purchase is not consummated on the date originally scheduled therefor (unless, following General Partner's election to remove the Unit or Units from the Lien of the Indenture pursuant to Section 5.16 of the Participation Agreement or to exercise its ET Right pursuant to Section 9.1 of the Partnership Agreement, Nonaffiliated Partner Trustee provides written notice to Indenture Trustee and each Holder no later than eight Business Days before such originally scheduled prepayment date to the effect that such termination or purchase will not occur and accordingly it will not be prepaying the Notes on such date), the Notes shall accrue interest at the Late Rate from such date to the date of payment, payable on demand.
Late Rate. Overdue royalties shall bear interest at three (3) points above Prime Rate or at such lower rate as shall then be the maximum rate permitted by law, calculated for the duration of the delay, on a daily basis, starting from the due date of payment.
Late Rate. 17 2.15 Definition of Premium. . . . . . . . . . . . . . . . . . . . . . . . . 17 2.16
Late Rate. If Nonaffiliated Partner Trustee, any Beneficiary or a Person designated by any of them elects or is required to redeem, prepay, pay or purchase any Note (in whole or in part) under any provision of this Indenture or any other Basic Document, and such redemption, prepayment or purchase is not consummated on the date originally scheduled therefor (unless, following General Partner's election to remove the Unit or Units from the Lien of the Indenture pursuant to Section 5.16 of the Participation Agreement, to exercise its ET Right pursuant to Section 9.1 of the Partnership Agreement, or to exercise its Special P.O. Right pursuant to Section 9.4 of the Partnership Agreement, Nonaffiliated Partner Trustee provides written notice to Indenture Trustee and each Holder no later than eight Business Days before such originally scheduled prepayment date to the effect that such termination or purchase will not occur and accordingly it will not be prepaying the Notes on such date), the Notes shall accrue interest at the Late Rate from such originally scheduled date for prepayment to the date of payment, payable on demand.

Related to Late Rate

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • LIBOR Rate The election of LIBOR Rates shall be subject to the following terms and requirements:

  • Default Interest Rate From and after the occurrence of any Event of Default, and so long as any such Event of Default remains unremedied or uncured thereafter, the Obligations outstanding under the Agreement shall bear interest at a per annum rate of five percent (5%) above the otherwise applicable interest rate hereunder, which interest shall be payable upon demand. In addition to the foregoing, a late payment charge equal to five percent (5%) of each late payment hereunder may be charged on any payment not received by Bank within ten (10) calendar days after the payment due date therefor, but acceptance of payment of any such charge shall not constitute a waiver of any Event of Default under the Agreement. In no event shall the interest payable under this Addendum and the Agreement at any time exceed the maximum rate permitted by law.

  • Base Rate The higher of (a) the annual rate of interest announced from time to time by BKB at its head office in Boston, Massachusetts, as its "base rate" and (b) one-half of one percent (1/2%) above the Federal Funds Effective Rate. For the purposes of this definition, "Federal Funds Effective Rate" shall mean for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three funds brokers of recognized standing selected by the Agent.

  • Overtime Rate In accordance with the applicable wage and hour laws, the overtime rate will be one and one-half (1-1/2) of an employee’s regular rate of pay. The regular rate of pay will not include any allowable exclusions.

  • Wage Rate The hourly rates for full-time junior and adult apprentices as set out in this agreement shall apply to school based apprentices except that the school based apprentice for pay purposes will be paid a further 25% of hours to the actual hours worked for off the job training.

  • Alternate Rate of Interest If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate.

  • LIBOR Borrower may prepay principal on any portion of this Note which bears interest determined in relation to LIBOR at any time and in the minimum amount of One Hundred Thousand Dollars ($100,000.00); provided however, that if the outstanding principal balance of such portion of this Note is less than said amount, the minimum prepayment amount shall be the entire outstanding principal balance thereof. In consideration of Bank providing this prepayment option to Borrower, or if any such portion of this Note shall become due and payable at any time prior to the last day of the Fixed Rate Term applicable thereto by acceleration or otherwise, Borrower shall pay to Bank immediately upon demand a fee which is the sum of the discounted monthly differences for each month from the month of prepayment through the month in which such Fixed Rate Term matures, calculated as follows for each such month:

  • Rate Holders of Designated Preferred Stock shall be entitled to receive, on each share of Designated Preferred Stock if, as and when declared by the Board of Directors or any duly authorized committee of the Board of Directors, but only out of assets legally available therefor, cumulative cash dividends with respect to each Dividend Period (as defined below) at a rate per annum equal to the Applicable Dividend Rate on (i) the Liquidation Amount per share of Designated Preferred Stock and (ii) the amount of accrued and unpaid dividends for any prior Dividend Period on such share of Designated Preferred Stock, if any. Such dividends shall begin to accrue and be cumulative from the Original Issue Date, shall compound on each subsequent Dividend Payment Date (i.e., no dividends shall accrue on other dividends unless and until the first Dividend Payment Date for such other dividends has passed without such other dividends having been paid on such date) and shall be payable quarterly in arrears on each Dividend Payment Date, commencing with the first such Dividend Payment Date to occur at least 20 calendar days after the Original Issue Date. In the event that any Dividend Payment Date would otherwise fall on a day that is not a Business Day, the dividend payment due on that date will be postponed to the next day that is a Business Day and no additional dividends will accrue as a result of that postponement. The period from and including any Dividend Payment Date to, but excluding, the next Dividend Payment Date is a “Dividend Period”, provided that the initial Dividend Period shall be the period from and including the Original Issue Date to, but excluding, the next Dividend Payment Date. Dividends that are payable on Designated Preferred Stock in respect of any Dividend Period shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of dividends payable on Designated Preferred Stock on any date prior to the end of a Dividend Period, and for the initial Dividend Period, shall be computed on the basis of a 360-day year consisting of twelve 30-day months, and actual days elapsed over a 30-day month. Dividends that are payable on Designated Preferred Stock on any Dividend Payment Date will be payable to holders of record of Designated Preferred Stock as they appear on the stock register of the Issuer on the applicable record date, which shall be the 15th calendar day immediately preceding such Dividend Payment Date or such other record date fixed by the Board of Directors or any duly authorized committee of the Board of Directors that is not more than 60 nor less than 10 days prior to such Dividend Payment Date (each, a “Dividend Record Date”). Any such day that is a Dividend Record Date shall be a Dividend Record Date whether or not such day is a Business Day. Holders of Designated Preferred Stock shall not be entitled to any dividends, whether payable in cash, securities or other property, other than dividends (if any) declared and payable on Designated Preferred Stock as specified in this Section 3 (subject to the other provisions of the Certificate of Designations).

Time is Money Join Law Insider Premium to draft better contracts faster.