Prescribed Rate the rate of interest prescribed from time to time pursuant to The Late Payment of Commercial Debts (Interest) Act 1998; Quarter Day:
Prescribed Rate. The Borrower shall pay to the Bank interest at the rate of the foreign currency funding rate plus____ per centum per annum (% p.a.) and such rate shall be subject to revision at the absolute discretion of the Bank from time to time with or without notice to the Borrower.
Prescribed Rate. The Borrower shall be charged upfront a discount rate of BLR plus_____ per centum per annum ( % p.a.) and such rate shall be subject to revision at the absolute discretion of the Bank from time to time without notice to the Borrower.
Prescribed Rate. Until Rig No. 489 is delivered to and arrives in Australia he rate of interest payable on the Advance for each interest period on 1, 3 or 6 months option shall be one per cent (1%) per annum above USD Sibor. Thereafter the rate of interest payable for each interest period on 1, 3 or 6 months option shall be one per cent (1%) above USD Sibor divided by 0.90.
Prescribed Rate. The "Prescribed Rate" shall be, for each full or partial calendar year during which interest shall accrue hereunder, the rate per annum equal to the rate of interest announced by Bank of New England N.A. as its base rate (the "Base Rate") as in effect on January 1 of such calendar year (in the case of the 1990 calendar year, as in effect on August 8, 1990). Notwithstanding the previous sentence, if Bank of New England N.A. shall announce, at any time during any such calendar year, a Base Rate that is more than 2% higher or lower than the Base Rate in effect on January 1 of such year (or August 8, for 1990), the Prescribed Rate shall be, for the remainder of such calendar year, the Base Rate as announced from time to time during the remainder of such calendar year.
Prescribed Rate. The Borrower shall pay to the Bank interest at the rate of per centum per annum ( % p.a.) over and above the BLR for bills denominated in RM and for bills denominated in other currencies the Borrower shall pay to the Bank interest at the rate prevailing at the centre THE SCHEDULED REFERRED TO HEREIN SCHEDULE 2 native to the respective currency (as advised by the Bank) and such rate shall be subject to revision at the absolute discretion of the Bank from time to time with or without notice to the Borrower.
Prescribed Rate. The Borrower shall pay interest on the principal amount of the OD outstanding at the rate of BLR plus ONE POINT FIVE ZERO per centum per annum (1.50% p.a.) compounded on monthly rests or at such other intervals as may be prescribed by the Bank calculated at the end of the month and such interest is to be payable in arrears and debited accordingly to the Borrower's account with the Bank. The Bank shall be entitled at any time and from time to time to vary at the Bank's absolute discretion and without prior notice, the BLR, currently SIX POINT ZERO per centum (6.0%) per annum, the Prescribed Rate and/or the basis of calculation of the Prescribed Rate as provided hereinabove.
Prescribed Rate. The Borrower shall pay interest at the rate of _____ plus _____ per centum per annum ( % p.a.) on the principal amount of the RC and such interest is payable in accordance with the corresponding drawdown or roll-over period in arrears. The basis of computation of interest shall be based on a three hundred and sixty five (365) day year or three hundred and sixty-six (366) day year as applicable for the actual number of days elapsed. The Bank shall be entitled at any time and from time to time to vary at the Bank's absolute discretion the BLR, COF, the basis of calculation of the Prescribed Rate and/or the Prescribed Rate as provided hereinabove.
Prescribed Rate. The Borrower shall pay interest at the rate of the BLR plus ONE POINT FIVE ZERO per centum per annum (1.50% p.a.) on the principal amount of the STA and such interest is calculated on monthly rests and is payable monthly in arrears, commencing one (1) month from the first Drawdown Date. The computation of interest shall be based on a three hundred and sixty-five (365) or three hundred and sixty-six (366) days as applicable for actual number of days elapsed.
Prescribed Rate. Where applicable, the Borrower covenants and agrees that until commencement of the repayment of the TL as provided in Item 16 (vii) below the Borrower shall without notice from the Bank to pay, pay the Bank interest at the rate of bank's BLR (presently at SIX POINT ZERO per centum (6.0%) per annum) plus TWO POINT ZERO per centum (2.0%) p.a. on such amount of the TL as might have been disbursed on each Interest Payment Date and mutatis mutandis upon full disbursement of the TL calculated on monthly rests and payable monthly in arrears and such rate shall be subject to revision at the absolute discretion of the Bank from time without notice to the Borrower. If the Borrower fails to pay interest as specified herein the Bank will debit the interest to borrower's account with the Bank and the Bank may at its discretion recall the facility/facilities.
