BPLR definition
Examples of BPLR in a sentence
BPLR means the applicable reference rate of interest as on reset date and reset time frequency as decided by the Company from time to time based on prevailing market conditions and guidelines of any statutory authority and/or as per the internal policy of the Company.
The Developer may allow, in its sole discretion, a rebate for early payments of installments payable by the Purchasers by discounting such early payments @ BPLR or as mutually agreed between the parties for the period by which the respective installment has been preponed.
Any change in BPLR shall be notified by the Company through its website or account statements or its branches or any such medium as the Company may consider appropriate.
The Interest Rate for the respective tranche will remain unchanged for the tenor of the respective tranche, irrespective of any change in the BPLR during that period.
Similarly, in the matter of Matene v Noordberg Group Life Assurance Scheme 2 (2001) 2 BPLR 1610 (PFA), the beneficiaries had entered into a settlement agreement confirming the distribution by the fund.
The Bank’s BPLR will be posted on the Bank’s website (▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇) from time to time.
The Developer may allow, in its sole discretion, a rebate for early payments of installments payable by the Purchaser(s) by discounting such early payments @ BPLR or as mutually agreed between the parties for the period by which the respective installment has been preponed.
In case the WCDL or Loan is to be drawn down in tranches, then the applicable Interest Rate payable on (i) each tranche amount of WCDL or (ii) Loan drawn down and (iii) the Bank’s BPLR will be advised in writing by the Bank to the Borrower on the date of draw down of the respective tranche.