Default Interest Rate definition
Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;
Default Interest Rate shall have the meaning set forth in Section 2(a).
Default Interest Rate means the Interest Rate plus 5% per annum;
Examples of Default Interest Rate in a sentence
Landlord shall have the right, but shall not be required, to pay such sums or do any act which requires the expenditure of monies which may be necessary or appropriate by reason of the failure or neglect of Tenant to perform any of the provisions of this Lease, and in the event of the exercise of such right by L▇▇▇▇▇▇▇, T▇▇▇▇▇ agrees to pay to Landlord forthwith upon demand all such sums, together with interest thereon at the Default Interest Rate, as Additional Rent.
More Definitions of Default Interest Rate
Default Interest Rate means the lesser of (i) the per annum rate of interest calculated on a daily basis using the prime rate published in the Wall Street Journal for the applicable day (with the rate for any day for which such rate is not published being the rate most recently published) plus two hundred (200) basis points and (ii) the maximum rate of interest permitted by Applicable Law.
Default Interest Rate means a rate of interest equal to the lesser of (a) the aggregate of THREE PERCENT (3%) per annum plus the Interest Rate, or (b) the highest rate legally permissible under applicable Requirements of Law. The Default Interest Rate shall change from time to time as and when the Interest Rate changes.
Default Interest Rate means the lesser of (a) eight percent (8%) per annum and (b) the maximum rate of interest permitted by Applicable Law.
Default Interest Rate means the lower of (i) the sum of (a) the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A., as its prime rate and (b) 5%, or (ii) the highest rate of interest permitted under applicable law.
Default Interest Rate means the lower of (i) the sum of (a) the Prime Rate and (b) 5% or (ii) the highest rate of interest permitted under applicable law.
Default Interest Rate means simple interest applicable on delayed payment or short payment from the date the payment was due until realization of full payment and such interest shall be computed at the rate of 2% (two percent) per month on the payment that is due.
Default Interest Rate means the interest rate set out in paragraph 7 of Annex 1;