Delay Interest definition

Delay Interest means [REDACTED - COMMERCIALLY SENSITIVE INFORMATION];

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Delay Interest means: with respect to any sum that shall not be paid at the time of its payment set forth in this contract – interest at the maximum interest rate on irregular credit that existed at Bank Hapoalim Ltd. during the period from the fixed time of for payment of this sum up to the date of its full actual payment.

Delay Interest. The amount of interest payable by each Party on late payments.

Examples of Delay Interest in a sentence

The Listing Delay Interest shall be payable on demand and in the absence of any such demand on the next Coupon Payment Date.
In such case the Delay Interest is calculated for each day of delay.
If the delay exceeds 6 months, breach penalty shall accrue at 20% of the Delay Interest Rate on the amount of delay.
If the delay is within 6 months (inclusive), breach penalty shall also accrue at 10% of the Delay Interest Rate on the amount of delay.
The recipient of a payment made by a Defaulting Participant in respect of a Default Amount must account for the amount of Delay Interest received in accordance with the entitlements provided for in Section 10.10 and for the amount of each Default Amount to the Non-defaulting Participant.
Default / Delay Interest Rate (Annual) % It shall be calculated at a rate which is 30% above the Annual Contractual Interest Rate.
Pricing: LIBOR + 375 bps Payment Delay: Interest rate charged will be based on highest 30-Day LIBOR from the previous month.
The recipient of a payment made by a Defaulting Participant in respect of a Default Amount must account for the amount of Delay Interest received in accordance with the entitlements provided for in clause 6.12 and for the amount of each Default Amount to the Non-defaulting Participant, or where there is more than one Non-defaulting Participant, in the proportions in which they have contributed that Default Amount.
The Delay Interest will be computed on a daily basis for each day that the payment is delayed, at the lesser of (i) one and a half percent (1.5%) per month, or (ii) the maximum rate permitted by applicable law.
For the avoidance of doubt, the Operator shall not be entitled to Delay Interest where the Operator (or its Affiliate) is a Defaulting Partner.

More Definitions of Delay Interest

Delay Interest means interest at Prime Rate plus 7% percentage points.

Delay Interest means interest at the Prime Rate plus 4 percentage points.