Examples of Designated Interest Rate in a sentence
Notwithstanding the foregoing, Obligations arising under Designated Interest Rate Protection Agreements, Designated Hedge Agreements and Designated Treasury Services Agreements shall be excluded from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Guaranteed Creditor.
Each assessment provided herein, together with interest at the Designated Interest Rate, late charges, collection costs and reasonable attorneys’ fees, shall be the personal obligation of each person who was an Owner of such Lot at the time when the assessment arose.
The Association shall hereby have a continuing lien against each Lot to secure payment of delinquent assessments (annual assessments, special assessments and specific assessments), as well as interest at the Designated Interest Rate, late charges, and costs of collection, including, without limitation, court costs and attorneys’ fees, and any other fees or charges that are authorized under or pursuant to this Declaration.
With respect to any assessment or other sum due herein not paid within ten (10) days after the due date, the Association shall have the right to: (i) charge a late fee, in an amount determined by the Board;(ii) charge interest on the amount due at the Designated Interest Rate from the due date until the date the sum is paid; and/or (iii) charge costs and fees related to the collection of the sum due.
Any reference herein to the satisfaction, repayment, or payment in full of the Secured Obligations shall mean the repayment in full of all of the Secured Obligations other than (x) contingent indemnification obligations not then due and (y) obligations and liabilities under Designated Interest Rate Protection Agreements and Designated Treasury Services Agreements.