Lease Interest Rate definition

Lease Interest Rate means the lesser of (a) that fluctuating rate of interest equal to two percentage points (2%) over the rate of interest announced from time to time by the Bank of America National Trust and Savings Association as its prime or reference commercial lending rate (or in the event such bank ceases to announce such rate, then by such other federally regulated banking institution as Landlord shall determine), or (b) the maximum interest rate permitted by law.

Lease Interest Rate means the greater of 15% per annum or such variable per annum rate which is from time to time equal to 3% above the base rate as stated by Citibank, N. A. or its successor, or, in the absence of there being a successor to Citibank, N. A. by such other bank having an office in the City of New York as Landlord may from time to time select. Nothing herein shall be construed as waiving any rights of Landlord arising out of any default of Tenant by reason of Landlord’s accepting any such late charge or interest; the right to collect a late charge and interest is separate and apart from any other rights or remedies of Landlord after default by Txxxxx. Without limiting the generality of the foregoing, if Tenant shall be in default in the performance of any of its obligations hereunder, Landlord, without being required to give Tenant any notice or opportunity to cure, may (but shall not be obligated to do so), in addition to any other rights it may have in law or in equity, cure such default on behalf of Tenant, and Tenant shall reimburse Landlord upon demand for any sums paid or costs incurred by Landlord in curing such default, including reasonable attorneys’ fees and other legal expenses, together with interest at the Lease Interest Rate from the dates of Landlord’s incurring of costs or expenses. Tenant further waives the right to any notices to quit as may be specified in the Landlord and Tenant Act of Pennsylvania, Act of April 6, 1951, as amended, or any similar or successor provision of law, and agrees that five days notice shall be sufficient in any case where a longer period may be statutorily specified. IN ADDITION TO, AND NOT IN LIEU OF ANY OF THE FOREGOING RIGHTS GRANTED TO LANDLORD, LANDLORD SHALL HAVE THE FOLLOWING RIGHTS TO CONFESS JUDGMENT AGAINST TENANT AND ALL PERSONS CLAIMING THROUGH TENANT, FOR POSSESSION OF THE PREMISES AND/OR FOR MONIES OWED TO LANDLORD:

Lease Interest Rate means the lesser of (A) 200 basis points in excess of the Prime Rate in effect from time to time or (B) the maximum amount or rate that lawfully may be charged in the circumstances, if such a maximum exists.

Examples of Lease Interest Rate in a sentence

• LESSOR (LESSEE) Using Agency: By: (Authorized Approval By - Name) Title: Date: TERM LEASE QUOTE FORM Lease Period - months From till (Date) (Date) Original Equipment Cost Less Residual Value of Equipment Ancillary costs (itemize and attach separately) – Total Total Cost for Lease Interest Rate Spread Monthly/Quarterly/Annual Lease Payment (circle one) Lease Payment Schedule (Level Payments) - to be attached This quote issued as of , based on the three (3) year U.

• In April 2021, as his mother had de-registered from the Gloucestershire GP due to her move abroad.

• This action shall be final upon entry of the orders set forth in B.1. and B.2. above and the case shall be dismissed.

• In terms of clause 19.1 of CMTS/UAS licenses, the GR shall be inclusive of installation charges, late fees, sale proceeds of handsets (or any other terminal equipment etc.), revenue on account of interest, dividend, value added services, supplementary services, access or interconnection charges, roaming charges, revenue from permissible sharing of infrastructure and any other miscellaneous revenue, without any set-off for related item of expense, etc.

• If Tenant defaults in the making of any payment or in the doing of any act under this Lease required to be made or done by Tenant, then Landlord may, but shall not be required to, make such payment or do such act, and charge the amount of the expense thereof, if made or done by Landlord, with interest thereon at the Lease Interest Rate.

More Definitions of Lease Interest Rate

Lease Interest Rate means four (4) percentage points per annum above the prime rate per annum announced from time to time by PNC Bank, N.A, or its successors.

Lease Interest Rate means two percent (2%) plus the prime rate.

Lease Interest Rate means interest at the rate of twelve (12%) percent per annum provided such rate does not violate the usury laws of New York State. If such rate violates such usury laws, then it shall be 1/2% below the maximum permissible rate.

Lease Interest Rate. As used in this Lease, the "Lease Interest Rate" shall be a rate equal to two percent (2%) per year in excess of the "Reference Rate" most recently announced by Bank of America, Los Angeles from time to time, provided however that if Bank of America ceases to announce such Reference Rate, then such rate shall be a rate comparable to such Reference Rate; and provided further, however, that in no event shall the Lease Interest Rate exceed the highest lawful rate of interest permissible by law.

Lease Interest Rate means the lesser of (A) 300 basis points in excess of the Prime Rate in effect from time to time or (B) the maximum amount or rate that lawfully may be charged in the circumstances, if such a maximum exists.

Lease Interest Rate means a rate equal to the lesser of (i) the Prime Rate plus four percent (4%), or (ii) the maximum applicable legal rate.

Lease Interest Rate. Lease Interest Rate" means the interest rate specified in Item 9 of the Basic Terms.