Lending Rate definition

Lending Rate means 12% per annum.

Lending Rate means, on any date, a rate of interest per annum (based on a three hundred sixty (360) day year and the actual number of days elapsed) equal to, in the case of Fluctuating Rate Loans, the Prime Rate and, in the case of Eurodollar Loans for the Interest Period therein specified, equal to 2.00% in excess of the LIBOR Rate.

Lending Rate means, with respect to each Revolving Loan, the lower of (A) Prime Rate and (B) LIBOR Market Index Rate plus 150 basis points (1.50%). Changes in the rate of interest charged hereunder shall become effective as of the opening of business on the day on which such change in the Prime Rate or the LIBOR Market Index Rate, as the case may be, is established.

Examples of Lending Rate in a sentence

• To recover all sums already paid by the BUYER, and in case of an Indian BIDDER with interest thereon at 2% higher than the prevailing Prime Lending Rate of State Bank of India, while in case of a BIDDER from a country other than India with interest thereon at 2% higher than the LIBOR.

• To recover all sums already paid by the CORPORATION, and in case of an Indian TENDERER with interest thereon at 2% higher than the prevailing Prime Lending Rate of State Bank of India, while in case of a TENDERER from a country other than India with interest thereon at 2% higher than the LIBOR.

• To recover all sums already paid by the CORPORATION, and in case of an Indian BIDDER with interest thereon at 2% higher than the prevailing Prime Lending Rate of State Bank of India, while in case of a BIDDER from a country other than India with interest thereon at 2% higher than the LIBOR.

• In the event of the failure of the Employer to make payment within the times stated, the Employer shall make payment to the Contractor of simple interest at a rate equal to two percentage points above the averaged Base Lending Rate of three leading banks namely Kenya Commercial Bank, Standard Chartered Bank and Barclays Bank for the time being or as shall be the case from the time to time obtained from the Central Bank of Kenya.

• The Buyer will also have a right to consider cancellation of the Contract either wholly or in part, without any entitlement or compensation to the Seller who shall in such an event be liable to refund all payments made by the Buyer in terms of the Contract along with interest at the rate of 2% per annum above (i) Prime Lending Rate of State Bank of India for Indian bidders, and (ii) London Inter Bank Offered Rate (LIBOR) for the foreign bidders.

More Definitions of Lending Rate

Lending Rate means the interest rate applied to pledges;

Lending Rate means the rate announced by U. S. Bank from time to time as its reference lending rate for commercial loans within the United States (but is not intended to be the lowest rate of interest charged by U. S. Bank in connection with extensions of credit to debtors or any classification of debtors). Any change in the reference rate announced by U. S. Bank shall take effect at the opening of business on the day specified in the public announcement of such change.

Lending Rate. The term "Lending Rate" shall mean the annual rate of interest announced from time to time by the Lender. The Lending Rate is a reference rate for the information and use of the Lender in establishing the actual rates to be charged its borrowers. It is not intended to and does not represent the best or lowest rate of interest available to any borrower or class of borrowers. Manner of Calculation. Interest shall be calculated on the basis of a three hundred sixty (360) day year for actual days elapsed. Interest will be charged on the principal balance of the loan that remains outstanding from time to time. Signed for Identification By: /s/ Edwix X. Xxxxxxxxx -------------------------------- The Treasurer of Borrower 2

Lending Rate means the annual rate of interest announced from time to time by the Lender. The Lending Rate is a reference rate for the information and use of the Lender in establishing the actual rates to be charged its borrowers. It is not intended to and does not represent the best or lowest rate of interest available to any borrower or class of borrowers. Manner of Calculation. Interest shall be calculated on the basis of a three hundred sixty (360) day year for actual days elapsed. Interest will be charged on the principal balance of the loan that remains outstanding from time to time.

Lending Rate contained in Section 1 of the Loan Agreement is amended to read in its entirety as follows:

Lending Rate means the lending rate of each NIS Lender as supplied to the Agent and agreed with the Borrower prior to such NIS Lender becoming a Party, such rate in any event not to exceed TELBOR plus 0.30 per cent. per annum.

Lending Rate means the per annum rate equal to the Prime Rate plus the Applicable Margin.