Ordinary Interest Rate definition

Ordinary Interest Rate means EURIBOR plus one percentage point (1%);

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Ordinary Interest Rate means, a rate equivalent to the LIBOR rate plus a margin of 265 (two hundred and sixty five) base points. The Borrower will makes all payments of principal, interest, commissions and any other amount due under this Promissory Note free of interest, contributions, withholdings, deductions, fees or any other fiscal responsibility due under the laws, regulations and

Ordinary Interest Rate means oa rate equivalent to the LIBOR Rate plus the sum of 265 (two hundred and sixty five) base points to be calculated at the beginning of each Interests Period.

Examples of Ordinary Interest Rate in a sentence

In case of an event of default concerning the payment of any amount due under this Note (except for ordinary interest) default interest will generate over the due and unpaid amount, beginning on the date in which such amount should have been paid until it is paid in full, at an annual interest rate of 1.25 (one point twenty five) times the Ordinary Interest Rate applicable during the period in which the default occurs and continues (the “Default Interest Rate”).
The Borrower shall pay the Bank, without prior request, ordinary interests on all outstanding amounts payable, which shall be calculated and payable per expired Interests Period at the Ordinary Interest Rate.
The Borrower shall pay the Bank, without prior request, ordinary interests on all outstanding amounts payable, which shall be calculated and payable per “Interests Period” at the Ordinary Interest Rate.
In the event of default on the payment of any amounts corresponding to the principal amount of the Credit Line, the Borrower shall pay to the Lender default interests over the outstanding capital at an interest rate equal to the result of multiplying the Ordinary Interest Rate, by 1.25 (one point twenty five) times, in the understanding that the default interests will be calculated on a daily basis over the entire default period.
The Default Interest rate shall be the interest rate which results from the addition of a penalty interest rate of three percent (3%) per annum to the Ordinary Interest Rate or the Substitute Interest Rate (as applicable), including the Applicable Margin, which is being applied to the Interest Period related to the relevant Facility on which the payment default takes place.

More Definitions of Ordinary Interest Rate

Ordinary Interest Rate means, a rate equivalent to the LIBOR rate plus a margin of 265 (two hundred and sixty five) base points.

Ordinary Interest Rate has the meaning attributed to it in the Fifth Clause of this Agreement.

Ordinary Interest Rate. The fixed annual ordinary interest rate established in CLAUSE NINE of this CONTRACT, which will be calculated on the basis of 1 (one) year of 360 (three hundred and sixty) days for the number of days that effectively elapse between the contracting of the credit and the PAYMENT DEADLINE.

Ordinary Interest Rate. Means that provided in the Notice of Granting which (i) in the event that the Credit is in Pesos, the annual interest rate obtained from adding to the TIIEF Rate the number of percentage points, and (ii) if the Credit is borrowed in Currency, the interest rate obtained after adding the percentage points to the SOFR Rate, plus the applicable percentage of the Adjustment Spread and basis points of the Applicable Margin. If the Client borrows from the credit to pay one or more Cash Trades, Monex may authorize an Ordinary Interest Rate equal to 0 (zero), which will be expressly set forth in the Notice of Granting.

Ordinary Interest Rate means the 16% (sixteen percent) fixed annual interest rate applicable to the unpaid balance of the Loan.

Ordinary Interest Rate means the rate specified as such in the Loan Disclosure Statement; Participating Investors means the investor or investors from time to time who are participating in providing this Loan Facility under the peer-to-peer lending service provided by Squirrel Money Limited pursuant to its licence under the FMCA; PPSA means the Personal Property Securities ▇▇▇ ▇▇▇▇; RWT means resident withholding tax imposed under the resident withholding tax rules in the Income Tax ▇▇▇ ▇▇▇▇; Secured Property means your property described as such in the Loan Disclosure Statement but excludes any property in relation to which it is prohibited to provide for a security interest under Part 3A subpart 6 of the CCCFA; Secured Obligations means all present and future obligations which you (whether alone or with any other person and in any capacity) have or owe to Squirrel (whether alone or with any person and in any capacity) other than obligations to pay or deliver any Amount Outstanding; Securities means the security over the Secured Property and a Guarantee and Indemnity together with each other agreement at any time intended to secure your obligations under this Loan Agreement (whether or not it guarantees or secures other obligations as well);

Ordinary Interest Rate means the applicable interest rate for the Loan Borrowing in question, which will be previously agreed in writing between the Borrower and the Lender, and if they fail to reach an agreement, the Lender will have the right to deny the granting of the Loan Borrowing without liability for the Lender.