Overdraft Reference Rate definition

Overdraft Reference Rate means, for any day, the percentage per annum which is :
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Overdraft Reference Rate means where the Interest Rate for a Facility is calculated by reference to:
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Overdraft Reference Rate means the base rate of interest used by the Bank of Western Australia Ltd. to determine the rates of interest payable on overdraft loans.
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Examples of Overdraft Reference Rate in a sentence

  • If a Client defaults in the payment of an invoice, then regardless of whether a demand for payment is made, the amount outstanding will bear simple interest at the rate of interest being 3% higher than the Commonwealth Bank’s Corporate Overdraft Reference Rate from time to time, calculated on a daily basis from the due date to the date of actual payment in full.

  • The Warehouser shall pay interest on overdue monies at the rate equivalent to 5% per annum above the Commonwealth Bank’s Corporate Overdraft Reference Rate from time to time calculated on daily rates from the due date until payment.

  • If default is made by the Client in the due payment of any monies payable under this Agreement, then although no demand for payment may have been made, the amount in respect of which such default is made or so much thereof as may from time to time remain unpaid, will bear simple interest at the rate of interest being 3% higher than the Commonwealth Bank’s Corporate Overdraft Reference Rate from time to time, calculated on a daily basis from the due date to the date of actual payment in full.

  • Interest will be charged from the due date until payment at a rate equal to 3% above the Commonwealth Bank Corporate Overdraft Reference Rate or such other comparable rate chosen by us most recently published before that date.

  • NetComm Wireless Limited shall also have the right to charge interest on the overdue amount calculated daily at the Commonwealth Bank Corporate Overdraft Reference Rate (Monthly Charging Cycle) from time to time (or similar or replacement rate if this interest rate no longer exists).

  • Interest will be charged from the due date until payment at a rate equal to 3% above the Commonwealth Bank Corporate Overdraft Reference Rate or such other comparable Level 1, ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ 2010 P 1300 244 247 F 61 2 8080 8162 E ▇▇▇▇@▇▇▇▇▇▇.▇▇▇.▇▇ ▇▇▇.▇▇▇▇▇▇.▇▇▇.▇▇ SLA and Terms and Conditions rate chosen by BigAir most recently published before that date.

  • The interest shall be calculated on daily balances at the current CBA Corporate Overdraft Reference Rate plus 2% per annum on all moneys which are not paid by the due date.

  • The Borrower shall pay to the Bank interest on all further monies (other than interest) due and unpaid by the Borrower to the Bank under or pursuant to this Agreement at the rate of five (5%) percent above the rate of the Bank's Overdraft Reference Rate which applies as at the date such monies become due and payable.

  • The Owner shall be entitled to charge the Hirer interest on any amount not paid by the due date at the annual rate of the CBA Corporate Overdraft Reference Rate plus 5% from and including the due date until the date of actual receipt of payment.

  • If You do not pay an invoice in full by the due date, We may charge You a default charge on the unpaid amount on a daily basis from the due date until payment is made at the rate of no more than 3% above the Commonwealth Bank Corporate Overdraft Reference Rate published on the first day of the month of the due date.


More Definitions of Overdraft Reference Rate

Overdraft Reference Rate means the Bank’s business variable overdraft reference rate as published by the Bank from time to time in such newspapers as the Bank may select or on our public website at www.bankwest.com.au or, if its publication is discontinued, the nearest equivalent rate as determined by the Bank acting reasonably.
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Related to Overdraft Reference Rate

  • Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.

  • Term ▇▇▇▇▇ Reference Rate means the forward-looking term rate based on ▇▇▇▇▇.

  • €STR Reference Rate means, in respect of any TARGET Business Day, a reference rate equal to the daily Euro Short-Term Rate ("€STR") for such TARGET Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the website of the European Central Bank initially at http://www.ecb.europa.eu, or any successor website officially designated by the European Central Bank (the "ECB's Website") (in each case, at the time specified by, or determined in accordance with, the applicable methodology, policies or guidelines on the TARGET Business Day immediately following such TARGET Business Day).

  • SOFR Reference Rate means, in respect of any U.S. Government Securities Business Day, a reference rate equal to the daily secured overnight financing rate (“SOFR”) for such U.S. Government Securities Business Day as provided by the Federal Reserve Bank of New York, as the administrator of such rate (or any successor administrator of such rate) on the website of the Federal Reserve Bank of New York currently at http://www.newyorkfed.org, or any successor website of the Federal Reserve Bank of New York or successor administrator (on or about 8:00 a.m., New York City time, on the U.S. Government Securities Business Day immediately following such U.S. Government Securities Business Day).

  • Reference Rate means the rate specified as such hereon.