Overdue Interest Rate definition

Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

Overdue Interest Rate means the rate of 5% per annum above DBS Prime or such other rate(s) as DBS Bank may determine from time to time, compounded monthly on the last day of each calendar month;

Overdue Interest Rate means the lesser of (i) an interest rate of 18% per annum, or (ii) the highest lawful rate of interest.

Examples of Overdue Interest Rate in a sentence

• If You do not pay that amount within 7 days of the date specified in a demand, We are entitled to charge You interest on that amount at the Overdue Interest Rate in accordance with clause 12 below.

• Overdue Interest Rate means the Applicable Interest Rate Overdraft plus 4% per annum.

• If any amount is overdue under this agreement, We are entitled to charge You interest on that amount at the Overdue Interest Rate on that overdue amount.

• If the interest due is not paid within 7 days of the due date for payment of interest (including by debit or deposit or capitalised by agreement), We will be entitled to charge You interest on that amount at the Overdue Interest Rate in accordance with clause 12 below.

• You shall pay additional interest on any overdue instalment repayment (principal and/or interest) of the Loan Facility at the Overdue Interest Rate.

More Definitions of Overdue Interest Rate

Overdue Interest Rate means the lesser of (a) five percent (5%) per annum over the interest rate in effect immediately prior to the time the Overdue Interest Rate is applicable, and (b) the maximum interest rate provided by law.

Overdue Interest Rate means the rate of 5% per annum above our Prime Rate or such rate as we may determine from time to time, (i) on daily rest basis (if the applicable interest rate of that Facility is on daily rest basis) or (ii) on monthly rest basis which interest to be compounded monthly on the last day of each month (if the applicable interest rate of that Facility is on monthly rest basis);

Overdue Interest Rate means the default interest as prescribed in the Loan Details Sheet which is payable on all amounts which are not paid on their respective Due Dates;

Overdue Interest Rate. Two percent (2%) per annum in excess of the "prime rate" then in effect at Citibank, N.A. in New York City (but not to exceed the maximum rate of interest to be charged Tenant for the use, forbearance or detention of money).

Overdue Interest Rate means the weighted average rate per annum of interest payable with respect to overdue payments of principal on the Notes Outstanding, computed as set forth in such Notes.

Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class. 22 (NALT 2020-A Agreement of Definitions)

Overdue Interest Rate means the lesser of (1) the highest legally permissible interest rate per annum and (2) the greater of (a) the Class A-1 Note Interest Rate, Class A-2 Note Interest Rate, Class A-3 Note Interest Rate, Class A-4 Note Interest Rate or Class B Note Interest Rate, as applicable, plus [2%] per annum, or (b) the interest rate per annum announced from time to time by the 1999-A Indenture Trustee as its reference rate.