Penalty Interest Rate means the then current rate fixed by the Attorney-General under the Penalty Interest Rates Act 1983 (Vic) applicable at the relevant time.
Penalty Interest Rate. Is the interest rate charged by the Inland Revenue Department on unpaid tax under the Tax Administration Act 1994 during the period for which the interest rate for late settlement is payable plus 5% per annum, calculated on a daily basis.
Penalty Interest Rate means, at any time, the higher of:
Examples of Penalty Interest Rate in a sentence
In the event that the Borrower does not make payment of any Minimum Repayment Amount on the due date therefor, penalty interest shall accrue daily at the Penalty Interest Rate (on the basis of a 365 day year) on that portion of the Outstanding Capital Balance which is overdue.
More Definitions of Penalty Interest Rate
Penalty Interest Rate means penalty interest rate as prescribed for the relevant state being one of the following:
Penalty Interest Rate means the penalty interest rate specified in the Facility Letter.
Penalty Interest Rate means the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 (Vic).
Penalty Interest Rate. The Interest Rate plus two percentage points. Vendor: The company of the Xxxxx Group that is specified as the vendor in the Sale Confirmation. Delivery Window: The period (including both the initial date and final date) in which the products must be delivered by XXXXX to the Purchaser at the place stipulated in the Sale Confirmation and in accordance with the rules of interpretation of the Incoterms 2020 (or any rules that may replace them in the future) of the International Chamber of Commerce. The dates stipulated in the Contracts and Sale Confirmations are essential terms.
Penalty Interest Rate. Double the Interest Rate. Vendor: The company that is specified as the vendor in the Purchase Confirmation. Delivery Window: The period (including both the initial date and final date) in which the products must be delivered by the Vendor to XXXXX at the place stipulated in the Purchase Confirmation and in accordance with the rules of interpretation of the Incoterms 2010 (or any rules that may replace them in the future) of the International Chamber of Commerce. The dates stipulated in the Contracts and Purchase Confirmations are essential terms.
Penalty Interest Rate means the rate as published by the Magistrates Court of Victoria as fixed by the Attorney- General.