Definition of Post-Maturity Rate


Post-Maturity Rate means a rate equal to the lesser of 3.%2.%3.%4. an interest rate equal to the "Prime Rate" as published in The Wall Street Journal, Southwest Edition, in its listing of "Money Rates" plus two percent or 4.%2.%3.%4. the maximum non-usurious rate of interest permitted to be charged the Relevant Asset Owner under applicable Law.

Examples of Post-Maturity Rate in a sentence

Past due Rent and any other past due payments required hereunder shall bear interest from maturity until paid at the Post-Maturity Rate.
Should either Party fail to effect the insurance called for herein, the other Party may, at its sole option, procure said insurance and pay the requisite premiums, in which event, such non-paying Party shall pay all sums so expended to such paying Party promptly upon demand, together with interest at the Post-Maturity Rate.
Within 30 days following the date Lessor delivers to Lessee evidence of payment for those actions by Lessor reasonably necessary to contain or remediate a release or otherwise achieve compliance with Applicable Laws or this Lease because of Lessee's failure to do so, Lessee shall reimburse Lessor on demand all amounts paid by Lessor on Lessee's behalf together with interest at the Post-Maturity Rate.
Within 30 days following the date Lessor delivers to Lessee evidence of payment for those actions by Lessor reasonably necessary to cause the Premises, or Lessee's business operations thereon or the Relevant Assets and Additional Improvements to achieve compliance with Applicable Laws because of Lessee's failure to do so, Lessee shall reimburse Lessor all amounts paid by Lessor on Lessee's behalf, together with interest at the Post-Maturity Rate.
Lessee shall reimburse Lessor for any such Taxes paid by Lessor to the applicable taxing authorities on demand, together with interest at the Post-Maturity Rate (such reimbursement to be based upon the mutual agreement of the Lessor and Lessee as to the portion of such Taxes attributable to the Premises, the Relevant Assets and the Additional Improvements).