POST MATURITY RATE definition

POST MATURITY RATE. For purposes of deciding when the "Post Maturity Rate" (shown on page 1) applies, the term "maturity" means the date of the last scheduled payment indicated on page 1 of this note or the date you accelerate payment on the note, whichever is earlier.
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POST MATURITY RATE means a rate equal to the lesser of (i) 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 (ii) the maximum non-usurious rate of interest permitted to be charged the Relevant Asset Owner under applicable Law.
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POST MATURITY RATE shall have the meaning ascribed to such term in Section 9.2.
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Examples of POST MATURITY RATE in a sentence

  • POST MATURITY RATE: For purposes of deciding when the "Post Maturity Rate" (shown on page 1) applies, the term "maturity" means the date of the last scheduled payment indicated on page 1 of this note or the date you accelerate payment on the note, whichever is earlier.

  • POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: [X] on the same fixed or variable rate basis in effect before maturity (as indicated above).

  • POST MATURITY RATE – For purposes of deciding when the "Post Maturity Rate" (shown on page 1) applies, the term "maturity" means the date of the last scheduled payment indicated on page 1 of this note or the date you accelerate payment on the note, whichever is earlier.

  • POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: [ ] on the same fixed or variable rate basis in effect before maturity (as indicated above).

  • POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below.


More Definitions of POST MATURITY RATE

POST MATURITY RATE means a rate equal to the lesser of (i) 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 (ii) the maximum non-usurious rate of interest permitted to be charged the Relevant Asset Owner under applicable Law.
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POST MATURITY RATE is defined in Section 3.2.2.
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POST MATURITY RATE. For purposes of deciding when the "Post Maturity Rate" (shown on the other side) applies, the term "maturity" means the following: (1) if the note is payable on demand, the date you make your demand; (2) if the note is payable on demand with an alternate maturity date(s), the date you make your demand or the final alternate maturity date or the date you accelerate payment on the note, whichever is earlier; and (3) in all other cases, the date of the last scheduled payment of principal or the date you accelerate payment on the note, whichever is earlier.
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POST MATURITY RATE means (i) when used in respect of Obligations owing to any Noteholder, the applicable default or post-maturity rate specified in the Note Agreement or the Notes, (ii) when used in respect of Obligations owing to any Bank Creditor, the applicable Default Rate (as defined in the Credit Agreement), and (iii) when used in respect of any other Obligations hereunder, the highest of any of the foregoing default or post-maturity rates.
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POST MATURITY RATE means the rate per 7-calendar day period (or portion thereof) equal to 1.00%.
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POST MATURITY RATE. For purposes of this note the term "maturity" shall mean the following:
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POST MATURITY RATE means the rate described in Section 3.2.2.
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