SBI Base Rate definition

SBI Base Rate means the base rate as fixed by State Bank of India on 1st April of the respective financial year in which such rate is considered for calculation purposes.
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SBI Base Rate means the base rate per annum as fixed from time to time by the State Bank of India, and in the absence of such rate, the average of the base rates fixed by the Bank of India and the Bank of Baroda and failing that any other arrangement that substitutes such base rate as mutually agreed between the Parties;
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SBI Base Rate means the base rate as fixed by State Bank of India on 1st April of the respective financial year in which such rate is considered for calculation purposes or any modifications made by SBI from time to time;
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Examples of SBI Base Rate in a sentence

  • In the event of delay beyond such period, the defaulting Party shall pay penalty for the period of delay calculated at a rate equal to SBI Base Rate + 2% (two percent) per annum, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

  • Should Buyer fail to make payment of any sum due, simple interest on that sum shall accrue from the Due Date, until the date payments is made, on a day to day basis at SBI Base Rate applicable on the Due Date of payment plus 6.25%.

  • The Authority shall make payment of such compensation within 45 (forty five) days of receiving such notice or with interest @ SBI Base Rate if the payment thereof is delayed beyond such 45 (forty five) days.

  • The Concessionaire shall make such payment within 45 (forty five) days of receiving such notice or with interest @ SBI Base Rate if the payment is delayed beyond such 45 (forty five) days.

  • In the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 2% (two per cent) above SBI Base Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

  • Interest shall be calculated at State Bank of India (SBI) Yearly MCLR plus 4% for first 30 days and thereafter at SBI Base Rate plus 5% compounded each quarter.

  • Delay in payment will attract interest @ State Bank of India (SBI) Base Rate plus 6% per annum compounded quarterly for each day payments are overdue until paid.

  • The Interest shall be calculated, in the case of INR payments as SBI Base Rate (applicable on the due date) plus five percentage (5%) points compounded quarterly, and in case of USD payments as LIBOR (6 month United States Dollars LIBOR as published by Reuters and applicable on the due date) plus two percentage (2%) points compounded quarterly.

  • The Interest shall be calculated, in the case of INR payments as SBI Base Rate (applicable on the due date) plus seven and a half percentage (7.5%) points compounded quarterly, and in case of USD payments as LIBOR (6 month United States Dollars LIBOR as published by Reuters and applicable on the due date) plus two percentage (2%) points compounded quarterly.

  • In the event of delay beyond the stipulated period, the defaulting Party shall pay penalty for the period of delay calculated at a rate equal to SBI Base Rate + 2% (two percent) per annum, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.


More Definitions of SBI Base Rate

SBI Base Rate means the rate per annum for loans with 1 (one) year maturity as fixed from time to time by State Bank of India, and in the absence of such rate, the average of the rates for loans with 1 (one) year maturity fixed by Bank of India and Bank of Baroda and failing that any other arrangement that substitutes such rate as mutually agreed between the Parties.
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SBI Base Rate means the minimum rate set by the State Bank of India below which bank is not allowed to lend to its customers.
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SBI Base Rate means the specified lending rate of the State Bank of India prevailing as on the date of a payment due from which the computation of interest is required to be made under the Agreement - Scheduled Commercial Bank means the Banks as notified by the Reserve Bank of India as scheduled commercial bank
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Related to SBI Base Rate

  • CD Base Rate has the meaning set forth in Section 2.07(b).

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Fixed Base Rate means, for each Disbursed Amount, the equivalent of the London interbank offered rate for six-month deposits in dollars for value on the Rate Fixing Date for such Disbursed Amount, expressed as a single fixed interest rate based on the fixed interest rates corresponding to the repayment installments of such Disbursed Amount, as reasonably determined by the Bank and expressed as a percentage per annum.

  • Applicable Base Rate means (i) with respect to a Rate Period of fewer than 49 days, the greater of (a) the SIFMA Municipal Swap Index or (b) the LIBOR Rate, and (ii) with respect to a Rate Period of 49 or more days, the LIBOR Rate.

  • Canadian Base Rate means, at any time, the annual rate of interest equal to the greater of (a) the annual rate from time to time publicly announced by Agent (or a bank that is listed on Schedule 1 of the Bank Act (Canada) acceptable to Agent) as its prime rate in effect for determining interest rates on Canadian Dollar denominated commercial loans made in Canada and (b) the annual rate of interest equal to the sum of the 30-day BA Rate at such time plus 1% percent per annum.