SBI MCLR definition

SBI MCLR means the prevailing marginal cost of fund based lending rate for a tenor of 1 year, notified by the State Bank of India.
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SBI MCLR the State Bank of India Marginal Cost of Funds-based Lending Rate as published from time to time (or in the event that such rate is not published, as quoted by such bank as the parties may agree), for the day or days in question;
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SBI MCLR means the medium term prime lending rate of the State Bank of India.
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Examples of SBI MCLR in a sentence

  • All outstanding amounts payable by any Party under this Agreement to other Party shall carry applicable interest at the rate of (i) 2% (two percent) above the then existing SBI MCLR (State Bank of India – Marginal Cost of Lending Rate) per annum or (ii) such other rate of interest higher/ lower than 2% as may be prescribed under the Act/ Rules (“Interest”) from the date they fall due till the date of receipt/realization of payment by the other Party.

  • Interest shall mean the highest Marginal Cost of Lending Rate (hereinafter referred to as “MCLR”) of State Bank of India (hereinafter referred to as “SBI”) plus two percent and in case the SBI MCLR is not in use then it would be replaced by such benchmark lending rates as fixed by SBI from time to time for lending to the general public plus two percent.

  • Interest on account of delay in deposition of the above mentioned charges or on any subsequent extension sought, shall be levied @ one year SBI MCLR rate /annum on pro-rata basis.

  • Upon any Party's failure to make a payment due and payable by it on the due date for such payment, the defaulting Party shall be liable to pay default interest on all such outstanding amounts at the prevailing SBI MCLR + 3% per annum or part thereof.

  • The rate of interest payable by the Allottee to the Promoter shall be the SBI MCLR plus 2% (two percent).

  • Interest shall be payable on the reducing balance of 60% of the Completion Cost for each of the relevant Facilities, at the rate of the SBI MCLR plus 3% per annum.

  • SBI MCLR" means the medium term prime lending rate of the State Bank of India.

  • Fee amounts remaining unpaid on respective due dates would carry interest at rate equal to 3% above the SBI MCLR Rate per annum from the due date till the date of payment.

  • To the extent any disputed amount had been withheld by one party and such party is ultimately found liable to pay all or any portion of such amount pursuant to clause 9 of this agreement, then such party shall be liable to pay interest on such withheld amount at the annual rate equal to SBI MCLR reference rate plus 2%, from the original date due for such payment till the actual date of payment.

  • All outstanding amounts payable by any Party under this Agreement to other Party shall carry applicable interest at the rate of (i) 2% two percent) above the then existing SBI MCLR (State Bank of India – Marginal Cost of Lending Rate) per annum or (ii) such other rate of interest higher/ lower than 2% as may be prescribed under the Act/ Rules (“Interest”) from the date they fall due till the date of receipt/realization of payment by the other Party.


More Definitions of SBI MCLR

SBI MCLR means the marginal cost of funds base lending rate fixed by the State Bank of India.
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SBI MCLR means the Marginal Cost of Funds based Lending Rate issued by the State Bank of India on a monthly basis. In case of any change in the applicable lending rate, the revised or new lending rate shall apply.
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Related to SBI MCLR

  • SBI means State Bank of India (Client) having its Corporate Centre at Madame Cama Road, Nariman Point, Mumbai- 400 021 and its representative Local Head Offices/Administrative Offices/Regional Business Offices/Branches at various places across India and includes the client’s representatives, successors and assigns.

  • RQFII means a Renminbi qualified foreign institutional investor approved pursuant to the relevant PRC regulations (as amended from time to time).

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • APCEC means the Arkansas Pollution Control and Ecology Commission.

  • Target Companies means the Target and its Subsidiaries.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • PBI means Pitney Xxxxx Inc. “Pitney Xxxxx” means PBI and its subsidiaries. “We”, “our” or “us” refers to the Pitney Xxxxx companies with whom you’ve entered into the Order. “You” or “your” refers to the entity identified on the Order. “Meter” means any postage meter supplied by PBI under the Order, including (i) in the case of a Connect+®, a SendPro® P series or a SendPro C series mailing system, the postal security device that accounts for and enables postage to be purchased and printed (“PSD”), and (ii) in the case of all other mailing systems, the PSD, the user interface or keyboard and display and the print engine. “Meter Services” means access to the PSD to download, account for, and enable printing of postage within a PBI Postage Evidencing System as defined in Title 39, Part 501 of the Code of Federal Regulations (“CFR”); USPS mandated processes associated with the PSD, including registration, usage reporting and withdrawal; repair or replacement of the PSD as described in Section 26; and the Soft- Guard Program outlined in Section 28. “Equipment” means the equipment listed on the Order, excluding any Meter or standalone software. “Lease” means Lease terms and conditions set out in Sections 10 through 17. The provisions included in these Terms consist of: (i) General Terms; (ii) Lease Terms; (iii) a Service Level Agreement; (iv) Equipment Rental and Meter Services Terms; (v) an Acknowledgement of Deposit required by the United States Postal Service in any transaction involving a Meter; (vi) Purchase Power® Terms for a limited purpose credit line that may be available to you; and (vii) provisions relating to specific products.

  • SHC means Sears Holdings Corporation.

  • SLDC means the State Load Dispatch Center as notified by the State Government.

  • ESI means Entergy Services, Inc.

  • ESMP means an environmental and social management plan (including any pest management plan), acceptable to the Association and consistent with the ESMF, adopted for the purposes of a Micro-project, and giving details of the magnitude of the environmental impacts, as well as the specific actions, measures and policies designed to facilitate the achievement of the objective of the ESMF under the Micro-project, including the budget and cost estimates, and sources of funding, along with the institutional and procedural measures needed to implement such actions, measures and policies, as such ESMP may be amended form time to time with the prior written agreement of the Association.

  • Apple means Apple Inc., a California corporation with its principal place of business at Xxx Xxxxx Xxxx Xxx, Xxxxxxxxx, Xxxxxxxxxx 00000, U.S.A.

  • Model 2 seller means a seller registered under the agreement that:

  • GVWR means gross vehicle weight rating.

  • CMBI means Chase Manhattan Bank International, an indirect wholly-owned subsidiary of Bank, located in Moscow, Russia, and any nominee companies appointed by it.

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • NPS means nominal pipe size.

  • ICF/MR means an intermediate care facility for the mentally retarded.

  • TMDL means the total maximum daily load limitation of a parameter, representing the estimated assimilative capacity for a water body before other designated uses are adversely affected. Mathematically, it is the sum of wasteload allocations for point sources, load allocations for non-point and natural background sources, and a margin of safety.

  • CEC means the California Energy Commission or its successor agency.

  • ECC means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • CEOC means Caesars Entertainment Operating Company, Inc., a Delaware corporation.

  • FS means “Finansiel Stabilitet” and any successor or replacement thereto, or other resolution authority with the ability to exercise any Danish Statutory Loss Absorption Powers in relation to the Issuer, in any case as determined by the Issuer;

  • SMP : means Significant Market Power;

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.