Stipulated Rate of Interest definition

Stipulated Rate of Interest means that rate of interest that, at the time payment of any amount falls due under this Lease, is equal to the prime lending rate charged by a Canadian chartered bank selected by the Landlord to its most credit worthy customers at Toronto.
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Stipulated Rate of Interest means the prime rate of interest charged from time to time by the chartered banks or trust company of the Landlord at their respective head offices to its most preferred borrowers plus five percent (5%) per annum.
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Stipulated Rate of Interest means the rate equal to two percent (2%) per year above the current referential rate charged from time to time by the Royal Bank of Canada to its most creditworthy customers.
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Examples of Stipulated Rate of Interest in a sentence

  • The project site is located at 10654 Texas Hill Road, approximately 0.6 miles south west of the intersection of Marysville Road and Texas Hill Road, in the Dobbins Community (APN: 048-170-001).

  • If the securer is un- able to adjust the security agreement as required by the change, the Office of Aviation Analysis, Special Authorities Division shall be advised of this fact within 2 business days.(Approved by the Office of Management and Budget under Control Number 2106–0005).

  • Whenever any Minimum Rent, or Additional Rent (including interest thereof, if any) payable hereunder by the Tenant to the Landlord is in arrears for ten (10) days after written notice, the same shall bear interest as of the due date to the date of complete payment at the Stipulated Rate of Interest and such interest shall be due and payable on demand as Additional Rent reserved hereunder.

  • All arrears of Rent and any moneys paid by the Landlord hereunder shall bear interest at the Stipulated Rate of Interest from the time such arrears become due until paid to the Landlord.

  • If the Tenant fails to pay within ten (10) days from when due any Basic Rent or Additional Rent, the unpaid amount will bear interest from the due date to the date of payment at the Stipulated Rate of Interest and such interest shall be calculated and payable monthly.

  • Should the Landlord undertake any repairs or maintenance, then the Tenant will pay to the Landlord the cost of such work or monies expended and shall until paid to the Landlord bear interest at the Stipulated Rate of Interest in Section 4.12 and be recoverable as Additional Rent reserved hereunder.

  • In addition, the Landlord shall be entitled to collect to pro-rated amount of interest computed at the Stipulated Rate of Interest upon all arrears of Rent with a minimum of one (1) month's interest as aforesaid, if the Rent is in arrears for more than five (5) working days.

  • If the Tenant fails to pay, when the same is due and payable, any Basic Rent, Additional Rent or other amounts payable by the Tenant under this Lease, such unpaid amounts bear interest at an annual rate equal to the Stipulated Rate of Interest.

  • All expenses incurred pursuant to this Section 16.5 shall be paid by the Tenant as Additional Rent forthwith upon demand together with an administration fee of fifteen percent (15%) thereof and shall bear interest at the Stipulated Rate of Interest.

  • In such event, without waiving any Tenant default, the Landlord, in addition to all other available rights and remedies, without further notice, may discharge the same of record by payment, bonding or otherwise, as the Landlord may elect, and upon request the Tenant will reimburse the Landlord for all reasonable and documented costs and expenses so incurred by the Landlord plus interest thereon at the Stipulated Rate of Interest.


More Definitions of Stipulated Rate of Interest

Stipulated Rate of Interest means the standard rate of interest charged or imputed by the Landlord, acting reasonably, in respect of the operation of the Complex, as adjusted from time to time.
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Stipulated Rate of Interest means the Prime Rate as on annual rate compounded monthly;
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Stipulated Rate of Interest means the lesser of (1) twelve percent (12%) per annum or (2) the maximum rate of interest permitted by Applicable Law.
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Stipulated Rate of Interest means that rate of interest at the time such interest falls due under this Lease which is the Prime Rate plus two percent (2%) per annum.
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Stipulated Rate of Interest means the prime rate of interest charged from time to time by the Royal Bank of Canada at its head office in Toronto to its most preferred borrowers, plus three percent (3%) per annum.
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Stipulated Rate of Interest means the prime rate of interest charged from time to time by The Royal Bank of Canada at its head office in Toronto to its most preferred borrowers, plus three percent (3%) per annum.
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Related to Stipulated Rate of Interest

  • Fixed Rate of Interest means the rate of interest payable from time to time in respect of a Fixed Rate Tier 1 BCN or during the Fixed Interest Rate Period in respect of a Fixed/Floating Rate Tier 1 BCN and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.

  • Prime Rate of Interest means the prime rate of interest published from time to time in the Wall Street Journal as the prime rate; provided, however that if the Wall Street Journal does not publish the Prime Rate of Interest, then the term “Prime Rate of Interest” shall mean the rate of interest publicly announced by Bank of America, N.A., as its Prime Rate, Base Rate, Reference Rate or the equivalent of such rate, whether or not such bank makes loans to customers at, above, or below said rate.

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • Default Rate of Interest means a rate of interest per annum on any Obligations hereunder, equal to the sum of: (a) two percent (2%) and (b) the applicable increment over the Base Rate (as set forth in paragraph 8.1 hereof) plus the Base Rate, which the Lender shall be entitled to charge the Companies on all Obligations due the Lender by the Companies, as further set forth in Paragraph 10.2 of Section 10 of this Financing Agreement.

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.

  • Maximum Rate of Interest It is intended that the rate of interest hereon shall never exceed the maximum rate, if any, which may be legally charged on the loan evidenced by this Note ("Maximum Rate"), and if the provisions for interest contained in this Note would result in a rate higher than the Maximum Rate, interest shall nevertheless be limited to the Maximum Rate and any amounts which may be paid toward interest in excess of the Maximum Rate shall be applied to the reduction of principal, or, at the option of HSBC, returned to the Company.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period and subject to Condition 4(b)(ii), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • First Reset Rate of Interest means, in respect of the First Reset Period and subject to Condition 5.2(b), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the Reference Rate and the First Margin;

  • Stated Rate has the meaning set forth in Section 2.7.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Negotiated Rate with respect to each Swing Line Loan, the rate per annum agreed to in writing by the Borrower and the Swing Line Lender as the interest rate which such Swing Line Loan shall bear.

  • LIBOR-Based Rate means, with respect to each Interest Period, the per annum interest rate equal to the London Interbank Offered Rate which appears on Telerate Page 3750 at approximately 11:00 a.m. (London time) two LIBOR Business Days prior to the first day of such Interest Period for deposits of United States dollars for a period of time comparable to the Interest Period, and in an amount comparable to the principal amount of the Loan, plus 0.35%.

  • Designated Rate means the rate of interest per annum described in the Supplement as being applicable to an outstanding Loan from time to time.

  • LIBOR Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(ii) [Revolving Credit LIBOR Rate Option].

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Ceiling Rate means, with respect to any Calculation Period, the rate set forth as the “Ceiling Rate” on the attached Schedule I.

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Notice of Interest Rate Election has the meaning set forth in Section 2.08.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Base Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(i) [Revolving Credit Base Rate Option].