the Interest Rate definition

the Interest Rate means 5% over the base rate of Lloyds Bank Plc from

the Interest Rate means the law society interest rate of 4% above the Bank of England base rate.

the Interest Rate means the fixed interest rate per annum specified as such in item 2.2 of the Schedule;

Examples of the Interest Rate in a sentence

• No default interest shall accrue where the failure to pay was solely attributable to the Agent or the CSD, in which case the Interest Rate shall apply instead.

• The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate.

• Interest at the Interest Rate and any Additional Interest on any Debenture that is payable, and is punctually paid or duly provided for, on any Interest Payment Date for Debentures shall be paid to the Person in whose name said Debenture (or one or more Predecessor Securities) is registered at the close of business on the regular record date for such interest installment except that interest and any Additional Interest payable on the Maturity Date shall be paid to the Person to whom principal is paid.

• The term “Conversion Amount” means, with respect to any conversion of this Note, the sum of (1) the Principal Amount of this Note to be converted in such conversion plus (2) at the Holder’s option, accrued and unpaid interest, if any, on such Principal Amount at the Interest Rate to the Conversion Date, plus (3) at the Holder’s option, Default Interest, if any, on the amounts referred to in the immediately preceding clauses (1) and/or (2).

• If the Interest Rate Basis is the Federal Funds Open Rate, this Note shall be deemed a “Federal Funds Open Rate Note.” Unless otherwise specified on the face hereof, “Federal Funds Open Rate” means the rate set forth on Moneyline Telerate (or any successor service) on page 5 (or any other page as may replace the specified page on that service) for an Interest Determination Date underneath the caption “FEDERAL FUNDS” in the row titled “OPEN”.

More Definitions of the Interest Rate

the Interest Rate means the rate of interest charged by First National Bank Limited or its successors in respect of overdrafts granted to its most favoured customers from time to time plus 2 (two) percentage points; a certificate by any manager or accountant (whose appointment it shall not be necessary to prove) or any branch of the said bank shall be conclusive proof of the Prime Rate from time to time;

the Interest Rate means the rate of Four per centum per annum above the base rate from time to time of The Royal Bank of Scotland PLC

the Interest Rate means the rate (to apply as well after as before any Judgement) equal to the rate from time to time charged by the European Inter Bank offered rate (EURIBOR) (overdraft) rate increased by 2%. If at any time during the currency of this demise it shall not be possible to calculate the rate of interest then the rate of 12% shall apply.

the Interest Rate. Is As Follows:[_] If checked here, the interest rate provided herein shall be computed on the basis of a 365 day year and shall be calculated for the actual number of days elapsed. If not checked, the interest rate shall be computed on the basis of a 360 day year and shall be calculated for the actual number of days elapsed. Variable Interest Rate [_] Not applicable [X] Applicable, provided however that the interest rate charged hereunder shall never exceed the maximum rate allowed, from time to time, by law. If this loan is for a consumer purpose and is secured by a dwelling, the maximum interest rate charged will never exceed 18% per annum or the state usury ceiling, whichever is less. If applicable, the interest rate stated herein shall, from time to time, automatically increase or decrease so that at all times it shall be equivalent to (check appropriate box and complete): [_] _______% over the annual interest rate announced by_________________________ from time to time, as the prime rate (which interest rate is only a bench xxxx, is purely discretionary and is not necessarily the best or lowest rate charged borrowing customers of any subsidiary bank of Sun Banks, Inc.). Any such change in prime rate will increase or decrease your periodic interest payments. Any change in prime rate shall be effective at the beginning of the business day on which such change is announced; or, [X] as set forth in the Loan Agreement in Section 2(c). FIXED RATE [_] Applicable at___________% per annum, simple interest. [X] Not Applicable.

the Interest Rate means the Law Society Interest Rate from time to time or such equivalent rate as the Landlord may reasonably decide should such rate be unavailable for calculation.

the Interest Rate means the rate of 4% per year above the Bank of England Base Rate.

the Interest Rate means the rate of 2% a year above the base lending rate of Lloyds Bank plc