SBI PLR definition

SBI PLR means the prime lending rate per annum for loans with 1 (one) year maturity as fixed from time to time by the State Bank of India or any other arrangement that substitutes such prime lending rate as mutually agreed between the Parties.

SBI PLR means the prime lending rate per annum for loans with 1 (one) year maturity as fixed from time to time by the State Bank of India, and in the absence of such rate, the average of the prime lending rates for loans with 1 (one) year maturity fixed by the Bank of India and the Bank of Baroda and failing that any other arrangement that substitutes such prime lending rate as mutually agreed between the Parties.

SBI PLR means prime lending rate of State Bank of India.

Examples of SBI PLR in a sentence

• Such sum shall until payment thereof carry simple interest at SBI PLR plus 5% per annum from the due date for payment thereof until the same is paid to or otherwise realised by the Party entitled to the same.

• Such sum shall until payment thereof carry interest@ SBI PLR as on 31st March 2012 + 4% per annum, from the due date for payment thereof until the same is paid to or otherwise realised by the Party entitled to the same.

• Any delay in payment of the Fee shall attract an interest for the delayed period at the rate of SBI PLR plus 5% per annum on the outstanding amount, which shall be due from the date of such payment till the amount is realized by the Authority.

• Such sum shall until payment thereof carry interest at SBI PLR % per annum from the due date for payment thereof until the same is paid to or otherwise realised by the Party entitled to the same, unless specified otherwise in this Agreement.

• In the event of delay beyond such period, save and except otherwise expressly provided in this Agreement, the defaulting Party shall pay interest @ SBI PLR per annum for the period of delay for such amount and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

• The Concessionaire shall also pay interest @ SBI PLR plus 2% (two percent) on the difference between the Royalty paid by the Concessionaire based on the Gross Revenue reported by the Statutory Auditor and that payable by the Concessionaire based on the Gross Revenue reported by the Additional Auditor for the intervening period between the payment of the Royalties as above.

• If for any reasons, other than those attributable to the Concessionaire, the Concessioning Authority fails to pay the compensation on the Transfer Date, the Concessioning Authority shall be liable to pay interest@ SBI PLR plus 2% (two percent) per annum thereon from the Transfer Date till payment thereof.

• If at any time the Developer fails to obtain or maintain in full force and effect any and all of the insurance required under this Agreement, JTDCL may at its option (but not being obliged to do so) obtain and maintain such insurance and all sums incurred by JTDCL thereof shall be reimbursed by the Developer to JTDCL together with interest thereon at 5% over SBI PLR from the date the respective sums were incurred by JTDCL , within 7 days from the receipt of claim in respect thereof made by JTDCL .

• If for any reasons, other than those attributable to the Agency, the Authority fails to pay the compensation on the date of end of Contract or completion of Contract Agreement period, the Authority shall be liable to pay interest@ SBI PLR per annum thereon from the date of end of Contract or completion of Contract Agreement period till payment thereof.

• In case of NRDA Event of Default, then the Lessee shall be entitled to receive from the NRDA, delayed interest @ SBI PLR as on the date of the payment was due+2% per annum (the “Delayed Interest”), calculated on the default amount for the number of days delayed.

More Definitions of SBI PLR

SBI PLR means the minimum prime lending rate per annum for loans with 1 (one) year maturity as fixed from time to time by the State Bank of India, and in the absence of such rate, the minimum average of the prime lending rates for loans with 1 (one) year maturity fixed by the Bank of India and the Bank of Baroda and failing that any other arrangement that substitutes such prime lending rate as mutually agreed between the Parties.

SBI PLR means the prime 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.

SBI PLR means the prevailing medium term prime lending rate of the State Bank of India.

SBI PLR means the prime 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.

SBI PLR means the State Bank Advance Rate as fixed from time to time by the State Bank of India, and in the absence of such rate any other arrangement that substitutes such prime lending rate as mutually agreed between the Parties;

SBI PLR means the prime lending rate or the benchmark rate of lending announced by the State Bank of India from time to time; (xxvii) “Secured Obligations” shall mean the Borrower’s obligation to pay, repay or reimburse, as the case may be, the principal amounts of the Facility, Interest, Further Interest, Additional Interest, premium on prepayment, all costs, charges and expenses and other monies owing by, and all other present and future obligations and liabilities of the Borrower to the Lender under this Agreement, all costs, charges and expenses including but not limited to the costs, legal expenses and costs of preserving the securities and/or enforcement thereof, incurred by the Lender under the Facility Agreement/Transaction Documents executed by the Borrower; (xxviii) “Security” means the security interest created by the Borrower or any other person to secure all amounts owing by the Borrower to the Lender under this Agreement; (xxix) “Taxes” shall mean and include all present and future taxes, levies, imposts, duties or charges of a similar nature including, without limitation, any corporation, capital gains, income, withholding taxes, gross receipts, franchise, transfer, sales, use, business , occupation, transaction, purchase, value added, excise, goods and services, real or personal property, stamp duty or other taxes whatsoever imposed by any Authority together with