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.
Sample 1Sample 2Sample 3
Stipulated Rate of Interest means the prime rate of interest charged from time to time by the chartered bank of the Landlord at their respective head offices expressed as an annual rate by the Bank from time to time as a reference rate for commercial loans denominated in Canadian dollars and made by the said Bank in Canada as announced and adjusted from time to time by the said Bank plus five percent (5%) per annum.
Sample 1
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.
Sample 1Sample 2

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).

  • Britain’s economy shrank by more than 6% during its last recession in 2008-09 which lasted five quarters, and growth in wages and productivity has been persistently weak ever since.

  • 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.

  • 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.

  • Upon recalculation any GPA below a 2.0 will result in the student being declared ineligible for the remaining grading period.

  • 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.

  • 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.

  • If the Tenant fails to make any such repair in the manner as aforesaid after having received such written notice from the Landlord requesting the Tenant to do so, the Landlord may, without prejudice to any other rights or remedies it may have, make such repairs and charge the cost thereof to the Tenant (together with an administration fee of fifteen percent (15%) of such costs and interest thereon at the Stipulated Rate of Interest until paid in full by the Tenant to the Landlord).

  • 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.


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.
Sample 1Sample 2
Stipulated Rate of Interest means the Prime Rate plus four percent (4%) as an annual rate compounded monthly;
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1

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 that rate of interest designated as such by Fleet National Bank of Connecticut, N.A., or any successor thereto, as the same may from time to time fluctuate.

  • 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 the rate of interest otherwise payable on the principal of the Securities plus 1% per annum.

  • 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, for any day, the rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Prime Rate for such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.

  • 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 2.10.

  • 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 1.00-Eurodollar Reserve Percentage

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • 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].