Lease Interest Rate Clause Samples

Lease Interest Rate. The term "Lease Interest Rate" shall mean the lesser of (A) the Prime Rate in effect from time to time plus four percent (4%), or (B) the maximum amount or rate that Landlord may lawfully charge Tenant in the circumstances if such a maximum exits.

Lease Interest Rate. 35 EXHIBITS -------- LEASE RIDER ----------- Lease Rider Number 1 MULTI-TENANT INDUSTRIAL LEASE This lease ("Lease") is made and entered into as of this 17th day of July, 1991 by and between ▇▇▇▇▇▇ LAND COMPANY, a California corporation ("Landlord") and TELEDYNE, INC., a Delaware corporation ("Tenant"). Landlord and Tenant mutually covenant and agree that Landlord, in consideration of the rent payable by Tenant and the covenants and agreements to be kept, observed and performed by Tenant, hereby rents and leases to Tenant, and Tenant hereby takes and hires from Landlord, the "Premises" (as defined herein), pursuant to the provisions of this Lease, subject to (i) all applicable zoning, municipal, county, state and federal laws; (ii) covenants, conditions, restrictions, reservations, easements, rights and rights-of-way of record; and (iii) Performance Standards of ▇▇▇▇▇▇ Industrial Center dated July 1, 1991, attached hereto as Exhibit "A" and incorporated herein by reference. In the event of any conflict between the provisions of this Lease and the provisions of the Performance Standards, the provisions of this Lease shall govern.

Lease Interest Rate. The term "

Lease Interest Rate. Whenever this Lease refers to Ainterest@ whether by payment from Landlord to Tenant, or Tenant to Landlord, or by deduction or addition to rent, the same shall be computed at a rate equal to the APrime Rate@ (as defined herein) plus four percent (4%). If, however, payment of interest at such rate by Landlord or Tenant, as the case may be, should be unlawful (i.e., violative of the usury statutes or otherwise), the Ainterest@ shall, as against such party, be computed at the maximum lawful rate payable by such party. APrime Rate@ shall mean the highest APrime Rate@ as published in The Wall Street Journal. The foregoing Ainterest@ shall be called in this Lease the ▇▇▇▇▇▇ Interest Rate@.

Lease Interest Rate. The term "lease interest rate", when used herein, shall be 12% per annum.

Lease Interest Rate. The term “Lease Interest Rate” shall mean the lesser of (A) the greater of (i) the Prime Rate in effect from time to time plus two and one-half percent (2.5%), or (ii) the default rate charged to Landlord by Landlord’s mortgagees, solely if and to the extent that Landlord has become obligated to pay such default rate during the period in question by reason of Tenant’s nonpayment of any sum owing under this Lease, or (B) the maximum amount or rate that Landlord may lawfully charge Tenant in the circumstances if such a maximum exits.

Lease Interest Rate. The lease interest rate is a tax-inclusive floating rate. The standard is the loan prime rate (LPR) for loans with a maturity of five years or more as published by the People’s Bank of China. The lease interest rate on the lease commencement date shall be the loan prime rate (LPR) for loans with a maturity of five years or more as published by the People’s Bank of China on 22 November 2021, i.e. 4.65% per annum; in case of adjustment to the loan prime rate (LPR) for loans with relevant maturity as published by the People’s Bank of China, Industrial Bank Financial Leasing shall re-determine the lease interest rate based on the new loan prime rate (LPR) for loans with relevant maturity as published by the People’s Bank of China and adjust the lease payments accordingly. The Company shall pay to Industrial Bank Financial Leasing one installment of lease payment for each Lease Period in ten equal installments of principal and interest. The lease payment applicable to each Lease Period shall be paid on the day following the expiration date of such Lease Period. On the commencement date of the 4th Lease Period, the lease interest rate shall be adjusted to the loan prime rate (LPR) for loans with a maturity of five years or more as published by the People’s Bank of China applicable as at 20 May 2023 plus 100 basis points, with the adjusted lease interest rate being 5.30% per annum. Industrial Bank Financial Leasing shall calculate and collect current rent from the Company based on the aforementioned lease interest rate. During the subsequent Lease Periods, the lease interest rate shall be redetermined once a year on 20 June. The redetermination basis is the latest applicable loan prime rate (LPR) for loans with a maturity of five years or more as published by the People’s Bank of China on the redetermination date. The value of plus or minus basis points shall remain unchanged for the duration of the contract. At that time, the rent amount of the Lease Period and each preceding Lease Period as of the date of redetermination of the lease interest rate shall remain unchanged. Commencing from the next Lease Period, Industrial Bank Financial Leasing shall calculate and collect rent from the Company in accordance with the redetermined lease interest rate. Finance Lease Agreement Supplemental Agreement Lease handling fee and payment method: RMB2 million. The payment shall be made in several instalments and each instalment of lease handling fee shall be 0.5% of each inst...

Lease Interest Rate. Tenant further covenants to pay to Landlord ------------------- on demand interest at a rate equal to the prime rate plus two of eighteen percent (2%) (or at the maximum rate not prohibited by