Prescribed Rate Clause Samples

Prescribed Rate the rate of interest prescribed from time to time pursuant to The Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇;

Prescribed Rate the rate of interest prescribed from time to time pursuant to The Late Payment of Commercial Debts (Interest) Act 1998;

Prescribed Rate. The Borrower shall pay to the Bank interest at the rate of foreign currency funding rate plus per centum per annum (% p.

Prescribed Rate. The Borrower shall pay to the Bank interest at the rate of _____ per centum per annum (% p. a.) over and above the rate quoted by BNM (currently at ) and such rate shall be subject to revision at the absolute discretion of the Bank from time to time with or without notice to the Borrower.

Prescribed Rate. The "Prescribed Rate" shall be, for each full or partial calendar year during which interest shall accrue hereunder, the rate per annum equal to the rate of interest announced by Bank of New England N.A. as its base rate (the "Base Rate") as in effect on January 1 of such calendar year (in the case of the 1990 calendar year, as in effect on August 8, 1990). Notwithstanding the previous sentence, if Bank of New England N.A. shall announce, at any time during any such calendar year, a Base Rate that is more than 2% higher or lower than the Base Rate in effect on January 1 of such year (or August 8, for 1990), the Prescribed Rate shall be, for the remainder of such calendar year, the Base Rate as announced from time to time during the remainder of such calendar year.

Prescribed Rate. Where applicable, the Borrower covenants and agrees that until commencement of the repayment of the TL as provided in Item 16 (vii) below the Borrower shall without notice from the Bank to pay, pay the Bank interest at the rate of bank's BLR (presently at SIX POINT ZERO per centum (6.0%) per annum) plus TWO POINT ZERO per centum (2.0%) p.a. on such amount of the TL as might have been disbursed on each Interest Payment Date and mutatis mutandis upon full disbursement of the TL calculated on monthly rests and payable monthly in arrears and such rate shall be subject to revision at the absolute discretion of the Bank from time without notice to the Borrower. If the Borrower fails to pay interest as specified herein the Bank will debit the interest to borrower's account with the Bank and the Bank may at its discretion recall the facility/facilities.

Prescribed Rate. The Borrower shall be charged upfront a discount rate of BLR plus_____ per centum per annum ( % p.

Prescribed Rate. The Borrower shall pay interest at the rate of the BLR plus ONE POINT FIVE ZERO per centum per annum (1.50% p.

Prescribed Rate. The Borrower shall pay interest at the rate of _____ plus _____ per centum per annum ( % p.