Special Interest Rate Clause Samples

Special Interest Rate. 15.1. If a Special Interest Rate applies (as specified in the Important Information Section), then there will be a Special Interest Rate for the nominated duration. 15.2. During the Special Interest Rate period interest will be charged on the Facility at the Special Interest Rate. The Instalment Payments during this period will include interest at the Special Interest Rate. 15.3. Interest at the Special Interest Rate is calculated on the outstanding balance of the Facility on a day-to-day basis and is charged on each Instalment Payment Date starting on the first Instalment Payment Date after the Agreement Date (as well after as before judgment or demand).
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Special Interest Rate. 15.1 If a Special Interest Rate applies (as specified in the Important Information Section), then there will be a Special Interest Rate for the nominated duration. 15.2 During the Special Interest Rate period interest will be charged on the Facility at the Special Interest Rate. The Instalment Payments during this period will include interest at the Special Interest Rate. 15.3 Interest at the Special Interest Rate is calculated on the outstanding balance of the Facility on a day-to-day basis and is charged on each Instalment Payment Date starting on the first Instalment Payment Date after the Agreement Date.
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Special Interest Rate. A rate per annum equal to the prime rate of J.P. ▇▇▇▇▇▇ ▇▇▇s▇ & ▇o., New York, New York, or its successor, in effect from time to time plus three percentage points (3%).
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Related to Special Interest Rate

  • Optional Interest Rates Instead of the interest rate based on the rate stated in the paragraph entitled “Interest Rate” above, the Borrower may elect the optional interest rates listed below for this Facility No. 1 during Interest periods agreed to by the Bank end the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a “Portion.” The following optional interest rates are available: (a) The LIBOR Rate plus 1.75 percentage point(s).

  • Fixed Interest Rate The loan interest rate hereunder is determined by the latest þ1-year ☐5-year and above ☐ other LPR published on the natural day before þ the Effective Date of this Contract ☐the loan issuance date plus (plus/less) 105.000000 basis points (LPR, the loan prime rate published by the National Interbank Funding Center, 1 basis point =0.01%, the same below), subject to the loan receipts or the electronic data and vouchers generated by E-banking such as online banking. During the term of loan, the loan interest rate shall not be adjusted.

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Default Interest Rate From and after the occurrence of any Event of Default, and so long as any such Event of Default remains unremedied or uncured thereafter, the Obligations outstanding under the Agreement shall bear interest at a per annum rate of five percent (5%) above the otherwise applicable interest rate hereunder, which interest shall be payable upon demand. In addition to the foregoing, a late payment charge equal to five percent (5%) of each late payment hereunder may be charged on any payment not received by Bank within ten (10) calendar days after the payment due date therefor, but acceptance of payment of any such charge shall not constitute a waiver of any Event of Default under the Agreement. In no event shall the interest payable under this Addendum and the Agreement at any time exceed the maximum rate permitted by law.

  • Fixed Interest Rates Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of ARD Loans and situations where default interest is imposed.