Examples of Base Rate of Interest in a sentence
Any payments by Monsanto that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Base Rate of Interest calculated based on the number of days that payment is delinquent.
The Base Rate of Interest of SOUTHTRUST BANK shall be that rate of interest (but not necessarily the best or lowest rate charged borrowing customers of SOUTHTRUST BANK) described by it as its Base Rate of Interest, whether or not such rate shall be otherwise published, as such rate shall vary from time to time, and each adjustment shall be effective on the day the change occurs.
In the event that ArQule makes a late delivery of Mapping Arrays to Monsanto pursuant to Section 3.2.1 or delivers a Compass Array Library after the [*] period described in Section 3.2.1, Monsanto may deduct from the next quarterly installment of the delivery fee set forth in Section 3.2.5 an amount determined by multiplying the amount of such quarterly installment by an annualized rate equal to [*] above the Base Rate of Interest calculated based on the number of days that delivery was late.
Any payments by any Party that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at [ ] above the Base Rate of Interest calculated based on the number of days that payment is delinquent.
Except as provided in SECTION 2.4(B), all Obligations whether or not charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof at a per annum rate equal to the Base Rate of Interest, plus the Base Rate Margin.