Contractual Interest Rate definition
Examples of Contractual Interest Rate in a sentence
Effective Annual Interest Rate (Annual Cost Rate) % It is composed of calculation, as an annual percentage rate, of the total cost of the loan by including the Annual Contractual Interest Rate, Credit Allocation Fee (if any), and the Insurance Premium Amount (if any).
Annual Contractual Interest Rate % It is the annual interest rate stipulated in the Agreement and which constitutes the basis for drawing up the repayment schedule and which is calculated by taking into account the advance interest amount as well if any.
Default / Delay Interest Rate (Annual) % It shall be calculated at a rate which is 30% above the Annual Contractual Interest Rate.
Any delay in payment shall automatically entail the application of a per diem late-payment penalty based on the Contractual Interest Rate, the commencement date for application of the penalty being the date on which payment of the public domain occupancy fee is due to the Concession Grantor.
The Senior Units Specific Terms and Conditions applicable to a particular Senior Unit shall in all cases specify the Issue Date, the Minimum Contractual Interest Rate, the Nominal Value and Maturity of such Senior Unit.