Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;
Default Interest Rate shall have the meaning set forth in Section 2(a).
Default Interest Rate means the lower of (i) the sum of (a) the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A., as its prime rate and (b) 5%, or (ii) the highest rate of interest permitted under applicable law.
Examples of Default Interest Rate in a sentence
Interest at the Default Interest Rate shall be calculated from the day of the occurrence of the Default, and shall be payable in the same manner as other interest under the Note.
More Definitions of Default Interest Rate
Default Interest Rate means the lesser of (i) the per annum rate of interest calculated on a daily basis using the prime rate published in the Wall Street Journal for the applicable day (with the rate for any day for which such rate is not published being the rate most recently published) plus two hundred (200) basis points and (ii) the maximum rate of interest permitted by Applicable Law.
Default Interest Rate means the lesser of (a) eight percent (8%) per annum and (b) the maximum rate of interest permitted by Applicable Law.
Default Interest Rate means a varying per annum rate equal at any given time to the lesser of (a) four percentage points in excess of the General Interest Rate and (b) the maximum rate permitted by applicable law.
Default Interest Rate is defined in the Note.
Default Interest Rate means the Interest Rate plus 5%; “Direct Damage” has the meaning given to it in clause 26.2;
Default Interest Rate means for any Default Interest Period: