Delayed Payment Rate definition

Delayed Payment Rate. KIBOR plus two percent (2%) per annum, calculated for the actual number of Days that the relevant amount remains unpaid on the basis of a three hundred and sixty-five (365) Day year.

Delayed Payment Rate means a per annum rate of interest equal to the lesser of (i) twelve percent (12%) and (ii) the maximum rate permitted by applicable Law.

Delayed Payment Rate. LIBOR plus six percent (6%) per annum, compounded semi-annually, calculated for the actual number of Days that the relevant amount remains unpaid on the basis of the number of Days in the applicable Agreement Year.

Examples of Delayed Payment Rate in a sentence

• Amounts not paid by either Party to the other when due hereunder shall bear interest, from the date payment was due to and including the date of payment at a rate equal to the lesser of one percent (1%) per month, or the maximum rate permitted by applicable law (the "Delayed Payment Rate").

• Any undisputed amount that is not paid when due and any disputed amount which is ultimately determined to have been payable prior to the actual date of payment shall be paid with interest, at the Delayed Payment Rate, from the date due to the date of payment.

• Late payments hereunder shall bear xxxx-up at an annual rate equal to the Delayed Payment Rate.

• For purposes of Paragraph 4 above, if there is a delayed settlement of a payment due, an interest penalty at the Delayed Payment Rate defined in Paragraph 8 below shall be due for the period for which the amount is overdue.

• If a Party fails to make any payment when due, excluding all amounts allowed to be withheld pursuant to the terms hereof, such Party shall be liable for interest on the unpaid amount from the Day the amount was due at a rate equal to the Delayed Payment Rate.

More Definitions of Delayed Payment Rate

Delayed Payment Rate means a per annum rate of interest (computed on the basis of a 365-day year) equal to the lesser of (a) the prime commercial lending rate as quoted from time to time by The Wall Street Journal as the Prime Rate under the column known as "Money Rates", plus two percent (2%), and (b) the maximum rate permitted by applicable Law of the state in which the Manufacturing Plant is located.

Delayed Payment Rate means the Bank of Mongolia policy rate per annum published from time to time and applicable to each day of delay plus three per cent (3%) calculated for the actual number of Days which the relevant amount remains unpaid on the basis of a three hundred and sixty five (365) day year;

Delayed Payment Rate. [***] per annum, compounded semi-annually, calculated for the actual number of Days that the relevant amount remains unpaid on the basis of the number of Days in the applicable Agreement Year.

Delayed Payment Rate. KIBOR plus four and one half percent (4.5%) per annum on any amounts payable in Rupees or LIBOR plus four and one half percent (4.5%) per annum on any amounts payable in any Foreign Currency, compounded semi-annually, and calculated for the actual number of Days which the relevant amount remains unpaid on the basis of a three hundred and sixty five (365) Day year.

Delayed Payment Rate. EURIBOR plus two percent (2%) per annum, compounded semi-annually, calculated for the actual number of Days for which the relevant amount remains unpaid on the basis of a three hundred and sixty-five (365) Day year

Delayed Payment Rate. The meaning ascribed thereto in the Energy Purchase Agreement.

Delayed Payment Rate means a per annum rate of interest equal to the lesser of (i) LIBOR plus four percent (4%) and (ii) the maximum rate permitted by applicable Law.