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.
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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.
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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.
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Examples of Delayed Payment Rate in a sentence

  • The Delayed Payment Rate is to be applied as the rate payable for an entire calendar quarter.

  • In the event that the delayed period is less than an entire calendar quarter, a pro rata fraction of the Delayed Payment Rate shall be used.

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

  • For purposes of Paragraph 4 above, if there is a delayed settlement of a payment due, there will be an interest penalty, at the Delayed Payment Rate described in Paragraph 9 below, for the period that the amount is overdue.

  • For purposes of this Paragraph, a payment will be considered overdue thirty (30) days after the date such payment is due, and the interest penalty will be determined by multiplying the amount due by the product of the Delayed Payment Rate multiplied by a fraction, the numerator of which is the number of days the amount was overdue and the denominator of which is 360.


More Definitions of Delayed Payment Rate

Delayed Payment Rate. LIBOR plus (7%) 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.
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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;
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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.
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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.
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Delayed Payment Rate means five (5) percent per annum.
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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.
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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
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