General Interest Rate means a varying per annum rate equal at any given time to the lesser of (a) the interest rate publicly quoted by X.X. Xxxxxx Chase from time to time as its prime commercial or similar reference interest rate, and (b) the maximum rate permitted by applicable law.
General Interest Rate means a rate per annum equal to the lesser of (a) a varying rate per annum that is equal to the interest rate published as the prime rate by The Bank of Nova Scotia from time to time, with adjustments in that varying rate to be made on the same date as any change in that rate, and (b) the maximum rate permitted by applicable law.
General Interest Rate means a rate per annum equal to the lesser of (a) the Wall Street Journal prime rate as quoted in the money rates section of the Wall Street Journal which is also the base rate on corporate loans at large United States money center commercial banks, from time to time as its prime commercial or similar reference interest rate, with adjustments in that varying rate to be made on the same date as any change in that rate, and (b) the maximum rate permitted by applicable law.
Examples of General Interest Rate in a sentence
An advance described in this Section 4.05 constitutes a loan from the Member to the Company, bears interest at the General Interest Rate from the date of the advance until the date of payment and is not a Capital Contribution.
The purchaser will pay the fair market value as so determined in four equal cash installments, the first due on closing and the remainder (together with accumulated interest on the amount unpaid at the General Interest Rate) due on each of the first three anniversaries thereof.
More Definitions of General Interest Rate
General Interest Rate means a rate per annum equal to the lesser of (a) the prime rate published in The Wall Street Journal on the day the rate is determined (or the most recent day on which The Wall Street Journal was published if the paper is not published on the day the rate is determined), or, (b) the maximum rate permitted by applicable law.
General Interest Rate means a varying per annum rate equal at any given time to the lesser of (a) the interest rate publicly quoted by J.P. Morgan Chase from time to time as its prime commercial or similar reference interest rate, and (b) the maximum rate permitted by applicable law.
General Interest Rate means a rate per annum equal to the lesser of (i) one percent (1%) plus the Prime Rate and (ii) the maximum rate permitted by applicable law.
General Interest Rate means the rate of interest by Fifteen percent per annum.
General Interest Rate is defined in Section 4.5(a).
General Interest Rate means a rate per annum equal to the lesser of (a) an annual rate of interest which equals the floating commercial loan rate as published in the Wall Street Journal from time to time as the "Prime Rate," adjusted in each case as of the banking day in which a change in the Prime Rate occurs, as reported in the Wall Street Journal; provided, however, that if such rate is no longer published in the Wall Street Journal, then it shall mean an annual rate of interest which equals the floating commercial loan rate of Citibank, N.A., or its successors and assigns, announced from time to time as its "base rate," adjusted in each case as of the banking day in which a change in the base rate occurs; and (b) the maximum rate permitted by applicable law.
General Interest Rate means a rate per annum equal to the lesser of (a) a varying rate per annum that is equal to the interest rate publicly quoted by Chase Bank Texas National Association (Houston) from time to time as its prime commercial or similar reference interest rate, with adjustments in that varying rate to be made on the same date as any change in that rate, and (b) the maximum interest rate permitted by applicable law.