Guarantor Default Rate definition

Guarantor Default Rate means the Bond Interest Rate plus 2 per cent. per annum.
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Guarantor Default Rate means the Debenture Interest Rate plus 2 per cent. per annum. Guarantor Payment Date means the date of actual payment by CGIF of a Guaranteed Amount, provided that this date shall not be more than fifteen (15) Business Days after the receipt by CGIF of the relevant Demand. Holding Company means, in relation to a company or corporation, any other company or corporation in respect of which it is a Subsidiary.
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Guarantor Default Rate means the Bond Interest Rate plus [two] per cent. [(2%)] per annum. Guarantor Payment Date means the date of actual payment by CGIF in respect of a Guaranteed Amount, provided this date shall not be more than [fifteen (15)] Business Days after the receipt by CGIF of the relevant Demand which complies with the terms of this Agreement.
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Related to Guarantor Default Rate

  • Default Rate means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted by applicable Laws.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;