Interest Rate for Advances means (a) the interest rate borne by the Bonds, or (b) a rate which is one percent in excess of the prime or base interest rate then charged by the Trustee in its lending capacity as a bank, whichever is greater and lawfully chargeable.
Interest Rate for Advances means the rate of twelve percent per annum (12%) or the rate per annum which is two percent plus that interest rate announced by the Trustee in its lending capacity as a bank as its “Prime Rate” or its “Base Rate,” whichever is greater and lawfully chargeable, in whole or in part.
Examples of Interest Rate for Advances in a sentence
Any moneys so advanced shall be payable by Xxxxxx as Additional Rent on written demand therefor and shall bear interest from the date of advancement at the Interest Rate for Advances.
More Definitions of Interest Rate for Advances
Interest Rate for Advances means a rate per annum which is equal to two percent (2.00%) per annum plus the Prime Rate.
Interest Rate for Advances means the rate per annum which is one percent (1%) per annum in excess of the Prime Rate.
Interest Rate for Advances means the rate per annum that is 2% plus that interest rate announced by the Trustee in its lending capacity as a bank as its “Prime Rate” or its “Base Rate”, whichever is greater and lawfully chargeable, in whole or in part.
Interest Rate for Advances means the rate per annum which is two percent plus that interest rate announced by the Trustee in its lending capacity as a bank as its “Prime Rate” or its “Base Rate”.
Interest Rate for Advances means eleven percent (11%) per annum.
Interest Rate for Advances means the Default Interest Rate (as defined in the Reimbursement Agreement), but in no event in excess of the highest annual rate of interest allowable by law; provided, however, that anything herein to the contrary notwithstanding the rate of interest on any Loan Payment in default shall not be less than the rate of interest on the Bonds to which such Loan Payment relates.
Interest Rate for Advances means the rate per annum which is two percent per annum (2%) in excess of that rate announced from time to time as the Commercial Base Rate.