Late Charge Rate definition

Late Charge Rate means an interest rate per annum equal to the higher of two percent (2%) over the Reference Rate or eighteen percent (18%), but not to exceed the highest rate permitted by applicable law.

Late Charge Rate means the rate of interest charged by the City from time to time for delinquent real property taxes.

Late Charge Rate specified in the related Schedule) with respect to the amount in arrears for the period such amount remains unpaid (the “Late Charge”).

Examples of Late Charge Rate in a sentence

• Any amounts paid by Landlord pursuant to Section 22.1 hereof, including all costs and expenses incurred by Landlord in connection therewith, shall be paid to Landlord within fifteen (15) days of Landlord's demand, together with a late charge on the amounts so paid by Xxxxxxxx, calculated at the Late Charge Rate from the date of any such payment by Landlord to the date on which payment of such amounts is received by Landlord.

• All sums so paid by Xxxxxxxx and all costs and expenses incurred by Landlord in connection with the performance of any act pursuant to Section 25.1 shall bear interest thereon at the Late Charge Rate from the respective dates of Landlord's making of each such payment, or incurring each such cost and expense.

• Upon demand by Xxxxxx, Landlord shall reimburse Tenant for all sums so paid by Xxxxxx and all costs and expenses incurred by Tenant in connection with the performance of any act pursuant to Section 25.2, plus interest thereon at the Late Charge Rate.

More Definitions of Late Charge Rate

Late Charge Rate means, with respect to any Indemnity Claim, the rate of interest determined in this Agreement with respect to the related Guaranteed Loan.

Late Charge Rate. The interest rate applicable from time to time under the DOE Credit Facility Documents with respect to Overdue Amounts.

Late Charge Rate means a rate equal to the lower of one and one-half percent (1.5%) per month or the highest rate permitted by applicable law.

Late Charge Rate means (i) in the case of Tenant’s failure to pay PILOT, the rate of interest charged from time to time by the City for delinquent Taxes, and (ii) in all other cases, the Prime Rate plus one percent (1%) per annum, except where the sum on which the Late Charge Rate is being imposed is ten percent (10%) or more of the amount of the payment which should have been made or where Landlord has incurred costs in curing a Default of Tenant, in which case the Late Charge Rate shall mean the Prime Rate plus three percent (3%) per annum; provided, however, that the Late Charge Rate shall not exceed the maximum annual rate of interest which then lawfully may be charged to Tenant or by Xxxxxxxx, as the case may be.

Late Charge Rate means the true interest cost rates on the Bonds.

Late Charge Rate means 200 basis points per annum payable monthly.

Late Charge Rate means a rate per annum equal to eighteen percent (18%).