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
Notwithstanding the foregoing, Owner agrees to waive interest at the Late Charge Rate for the first late payment made in any calendar year provided such payment is made within forty-five (45) days of the due date thereof.
More Definitions of Late Charge Rate
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 has the meaning given to such term in the relevant Note.
Late Charge Rate has the meaning provided in Article 4.
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, with respect to any Indemnity Claim, the rate of interest determined in this Agreement with respect to the related Guaranteed Loan.
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 Landlord, as the case may be.
Late Charge Rate. As defined in the FFB Promissory Note.