Late Fee Rate definition
Late Fee Rate has the meaning assigned in the Confirmation.
Late Fee Rate means, in respect of any Repurchase Price amount or any other amount under this Agreement, the Confirmation or any other Transaction Document that is not paid when due to Buyer (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum during the period from and including the due date to but excluding the date on which such amount is paid in full equal to 4% per annum plus the Base Rate.
Late Fee Rate has the meaning given to it in Section 3.3.
Examples of Late Fee Rate in a sentence
Late Fee Rate: [_]% B▇▇▇▇▇▇▇’s Right to Receive Entitlements under Section 8.3: Borrower will not have a right to receive Entitlements under Section 8.3 of the Agreement, until Borrower is notified that it has such a right explicitly in writing by L▇▇▇▇▇.
The late fee will be calculated daily based on the outstanding Loaned Assets based on the Late Fee Rate (quoted in the Confirmation on an annualized rate).
More Definitions of Late Fee Rate
Late Fee Rate means 7% per annum (or such other amount as agreed to be the Parties in the Loan Confirmation or otherwise in writing).